v3.25.2
Consumers Energy Company 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        
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 201 198 505 485
Preferred Stock Dividends 3 3 5 5
Net Income (Loss) Available to Common Stockholders 198 195 500 480
Related Party        
Interest Charges        
Other interest expense 3 3 6 6
Nonrelated Party        
Interest Charges        
Other interest expense 0 5   7
Consumers Energy Company        
Operating Revenue 1,746 1,533 4,094 3,630
Operating Expenses        
Fuel for electric generation 113 91 306 216
Purchased and interchange power 394 337 729 643
Purchased power – related parties 30 16 48 34
Cost of gas sold 123 66 505 416
Maintenance and other operating expenses 376 377 749 755
Depreciation and amortization 276 261 651 617
General taxes 106 99 265 251
Total operating expenses 1,418 1,247 3,253 2,932
Operating Income 328 286 841 698
Other Income (Expense)        
Non-operating retirement benefits, net 45 38 84 79
Other income 19 26 29 43
Other expense (4) (5) (7) (7)
Total other income 60 59 106 115
Interest Charges        
Interest on long-term debt 131 120 253 241
Allowance for borrowed funds used during construction (3) (4) (5) (4)
Total interest charges 141 126 271 255
Income (Loss) Before Income Taxes 247 219 676 558
Income Tax Expense 59 41 142 105
Net Income 188 178 534 453
Preferred Stock Dividends 1 1 1 1
Net Income (Loss) Available to Common Stockholders 187 177 533 452
Consumers Energy Company | Related Party        
Interest Charges        
Other interest expense 10 7 20 13
Consumers Energy Company | Nonrelated Party        
Interest Charges        
Other interest expense $ 3 $ 3 $ 3 $ 5