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CMS Energy – Company Information

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CMS Energy is an American company that focuses on providing electric, natural gas, and independent power generation.

The company is based in Jackson, Michigan.

It is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘CMS’.

CMS Energy conducts its business through its two main subsidiaries:

Consumers Energy: this segment provides electric and natural gas utility services to 6.6 million people in the state of Michigan – in all 68 Lower Peninsula counties of the state. Consumers has been active since 1886.

CMS Enterprises: this segment operates the non-utility businesses of CMS Energy. It is a prominent independent power generator, with ownership interest in seven generating plants in Michigan and North Carolina, fueled mostly by natural gas and biomass, including: Dearborn Industrial Generation, Filer City Station, Genesee Power Station, Grayling Generating Station, Kalamazoo River Generating Station, Livingston Generating Station, and Craven County Wood Energy.

CMS Energy was formed as a corporation in Michigan in 1987. It has reported operating revenue of $6.6 billion in 2013, $6.3 billion in 2012, and $6.5 billion in 2011.

Overview

CMS Energy logo

  • President and CEO: John G. Russell
  • Type: Public
  • Industry: Utility
  • Listed on the New York Stock Exchange (NYSE)
  • NYSE stock ticker symbol: CMS
  • S&P 500 Component
  • Revenue: $6.6 billion USD (2013)
  • Net income: $454 million USD (2013)
  • Diluted earnings per share: $1.66 USD (2013)
  • Employees: 7,781 (2013)
  • Corporate headquarters: One Energy Plaza, Jackson, Michigan 49201, USA
  • Corporate contact number: (517) 788-0550
  • Investor relations email address: [email protected]
  • Website: http://www.cmsenergy.com/

Operating data (in $ millions) 2013 2012
Operating Revenue $6,566 $6,253
Fuel for electric generation $621 $598
Purchased and interchange power $1,387 $1,364
Purchased power – related parties $90 $87
Cost of gas sold $1,228 $1,150
Maintenance and other operating expenses $1,236 $1,224
Depreciation and amortization $628 $598
General taxes $234 $229
Total operating expenses $5,424 $5,250
Income data (in $ millions)
Operating income $1,142 $1,003
Total other income $12 $8
Total interest charges $(398) $(389)
Income Before Income Taxes $756 $622
Income Tax Expense $302 $245
Income From Continuing Operations $454 $377
Income From Discontinued Operations, Net of Tax $7
Net income $454 $384
Net Income Available to Common Stockholders $452 $382
Balance sheet data (in $ millions)
Total assets $17,416 $17,131
Long-term debt $7,101 $6,710
Total equity $3,491 $3,238
Cash flow data (in $ millions)
Net cash provided by operating activities $1,421 $1,241
Net cash used in investing activities $(1,532) $(1,350)
Net cash used in financing activities $190 $41
Cash and cash equivalents at end of year $172 $93
Common share data (in $)
Basic earnings (loss) per common share $1.71 $1.46
Diluted earnings (loss) per common share $1.66 $1.42

Source: “CMS Energy 2013 Form 10-K Annual Report”