CMS Energy Corporation (CMS)

CMS Energy Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	263	612	181	248	182	476
Cash & Short-Term Investments	263	612	181	248	182	476
Cash Growth	-50.00%	238.12%	-27.02%	36.26%	-61.77%	871.43%
Accounts Receivable	1,416	1,323	1,063	944	1,580	943
Inventory	642	791	769	938	1,117	667
Short-Term Regulatory Assets	94	104	229	203	57	46
Other Current Assets	610	639	551	506	497	495
Total Current Assets	3,025	3,472	2,790	2,839	3,433	2,627
Net Property, Plant & Equipment	31,533	30,680	27,461	25,072	22,713	22,352
Long-Term Investments	65	61	69	76	71	71
Long-Term Regulatory Assets	3,298	3,355	3,569	3,683	3,595	2,259
Other Long-Term Assets	2,364	2,373	2,031	1,847	1,541	1,444
Total Assets	40,285	39,941	35,920	33,517	31,353	28,753
Accounts Payable	1,238	1,404	1,093	809	936	886
Accrued Expenses	723	918	848	808	660	634
Short-Term Debt	-	-	65	93	20	-
Current Portion of Long-Term Debt	1,360	956	1,195	980	1,099	382
Short-Term Regulatory Liabilities	87	85	111	56	104	146
Other Current Liabilities	184	185	209	149	166	156
Total Current Liabilities	3,592	3,548	3,521	2,895	2,985	2,204
Long-Term Debt	17,456	17,807	15,194	14,508	13,122	12,046
Long-Term Leases	262	135	112	62	68	46
Long-Term Regulatory Liabilities	4,154	4,091	4,067	3,894	3,796	3,802
Other Long-Term Liabilities	4,770	4,649	4,278	4,033	3,787	3,467
Total Long-Term Liabilities	26,642	26,682	23,651	22,497	20,773	19,361
Total Liabilities	30,234	30,230	27,172	25,392	23,758	21,565
Common Stock	3	3	3	3	3	3
Additional Paid-in Capital	6,669	6,510	6,009	5,705	5,490	5,406
Accumulated Other Comprehensive Income	-35	-36	-41	-46	-52	-59
Retained Earnings	2,605	2,443	2,035	1,658	1,350	1,057
Total Common Shareholders' Equity	9,242	8,920	8,006	7,320	6,791	6,407
Minority Interest	809	791	742	805	804	781
Shareholders' Equity	10,051	9,711	8,748	8,125	7,595	7,188
Total Liabilities & Equity	40,285	39,941	35,920	33,517	31,353	28,753
Total Debt	19,078	18,898	16,566	15,643	14,309	12,474
Net Cash (Debt)	-18,815	-18,286	-16,385	-15,395	-14,127	-11,998
Net Cash Per Share	-62.08	-60.75	-54.93	-52.78	-48.71	-41.44
Book Value	9,242	8,920	8,006	7,320	6,791	6,407
Book Value Per Share	30.49	29.63	26.84	25.09	23.42	22.13
Tangible Book Value	9,242	8,920	8,006	7,320	6,791	6,407
Tangible Book Value Per Share	30.49	29.63	26.84	25.09	23.42	22.13

Updated Apr 28, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q