CMS Energy Corporation 5.875% J (CMSC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 40.28B | 40.39B | 38.01B | 37.7B | 36.3B | 35.92B | 34.82B | 34.35B | 33.9B | 33.52B | 32.51B | 32.27B | 31.39B | 31.35B | 30.37B | 29.04B | 28.74B | 28.75B | 30.51B | 29.95B |
| Asset Growth % | 10.99% | 12.44% | 9.17% | 9.73% | 7.06% | 7.17% | 7.09% | 6.48% | 8.01% | 6.9% | 7.05% | 11.11% | 9.21% | 9.04% | -0.46% | -3.05% | -3.31% | -3.08% | 4.21% | 4.8% |
| PP&E (Net) | 31.53B | 30.7B | 29.69B | 28.85B | 27.9B | 27.48B | 26.67B | 25.88B | 25.28B | 25.1B | 24.69B | 24.26B | 23B | 22.74B | 22.34B | 21.63B | 22.54B | 22.38B | 21.93B | 21.53B |
| PP&E / Total Assets % | 78.27% | 76.02% | 78.12% | 76.52% | 76.88% | 76.52% | 76.6% | 75.32% | 74.57% | 74.88% | 75.95% | 75.2% | 73.29% | 72.54% | 73.55% | 74.47% | 78.43% | 77.83% | 71.88% | 71.89% |
| Total Current Assets | 3.02B | 3.47B | 2.75B | 3.19B | 2.78B | 2.79B | 2.7B | 2.98B | 3.09B | 2.84B | 2.45B | 2.6B | 2.99B | 3.43B | 3.03B | 2.39B | 2.46B | 2.63B | 2.48B | 2.32B |
| Cash & Equivalents | 263M | 615M | 362M | 844M | 465M | 103M | 412M | 699M | 802M | 227M | 157M | 389M | 571M | 164M | 168M | 77M | 446M | 452M | 102M | 153M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 642M | 791M | 903M | 736M | 580M | 769M | 884M | 779M | 677M | 938M | 1.06B | 887M | 726M | 1.12B | 1.3B | 845M | 454M | 667M | 760M | 539M |
| Other Current Assets | 704M | 743M | 546M | 677M | 234M | 304M | 235M | 273M | 260M | 224M | 196M | 199M | 230M | 75M | 42M | 42M | 62M | 70M | 535M | 487M |
| Long-Term Investments | 83M | 79M | 64M | 62M | 71M | 69M | 74M | 73M | 73M | 76M | 74M | 72M | 72M | 71M | 70M | 69M | 71M | 71M | 73M | 71M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 5.64B | 5.69B | 5.51B | 5.6B | 5.54B | 5.58B | 5.37B | 5.42B | 5.46B | 5.5B | 5.3B | 5.33B | 5.32B | 5.11B | 4.94B | 4.95B | 3.67B | 3.68B | 6.03B | 6.03B |
| Total Liabilities | 30.23B | 30.68B | 28.58B | 28.73B | 27.37B | 27.17B | 26.18B | 25.81B | 25.39B | 25.39B | 24.75B | 24.56B | 23.73B | 23.76B | 22.87B | 21.57B | 21.34B | 21.57B | 23.86B | 23.59B |
| Total Debt | 19.08B | 18.9B | 18.07B | 18.05B | 16.97B | 16.59B | 16.17B | 15.77B | 15.81B | 15.67B | 15.47B | 15.12B | 14.48B | 14.34B | 13.76B | 12.43B | 12.47B | 12.5B | 12.66B | 12.37B |
| Net Debt | 18.82B | 18.28B | 17.71B | 17.2B | 16.5B | 16.49B | 15.76B | 15.07B | 15B | 15.44B | 15.31B | 14.73B | 13.91B | 14.18B | 13.59B | 12.35B | 12.03B | 12.05B | 12.56B | 12.21B |
| Long-Term Debt | 17.46B | 17.83B | 16.77B | 16.78B | 16.15B | 15.19B | 15.55B | 14.92B | 14.97B | 14.51B | 14.11B | 13.93B | 12.98B | 13.12B | 12.69B | 11.67B | 12.04B | 12.05B | 12.03B | 11.73B |
| Short-Term Borrowings | 1.36B | 959M | 1.16B | 1.13B | 707M | 1.26B | 507M | 772M | 772M | 1.07B | 1.29B | 1.13B | 1.43B | 1.11B | 1B | 719M | 382M | 376M | 585M | 589M |
| Capital Lease Obligations | 262M | 154M | 137M | 139M | 111M | 140M | 112M | 79M | 61M | 93M | 63M | 65M | 66M | 108M | 70M | 44M | 46M | 80M | 48M | 50M |
| Total Current Liabilities | 3.59B | 3.55B | 3.05B | 3.2B | 2.63B | 3.52B | 2.19B | 2.53B | 2.29B | 2.9B | 2.72B | 2.74B | 2.94B | 2.98B | 2.49B | 2.39B | 1.81B | 2.2B | 3.25B | 3.11B |
| Accounts Payable | 1.24B | 1.4B | 1.14B | 1.14B | 951M | 1.09B | 954M | 796M | 651M | 809M | 846M | 759M | 687M | 936M | 956M | 914M | 695M | 886M | 795M | 666M |
| Accrued Expenses | 0 | 0 | 213M | 174M | 642M | 810M | 161M | 604M | 169M | 754M | 157M | 145M | 125M | 660M | 117M | 107M | 112M | 622M | 112M | 103M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 994M | 1.19B | 328M | 290M | 327M | 355M | 569M | 356M | 703M | 255M | 426M | 701M | 697M | 266M | 415M | 649M | 625M | 311M | 1.76B | 1.76B |
| Deferred Taxes | 3.46B | 3.82B | 3.29B | 3.2B | 3.12B | 3.05B | 2.96B | 2.91B | 2.8B | 2.74B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 5.46B | 5.33B | 5.32B | 5.41B | 5.36B | 5.3B | 5.37B | 5.38B | 5.26B | 5.19B | 7.86B | 7.83B | 7.74B | 7.56B | 7.63B | 7.47B | 7.43B | 7.24B | 8.53B | 8.7B |
| Total Equity | 10.05B | 9.71B | 9.43B | 8.97B | 8.92B | 8.75B | 8.64B | 8.54B | 8.51B | 8.13B | 7.76B | 7.71B | 7.65B | 7.59B | 7.5B | 7.47B | 7.41B | 7.19B | 6.65B | 6.37B |
| Equity Growth % | 12.64% | 11.01% | 9.14% | 5.03% | 4.9% | 7.67% | 11.38% | 10.84% | 11.16% | 6.98% | 3.38% | 3.15% | 3.34% | 5.66% | 12.79% | 17.36% | 17.5% | 18.28% | 12.8% | 21.23% |
| Shareholders Equity | 9.47B | 9.14B | 8.86B | 8.39B | 8.34B | 8.23B | 8.11B | 8B | 7.95B | 7.54B | 7.19B | 7.14B | 7.08B | 7.01B | 6.91B | 6.88B | 6.85B | 6.63B | 6.09B | 5.8B |
| Minority Interest | 585M | 567M | 567M | 577M | 588M | 518M | 530M | 538M | 560M | 581M | 572M | 561M | 572M | 580M | 591M | 593M | 551M | 557M | 563M | 569M |
| Common Stock | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M |
| Additional Paid-in Capital | 6.67B | 6.51B | 6.36B | 6B | 5.97B | 6.01B | 6B | 5.99B | 5.97B | 5.71B | 5.51B | 5.51B | 5.49B | 5.49B | 5.42B | 5.42B | 5.41B | 5.41B | 5.4B | 5.39B |
| Retained Earnings | 2.6B | 2.44B | 2.32B | 2.21B | 2.17B | 2.04B | 1.93B | 1.83B | 1.79B | 1.66B | 1.5B | 1.46B | 1.41B | 1.35B | 1.31B | 1.29B | 1.27B | 1.06B | 547M | 487M |
| Accumulated OCI | -35M | -36M | -41M | -41M | -41M | -41M | -45M | -45M | -45M | -46M | -51M | -51M | -51M | -52M | -52M | -52M | -54M | -59M | -81M | -82M |
| Return on Assets (ROA) | 0.84% | 0.74% | 0.73% | 0.54% | 0.84% | 0.75% | 0.73% | 0.58% | 0.85% | 0.94% | 0.54% | 0.62% | 0.65% | 0.55% | 0.56% | 0.51% | 1.23% | 2.16% | 0.63% | 0.59% |
| Return on Equity (ROE) | 3.44% | 3.02% | 3.01% | 2.25% | 3.44% | 3.05% | 2.94% | 2.32% | 3.45% | 3.89% | 2.28% | 2.58% | 2.68% | 2.27% | 2.2% | 1.99% | 4.84% | 9.23% | 2.9% | 2.78% |
| Debt / Equity | 1.90x | 1.95x | 1.92x | 2.01x | 1.90x | 1.90x | 1.87x | 1.85x | 1.86x | 1.93x | 1.99x | 1.96x | 1.89x | 1.89x | 1.83x | 1.66x | 1.68x | 1.74x | 1.90x | 1.94x |
| Debt / Assets | 47.36% | 46.79% | 47.55% | 47.87% | 46.74% | 46.19% | 46.43% | 45.9% | 46.62% | 46.75% | 47.57% | 46.87% | 46.15% | 45.74% | 45.29% | 42.8% | 43.4% | 43.48% | 41.49% | 41.29% |
| Net Debt / EBITDA | 20.86x | 30.07x | 23.03x | 27.83x | 18.71x | 21.95x | 24.62x | 26.53x | 19.24x | 21.57x | 28.72x | 29.00x | 20.86x | 25.00x | 27.12x | 25.21x | 15.01x | 24.79x | 24.62x | 24.63x |
| Book Value per Share | 33.44 | 32.31 | 31.39 | 29.99 | 29.83 | 29.28 | 28.92 | 28.61 | 28.62 | 27.6 | 26.62 | 26.45 | 26.28 | 26.07 | 25.87 | 25.75 | 25.54 | 24.81 | 22.97 | 22 |