CMS Energy Corp (CMS.PC) cash flow statement

CMS.PCNYSEElectric & Other Services CombinedFiscal year ends December 31Also trades as CMS, CMSA, CMSC, CMSD

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 9/304% below fair value

$15.77+0.06 (+0.38%)

Close on Oct 30, 2026Market cap $4.90BP/E 4.7Yield 13.76%

CMS Energy Corp cash flow statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Depreciation & Amortization	1,306	1,240	1,180	1,126	1,114	1,043	989	933	881	811	750	685	628	598	546	576	570	589
Deferred Income Taxes	207	146	145	69	98	157	113	170	404	247	228	229	271	226	169	223	114	126
Other Non-Cash Items	238	241	274	93	70	15	55	-22	-82	-52	-100	-58	-22	16	–	–	–	–
Change in Accounts Receivable	-251	-155	241	-677	-103	-5.00	48	15	-66	-155	120	-31	-120	-147	119	-72	-91	-80
Change in Inventory	-28	164	185	-450	-93	28	44	14	-46	146	147	-36	202	104	-14	133	86	-71
Change in Accounts Payable	196	15	-136	4.00	153	56	-71	22	49	59	-26	50	4.00	-35	30	-7.00	-50	-5.00
Operating Cash Flow	2,235	2,370	2,309	855	1,819	1,276	1,790	1,703	1,705	1,629	1,640	1,481	1,421	1,241	1,169	959	848	557
Capital Expenditures	–	–	–	-2,374	-2,076	-2,311	-2,097	-2,074	-1,665	-1,672	-1,564	-1,577	-1,325	-1,227	-882	-821	-818	-792
Sale of Property, Plant & Equipment	–	–	–	0	0	58	97	0	0	–	–	–	–	–	–	–	–	–
Divestitures	0	124	0	5.00	898	0	0	–	–	–	–	–	–	–	–	–	–	–
Sale & Maturity of Investments	–	–	–	–	–	0	0	146	0	0	–	–	–	–	–	–	–	–
Other Investing Activities	-214	-160	-167	-107	-133	-129	-127	-146	-115	-107	-115	-66	-12	-11	-22	2.00	15	6.00
Investing Cash Flow	-4,038	-3,054	-3,386	-2,476	-1,233	-2,867	-2,816	-2,606	-1,868	-1,915	-2,064	-1,898	-1,532	-1,350	-1,058	-1,003	-935	-839
Dividends Paid	–	–	–	–	–	–	–	–	–	–	–	–	–	-252	-211	-162	-114	-82
Stock Issued	525	286	192	69	26	253	12	41	83	72	43	43	36	30	29	10	9.00	–
Debt Issued	3,609	1,962	3,551	1,899	335	3,179	2,151	2,767	1,633	1,049	599	1,428	1,025	1,650	375	1,400	1,218	1,265
Debt Repaid	-1,150	-952	-2,132	-106	-235	-2,010	-1,285	-1,870	-980	-728	-224	-750	-741	-1,527	-413	-878	-1,154	-1,022
Short-Term Debt Issued (Repaid), Net	-65	-28	73	20	0	–	–	–	-228	149	189	-110	60	110	–	–	–	–
Other Financing Activities	-65	-21	-42	-58	-54	-51	-50	-61	-46	-22	-36	-51	-42	-35	-34	–	–	–
Financing Cash Flow	2,240	614	1,143	1,327	-295	1,619	1,008	874	110	255	463	462	190	41	-199	202	-35	147
Net Change in Cash	437	-70	66	-294	291	28	-18	-29	-53	–	59	35	79	-68	-86	157	-117	-137
Free Cash Flow	–	–	–	-1,519	-257	-1,035	-307	-371	40	-43	76	-96	96	14	287	138	30	-235
Income Taxes Paid	-20	-69	15	1.00	16	-58	-58	-123	5.00	32	10	22	34	19	27	14	17	3.00
Interest Paid	741	677	607	490	489	549	498	458	418	427	386	380	382	377	397	405	422	372

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 18.9%
Net margin: 11.6%
Return on equity, FY2025: 12.3%

Financial strength

Current ratio: 0.94
Debt to equity: 1.95
Debt to assets: 46.5%
Cash to current liabilities: 7.9%

Valuation

P/E ratio: 4.7
Price to sales: 0.56
Price to book: 0.50
Dividend yield: 13.76%