XML 29 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net income $ 289 $ 270
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 414 391
Deferred income taxes and investment tax credit 127 135
Other non-cash operating activities 33 84
Cash provided by (used in) changes in assets and liabilities    
Decrease (increase) in accounts receivable, notes receivable, and accrued revenue 97 194
Decrease (increase) in inventories 198 235
Increase (decrease) in accounts payable and accrued refunds (21) (35)
Other current and non-current assets and liabilities (36) (12)
Net cash provided by operating activities 1,101 1,262
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under capital lease) (817) (675)
Increase in EnerBank notes receivable (43) (99)
Proceeds from the sale of EnerBank notes receivable   48
Cost to retire property and other investing activities (50) (56)
Net cash used in investing activities (910) (782)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 329 100
Proceeds from EnerBank certificates of deposit, net 12 39
Issuance of common stock 66 27
Retirement of long-term debt (42) (137)
Payment of dividends on common and preferred stock (173) (161)
Decrease in notes payable (249) (60)
Payment of capital lease obligations and other financing costs (15) (18)
Net cash used in financing activities (72) (210)
Net Increase in Cash and Cash Equivalents 119 270
Cash and Cash Equivalents, Beginning of Period 266 207
Cash and Cash Equivalents, End of Period 385 477
Non-Cash Transactions    
Capital expenditures not paid 178 148
Refund of capitalized sales and use tax not received 29  
Consumers Energy Company [Member]    
Cash Flows from Operating Activities    
Net income 304 299
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 410 388
Deferred income taxes and investment tax credit 130 24
Other non-cash operating activities 27 78
Cash provided by (used in) changes in assets and liabilities    
Decrease (increase) in accounts receivable, notes receivable, and accrued revenue 119 195
Decrease (increase) in inventories 197 233
Increase (decrease) in accounts payable and accrued refunds (15) (34)
Other current and non-current assets and liabilities (40) 68
Net cash provided by operating activities 1,132 1,251
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under capital lease) (813) (667)
Cost to retire property and other investing activities (51) (47)
Net cash used in investing activities (864) (714)
Cash Flows from Financing Activities    
Retirement of long-term debt (12) (37)
Payment of dividends on common and preferred stock (214) (255)
Stockholder contribution 275 150
Decrease in notes payable (249) (60)
Payment of capital lease obligations and other financing costs (1) (9)
Net cash used in financing activities (201) (211)
Net Increase in Cash and Cash Equivalents 67 326
Cash and Cash Equivalents, Beginning of Period 50 71
Cash and Cash Equivalents, End of Period 117 397
Non-Cash Transactions    
Capital expenditures not paid 162 $ 148
Refund of capitalized sales and use tax not received $ 29