XML 61 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities    
Net income $ 144 $ 67
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 181 172
Deferred income taxes and investment tax credit 87 42
Postretirement benefits expense 47 47
Other non-cash operating activities 19 19
Postretirement benefits contributions (68) (19)
Proceeds from government grant 69  
Cash provided by (used in) changes in assets and liabilities    
Decrease (increase) in accounts receivable, notes receivable, and accrued revenue (103) 99
Decrease (increase) in inventories 447 312
Increase (decrease) in accounts payable (44) (89)
Increase (decrease) in accrued expenses (101) (109)
Decrease (increase) in other current and non-current assets 47 94
Net cash provided by operating activities 725 635
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under capital lease) (274) (294)
Cost to retire property (9) (7)
Other investing activities (10) (12)
Net cash used in investing activities (293) (313)
Cash Flows from Financing Activities    
Proceeds from issuance of long-term debt 250 390
Proceeds from (retirements of) EnerBank notes, net (16) 15
Issuance of common stock 24 1
Retirement of long-term debt (10) (459)
Payment of common stock dividends (67) (62)
Increase (decrease) in notes payable (110)  
Payment of capital and finance lease obligations and other financing costs (10) (10)
Net cash provided by (used in) financing activities 61 (125)
Net Increase in Cash and Cash Equivalents 493 197
Cash and Cash Equivalents, Beginning of Period 93 161
Cash and Cash Equivalents, End of Period 586 358
Consumers Energy Company [Member]
   
Cash Flows from Operating Activities    
Net income 162 76
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 180 171
Deferred income taxes and investment tax credit 44 20
Postretirement benefits expense 47 46
Other non-cash operating activities 18 19
Postretirement benefits contributions (67) (18)
Proceeds from government grant 69  
Cash provided by (used in) changes in assets and liabilities    
Decrease (increase) in accounts receivable, notes receivable, and accrued revenue (102) 100
Decrease (increase) in inventories 442 302
Increase (decrease) in accounts payable (44) (74)
Increase (decrease) in accrued expenses (80) (69)
Decrease (increase) in other current and non-current assets 44 108
Net cash provided by operating activities 713 681
Cash Flows from Investing Activities    
Capital expenditures (excludes assets placed under capital lease) (273) (294)
Cost to retire property (9) (7)
Other investing activities (13) (11)
Net cash used in investing activities (295) (312)
Cash Flows from Financing Activities    
Retirement of long-term debt (10) (310)
Payment of common stock dividends (93) (115)
Stockholder contribution 150 150
Increase (decrease) in notes payable (110)  
Payment of capital and finance lease obligations and other financing costs (5) (6)
Net cash provided by (used in) financing activities (68) (281)
Net Increase in Cash and Cash Equivalents 350 88
Cash and Cash Equivalents, Beginning of Period 5 85
Cash and Cash Equivalents, End of Period $ 355 $ 173