CMS Energy Corp (CMSD) cash flow statement

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

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

$19.76+0.06 (+0.30%)

Close on Oct 30, 2026Market cap $6.14BP/E 5.9Yield 10.98%

CMS Energy Corp cash flow statement

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

Line item	Q2 2026 2026-06-30	Q1 2026 2026-03-31	Q4 2025 2025-12-31	Q3 2025 2025-09-30	Q2 2025 2025-06-30	Q1 2025 2025-03-31	Q4 2024 2024-12-31	Q3 2024 2024-09-30	Q2 2024 2024-06-30	Q1 2024 2024-03-31	Q4 2023 2023-12-31	Q3 2023 2023-09-30	Q2 2023 2023-06-30	Q1 2023 2023-03-31	Q4 2022 2022-12-31	Q3 2022 2022-09-30	Q2 2022 2022-06-30	Q1 2022 2022-03-31	Q4 2021 2021-12-31	Q3 2021 2021-09-30	Q2 2021 2021-06-30	Q1 2021 2021-03-31	Q4 2020 2020-12-31	Q3 2020 2020-09-30	Q2 2020 2020-06-30	Q1 2020 2020-03-31	Q4 2019 2019-12-31	Q3 2019 2019-09-30	Q2 2019 2019-06-30	Q1 2019 2019-03-31	Q4 2018 2018-12-31	Q3 2018 2018-09-30	Q2 2018 2018-06-30	Q1 2018 2018-03-31	Q4 2017 2017-12-31	Q3 2017 2017-09-30	Q2 2017 2017-06-30	Q1 2017 2017-03-31	Q4 2016 2016-12-31	Q3 2016 2016-09-30
Depreciation & Amortization	308	412	342	288	288	388	326	273	273	368	310	262	255	353	296	243	242	345	282	250	244	338	280	226	222	316	260	215	216	298	244	206	204	279	229	193	197	262	214	183
Deferred Income Taxes	32	82	36	47	64	60	43	24	28	51	49	25	42	29	11	19	6.00	33	-12	35	27	48	17	45	28	67	24	29	17	43	80	30	23	37	206	66	42	90	28	92
Other Non-Cash Items	49	55	57	37	98	46	89	45	71	36	103	49	103	19	28	27	11	27	-1.00	42	16	13	-7.00	17	14	-9.00	44	20	7.00	-16	25	-25	-12	-10	-4.00	-31	-26	-21	2.00	-21
Change in Accounts Receivable	235	-24	-365	34	85	-5.00	-340	32	126	27	-256	23	300	174	-420	-177	41	-121	-232	28	72	29	-226	89	149	-17	-249	107	251	-61	-284	1.00	291	7.00	-251	31	117	37	-206	-46
Change in Inventory	-182	148	106	-168	-156	190	113	-107	-101	259	122	-173	-155	391	187	-458	-392	213	92	-221	-132	168	62	-133	-72	171	93	-147	-111	209	90	-177	-127	228	115	-205	-157	201	111	-163
Change in Accounts Payable	1.00	-137	202	-30	11	13	0	17	67	-69	-13	66	-36	-153	-21	-28	182	-129	69	84	109	-109	26	13	71	-54	11	-34	41	-89	68	-5.00	51	-92	55	-43	77	-40	83	-3.00
Operating Cash Flow	622	705	478	343	414	1,000	403	304	707	956	405	199	665	1,040	188	-392	352	707	336	116	535	832	132	348	595	201	395	210	568	617	138	149	708	708	506	80	473	646	388	140
Capital Expenditures	-967	-1,039	–	-978	-884	-888	–	-806	-681	-613	–	–	–	-617	-636	-650	-568	-520	-634	-564	-442	-436	-618	-749	-421	-523	-527	-597	-492	-481	-502	-700	-450	-422	-457	-462	-381	-365	-448	-407
Sale of Property, Plant & Equipment	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	58	–	–	–	1.00	–	–	–	0	–	–	–	–	–	–	–	–	–
Divestitures	–	–	0	0	–	–	0	0	–	–	–	–	–	–	0	0	0	5.00	906	-8.00	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Sale & Maturity of Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	–	–	–	0	–	–	–	0	–	–	–	–	–
Other Investing Activities	-53	-34	-38	-68	-78	-30	-35	-49	-52	-24	-41	-44	-48	-34	-37	-19	-32	-19	-45	-25	-38	-25	-29	-43	-33	-24	-24	-56	-20	-27	-44	-46	-27	-29	-37	-24	-40	-14	-20	-36
Investing Cash Flow	-1,020	-1,073	-1,112	-1,046	-962	-918	-953	-855	-609	-637	-649	-658	-1,428	-651	-668	-669	-600	-539	227	-609	-568	-283	-569	-1,130	-609	-559	-604	-802	-735	-675	-791	-807	-552	-456	-514	-548	-460	-346	-517	-487
Dividends Paid	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-101	–	–	–	-94	–	–
Stock Issued	362	166	152	356	14	3.00	3.00	4.00	7.00	272	182	3.00	3.00	4.00	59	3.00	3.00	4.00	3.00	3.00	11	9.00	146	3.00	3.00	101	3.00	3.00	3.00	3.00	2.00	3.00	33	3.00	3.00	4.00	73	3.00	3.00	3.00
Debt Issued	909	258	1,098	62	1,249	1,200	515	743	105	599	646	500	1,200	1,205	550	1,349	0	0	35	300	0	0	826	0	1,155	1,198	75	621	462	993	1,723	250	544	250	525	185	0	923	274	446
Debt Repaid	-679	-204	-266	-43	-124	-717	-163	-356	-114	-319	-286	-381	-465	-1,000	-14	0	-89	-3.00	-217	0	-16	-2.00	-716	-902	-390	-2.00	-115	-66	-314	-790	-1,165	-45	-480	-180	-312	-180	-13	-475	-513	-173
Short-Term Debt Issued (Repaid), Net	0	0	0	0	0	-65	65	0	0	-93	-154	247	0	-20	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	-170	-60	230	0	-398	323	75
Other Financing Activities	8.00	-26	-5.00	0	-27	-33	4.00	-6.00	-10	-9.00	1.00	-4.00	-22	-17	-10	-10	-1.00	-37	-17	-17	-2.00	-18	23	-20	-32	-22	-11	-10	3.00	-32	-2.00	-16	-21	-22	-7.00	-12	-3.00	-24	0	-7.00
Financing Cash Flow	480	16	817	210	947	266	261	229	-170	294	308	237	571	27	467	1,160	-130	-170	-323	437	-199	-210	64	-264	757	1,062	-67	691	234	150	462	523	118	-229	39	200	-35	-94	18	309
Net Change in Cash	82	-352	183	-493	399	348	-289	-322	-72	613	64	-222	-192	416	-13	99	-378	-2.00	240	-56	-232	339	-373	-1,046	743	704	-276	99	67	92	–	–	–	–	–	–	–	–	–	-46
Free Cash Flow	-345	-334	–	-635	-470	112	–	-502	26	343	–	–	–	423	-448	-1,042	-216	187	-298	-448	93	396	-486	-401	174	-322	-132	-387	76	136	-364	-551	258	286	49	-382	92	281	-60	-267

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: 5.9
Price to sales: 0.70
Price to book: 0.63
Dividend yield: 10.98%