CMS ENERGY CORPORATION
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $509.0M | $103.0M | $227.0M | $164.0M | $452.0M | $32.0M | $140.0M | $153.0M |
| Accounts Receivable | — | — | — | $1.56B | $931.0M | $853.0M | $886.0M | $964.0M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $3.47B | $2.79B | $2.84B | $3.43B | $2.63B | $2.40B | $2.33B | $2.47B |
| Property, Plant & Equipment | $30.68B | $27.46B | $25.07B | $22.71B | $22.35B | $21.02B | $18.93B | $18.13B |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $39.94B | $35.92B | $33.52B | $31.35B | $28.75B | $29.67B | $26.84B | $24.53B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | $928.0M | $875.0M | $661.0M | $622.0M | $723.0M |
| Total Current Liabilities | $3.55B | $3.52B | $2.90B | $2.99B | $2.20B | $3.07B | $2.70B | $2.62B |
| Long-Term Debt | $17.81B | $15.19B | $14.51B | $13.12B | $12.05B | $11.74B | $11.95B | $10.62B |
| Total Liabilities | $30.80B | $27.69B | $25.97B | $24.34B | $22.12B | $24.17B | $21.82B | $19.77B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $2.44B | $2.04B | $1.66B | $1.35B | $1.06B | $214.0M | $-25.0M | $-271.0M |
| Total Stockholders' Equity | $9.14B | $8.23B | $7.54B | $7.02B | $6.63B | $5.50B | $5.02B | $4.76B |