XML 30 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net income $ 164 $ 202
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 238 222
Deferred income taxes and investment tax credit 68 99
Other non-cash operating activities 21 42
Cash provided by (used in) changes in assets and liabilities    
Decrease (increase) in accounts receivable, notes receivable, and accrued revenue 16 (48)
Decrease (increase) in inventories 274 378
Increase (decrease) in accounts payable and accrued refunds (48) (36)
Other current and non-current assets and liabilities (101) (99)
Net cash provided by operating activities 632 760
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under capital lease) (407) (348)
Increase in EnerBank notes receivable (16) (29)
Other investing activities (28) (45)
Net cash used in investing activities (451) (422)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 30 100
Proceeds from EnerBank certificates of deposit, net 14 40
Issuance of common stock 63 4
Retirement of long-term debt (30) (11)
Payment of dividends on common stock (86) (80)
Decrease in notes payable (249) (60)
Payment of capital lease obligations and other financing costs (12) (16)
Net cash used in financing activities (270) (23)
Net Increase (Decrease) in Cash and Cash Equivalents (89) 315
Cash and Cash Equivalents, Beginning of Period 266 207
Cash and Cash Equivalents, End of Period 177 522
Non-Cash Transactions    
Capital expenditures not paid 173 117
Consumers Energy Company [Member]    
Cash Flows from Operating Activities    
Net income 172 215
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 237 220
Deferred income taxes and investment tax credit 62 39
Other non-cash operating activities 17 40
Cash provided by (used in) changes in assets and liabilities    
Decrease (increase) in accounts receivable, notes receivable, and accrued revenue 33 (43)
Decrease (increase) in inventories 270 374
Increase (decrease) in accounts payable and accrued refunds (42) (32)
Other current and non-current assets and liabilities (84) (27)
Net cash provided by operating activities 665 786
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under capital lease) (406) (345)
Other investing activities (27) (38)
Net cash used in investing activities (433) (383)
Cash Flows from Financing Activities    
Retirement of long-term debt   (11)
Payment of dividends on common stock (155) (122)
Stockholder contribution 150 150
Decrease in notes payable (249) (60)
Payment of capital lease obligations and other financing costs (1) (6)
Net cash used in financing activities (255) (49)
Net Increase (Decrease) in Cash and Cash Equivalents (23) 354
Cash and Cash Equivalents, Beginning of Period 50 71
Cash and Cash Equivalents, End of Period 27 425
Non-Cash Transactions    
Capital expenditures not paid $ 154 $ 117