CMS Energy Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

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 & Equivalents	345	612	181	248	182	476
Cash & Short-Term Investments	345	612	181	248	182	476
Cash Growth	-62.70%	238.12%	-27.02%	36.26%	-61.77%	871.43%
Accounts Receivable	1,023	1,323	1,063	944	1,580	943
Inventory	824	791	769	938	1,117	667
Short-Term Regulatory Assets	81	104	229	203	57	46
Other Current Assets	593	639	551	506	497	495
Total Current Assets	2,866	3,472	2,790	2,839	3,433	2,627
Net Property, Plant & Equipment	-	30,680	27,461	25,072	22,713	22,352
Long-Term Investments	63	61	69	76	71	71
Long-Term Regulatory Assets	3,274	3,355	3,569	3,683	3,595	2,259
Other Long-Term Assets	2,373	2,373	2,031	1,847	1,541	1,444
Total Assets	40,905	39,941	35,920	33,517	31,353	28,753
Accounts Payable	1,229	1,404	1,093	809	936	886
Accrued Expenses	681	918	848	808	660	634
Short-Term Debt	-	-	65	93	20	-
Current Portion of Long-Term Debt	870	956	1,195	980	1,099	382
Short-Term Regulatory Liabilities	96	85	111	56	104	146
Other Current Liabilities	187	185	209	149	166	156
Total Current Liabilities	3,063	3,548	3,521	2,895	2,985	2,204
Long-Term Debt	18,172	17,807	15,194	14,508	13,122	12,046
Long-Term Leases	259	135	112	62	68	46
Long-Term Regulatory Liabilities	4,152	4,091	4,067	3,894	3,796	3,802
Other Long-Term Liabilities	4,860	4,649	4,278	4,033	3,787	3,467
Total Long-Term Liabilities	27,443	26,682	23,651	22,497	20,773	19,361
Total Liabilities	30,506	30,230	27,172	25,392	23,758	21,565
Common Stock	3	3	3	3	3	3
Additional Paid-in Capital	7,036	6,510	6,009	5,705	5,490	5,406
Accumulated Other Comprehensive Income	-35	-36	-41	-46	-52	-59
Retained Earnings	2,546	2,443	2,035	1,658	1,350	1,057
Total Common Shareholders' Equity	9,550	8,920	8,006	7,320	6,791	6,407
Minority Interest	849	791	742	805	804	781
Shareholders' Equity	10,399	9,711	8,748	8,125	7,595	7,188
Total Liabilities & Equity	40,905	39,941	35,920	33,517	31,353	28,753
Total Debt	19,301	18,898	16,566	15,643	14,309	12,474
Net Cash (Debt)	-18,956	-18,286	-16,385	-15,395	-14,127	-11,998
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-61.94	-60.75	-54.93	-52.78	-48.71	-41.44
Book Value	9,550	8,920	8,006	7,320	6,791	6,407
Book Value Per Share	31.21	29.63	26.84	25.09	23.42	22.13
Tangible Book Value	9,550	8,920	8,006	7,320	6,791	6,407
Tangible Book Value Per Share	31.21	29.63	26.84	25.09	23.42	22.13

SEC Filings: 10-K · 10-Q