CMS Energy Corporation (ETR:CSG)
Germany · Delayed Price · Currency is EUR 61.50
+0.08 (0.13%)
At close: Aug 17, 2026
CMS Energy Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,026 | 1,071 | 1,003 | 887 | 837 | 1,353 |
Depreciation & Amortization | 1,150 | 1,106 | 1,046 | 1,055 | 995 | 979 |
Other Amortization | 200 | 200 | 194 | 125 | 131 | 135 |
Change in Accounts Receivable | -120 | -251 | -155 | 241 | -677 | -103 |
Change in Inventory | -96 | -28 | 164 | 185 | -450 | -93 |
Change in Accounts Payable | 36 | 196 | 15 | -136 | 4 | 153 |
Change in Other Net Operating Assets | 73 | 22 | 238 | 126 | 10 | -3 |
Other Operating Activities | -161 | -121 | -168 | -208 | -40 | 144 |
Net Cash from Discontinued Operations | - | - | - | - | -5 | -768 |
Operating Cash Flow | 2,148 | 2,235 | 2,370 | 2,309 | 855 | 1,819 |
Operating Cash Flow Growth | 1.27% | -5.70% | 2.64% | 170.06% | -53.00% | 42.55% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -4,058 | -3,824 | -3,018 | -3,219 | -2,374 | -2,076 |
Divestitures | - | - | 124 | - | - | - |
Contributions to Nuclear Demissioning Trust | -193 | -214 | -160 | -167 | -107 | -133 |
Other Investing Activities | - | - | - | - | 5 | 976 |
Investing Cash Flow | -4,251 | -4,038 | -3,054 | -3,386 | -2,476 | -1,233 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | 73 | 20 | - |
Long-Term Debt Issued | - | 3,609 | 1,962 | 3,551 | 1,899 | 335 |
Total Debt Issued | 2,327 | 3,609 | 1,962 | 3,624 | 1,919 | 335 |
Short-Term Debt Repaid | - | -65 | -28 | - | - | - |
Long-Term Debt Repaid | - | -1,150 | -952 | -2,132 | -106 | -235 |
Total Debt Repaid | -1,192 | -1,215 | -980 | -2,132 | -106 | -235 |
Net Debt Issued (Repaid) | 1,135 | 2,394 | 982 | 1,492 | 1,813 | 100 |
Issuance of Common Stock | 1,036 | 525 | 286 | 192 | 69 | 26 |
Common Dividends Paid | -680 | -653 | -616 | -569 | -534 | - |
Preferred Dividends Paid | -10 | -10 | -10 | -10 | -10 | - |
Dividends Paid | -690 | -663 | -626 | -579 | -544 | -508 |
Other Financing Activities | 42 | -16 | -28 | 38 | -11 | -137 |
Financing Cash Flow | 1,523 | 2,240 | 614 | 1,143 | 1,327 | -295 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -580 | 437 | -70 | 66 | -294 | 291 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -1,910 | -1,589 | -648 | -910 | -1,519 | -257 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -21.67% | -18.61% | -8.62% | -12.20% | -17.67% | -3.51% |
Free Cash Flow Per Share | -6.24 | -5.28 | -2.17 | -3.12 | -5.24 | -0.89 |
Levered Free Cash Flow | -2,199 | -1,748 | -804.75 | -917.38 | -1,706 | -895 |
Unlevered Free Cash Flow | -1,670 | -1,242 | -351 | -513.63 | -1,380 | -580.63 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 741 | 741 | 677 | 607 | 490 | 489 |
Cash Income Tax Paid | - | -20 | -69 | 15 | 1 | 16 |
Change in Working Capital | -107 | -61 | 262 | 416 | -1,113 | -46 |