CONSUMERS ENERGY CO (CMS-PB)
CONSUMERS ENERGY CO (CMS-PB)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 175 | 509 | 362 | 844 |
| Restricted cash and cash equivalents | 88 | 106 | 70 | 81 |
| Accounts receivable and accrued revenue, less allowance of 32 in 2026 and 27 in 2025-Nonrelated Party | 1,402 | 1,306 | 922 | 924 |
| Accounts receivable related parties-Related Party | 14 | 17 | 12 | 12 |
| Gas in underground storage | 257 | 427 | 566 | 402 |
| Materials and supplies | 338 | 329 | 307 | 305 |
| Generating plant fuel stock | 47 | 35 | 30 | 29 |
| Deferred property taxes | 385 | 479 | 294 | 324 |
| Regulatory assets | 94 | 104 | 84 | 132 |
| Prepayments and other current assets | 225 | 160 | 98 | 140 |
| Total current assets | 3,025 | 3,472 | 2,745 | 3,193 |
| Plant, property, and equipment, gross | 38,323 | 37,763 | 36,583 | 35,962 |
| Less accumulated depreciation and amortization | 10,384 | 10,135 | 10,051 | 9,865 |
| Plant, property, and equipment, net | 27,939 | 27,628 | 26,532 | 26,097 |
| Construction work in progress | 3,594 | 3,052 | 3,158 | 2,750 |
| Total plant, property, and equipment | 31,533 | 30,680 | 29,690 | 28,847 |
| Regulatory assets | 3,298 | 3,355 | 3,545 | 3,570 |
| Accounts receivable | 18 | 18 | 18 | 68 |
| Investments | 65 | 61 | 64 | 62 |
| Postretirement benefits | 2,005 | 1,957 | 1,744 | 1,705 |
| Other | 341 | 398 | 202 | 254 |
| Total other noncurrent assets | 5,727 | 5,789 | 5,573 | 5,659 |
| Total assets | 40,285 | 39,941 | 38,008 | 37,699 |
| Current portion of long-term debt and finance leases | 1,360 | 956 | 1,162 | 1,125 |
| Notes payable | - | 0 | 0 | 0 |
| Accounts payable-Nonrelated Party | 1,231 | 1,395 | 1,141 | 1,139 |
| Accounts payable-Related Party | 7 | 9 | 8 | 7 |
| Accrued rate refunds | 0 | 28 | 9 | 4 |
| Accrued interest | 207 | 182 | 204 | 170 |
| Accrued taxes | 516 | 708 | 200 | 461 |
| Regulatory liabilities | 87 | 85 | 89 | 93 |
| Other current liabilities | 184 | 185 | 239 | 197 |
| Total current liabilities | 3,592 | 3,548 | 3,052 | 3,196 |
| Long-term debt | 17,456 | 17,807 | 16,774 | 16,781 |
| Non-current portion of finance leases | 262 | 135 | 137 | 139 |
| Regulatory liabilities | 4,154 | 4,091 | 4,104 | 4,164 |
| Postretirement benefits | 94 | 95 | 92 | 93 |
| Aros | 797 | 792 | 731 | 747 |
| Deferred investment tax credit | 117 | 118 | 119 | 120 |
| Deferred income taxes | 3,345 | 3,252 | 3,172 | 3,079 |
| Other noncurrent liabilities | 417 | 392 | 396 | 409 |
| Total noncurrent liabilities | 26,642 | 26,682 | 25,525 | 25,532 |
| Common stock | 3 | 3 | 3 | 3 |
| Other paid-in capital | 6,669 | 6,510 | 6,355 | 5,998 |
| Accumulated other comprehensive loss | -35 | -36 | -41 | -41 |
| Retained earnings | 2,605 | 2,443 | 2,323 | 2,210 |
| Total common stockholders equity | 9,242 | 8,920 | 8,640 | 8,170 |
| Cumulative redeemable perpetual preferred stock | 224 | 224 | 224 | 224 |
| Total stockholders equity | 9,466 | 9,144 | 8,864 | 8,394 |
| Noncontrolling interests | 585 | 567 | 567 | 577 |
| Total equity | 10,051 | 9,711 | 9,431 | 8,971 |
| Total liabilities and equity | 40,285 | 39,941 | 38,008 | 37,699 |