XML 29 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Revenue $ 1,829 $ 1,801
Operating Expenses    
Fuel for electric generation 117 125
Purchased and interchange power 333 346
Purchased power - related parties 22 22
Cost of gas sold 336 354
Maintenance and other operating expenses 290 303
Depreciation and amortization 262 238
General taxes 81 87
Total operating expenses 1,441 1,475
Operating Income 388 326
Other Income (Expense)    
Interest income 5 1
Allowance for equity funds used during construction 2 3
Income from equity method investees 4 4
Nonoperating retirement benefits, net 3 10
Other income 2 3
Other expense (2) (3)
Total other income 14 18
Interest Charges    
Interest on long-term debt 100 100
Other interest expense 8 7
Allowance for borrowed funds used during construction (1) (1)
Total interest charges 107 106
Income Before Income Taxes 295 238
Income Tax Expense 96 74
Net Income $ 199 $ 164
Basic Earnings Per Average Common Share $ 0.71 $ 0.59
Diluted Earnings Per Average Common Share 0.71 0.59
Dividends Declared Per Common Share $ 0.33 $ 0.31
Consumers Energy Company [Member]    
Operating Revenue $ 1,737 $ 1,723
Operating Expenses    
Fuel for electric generation 89 99
Purchased and interchange power 331 343
Purchased power - related parties 22 22
Cost of gas sold 332 351
Maintenance and other operating expenses 265 278
Depreciation and amortization 260 237
General taxes 79 85
Total operating expenses 1,378 1,415
Operating Income 359 308
Other Income (Expense)    
Interest income 4 1
Allowance for equity funds used during construction 2 3
Nonoperating retirement benefits, net 3 9
Other income 14 3
Other expense (2) (3)
Total other income 21 13
Interest Charges    
Interest on long-term debt 66 65
Other interest expense 3 3
Allowance for borrowed funds used during construction (1) (1)
Total interest charges 68 67
Income Before Income Taxes 312 254
Income Tax Expense 101 82
Net Income $ 211 $ 172