Last $29.86 USD
Change Today +0.26 / 0.88%
Volume 2.1M
CMS On Other Exchanges
Symbol
Exchange
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Berlin
As of 8:04 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for cms energy corp (CMS)

CMS Energy Corp. may have more financial risk than other companies in the Multi-Utilities industry as it is one of the most highly leveraged. Its Debt to Total Capital ratio stands at 69.54%. However, an examination of near-term assets and liabilities shows that, even though there are not enough liquid assets to satisfy current obligations, Operating Profits are more than adequate to service the debt. Cash collection is average with Accounts Receivable are typical for the industry, although improving, with 53.48 days worth of sales outstanding. Last, CMS Energy Corp. is among the most efficient in its industry at managing inventories, with only 78.61 days of its Cost of Goods Sold tied up in inventory.
Currency in
Millions of US Dollars
As of:Dec 31
2010
Dec 31
2011
Dec 31
2012
Reclassified
Dec 31
2013
4 Year
Trend
Assets    
Cash and Equivalents247.0161.093.0172.0
TOTAL CASH AND SHORT TERM INVESTMENTS247.0161.093.0172.0
Accounts Receivable1,006.0921.0938.0986.0
Notes Receivable70.07.0--1.0
TOTAL RECEIVABLES1,076.0928.0938.0987.0
Inventory1,175.01,187.01,084.0881.0
Prepaid Expenses217.0237.0243.0288.0
Deferred Tax Assets, Current--24.0--126.0
Restricted Cash23.027.029.032.0
Other Current Assets21.01.035.040.0
TOTAL CURRENT ASSETS2,759.02,565.02,422.02,526.0
Gross Property Plant and Equipment14,715.015,534.016,672.017,333.0
Accumulated Depreciation-4,646.0-4,901.0-5,121.0-5,087.0
NET PROPERTY PLANT AND EQUIPMENT10,069.010,633.011,551.012,246.0
Long-Term Investments49.050.057.059.0
Accounts Receivable, Long Term375.0462.0520.0635.0
Other Long-Term Assets271.0276.0294.0420.0
TOTAL ASSETS15,616.016,452.017,131.017,416.0
    
LIABILITIES & EQUITY    
Accounts Payable501.0584.0521.0595.0
Accrued Expenses102.0101.095.096.0
Short-Term Borrowings----110.0170.0
Current Portion of Capital Lease Obligations24.024.022.021.0
Current Income Taxes Payable302.0282.0279.0361.0
Other Current Liabilities, Total186.0314.0183.0161.0
TOTAL CURRENT LIABILITIES2,021.02,338.01,797.01,945.0
Long-Term Debt6,419.06,011.06,710.07,101.0
Capital Leases188.0167.0153.0138.0
Minority Interest44.044.044.037.0
Pension & Other Post-Retirement Benefits1,135.01,289.01,451.0337.0
Deferred Tax Liability Non-Current487.01,081.01,058.01,656.0
Other Non-Current Liabilities2,500.02,465.02,724.02,748.0
TOTAL LIABILITIES12,779.013,380.013,893.013,925.0
Common Stock2.03.03.03.0
Additional Paid in Capital4,588.04,627.04,669.04,715.0
Retained Earnings-1,757.0-1,553.0-1,423.0-1,242.0
Comprehensive Income and Other-40.0-49.0-55.0-22.0
TOTAL COMMON EQUITY2,793.03,028.03,194.03,454.0
TOTAL EQUITY2,837.03,072.03,238.03,491.0
TOTAL LIABILITIES AND EQUITY15,616.016,452.017,131.017,416.0
 

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CMS:US $29.86 USD +0.26

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Industry Analysis

CMS

Industry Average

Valuation CMS Industry Range
Price/Earnings 15.7x
Price/Sales 1.1x
Price/Book 2.2x
Price/Cash Flow 7.0x
TEV/Sales NM Not Meaningful
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