CMS Energy Cash Flow Statement

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	Mar '26 Mar 31, 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	984	1,002	947	808	813	1,330
Depreciation & Amortization	1,330	1,306	1,240	1,180	1,126	1,114
Other Adjustments	-23	-12	-79	-95	29	-579
Change in Receivables	-270	-251	-155	241	-677	-103
Changes in Inventories	-70	-28	164	185	-450	-93
Changes in Accounts Payable	46	196	15	-136	4	153
Changes in Other Operating Activities	-81	22	238	126	10	-3
Operating Cash Flow	1,940	2,235	2,370	2,309	855	1,819
Operating Cash Flow Growth	-19.63%	-5.70%	2.64%	170.06%	-53.00%	42.55%
Capital Expenditures	-3,975	-3,824	-3,018	-2,407	-2,374	-2,076
Payments for Business Acquisitions	-	-	-	-812	-	-
Proceeds from Business Divestments	-	-	124	-	5	898
Other Investing Activities	-218	-214	-160	-167	-107	-55
Investing Cash Flow	-4,193	-4,038	-3,054	-3,386	-2,476	-1,233
Net Short-Term Debt Issued (Repaid)	-	-65	-28	73	20	-
Long-Term Debt Issued	2,667	3,609	1,962	3,551	1,899	335
Long-Term Debt Repaid	-637	-1,150	-952	-2,132	-106	-235
Net Long-Term Debt Issued (Repaid)	2,030	2,459	1,010	1,419	1,793	100
Issuance of Common Stock	688	525	286	192	69	26
Net Common Stock Issued (Repurchased)	688	525	286	192	69	26
Issuance of Preferred Stock	-	-	-	-	-	224
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-	224
Common Dividends Paid	-675	-663	-626	-579	-544	-508
Other Financing Activities	-58	-16	-28	38	-11	-137
Financing Cash Flow	1,990	2,240	614	1,143	1,327	-295
Net Cash Flow	-169	437	-70	66	-294	291
Free Cash Flow	-2,035	-1,589	-648	-98	-1,519	-257
FCF Margin	-23.07%	-18.61%	-8.62%	-1.31%	-17.67%	-3.51%
Free Cash Flow Per Share	-6.71	-5.28	-2.17	-0.34	-5.24	-0.89
Levered Free Cash Flow	377	1,127	614	1,317	956	543
Unlevered Free Cash Flow	-1,396	-941.42	-107.05	-7.3	-586.2	108.72

SEC Filings: 10-K · 10-Q