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CMS Energy (CMS)

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
Subsidiaries
01 CMS ENERGY CORPORATION • 02 CMS Capital, L.L.C. • 03 CMS Land Company • 02 CMS Enterprises Company • 03 Dearborn Industrial Energy, L.L.C. • 04 Dearborn Industrial Generation, L.L.C. • 03 CMS Energy • 04 CMS ERM Michigan LLC • 04 CMS Viron Corporation • 03 CMS Enterprises Sustainable Energy, LLC ...
IRS number
382726431

CMS stock data

Calendar

28 Jul 22
16 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 474M 474M 474M 474M 474M 474M
Cash burn (monthly) 666.67K 4.17M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 3.03M 18.91M n/a n/a n/a n/a
Cash remaining 470.97M 455.09M n/a n/a n/a n/a
Runway (months of cash) 706.5 109.2 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
10 Jun 22 Johnson Shaun M Common Stock Sell Dispose S No No 67.7712 736 49.88K 44,543
9 Jun 22 Barfield Jon E Common Stock Sell Dispose S No No 69.4361 1,267 87.98K 13,620
1 Jun 22 Scott B McIntosh Common Stock Sell Dispose S No No 70.8622 703 49.82K 23,639
31 May 22 Scott B McIntosh Common Stock Sell Dispose S No No 71.2093 703 50.06K 24,196
11 May 22 Venkat Dhenuvakonda Rao Common Stock Sell Dispose S No No 69.2029 281 19.45K 35,241
11 May 22 Venkat Dhenuvakonda Rao Common Stock Sell Dispose S No No 69.1957 719 49.75K 35,522

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.
  • Distributed energy resources 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 a material 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.
  • CMS Energy and Consumers have announced an ambitious plan to reduce their impact on climate change. Achieving this plan depends on numerous factors, many of which are outside of their control.
  • 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, must comply with the Dodd-Frank Act and its related regulations.
  • 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
  • For a summary of net income available to common stockholders for 2020 versus 2019, as well as detailed changes by reportable segment, see Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations, in the Form 10‑K for the fiscal year ended December 31, 2020, filed February 11, 2021.
  • 1See Note 2, Regulatory Matters.
  • 1Deliveries to end-use customers were 36.2 billion kWh in 2021 and 35.4 billion kWh in 2020.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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