|
Consolidated Statements Of Income (USD $) In Millions, except Per Share data, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
| Operating Revenue |
$ 1,445 |
$ 1,507 |
$ 4,830 |
$ 4,583 |
| Operating Expenses |
|
|
|
|
| Fuel for electric generation |
165 |
190 |
466 |
446 |
| Purchased and interchange power |
383 |
386 |
1,063 |
1,037 |
| Purchased power - related parties |
21 |
23 |
67 |
65 |
| Cost of gas sold |
76 |
80 |
849 |
763 |
| Maintenance and other operating expenses |
285 |
295 |
871 |
872 |
| Depreciation and amortization |
145 |
138 |
463 |
440 |
| General taxes |
54 |
53 |
174 |
170 |
| Gain on asset sales, net |
(1) |
(1) |
(1) |
(1) |
| Total operating expenses |
1,128 |
1,164 |
3,952 |
3,792 |
| Operating Income |
317 |
343 |
878 |
791 |
| Other Income (Expense) |
|
|
|
|
| Interest income |
1 |
1 |
3 |
3 |
| Allowance for equity funds used during construction |
1 |
2 |
5 |
6 |
| Income from equity method investees |
3 |
5 |
11 |
13 |
| Other income |
2 |
3 |
7 |
9 |
| Other expense |
(7) |
(11) |
(13) |
(16) |
| Total other income (expense) |
|
|
13 |
15 |
| Interest Charges |
|
|
|
|
| Interest on long-term debt |
96 |
92 |
289 |
280 |
| Other interest expense |
3 |
5 |
12 |
16 |
| Allowance for borrowed funds used during construction |
|
(1) |
(2) |
(3) |
| Total interest charges |
99 |
96 |
299 |
293 |
| Income Before Income Taxes |
218 |
247 |
592 |
513 |
| Income Tax Expense |
91 |
98 |
240 |
203 |
| Income From Continuing Operations |
127 |
149 |
352 |
310 |
| Income From Discontinued Operations, Net |
|
|
|
7 |
| Net Income |
127 |
149 |
352 |
317 |
| Income Attributable to Noncontrolling Interests |
1 |
1 |
2 |
2 |
| Net Income Attributable to Common Stockholders |
|
|
|
|
| Amounts attributable to continuing operations |
126 |
148 |
350 |
308 |
| Amounts attributable to discontinued operations |
|
|
|
7 |
| Net Income Available to Common Stockholders |
126 |
148 |
350 |
315 |
| Income Attributable to Noncontrolling Interests |
|
|
|
|
| Amounts attributable to continuing operations |
1 |
1 |
2 |
2 |
| Amounts attributable to discontinued operations |
|
|
|
|
| Income attributable to noncontrolling interests |
1 |
1 |
2 |
2 |
| Basic Earnings Per Average Common Share |
|
|
|
|
| Basic earnings from continuing operations |
$ 0.48 |
$ 0.56 |
$ 1.32 |
$ 1.18 |
| Basic earnings from discontinued operations |
|
|
|
$ 0.03 |
| Basic earnings attributable to common stock |
$ 0.48 |
$ 0.56 |
$ 1.32 |
$ 1.21 |
| Diluted Earnings Per Average Common Share |
|
|
|
|
| Diluted earnings from continuing operations |
$ 0.46 |
$ 0.55 |
$ 1.29 |
$ 1.14 |
| Diluted earnings from discontinued operations |
|
|
|
$ 0.03 |
| Diluted earnings attributable to common stock |
$ 0.46 |
$ 0.55 |
$ 1.29 |
$ 1.17 |
| Dividends Declared Per Common Share |
$ 0.255 |
$ 0.24 |
$ 0.765 |
$ 0.72 |
|
Consumers Energy Company [Member]
|
|
|
|
|
| Operating Revenue |
1,386 |
1,448 |
4,647 |
4,405 |
| Operating Expenses |
|
|
|
|
| Fuel for electric generation |
148 |
166 |
406 |
382 |
| Purchased and interchange power |
374 |
379 |
1,043 |
1,019 |
| Purchased power - related parties |
21 |
23 |
67 |
65 |
| Cost of gas sold |
64 |
74 |
818 |
734 |
| Maintenance and other operating expenses |
270 |
284 |
825 |
827 |
| Depreciation and amortization |
143 |
137 |
459 |
436 |
| General taxes |
53 |
51 |
170 |
165 |
| Gain on asset sales, net |
(1) |
|
(1) |
|
| Total operating expenses |
1,072 |
1,114 |
3,787 |
3,628 |
| Operating Income |
314 |
334 |
860 |
777 |
| Other Income (Expense) |
|
|
|
|
| Interest income |
|
|
2 |
2 |
| Interest and dividend income - related parties |
1 |
1 |
1 |
1 |
| Allowance for equity funds used during construction |
1 |
2 |
5 |
6 |
| Other income |
2 |
3 |
11 |
14 |
| Other expense |
(3) |
(11) |
(9) |
(16) |
| Total other income (expense) |
1 |
(5) |
10 |
7 |
| Interest Charges |
|
|
|
|
| Interest on long-term debt |
58 |
56 |
177 |
175 |
| Other interest expense |
2 |
4 |
8 |
12 |
| Allowance for borrowed funds used during construction |
|
(1) |
(2) |
(3) |
| Total interest charges |
60 |
59 |
183 |
184 |
| Income Before Income Taxes |
255 |
270 |
687 |
600 |
| Income Tax Expense |
102 |
107 |
272 |
239 |
| Net Income |
153 |
163 |
415 |
361 |
| Preferred Stock Dividends and Distribution |
1 |
1 |
2 |
2 |
| Net Income Attributable to Common Stockholders |
|
|
|
|
| Net Income Available to Common Stockholders |
$ 152 |
$ 162 |
$ 413 |
$ 359 |