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CMS CMS Energy

Consumers Energy, Michigan's largest energy provider, is the principal subsidiary of CMS Energy , providing natural gas and/or electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula counties.

Company profile

Ticker
CMS, CMSC, CMSD, CMS+C
Exchange
CEO
Patricia Poppe
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
382726431

CMS stock data

(
)

Calendar

29 Jul 21
29 Jul 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from CMS Energy earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 292M 292M 292M 292M 292M 292M
Cash burn (monthly) 77.33M 109.33M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 76.84M 108.64M n/a n/a n/a n/a
Cash remaining 215.16M 183.36M n/a n/a n/a n/a
Runway (months of cash) 2.8 1.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
7 May 21 Barfield Jon E Common Stock Grant Aquire A No No 0 2,345 0 16,563
7 May 21 Butler Deborah H Common Stock Grant Aquire A No No 0 2,345 0 22,751
7 May 21 John G Russell Common Stock Grant Aquire A No No 0 2,345 0 183,937
7 May 21 Wright Laura Common Stock Grant Aquire A No No 0 2,345 0 32,853
7 May 21 Darrow Kurt L Common Stock Grant Aquire A No No 0 2,345 0 27,809

Financial report summary

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Risks
  • CMS Energy depends on dividends from its subsidiaries to meet its debt service obligations.
  • CMS Energy has indebtedness that could limit its financial flexibility and its ability to meet its debt service obligations.
  • CMS Energy and Consumers have financing needs and could be unable to obtain bank financing or access the capital markets.
  • Market performance and other changes could decrease the value of employee benefit plan assets, which then could require substantial funding.
  • Changes to ROA could have a material adverse effect on CMS Energy’s and Consumers’ businesses.
  • CMS Energy and Consumers are subject to rate regulation, which could have an adverse effect on financial results.
  • Utility regulation, state or federal legislation, and compliance could have a material adverse effect on CMS Energy’s and Consumers’ businesses.
  • Changes in taxation as well as the inherent difficulty in quantifying potential tax effects of business decisions could negatively impact CMS Energy and Consumers.
  • CMS Energy and its subsidiaries, including Consumers and EnerBank, must comply with the Dodd-Frank Act and its related regulations, which are subject to change and could involve material costs or affect operations.
  • CMS Energy and Consumers could incur substantial costs to comply with environmental requirements.
  • CMS Energy’s and Consumers’ businesses could be affected adversely by any delay in meeting environmental requirements.
  • CMS Energy and Consumers expect to incur additional substantial costs related to remediation of legacy environmental sites.
  • There are risks associated with Consumers’ substantial capital investment program planned for the next ten years.
  • CMS Energy and Consumers could be affected adversely by legacy litigation and retained liabilities.
  • Consumers is exposed to risks related to general economic conditions in its service territories.
  • Consumers is exposed to changes in customer usage that could impact financial results.
  • CMS Energy’s and Consumers’ energy sales and operations are affected by seasonal factors and varying weather conditions from year to year.
  • CMS Energy and Consumers are subject to information security risks, risks of unauthorized access to their systems, and technology failures.
  • CMS Energy’s and Consumers’ businesses have liability risks.
  • CMS Energy and Consumers are subject to risks that are beyond their control, including but not limited to natural disasters, civil unrest, terrorist attacks and related acts of war, cyber incidents, vandalism, and other catastrophic events.
  • Energy risk management strategies might not be effective in managing fuel and electricity pricing risks, which could result in unanticipated liabilities to CMS Energy and Consumers or increased volatility in their earnings.
  • Consumers might not be able to obtain an adequate supply of natural gas or coal, which could limit its ability to operate its electric generation facilities or serve its natural gas customers.
  • Unplanned outages or maintenance could be costly for CMS Energy or Consumers.
  • The COVID-19 pandemic could materially and adversely affect each of CMS Energy’s and Consumers’ business, results of operations, financial condition, capital investment program, liquidity, and cash flows.
  • CMS Energy and Consumers are exposed to counterparty risk.
  • CMS Energy and Consumers are exposed to significant reputational risks.
  • A work interruption or other union actions could adversely affect Consumers.
  • Failure to attract and retain an appropriately qualified workforce could adversely impact CMS Energy’s and Consumers’ results of operations.
Management Discussion
  • 1See Note 3, Regulatory Matters and Note 22, Asset Sale and Exit Activities.
  • 2See Note 3, Regulatory Matters.
  • For specific after-tax changes to net income available to common stockholders for 2019 versus 2018, see Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations—CMS Energy Consolidated Results of Operations, in the Form 10‑K for the fiscal year ended December 31, 2019, filed February 6, 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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