|
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
|
9 Months Ended |
|
Sep. 30, 2013
|
Sep. 30, 2012
|
| Cash Flows from Operating Activities |
|
|
| Net income |
$ 352 |
$ 317 |
| Adjustments to reconcile net income to net cash provided by operating activities |
|
|
| Depreciation and amortization |
463 |
440 |
| Deferred income taxes and investment tax credit |
213 |
193 |
| Postretirement benefits expense |
120 |
141 |
| Other non-cash operating activities |
59 |
51 |
| Postretirement benefits contributions |
(109) |
(54) |
| Proceeds from government grant |
69 |
|
| Cash provided by (used in) changes in assets and liabilities |
|
|
| Decrease (increase) in accounts receivable, notes receivable, and accrued revenue |
134 |
99 |
| Decrease (increase) in inventories |
(6) |
(83) |
| Decrease in deferred property taxes |
140 |
140 |
| Increase (decrease) in accounts payable |
(3) |
(16) |
| Increase (decrease) in accrued expenses |
(230) |
(251) |
| Other current and non-current assets and liabilities |
(84) |
(43) |
| Net cash provided by operating activities |
1,118 |
934 |
| Cash Flows from Investing Activities |
|
|
| Capital expenditures (excludes assets placed under capital lease) |
(900) |
(861) |
| Cost to retire property |
(38) |
(32) |
| Other investing activities |
(66) |
(45) |
| Net cash used in investing activities |
(1,004) |
(938) |
| Cash Flows from Financing Activities |
|
|
| Proceeds from issuance of long-term debt |
1,025 |
1,300 |
| Proceeds from (retirements of) EnerBank notes, net |
48 |
25 |
| Issuance of common stock |
32 |
27 |
| Retirement of long-term debt |
(705) |
(1,166) |
| Payment of common stock dividends |
(203) |
(188) |
| Redemption of preferred stock |
(7) |
|
| Increase (decrease) in notes payable |
(110) |
|
| Payment of capital lease obligations and other financing costs |
(27) |
(27) |
| Net cash provided by (used in) financing activities |
53 |
(29) |
| Net Increase (Decrease) in Cash and Cash Equivalents |
167 |
(33) |
| Cash and Cash Equivalents, Beginning of Period |
93 |
161 |
| Cash and Cash Equivalents, End of Period |
260 |
128 |
|
Consumers Energy Company [Member]
|
|
|
| Cash Flows from Operating Activities |
|
|
| Net income |
415 |
361 |
| Adjustments to reconcile net income to net cash provided by operating activities |
|
|
| Depreciation and amortization |
459 |
436 |
| Deferred income taxes and investment tax credit |
141 |
92 |
| Postretirement benefits expense |
117 |
138 |
| Other non-cash operating activities |
52 |
46 |
| Postretirement benefits contributions |
(106) |
(51) |
| Proceeds from government grant |
69 |
|
| Cash provided by (used in) changes in assets and liabilities |
|
|
| Decrease (increase) in accounts receivable, notes receivable, and accrued revenue |
135 |
98 |
| Decrease (increase) in inventories |
(5) |
(81) |
| Decrease in deferred property taxes |
140 |
140 |
| Increase (decrease) in accounts payable |
7 |
(4) |
| Increase (decrease) in accrued expenses |
(205) |
(143) |
| Other current and non-current assets and liabilities |
(85) |
(7) |
| Net cash provided by operating activities |
1,134 |
1,025 |
| Cash Flows from Investing Activities |
|
|
| Capital expenditures (excludes assets placed under capital lease) |
(895) |
(857) |
| Cost to retire property |
(38) |
(32) |
| Other investing activities |
(12) |
(11) |
| Net cash used in investing activities |
(945) |
(900) |
| Cash Flows from Financing Activities |
|
|
| Proceeds from issuance of long-term debt |
750 |
725 |
| Retirement of long-term debt |
(455) |
(703) |
| Payment of common stock dividends |
(302) |
(304) |
| Stockholder contribution |
150 |
150 |
| Redemption of preferred stock |
(7) |
|
| Increase (decrease) in notes payable |
(110) |
|
| Payment of capital lease obligations and other financing costs |
(21) |
(21) |
| Net cash provided by (used in) financing activities |
5 |
(153) |
| Net Increase (Decrease) in Cash and Cash Equivalents |
194 |
(28) |
| Cash and Cash Equivalents, Beginning of Period |
5 |
85 |
| Cash and Cash Equivalents, End of Period |
$ 199 |
$ 57 |