AI English summary of an SEC filing — figures as filed
The company said reported diluted earnings per share for 2023 were $3.01, higher than $2.85 in 2022, and adjusted earnings per share were $3.11, compared with $2.89 in 2022.
Key points
AI summaryThe company said reported diluted earnings per share for 2023 were $3.01, higher than $2.85 in 2022, and adjusted earnings per share were $3.11, compared with $2.89 in 2022.
CMS Energy raised its 2024 adjusted earnings per share outlook to $3.29 to $3.35 from $3.27 to $3.33, the company said. It reaffirmed long-term adjusted EPS growth of 6 to 8% and said it would increase the annual dividend by 11 cents per share to $2.06.
The company said that for 2023, operating revenue for the twelve months ended 12/31/23 was $7,462 million, lower than $8,596 million in 2022, and operating income was $1,235 million, compared with $1,224 million in 2022.
The company said net cash provided by operating activities for 2023 was $2,309 million, compared with $855 million in 2022, and net cash used in investing activities was $3,386 million.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
2023 Reported EPS $3.01, Adjusted EPS $3.11
The company said reported diluted earnings per share for 2023 were $3.01, higher than $2.85 in 2022, and adjusted earnings per share were $3.11, compared with $2.89 in 2022.
Source · Based on the filing body and exhibits
2024 Adjusted EPS Outlook and Dividend Increase
CMS Energy raised its 2024 adjusted earnings per share outlook to $3.29 to $3.35 from $3.27 to $3.33, the company said. It reaffirmed long-term adjusted EPS growth of 6 to 8% and said it would increase the annual dividend by 11 cents per share to $2.06.
Source · Based on the filing body and exhibits
2023 Full-Year Operating Revenue and Operating Income
The company said that for 2023, operating revenue for the twelve months ended 12/31/23 was $7,462 million, lower than $8,596 million in 2022, and operating income was $1,235 million, compared with $1,224 million in 2022.
Source · Based on the filing body and exhibits
2023 Full-Year Operating Cash Flow
The company said net cash provided by operating activities for 2023 was $2,309 million, compared with $855 million in 2022, and net cash used in investing activities was $3,386 million.
Source · Based on the filing body and exhibits
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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