XML 24 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net Income $ 292 $ 289
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 459 414
Deferred income taxes and investment tax credit 132 127
Other non-cash operating activities and reconciling adjustments 47 33
Cash provided by (used in) changes in assets and liabilities    
Decrease (increase) in accounts and notes receivable and accrued revenue 154 97
Decrease (increase) in inventories 44 198
Increase (decrease) in accounts payable and accrued refunds 37 (21)
Other current and non-current assets and liabilities (46) (36)
Net cash provided by operating activities 1,119 1,101
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under capital lease) (746) (817)
Decrease (increase) in EnerBank notes receivable (25) (43)
Proceeds from the sale of EnerBank notes receivable 19  
Cost to retire property and other investing activities (54) (51)
Net cash used in investing activities (806) (911)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 923 329
Issuance of common stock 76 66
Net increase (decrease) in EnerBank certificates of deposit (27) 12
Payment of dividends on common and preferred stock (188) (173)
Retirement of long-term debt (488) (42)
Decrease in notes payable (398) (249)
Payment of capital lease obligations and other financing costs (27) (15)
Net cash used in financing activities (129) (72)
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts 184 118
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period 257 288
Cash and Cash Equivalents, Including Restricted Amounts, End of Period 441 406
Non-cash transactions    
Capital expenditures not paid 146 178
Note receivable recorded for future refund of use taxes paid and capitalized   29
Consumers Energy Company [Member]    
Cash Flows from Operating Activities    
Net Income 315 304
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 455 410
Deferred income taxes and investment tax credit 157 130
Other non-cash operating activities and reconciling adjustments 44 27
Cash provided by (used in) changes in assets and liabilities    
Decrease (increase) in accounts and notes receivable and accrued revenue 158 119
Decrease (increase) in inventories 43 197
Increase (decrease) in accounts payable and accrued refunds 38 (15)
Other current and non-current assets and liabilities (85) (40)
Net cash provided by operating activities 1,125 1,132
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under capital lease) (741) (813)
Cost to retire property and other investing activities (61) (52)
Net cash used in investing activities (802) (865)
Cash Flows from Financing Activities    
Proceeds from issuance of debt 349  
Stockholder contribution 450 275
Payment of dividends on common and preferred stock (237) (214)
Retirement of long-term debt (263) (12)
Decrease in notes payable (398) (249)
Payment of capital lease obligations and other financing costs (12) (1)
Net cash used in financing activities (111) (201)
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts 212 66
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period 152 71
Cash and Cash Equivalents, Including Restricted Amounts, End of Period 364 137
Non-cash transactions    
Capital expenditures not paid $ 133 162
Note receivable recorded for future refund of use taxes paid and capitalized   $ 29