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CMS Energy Corporation (CMS)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
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CMS Energy Corporation Balance Sheet 2025-2007 | CMS
Brief overview of CMS Energy Corporation's balance sheet structure
The balance sheet is assessed across five available annual reports spanning 2015 to 2019.
Assets increased from $20.3 billion to $26.8 billion, or +31.9%; CAGR of about 7.2% indicates steady balance sheet expansion.
Liabilities followed the scale of the balance sheet: +33.1% versus +31.9% for assets. Leverage did not change materially.
Equity funds just 18.7% of assets versus 19.4% previously. The balance sheet is sensitive to weaker results.
The net-debt-to-equity ratio reached 2.58x. High leverage materially limits financial flexibility.
The cash reserve occupies 0.5% of the balance sheet, previously 1.3%. It is one marker of short-term resilience.
Retained earnings remain negative at -$25 million. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.
Conclusion
CMS Energy Corporation's financial structure calls for caution. Stronger equity, lower debt or restored liquidity would be needed to improve it.
Annual Balance Sheet CMS Energy Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
17.3 B | 15.1 B | 14.3 B | 13 B | 11.6 B | 208 M | 12.9 B | 11.5 B | 10 B | 9.29 B | 8.88 B | 8.35 B | 7.49 B | 7.16 B | 6.94 B | 6.93 B | 5.8 B | - | - |
Long Term Debt |
17.8 B | 15.2 B | 14.5 B | 13.1 B | 12 B | 384 M | 12 B | 10.6 B | 9.12 B | 8.64 B | 8.44 B | 8.02 B | 7.1 B | 6.71 B | 6.04 B | 6.45 B | 5.9 B | - | - |
Long Term Debt Current |
3 M | 3 M | 4 M | 4 M | 3 M | 9 M | 9 M | 974 M | 1.08 B | 864 M | 684 M | 519 M | 541 M | 519 M | 1.03 B | 726 M | - | - | - |
Total Non Current Liabilities |
26.7 B | 23.7 B | 22.5 B | 20.8 B | 19.4 B | 14.7 B | 19.1 B | 17.1 B | 15.8 B | 14.7 B | 14.1 B | 13.5 B | 12 B | 12.1 B | 11 B | 10.8 B | 10.4 B | - | - |
Total Current Liabilities |
3.55 B | 3.52 B | 2.9 B | 2.98 B | 2.2 B | 3.07 B | 2.7 B | 2.62 B | 2.78 B | 2.66 B | 2.3 B | 2.01 B | 1.94 B | 1.8 B | 2.34 B | 2.02 B | 1.95 B | - | - |
Total Liabilities |
- | - | - | - | - | - | 21.8 B | 19.7 B | 18.6 B | 17.3 B | 16.4 B | 15.5 B | 13.9 B | 13.9 B | 13.4 B | - | - | - | - |
Retained Earnings |
2.44 B | 2.04 B | 1.66 B | 1.35 B | 1.06 B | 1.69 B | -25 M | -271 M | -531 M | -616 M | -855 M | -1.06 B | -1.24 B | -1.42 B | -1.55 B | -1.76 B | -1.93 B | - | - |
Total Assets |
39.9 B | 35.9 B | 33.5 B | 31.4 B | 28.8 B | 29.7 B | 26.8 B | 24.5 B | 23 B | 21.6 B | 20.3 B | 19.2 B | 17.4 B | 17.1 B | 16.5 B | 15.6 B | 15.3 B | - | - |
Cash and Cash Equivalents |
509 M | 103 M | 227 M | 164 M | 476 M | 185 M | 140 M | 153 M | 182 M | 235 M | 266 M | 207 M | 172 M | 93 M | 161 M | 247 M | 90 M | 207 M | 344 M |
Book Value |
39.9 B | 35.9 B | 33.5 B | 31.4 B | 28.8 B | 29.7 B | 5.06 B | 4.79 B | 4.48 B | 4.29 B | 3.98 B | 3.71 B | 3.49 B | 3.24 B | 3.07 B | 15.6 B | 15.3 B | - | - |
Total Shareholders Equity |
9.14 B | 8.23 B | 7.54 B | 7.02 B | 7.19 B | 6.08 B | 5.02 B | 4.76 B | 4.44 B | 4.25 B | 3.94 B | 3.67 B | 3.45 B | 3.19 B | 3.03 B | 2.79 B | 2.6 B | 2.82 B | - |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet CMS Energy Corporation
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
18.2 B | 17.5 B | 19 M | 16.8 B | 16.8 B | 16.1 B | 21 M | 15.5 B | 14.9 B | 15 B | 22 M | 14.1 B | 13.9 B | 13 B | 27 M | 12.7 B | - | 12 B | 25 M | 12 B | 11.7 B | 13.6 B | 25 M | 11.7 B | 11.7 B | 13.6 B | 37 M | 12 B | 12 B | 12 B | 10.6 B | 10.6 B | 10.6 B | 10.6 B | 9.12 B | 9.12 B | 9.12 B | 9.12 B | 8.64 B | 8.64 B | 8.64 B | 8.64 B | 8.4 B | 8.4 B | 8.4 B | 8.4 B | 8.02 B | 8.02 B | 8.02 B | 8.02 B | 7.64 B | 7.1 B | 7.1 B | 7.1 B | 7.23 B | 6.71 B | 6.71 B | 6.71 B | 7.07 B | 6.04 B | 6.04 B | 6.04 B | 7.17 B | 6.01 B | 5.88 B |
Total Non Current Liabilities |
27.4 B | 26.6 B | 26.7 B | 25.5 B | 25.5 B | 24.7 B | 23.7 B | 24 B | 23.3 B | 23.1 B | 22.5 B | 22 B | 21.8 B | 20.8 B | 20.8 B | 20.4 B | - | 19.5 B | 19.4 B | 20.6 B | 20.5 B | 20.5 B | 20.5 B | 20.5 B | 20.5 B | 20.5 B | 19.1 B | 19.1 B | 19.1 B | 19.1 B | 17.1 B | 17.1 B | 17.1 B | 17.1 B | 15.8 B | 15.8 B | 15.8 B | 15.8 B | 14.7 B | 14.7 B | 14.7 B | 14.7 B | 14 B | 14 B | 14 B | 14 B | 13.5 B | 13.5 B | 13.5 B | 13.5 B | 12 B | 12 B | 12 B | 12 B | 12.1 B | 12.1 B | 12.1 B | 12.1 B | 11 B | 11 B | 11 B | 11 B | 10.8 B | 10.4 B | 10.3 B |
Retained Earnings |
2.55 B | 2.6 B | 2.44 B | 2.32 B | 2.21 B | 2.17 B | 2.04 B | 1.93 B | 1.83 B | 1.79 B | 1.66 B | 1.5 B | 1.46 B | 1.41 B | 1.35 B | 1.32 B | - | 1.28 B | 1.06 B | 547 M | 487 M | 437 M | 214 M | 214 M | 214 M | 214 M | -25 M | -25 M | -25 M | -25 M | -271 M | -271 M | -271 M | -271 M | -531 M | -531 M | -531 M | -531 M | -616 M | -616 M | -616 M | -616 M | -855 M | -855 M | -855 M | -855 M | -1.06 B | -1.06 B | -1.06 B | -1.06 B | -1.24 B | -1.24 B | -1.24 B | -1.24 B | -1.42 B | -1.42 B | -1.42 B | -1.42 B | -1.55 B | -1.55 B | -1.55 B | -1.55 B | -1.76 B | -1.73 B | -1.83 B |
Total Assets |
40.9 B | 40.3 B | 39.9 B | 38 B | 37.7 B | 36.3 B | 35.9 B | 34.8 B | 34.4 B | 33.9 B | 33.5 B | 32.5 B | 32.3 B | 31.4 B | 31.4 B | 30.4 B | - | 28.7 B | 28.8 B | 30.5 B | 30 B | 29.7 B | 29.7 B | 29.7 B | 29.7 B | 29.7 B | 26.8 B | 26.8 B | 26.8 B | 26.8 B | 24.5 B | 24.5 B | 24.5 B | 24.5 B | 23 B | 23 B | 23 B | 23 B | 21.6 B | 21.6 B | 21.6 B | 21.6 B | 20.3 B | 20.3 B | 20.3 B | 20.3 B | 19.1 B | 19.2 B | 19.2 B | 19.2 B | 17.3 B | 17.4 B | 17.4 B | 17.4 B | 17.1 B | 17.1 B | 17.1 B | 17.1 B | 16.5 B | 16.5 B | 16.5 B | 16.5 B | 15.6 B | 15.6 B | 15.1 B |
Cash and Cash Equivalents |
241 M | 175 M | 615 M | 362 M | 844 M | 526 M | 178 M | 412 M | 789 M | 861 M | 248 M | 184 M | 406 M | 598 M | 182 M | 195 M | 96 M | 474 M | 476 M | 236 M | 153 M | 496 M | 185 M | 32 M | 32 M | 168 M | 157 M | 140 M | 140 M | 140 M | 175 M | 153 M | 153 M | 153 M | 204 M | 182 M | 182 M | 182 M | 257 M | 235 M | 235 M | 235 M | 288 M | 266 M | 266 M | 266 M | 249 M | 207 M | 207 M | 207 M | 172 M | 172 M | 172 M | 172 M | 93 M | 93 M | 93 M | 93 M | 161 M | 161 M | 161 M | 161 M | 247 M | 696 M | 536 M |
Book Value |
40.9 B | 40.3 B | 39.9 B | 38 B | 37.7 B | 36.3 B | 35.9 B | 34.8 B | 34.4 B | 33.9 B | 33.5 B | 32.5 B | 32.3 B | 31.4 B | 31.4 B | 30.4 B | - | 28.7 B | 28.8 B | 30.5 B | 30 B | 29.7 B | 29.7 B | 29.7 B | 29.7 B | 29.7 B | 26.8 B | 26.8 B | 26.8 B | 26.8 B | 24.5 B | 24.5 B | 24.5 B | 24.5 B | 23 B | 23 B | 23 B | 23 B | 21.6 B | 21.6 B | 21.6 B | 21.6 B | 20.3 B | 20.3 B | 20.3 B | 20.3 B | 19.1 B | 19.2 B | 19.2 B | 19.2 B | 17.3 B | 17.4 B | 17.4 B | 17.4 B | 17.1 B | 17.1 B | 17.1 B | 17.1 B | 16.5 B | 16.5 B | 16.5 B | 16.5 B | 15.6 B | 15.6 B | 15.1 B |
Total Shareholders Equity |
9.77 B | 9.47 B | 9.71 B | 8.86 B | 8.39 B | 8.92 B | 8.75 B | 8.11 B | 8.54 B | 8.51 B | 8.12 B | 7.76 B | 7.71 B | 7.65 B | 7.6 B | 7.5 B | 7.47 B | 7.4 B | 7.19 B | 6.65 B | 5.8 B | 5.73 B | 6.08 B | 5.5 B | 5.5 B | 5.5 B | 5.06 B | 5.02 B | 5.02 B | 5.02 B | 4.79 B | 4.76 B | 4.76 B | 4.76 B | 4.48 B | 4.44 B | 4.44 B | 4.44 B | 4.29 B | 4.25 B | 4.25 B | 4.25 B | 3.98 B | 3.94 B | 3.94 B | 3.94 B | 3.71 B | 3.67 B | 3.67 B | 3.67 B | 3.49 B | 3.45 B | 3.45 B | 3.45 B | 3.24 B | 3.19 B | 3.19 B | 3.19 B | 3.07 B | 3.03 B | 3.03 B | 3.03 B | 2.84 B | 2.82 B | 2.71 B |
Quarterly performance
Select metrics to display
All numbers in USD currency
Balance Sheet is a fundamental financial report of CMS Energy Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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