AI English summary of an SEC filing — figures as filed
CMS Energy CMSThe company said CMS Energy had consolidated cash and cash equivalents of $861 million as of March 31, 2024, of which $59 million was restricted cash. Consumers had $666 million, of which $59 million was restricted cash.
Key points
AI summaryThe company said CMS Energy had consolidated cash and cash equivalents of $861 million as of March 31, 2024, of which $59 million was restricted cash. Consumers had $666 million, of which $59 million was restricted cash.
CMS Energy said its revolving credit facility availability was $521 million as of March 31, 2024, and Consumers had $1.3 billion available. The company said there were no sales of securities under its equity offering program, which allows up to $1 billion in shares of common stock to be sold.
CMS Energy said Consumers paid $265 million in dividends on its common stock to CMS Energy during the 3 months ended March 31, 2024. The company explained that CMS Energy uses dividends from its subsidiaries, along with other sources, to fund investments, retire debt, pay dividends, and meet other obligations.
CMS Energy said under the Clean Energy Plan, the D.E. Karn coal-fueled generating units totaling 515 MW were retired in June 2023, and the J.H. Campbell coal-fueled generating units totaling 1,407 MW are planned to close in 2025.
Key figures
Quarter ended March 31, 2024
- Revenue
- $2.1B
- Operating income
- $412M
- Net income
- $287M
- EPS
- $0.96
- Operating cash flow
- $956M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Cash and cash equivalents as of March 31, 2024
The company said CMS Energy had consolidated cash and cash equivalents of $861 million as of March 31, 2024, of which $59 million was restricted cash. Consumers had $666 million, of which $59 million was restricted cash.
Source · Based on the MD&A text of the filing
Revolving credit facility availability and equity offering program
CMS Energy said its revolving credit facility availability was $521 million as of March 31, 2024, and Consumers had $1.3 billion available. The company said there were no sales of securities under its equity offering program, which allows up to $1 billion in shares of common stock to be sold.
Source · Based on the MD&A text of the filing
Consumers' dividend payments to CMS Energy
CMS Energy said Consumers paid $265 million in dividends on its common stock to CMS Energy during the 3 months ended March 31, 2024. The company explained that CMS Energy uses dividends from its subsidiaries, along with other sources, to fund investments, retire debt, pay dividends, and meet other obligations.
Source · Based on the MD&A text of the filing
Coal-fueled generating unit closure schedule under the Clean Energy Plan
CMS Energy said under the Clean Energy Plan, the D.E. Karn coal-fueled generating units totaling 515 MW were retired in June 2023, and the J.H. Campbell coal-fueled generating units totaling 1,407 MW are planned to close in 2025.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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