CMS Energy Corporation (CMS)

CMS Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	7,354	7,462	8,596	7,329	6,418	6,624
Revenue Growth (YoY)	-13.54%	-13.19%	17.29%	14.19%	-3.11%	-3.62%
Cost of Revenue	4,366	4,600	5,834	4,680	3,788	4,189
Gross Profit	2,988	2,862	2,762	2,649	2,630	2,435
Other Operating Expenses	1,195	1,180	1,126	1,114	1,043	989
Operating Expenses	1,195	1,180	1,126	1,114	1,043	989
Operating Income	1,793	1,682	1,636	1,535	1,587	1,446
Interest Expense / Income	673	643	519	500	505	460
Other Expense / Income	-486	-442	-225	-802	-145	-156
Pretax Income	1,606	1,481	1,342	1,837	1,227	1,142
Income Tax	636	594	505	484	472	462
Net Income	970	887	837	1,353	755	680
Preferred Dividends	10	10	10	5	0	0
Net Income Common	960	877	827	1,348	755	680
Net Income Growth	41.59%	6.05%	-38.65%	78.54%	11.03%	3.50%
Shares Outstanding (Basic)	294	292	290	290	286	284
Shares Change	1.09%	0.52%	0.19%	1.17%	0.88%	0.18%
EPS (Basic)	3.28	3.01	2.85	4.66	2.65	2.40
EPS (Diluted)	3.28	3.01	2.85	4.66	2.64	2.39
EPS Growth	40.77%	5.61%	-38.84%	76.52%	10.46%	3.02%
Free Cash Flow	-990	-910	-1,519	-257	-977	-210
Free Cash Flow Per Share	-3.36	-3.12	-5.23	-0.89	-3.41	-0.74
Dividend Per Share	1.978	1.950	2.290	1.740	1.630	1.530
Dividend Growth	-14.63%	-14.85%	31.61%	6.75%	6.54%	7.07%
Gross Margin	40.63%	38.35%	32.13%	36.14%	40.98%	36.76%
Operating Margin	24.38%	22.54%	19.03%	20.94%	24.73%	21.83%
Profit Margin	13.05%	11.75%	9.62%	18.39%	11.76%	10.27%
Free Cash Flow Margin	-13.46%	-12.20%	-17.67%	-3.51%	-15.22%	-3.17%
Effective Tax Rate	39.60%	40.11%	37.63%	26.35%	38.47%	40.46%
EBITDA	3,474	3,304	2,987	3,451	2,775	2,591
EBITDA Margin	47.24%	44.28%	34.75%	47.09%	43.24%	39.12%
Depreciation & Amortization	1,195	1,180	1,126	1,114	1,043	989
EBIT	2,279	2,124	1,861	2,337	1,732	1,602
EBIT Margin	30.99%	28.46%	21.65%	31.89%	26.99%	24.18%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).