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Consumers Energy Company Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Revenue $ 7,329 $ 6,418 $ 6,624
Operating Expenses      
Operating Income 1,146 1,230 1,115
Other Income (Expense)      
Interest income 3 4 7
Interest income – related parties 0 7 0
Allowance for equity funds used during construction 8 6 10
Non-operating retirement benefits, net 165 118 91
Other income 9 6 4
Other expense (18) (62) (13)
Total other income 177 84 109
Interest Charges      
Interest on long-term debt 481 483 439
Interest expense – related parties 12 12 9
Other interest expense 10 12 16
Allowance for borrowed funds used during construction (3) (2) (4)
Total interest charges 500 505 460
Income Before Income Taxes 823 809 764
Income Tax Expense 95 115 131
Net Income Attributable to CMS Energy 1,353 755 680
Preferred Stock Dividends 5 0 0
Net Income Available to Common Stockholders 1,348 755 680
Consumers Energy Company      
Operating Revenue 7,021 6,189 6,376
Operating Expenses      
Fuel for electric generation 463 286 375
Purchased and interchange power 1,599 1,454 1,470
Purchased power – related parties 77 64 75
Cost of gas sold 726 568 754
Maintenance and other operating expenses 1,531 1,224 1,275
Depreciation and amortization 1,077 1,023 975
General taxes 373 349 322
Total operating expenses 5,846 4,968 5,246
Operating Income 1,175 1,221 1,130
Other Income (Expense)      
Interest income 2 3 5
Interest income – related parties 5 5 5
Allowance for equity funds used during construction 8 6 10
Non-operating retirement benefits, net 155 112 85
Other income 8 5 3
Other expense (18) (43) (13)
Total other income 160 88 95
Interest Charges      
Interest on long-term debt 294 299 277
Interest expense – related parties 12 12 9
Other interest expense 8 11 15
Allowance for borrowed funds used during construction (3) (2) (4)
Total interest charges 311 320 297
Income Before Income Taxes 1,024 989 928
Income Tax Expense 156 173 185
Net Income Attributable to CMS Energy 868 816 743
Preferred Stock Dividends 2 2 2
Net Income Available to Common Stockholders $ 866 $ 814 $ 741