Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions |
3 Months Ended |
Mar. 31, 2020 |
Mar. 31, 2019 |
| Cash Flows from Operating Activities |
|
|
| Net income |
$ 243
|
$ 213
|
| Adjustments to reconcile net income to net cash provided by operating activities |
|
|
| Depreciation and amortization |
316
|
298
|
| Deferred income taxes and investment tax credits |
67
|
43
|
| Pension contributions |
(531)
|
0
|
| Other non-cash operating activities and reconciling adjustments |
9
|
16
|
| Cash provided by (used in) changes in assets and liabilities |
|
|
| Accounts and notes receivable and accrued revenue |
(17)
|
(61)
|
| Inventories |
171
|
209
|
| Accounts payable and accrued rate refunds |
(54)
|
(89)
|
| Other current and non-current assets and liabilities |
(3)
|
(12)
|
| Net cash provided by operating activities |
201
|
617
|
| Cash Flows from Investing Activities |
|
|
| Capital expenditures (excludes assets placed under finance lease) |
(523)
|
(481)
|
| Increase in EnerBank notes receivable |
(4)
|
(46)
|
| Purchase of notes receivable by EnerBank |
(8)
|
(121)
|
| Cost to retire property and other investing activities |
(24)
|
(27)
|
| Net cash used in investing activities |
(559)
|
(675)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from issuance of debt |
1,198
|
993
|
| Retirement of debt |
(2)
|
(790)
|
| Increase (decrease) in EnerBank certificates of deposit |
(7)
|
151
|
| Decrease in notes payable |
(90)
|
(67)
|
| Issuance of common stock, net of issuance costs |
101
|
3
|
| Payment of dividends on common stock |
(116)
|
(108)
|
| Other financing costs |
(22)
|
(32)
|
| Net cash provided by financing activities |
1,062
|
150
|
| Net Increase in Cash and Cash Equivalents, Including Restricted Amounts |
704
|
92
|
| Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period |
157
|
175
|
| Cash and Cash Equivalents, Including Restricted Amounts, End of Period |
861
|
267
|
| Non-cash transactions |
|
|
| Capital expenditures not paid |
95
|
99
|
| Consumers Energy Company |
|
|
| Cash Flows from Operating Activities |
|
|
| Net income |
235
|
226
|
| Adjustments to reconcile net income to net cash provided by operating activities |
|
|
| Depreciation and amortization |
312
|
294
|
| Deferred income taxes and investment tax credits |
44
|
17
|
| Pension contributions |
(518)
|
0
|
| Other non-cash operating activities and reconciling adjustments |
0
|
2
|
| Cash provided by (used in) changes in assets and liabilities |
|
|
| Accounts and notes receivable and accrued revenue |
31
|
(59)
|
| Inventories |
170
|
204
|
| Accounts payable and accrued rate refunds |
(54)
|
(80)
|
| Other current and non-current assets and liabilities |
18
|
15
|
| Net cash provided by operating activities |
238
|
619
|
| Cash Flows from Investing Activities |
|
|
| Capital expenditures (excludes assets placed under finance lease) |
(520)
|
(476)
|
| Cost to retire property and other investing activities |
(22)
|
(26)
|
| Net cash used in investing activities |
(542)
|
(502)
|
| Cash Flows from Financing Activities |
|
|
| Proceeds from issuance of debt |
873
|
0
|
| Retirement of debt |
0
|
(215)
|
| Decrease in notes payable |
(90)
|
(67)
|
| Stockholder contribution |
350
|
350
|
| Payment of dividends on common stock |
(219)
|
(172)
|
| Other financing costs |
(10)
|
(5)
|
| Net cash provided by financing activities |
904
|
(109)
|
| Net Increase in Cash and Cash Equivalents, Including Restricted Amounts |
600
|
8
|
| Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period |
28
|
56
|
| Cash and Cash Equivalents, Including Restricted Amounts, End of Period |
628
|
64
|
| Non-cash transactions |
|
|
| Capital expenditures not paid |
$ 85
|
$ 85
|