CMS FY 2022 Earnings Report — CMS Energy Corporation Revenue & Financial Results | Market Cap Arena

CMS Energy CorporationCMS

FY 2022 Earnings

Reported February 9, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$8.6B	—	—	—	—
Op. Income	$1.2B	—	—	—	—
Gross Margin	32.1%	—	—	—	—
Net Margin	9.7%	—	—	—	—
EPS (Diluted)	$2.85	—	—	—	—
Free Cash Flow	-$1.5B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$5.8B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.5B
Operating Expenses	$1.5B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$519M
Other Income/Expenses	-$322M
INCOME BEFORE TAX	$902M
Income Tax Expense	$93M
Net Income from Continuing Ops	$809M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$837M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$827M
D&A	$1.1B
EBIT	$1.4B
EBITDA	$2.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$5.8B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.5B
Operating Expenses	$1.5B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$519M
Other Income/Expenses	-$322M
INCOME BEFORE TAX	$902M
Income Tax Expense	$93M
Net Income from Continuing Ops	$809M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$837M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$827M
D&A	$1.1B
EBIT	$1.4B
EBITDA	$2.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$833M
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$0
Deferred Income Tax	$89M
Other Non-Cash Items	-$80M
Change in Working Capital	-$1.1B
OPERATING CASH FLOW	$855M
Capital Expenditure	-$2.4B
Acquisitions (Net)	$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$102M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	$1.8B
Common Stock Repurchased	$0
Common Dividends Paid	-$546M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	$1.3B
FREE CASH FLOW	-$1.5B
Net Change in Cash	-$294M

Balance Sheet

Item	Amount
Cash & Equivalents	$164M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$1.1B
Other Current Assets	$75M
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$22.7B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$71M
Tax Assets	$0
Other Non-Current Assets	$5.1B
TOTAL NON-CURRENT ASSETS	$27.9B
TOTAL ASSETS	$31.4B
Account Payables	$936M
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$266M
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$13.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.5B
Other Non-Current Liabilities	$5.0B
TOTAL NON-CURRENT LIABILITIES	$20.8B
TOTAL LIABILITIES	$23.8B
Common Stock	$3M
Additional Paid-In Capital	$5.5B
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$52M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.0B
Minority Interest	$580M
TOTAL EQUITY	$7.6B
TOTAL LIABILITIES & EQUITY	$31.4B
Total Debt	$14.3B
Net Debt	$14.2B