XML 62 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Revenue $ 6,583 $ 6,399 $ 6,456
Operating Expenses      
Fuel for electric generation 505 499 593
Purchased and interchange power 1,503 1,508 1,406
Purchased power - related parties 86 86 83
Cost of gas sold 750 710 961
Maintenance and other operating expenses 1,236 1,248 1,223
Depreciation and amortization 881 811 750
General taxes 284 281 262
Total operating expenses 5,245 5,143 5,278
Operating Income 1,338 1,256 1,178
Other Income (Expense)      
Interest income 12 6 12
Allowance for equity funds used during construction 5 12 10
Income from equity method investees [1] 15 13 14
Nonoperating retirement benefits, net 24 41 (15)
Other income 6 8 10
Other expense (76) (75) (17)
Total other income (expense) (14) 5 14
Interest Charges      
Interest on long-term debt 406 411 386
Other interest expense 34 29 14
Allowance for borrowed funds used during construction (2) (5) (4)
Total interest charges 438 435 396
Income Before Income Taxes 886 826 796
Income Tax Expense 424 273 271
Net Income 462 553 525
Income Attributable to Noncontrolling Interests 2 2 2
Net Income Available to Common Stockholders $ 460 $ 551 $ 523
Basic Earnings Per Average Common Share $ 1.64 $ 1.99 $ 1.90
Diluted Earnings Per Average Common Share $ 1.64 $ 1.98 $ 1.89
Consumers Energy Company [Member]      
Operating Revenue $ 6,222 $ 6,064 $ 6,165
Operating Expenses      
Fuel for electric generation 398 393 497
Purchased and interchange power 1,491 1,486 1,376
Purchased power - related parties 90 88 83
Cost of gas sold 730 693 939
Maintenance and other operating expenses 1,113 1,127 1,132
Depreciation and amortization 872 803 744
General taxes 276 277 255
Total operating expenses 4,970 4,867 5,026
Operating Income 1,252 1,197 1,139
Other Income (Expense)      
Interest income 9 4 11
Interest and dividend income - related parties 1 1 1
Allowance for equity funds used during construction 5 12 10
Nonoperating retirement benefits, net 21 37 (17)
Other income 17 8 19
Other expense (58) (55) (17)
Total other income (expense) (5) 7 7
Interest Charges      
Interest on long-term debt 263 261 252
Other interest expense 15 12 2
Allowance for borrowed funds used during construction (2) (5) (4)
Total interest charges 276 268 250
Income Before Income Taxes 971 936 896
Income Tax Expense 339 320 302
Net Income 632 616 594
Preferred Stock Dividends 2 2 2
Net Income Available to Common Stockholders $ 630 $ 614 $ 592
[1] Consumers had no significant equity method investments.