Cash Flows from Operating Activities | |
Net income | 475M |
Adjustments to reconcile net income to net cash provided by operating activities | |
Depreciation and amortization | 597M |
Deferred income taxes and investment tax credit | 219M |
Postretirement benefits expense | |
Other non-cash operating activities | |
Postretirement benefits contributions | |
Proceeds from government grant | |
Cash provided by (used in) changes in assets and liabilities | |
Decrease (increase) in accounts receivable, notes receivable, and accrued revenue | 51M |
Decrease (increase) in inventories | 35M |
Increase (decrease) in accounts payable | |
Increase (decrease) in accrued expenses | |
Other current and non-current assets and liabilities | -166M |
Net cash provided by operating activities | |
Cash Flows from Investing Activities | |
Capital expenditures (excludes assets placed under capital lease) | -1.22B |
Cost to retire property | |
Other investing activities | -94M |
Net cash used in investing activities | |
Cash Flows from Financing Activities | |
Proceeds from issuance of long-term debt | 775M |
Proceeds from (retirements of) EnerBank notes, net | 64M |
Issuance of common stock | 69M |
Retirement of long-term debt | -215M |
Payment of common stock dividends | |
Increase (decrease) in notes payable | |
Payment of capital lease obligations and other financing costs | |
Net cash provided by (used in) financing activities | |
Net Increase in Cash and Cash Equivalents | 73M |
Cash and Cash Equivalents, Beginning of Period | 266M |
Cash and Cash Equivalents, End of Period | 339M |
Consumers Energy Company [Member] | |
Cash Flows from Operating Activities | |
Net income | 499M |
Adjustments to reconcile net income to net cash provided by operating activities | |
Depreciation and amortization | 592M |
Deferred income taxes and investment tax credit | 220M |
Postretirement benefits expense | |
Other non-cash operating activities | |
Postretirement benefits contributions | |
Proceeds from government grant | |
Cash provided by (used in) changes in assets and liabilities | |
Decrease (increase) in accounts receivable, notes receivable, and accrued revenue | 72M |
Decrease (increase) in inventories | 35M |
Increase (decrease) in accounts payable | |
Increase (decrease) in accrued expenses | |
Other current and non-current assets and liabilities | -144M |
Net cash provided by operating activities | |
Cash Flows from Investing Activities | |
Capital expenditures (excludes assets placed under capital lease) | -1.21B |
Cost to retire property | |
Other investing activities | -95M |
Net cash used in investing activities | |
Cash Flows from Financing Activities | |
Proceeds from issuance of long-term debt | 446M |
Retirement of long-term debt | -185M |
Payment of common stock dividends | |
Stockholder contribution | 275M |
Increase (decrease) in notes payable | |
Payment of capital lease obligations and other financing costs | |
Net cash provided by (used in) financing activities | |
Net Increase in Cash and Cash Equivalents | -29M |
Cash and Cash Equivalents, Beginning of Period | 50M |
Cash and Cash Equivalents, End of Period | 21M |