XML 33 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Revenue $ 6,456 $ 7,179 $ 6,566
Operating Expenses      
Fuel for electric generation 593 673 621
Purchased and interchange power 1,406 1,602 1,387
Purchased power - related parties 83 90 90
Cost of gas sold 961 1,493 1,228
Maintenance and other operating expenses 1,238 1,232 1,236
Depreciation and amortization 750 685 628
General taxes 262 252 234
Total operating expenses 5,293 6,027 5,424
Operating Income 1,163 1,152 1,142
Other Income (Expense)      
Interest income 12 5 3
Allowance for equity funds used during construction 10 8 6
Income from equity method investees [1] 14 15 13
Other income 10 11 10
Other expense (17) (55) (20)
Total other income (expense) 29 (16) 12
Interest Charges      
Interest on long-term debt 386 393 385
Other interest expense 14 17 16
Allowance for borrowed funds used during construction (4) (3) (3)
Total interest charges 396 407 398
Income Before Income Taxes 796 729 756
Income Tax Expense 271 250 302
Net Income 525 479 454
Income Attributable to Noncontrolling Interests 2 2 2
Net Income Available to Common Stockholders $ 523 $ 477 $ 452
Basic Earnings Per Average Common Share $ 1.90 $ 1.76 $ 1.71
Diluted Earnings Per Average Common Share $ 1.89 $ 1.74 $ 1.66
Consumers Energy Company [Member]      
Operating Revenue $ 6,165 $ 6,800 $ 6,321
Operating Expenses      
Fuel for electric generation 497 567 541
Purchased and interchange power 1,376 1,564 1,361
Purchased power - related parties 83 89 89
Cost of gas sold 939 1,375 1,187
Maintenance and other operating expenses 1,149 1,146 1,174
Depreciation and amortization 744 678 622
General taxes 255 246 229
Total operating expenses 5,043 5,665 5,203
Operating Income 1,122 1,135 1,118
Other Income (Expense)      
Interest income 11 4 2
Interest and dividend income - related parties 1 1 1
Allowance for equity funds used during construction 10 8 6
Other income 19 10 14
Other expense (17) (35) (16)
Total other income (expense) 24 (12) 7
Interest Charges      
Interest on long-term debt 252 243 237
Other interest expense 2 10 11
Allowance for borrowed funds used during construction (4) (3) (3)
Total interest charges 250 250 245
Income Before Income Taxes 896 873 880
Income Tax Expense 302 306 346
Net Income 594 567 534
Preferred Stock Dividends and Distribution 2 2 2
Net Income Available to Common Stockholders $ 592 $ 565 $ 532
[1] Consumers had no significant equity method investments.