CMS Energy Corporation (CMS)
NYSE: CMS · Real-Time Price · USD
75.92
-0.13 (-0.17%)
At close: Apr 28, 2026, 4:00 PM EDT
77.35
+1.43 (1.88%)
After-hours: Apr 28, 2026, 7:18 PM EDT
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 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
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 | 2020 - 2016 |
| Net Income | 1,107 | 1,071 | 1,003 | 887 | 837 | 1,353 | Upgrade
|
| Depreciation & Amortization | 1,106 | 1,106 | 1,046 | 1,055 | 995 | 979 | Upgrade
|
| Other Amortization | 200 | 200 | 194 | 125 | 131 | 135 | Upgrade
|
| Change in Accounts Receivable | -251 | -251 | -155 | 241 | -677 | -103 | Upgrade
|
| Change in Inventory | -28 | -28 | 164 | 185 | -450 | -93 | Upgrade
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| Change in Accounts Payable | 196 | 196 | 15 | -136 | 4 | 153 | Upgrade
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| Change in Other Net Operating Assets | 22 | 22 | 238 | 126 | 10 | -3 | Upgrade
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| Other Operating Activities | -452 | -121 | -168 | -208 | -40 | 144 | Upgrade
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| Net Cash from Discontinued Operations | - | - | - | - | -5 | -768 | Upgrade
|
| Operating Cash Flow | 1,940 | 2,235 | 2,370 | 2,309 | 855 | 1,819 | Upgrade
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| Operating Cash Flow Growth | -19.63% | -5.70% | 2.64% | 170.06% | -53.00% | 42.55% | Upgrade
|
| Capital Expenditures | -3,824 | -3,824 | -3,018 | -3,219 | -2,374 | -2,076 | Upgrade
|
| Divestitures | - | - | 124 | - | - | - | Upgrade
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| Contributions to Nuclear Demissioning Trust | -214 | -214 | -160 | -167 | -107 | -133 | Upgrade
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| Other Investing Activities | -155 | - | - | - | 5 | 976 | Upgrade
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| Investing Cash Flow | -4,193 | -4,038 | -3,054 | -3,386 | -2,476 | -1,233 | Upgrade
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| Short-Term Debt Issued | - | - | - | 73 | 20 | - | Upgrade
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| Long-Term Debt Issued | - | 3,609 | 1,962 | 3,551 | 1,899 | 335 | Upgrade
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| Total Debt Issued | 3,609 | 3,609 | 1,962 | 3,624 | 1,919 | 335 | Upgrade
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| Short-Term Debt Repaid | - | -65 | -28 | - | - | - | Upgrade
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| Long-Term Debt Repaid | - | -1,150 | -952 | -2,132 | -106 | -235 | Upgrade
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| Total Debt Repaid | -1,215 | -1,215 | -980 | -2,132 | -106 | -235 | Upgrade
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| Net Debt Issued (Repaid) | 2,394 | 2,394 | 982 | 1,492 | 1,813 | 100 | Upgrade
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| Issuance of Common Stock | 525 | 525 | 286 | 192 | 69 | 26 | Upgrade
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| Common Dividends Paid | -653 | -653 | -616 | -569 | -534 | - | Upgrade
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| Preferred Dividends Paid | -10 | -10 | -10 | -10 | -10 | - | Upgrade
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| Dividends Paid | -663 | -663 | -626 | -579 | -544 | -508 | Upgrade
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| Other Financing Activities | -266 | -16 | -28 | 38 | -11 | -137 | Upgrade
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| Financing Cash Flow | 1,990 | 2,240 | 614 | 1,143 | 1,327 | -295 | Upgrade
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| Net Cash Flow | -263 | 437 | -70 | 66 | -294 | 291 | Upgrade
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| Free Cash Flow | -1,884 | -1,589 | -648 | -910 | -1,519 | -257 | Upgrade
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| Free Cash Flow Margin | -21.36% | -18.61% | -8.62% | -12.20% | -17.67% | -3.51% | Upgrade
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| Free Cash Flow Per Share | -6.22 | -5.28 | -2.17 | -3.12 | -5.24 | -0.89 | Upgrade
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| Cash Interest Paid | 741 | 741 | 677 | 607 | 490 | 489 | Upgrade
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| Cash Income Tax Paid | - | -20 | -69 | 15 | 1 | 16 | Upgrade
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| Levered Free Cash Flow | -2,032 | -1,742 | -804.75 | -917.38 | -1,706 | -895 | Upgrade
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| Unlevered Free Cash Flow | -1,521 | -1,242 | -351 | -513.63 | -1,380 | -580.63 | Upgrade
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| Change in Working Capital | -61 | -61 | 262 | 416 | -1,113 | -46 | Upgrade
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Source: S&P Capital IQ. Utility template. Financial Sources.