v3.25.2
CMS Energy Corporation Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenue $ 1,838 $ 1,607 $ 4,285 $ 3,783
Operating Expenses        
Fuel for electric generation 134 114 351 270
Purchased power – related parties 30 16 48 34
Maintenance and other operating expenses 397 404 802 806
Depreciation and amortization 288 273 676 641
General taxes 109 102 271 257
Total operating expenses 1,521 1,324 3,474 3,088
Operating Income 317 283 811 695
Other Income (Expense)        
Non-operating retirement benefits, net 47 41 89 85
Other income 95 77 109 121
Other expense (5) (5) (11) (7)
Total other income 137 113 187 199
Interest Charges        
Interest on long-term debt 199 171 386 343
Allowance for borrowed funds used during construction (3) (6) (6) (6)
Total interest charges 199 173 385 350
Income (Loss) Before Income Taxes 255 223 613 544
Income Tax Expense 62 41 125 99
Net Income 193 182 488 445
Loss Attributable to Noncontrolling Interests (8) (16) (17) (40)
Net Income 201 198 505 485
Preferred Stock Dividends 3 3 5 5
Net Income (Loss) Available to Common Stockholders $ 198 $ 195 $ 500 $ 480
Basic Earnings Per Average Common Share (in dollars per share) $ 0.67 $ 0.65 $ 1.68 $ 1.61
Diluted Earnings Per Average Common Share (in dollars per share) $ 0.66 $ 0.65 $ 1.67 $ 1.61
Related Party        
Interest Charges        
Other interest expense $ 3 $ 3 $ 6 $ 6
Nonrelated Party        
Interest Charges        
Other interest expense 0 5   7
Other interest expense     (1)  
Purchased and interchange power        
Operating Expenses        
Cost of goods and services sold 439 349 819 663
Cost of gas sold        
Operating Expenses        
Cost of goods and services sold $ 124 $ 66 $ 507 $ 417