Consolidated Statements Of Cash Flows - USD ($)
$ in Millions |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash Flows from Operating Activities |
|
|
| Net income |
$ 475
|
$ 418
|
| Adjustments to reconcile net income to net cash provided by operating activities |
|
|
| Depreciation and amortization |
597
|
564
|
| Deferred income taxes and investment tax credit |
219
|
210
|
| Other non-cash operating activities |
54
|
124
|
| Cash provided by (used in) changes in assets and liabilities |
|
|
| Decrease (increase) in accounts receivable, notes receivable, and accrued revenue |
51
|
219
|
| Decrease (increase) in inventories |
35
|
54
|
| Increase (decrease) in accounts payable and accrued refunds |
(24)
|
(34)
|
| Other current and non-current assets and liabilities |
(166)
|
(135)
|
| Net cash provided by operating activities |
1,241
|
1,420
|
| Cash Flows from Investing Activities |
|
|
| Capital expenditures (excludes assets placed under capital lease) |
(1,224)
|
(1,102)
|
| Increase in EnerBank notes receivable |
(87)
|
(186)
|
| Proceeds from the sale of EnerBank notes receivable |
|
48
|
| Cost to retire property and other investing activities |
(94)
|
(100)
|
| Net cash used in investing activities |
(1,405)
|
(1,340)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from issuance of debt |
775
|
100
|
| Issuance of common stock |
69
|
40
|
| Proceeds from EnerBank certificates of deposit, net |
64
|
135
|
| Payment of dividends on common and preferred stock |
(260)
|
(241)
|
| Retirement of long-term debt |
(215)
|
(148)
|
| Increase (decrease) in notes payable |
(174)
|
8
|
| Payment of capital lease obligations and other financing costs |
(22)
|
(31)
|
| Net cash provided by (used in) financing activities |
237
|
(137)
|
| Net Increase (Decrease) in Cash and Cash Equivalents |
73
|
(57)
|
| Cash and Cash Equivalents, Beginning of Period |
266
|
207
|
| Cash and Cash Equivalents, End of Period |
339
|
150
|
| Non-Cash Transactions |
|
|
| Capital expenditures not paid |
159
|
147
|
| Note receivable recorded for future refund of use taxes paid and capitalized |
29
|
|
| Consumers Energy Company [Member] |
|
|
| Cash Flows from Operating Activities |
|
|
| Net income |
499
|
459
|
| Adjustments to reconcile net income to net cash provided by operating activities |
|
|
| Depreciation and amortization |
592
|
560
|
| Deferred income taxes and investment tax credit |
220
|
33
|
| Other non-cash operating activities |
45
|
116
|
| Cash provided by (used in) changes in assets and liabilities |
|
|
| Decrease (increase) in accounts receivable, notes receivable, and accrued revenue |
72
|
221
|
| Decrease (increase) in inventories |
35
|
53
|
| Increase (decrease) in accounts payable and accrued refunds |
(31)
|
(30)
|
| Other current and non-current assets and liabilities |
(144)
|
15
|
| Net cash provided by operating activities |
1,288
|
1,427
|
| Cash Flows from Investing Activities |
|
|
| Capital expenditures (excludes assets placed under capital lease) |
(1,214)
|
(1,093)
|
| Cost to retire property and other investing activities |
(95)
|
(93)
|
| Net cash used in investing activities |
(1,309)
|
(1,186)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from issuance of debt |
446
|
|
| Stockholder contribution |
275
|
150
|
| Payment of dividends on common and preferred stock |
(362)
|
(360)
|
| Retirement of long-term debt |
(185)
|
(48)
|
| Increase (decrease) in notes payable |
(174)
|
8
|
| Payment of capital lease obligations and other financing costs |
(8)
|
(19)
|
| Net cash provided by (used in) financing activities |
(8)
|
(269)
|
| Net Increase (Decrease) in Cash and Cash Equivalents |
(29)
|
(28)
|
| Cash and Cash Equivalents, Beginning of Period |
50
|
71
|
| Cash and Cash Equivalents, End of Period |
21
|
43
|
| Non-Cash Transactions |
|
|
| Capital expenditures not paid |
145
|
$ 147
|
| Note receivable recorded for future refund of use taxes paid and capitalized |
$ 29
|
|