CMS Energy Corporation (CMS)

CMS Energy Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,020	1,003	887	837	1,353	755
Depreciation & Amortization	1,066	1,046	1,055	995	979	905
Other Amortization	194	194	125	131	135	138
Change in Accounts Receivable	-187	-155	241	-677	-103	-5
Change in Inventory	95	164	185	-450	-93	28
Change in Accounts Payable	97	15	-136	4	153	56
Change in Other Net Operating Assets	250	238	126	10	-3	-104
Other Operating Activities	-154	-168	-208	-40	144	-560
Net Cash from Discontinued Operations	-	-	-	-5	-768	33
Operating Cash Flow	2,414	2,370	2,309	855	1,819	1,276
Operating Cash Flow Growth	8.49%	2.64%	170.06%	-53.00%	42.55%	-28.72%
Capital Expenditures	-3,293	-3,018	-3,219	-2,374	-2,076	-2,311
Sale of Property, Plant & Equipment	-	-	-	-	-	58
Divestitures	124	124	-	-	-	-
Contributions to Nuclear Demissioning Trust	-166	-160	-167	-107	-133	-129
Other Investing Activities	-	-	-	5	976	-485
Investing Cash Flow	-3,335	-3,054	-3,386	-2,476	-1,233	-2,867
Short-Term Debt Issued	-	-	73	20	-	-
Long-Term Debt Issued	-	1,962	3,551	1,899	335	3,179
Total Debt Issued	2,563	1,962	3,624	1,919	335	3,179
Short-Term Debt Repaid	-	-28	-	-	-	-90
Long-Term Debt Repaid	-	-952	-2,132	-106	-235	-2,010
Total Debt Repaid	-1,350	-980	-2,132	-106	-235	-2,100
Net Debt Issued (Repaid)	1,213	982	1,492	1,813	100	1,079
Issuance of Common Stock	17	286	192	69	26	253
Common Dividends Paid	-626	-616	-569	-534	-	-465
Preferred Dividends Paid	-10	-10	-10	-10	-	-
Dividends Paid	-636	-626	-579	-544	-508	-465
Other Financing Activities	-8	-28	38	-11	-137	752
Financing Cash Flow	586	614	1,143	1,327	-295	1,619
Net Cash Flow	-335	-70	66	-294	291	28
Free Cash Flow	-879	-648	-910	-1,519	-257	-1,035
Free Cash Flow Margin	-11.29%	-8.62%	-12.20%	-17.67%	-3.51%	-16.13%
Free Cash Flow Per Share	-2.94	-2.17	-3.12	-5.24	-0.89	-3.62
Cash Interest Paid	677	677	607	490	489	549
Cash Income Tax Paid	-	-69	15	1	16	-58
Levered Free Cash Flow	-1,015	-804.75	-917.38	-1,706	-895	88.63
Unlevered Free Cash Flow	-552	-351	-513.63	-1,380	-580.63	405.5
Change in Net Working Capital	-369	-365	-613	1,051	460	-820

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

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