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Cms Energy Corp (CMS) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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CMS Annual Reports

Cms Energy Corp

CIK: 811156 Ticker: CMS

 

Exhibit 99.1

 

 

CMS Energy Announces Strong 2021 Results and Raises 2022 Adjusted EPS Guidance

 

JACKSON, Mich., Feb. 3, 2022 – CMS Energy announced today reported earnings per share of $4.66 for 2021, compared to $2.64 per share for 2020. The company’s adjusted earnings per share were $2.65 for 2021, compared to $2.47 per share for 2020. CMS Energy also recently announced the increase of its annual dividend by 10 cents per share to $1.84 for 2022.

 

CMS Energy raised its 2022 adjusted earnings guidance to $2.85 to $2.89 per share, from $2.85 to $2.87 per share* (*See below for important information about non-GAAP measures) and reaffirmed long-term adjusted EPS growth of 6 to 8 percent, with continued confidence toward the high end of the adjusted EPS growth range.

 

“CMS Energy is well positioned for continued success following a strong year of execution in 2021 and the announcement of an updated 5-year customer investment plan of $14.3 billion,” said Garrick Rochow, President and CEO of CMS Energy and Consumers Energy. “We continue to demonstrate our commitment, delivering across the Triple Bottom Line of People, Planet and Profit, to serve our customers, communities and investors.”

 

CMS Energy (NYSE: CMS) is a Michigan-based energy company featuring Consumers Energy as its primary business. It also owns and operates independent power generation businesses.

 

# # #

 

CMS Energy will hold a webcast to discuss its 2021 year-end results and provide a business and financial outlook on February 3 at 9:30 a.m. (EST). To participate in the webcast, go to CMS Energy’s homepage (cmsenergy.com) and select “Events and Presentations.”

 


The following information was filed by Cms Energy Corp (CMS) on Thursday, February 3, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Cms Energy Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Cms Energy Corporation Consolidated Balance Sheets
Cms Energy Corporation Consolidated Balance Sheets (Parenthetical)
Cms Energy Corporation Consolidated Statements Of Cash Flows
Cms Energy Corporation Consolidated Statements Of Changes In Equity
Cms Energy Corporation Consolidated Statements Of Comprehensive Income
Cms Energy Corporation Consolidated Statements Of Comprehensive Income (Parenthetical)
Cms Energy Corporation Consolidated Statements Of Income
Cms Energy Corporation Consolidated Statements Of Income (Parenthetical)
Consumers Energy Company Consolidated Balance Sheets
Consumers Energy Company Consolidated Balance Sheets (Parenthetical)
Consumers Energy Company Consolidated Statements Of Cash Flows
Consumers Energy Company Consolidated Statements Of Changes In Equity
Consumers Energy Company Consolidated Statements Of Comprehensive Income
Consumers Energy Company Consolidated Statements Of Comprehensive Income (Parenthetical)
Consumers Energy Company Consolidated Statements Of Income
Asset Retirement Obligations
Asset Retirement Obligations (Details)
Asset Retirement Obligations (Tables)
Cash And Cash Equivalents
Cash And Cash Equivalents (Schedule Of Cash And Cash Equivalents, Including Restricted Amounts) (Details)
Cash And Cash Equivalents (Tables)
Contingencies And Commitments
Contingencies And Commitments (Contingencies And Commitments) (Details)
Contingencies And Commitments (Expected Remediation Cost By Year) (Details)
Contingencies And Commitments (Guarantees) (Details)
Contingencies And Commitments (Tables)
Earnings Per Share - Cms Energy
Earnings Per Share - Cms Energy (Basic And Diluted Eps Computations) (Details)
Earnings Per Share - Cms Energy (Tables)
Exit Activities And Discontinued Operations
Exit Activities And Discontinued Operations - (Tables)
Exit Activities And Discontinued Operations - Assets And Liabilities Of Discontinued Operation (Details)
Exit Activities And Discontinued Operations - Income From Discontinued Operations (Details)
Exit Activities And Discontinued Operations - Narrative (Details)
Exit Activities And Discontinued Operations - Schedule Of Retention Benefit Liability Roll Forward (Details)
Fair Value Measurements
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Fair Value Measurements (Assets Reported At Fair Value On A Nonrecurring Basis) (Details)
Fair Value Measurements (Tables)
Fair Value Measurements - Narrative (Details)
Financial Instruments
Financial Instruments (Narrative) (Details)
Financial Instruments (Schedule Of Carrying Amounts And Fair Values Of Financial Instruments) (Details)
Financial Instruments (Tables)
Financings And Capitalization
Financings And Capitalization (Major Long-Term Debt Transactions) (Details)
Financings And Capitalization (Narrative) (Details)
Financings And Capitalization (Schedule Of Debt Maturities) (Details)
Financings And Capitalization (Schedule Of Forward Stock Contracts) (Details)
Financings And Capitalization (Schedule Of Preferred Stock) (Details)
Financings And Capitalization (Schedule Of Revolving Credit Facilities) (Details)
Financings And Capitalization (Summary Of Long-Term Debt) (Details)
Financings And Capitalization (Tables)
Income Taxes
Income Taxes (Loss And Credit Carryforwards) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Principal Components Of Deferred Income Tax Assets And Liabilities) (Details)
Income Taxes (Reconciliation Of Beginning And Ending Uncertain Tax Benefits) (Details)
Income Taxes (Schedule Of Effective Income Rate Reconciliation) (Details)
Income Taxes (Significant Components Of Income Tax Expense) (Details)
Income Taxes (Tables)
Leases And Palisades Financing
Leases And Palisades Financing - (Tables)
Leases And Palisades Financing - Assets And Liabilities Of Lessee (Details)
Leases And Palisades Financing - Lessor Leases Narrative (Details)
Leases And Palisades Financing - Minimum Annual Rental Commitments Post Topic 842 (Details)
Leases And Palisades Financing - Palisades Financing (Details)
Leases And Palisades Financing - Schedule Of Future Payments To Be Received (Details)
Leases And Palisades Financing - Schedule Of Lease Costs (Details)
Leases And Palisades Financing - Schedule Of Lessee Cash Flows (Details)
Other Income And Other Expense
Other Income And Other Expense (Components Of Other Expense) (Details)
Other Income And Other Expense (Tables)
Plant, Property, And Equipment
Plant, Property, And Equipment (Jointly Owned Regulated Utility Facilities) (Details)
Plant, Property, And Equipment (Public Utilities Property Plant And Equipment Schedule Of Composite Depreciation Rate Table) (Details)
Plant, Property, And Equipment (Public Utilities, Allowance For Funds Used During Construction, Schedule Of Composite Rate Table) (Details)
Plant, Property, And Equipment (Schedule Of Depreciation And Amortization Expense) (Details)
Plant, Property, And Equipment (Schedule Of Depreciation And Amortization) (Details)
Plant, Property, And Equipment (Schedule Of Estimated Amortization Expense For Intangibles) (Details)
Plant, Property, And Equipment (Schedule Of Finance Leases And Other Financing Obligations) (Details)
Plant, Property, And Equipment (Schedule Of Finite-Lived Intangible Assets By Major Class Table) (Details)
Plant, Property, And Equipment (Schedule Of Plant, Property, And Equipment) (Details)
Plant, Property, And Equipment (Tables)
Quarterly Financial And Common Stock Information (Details)
Quarterly Financial And Common Stock Information (Tables)
Quarterly Financial And Common Stock Information (Unaudited)
Regulatory Matters
Regulatory Matters (Narrative) (Details)
Regulatory Matters (Schedule Of Assets And Liabilities For Pscr And Gcr Over/(Under) Recoveries) (Details)
Regulatory Matters (Schedule Of Regulatory Assets And Liabilities) (Details)
Regulatory Matters (Tables)
Related Party Transactions - Consumers
Related Party Transactions - Consumers (Details)
Related Party Transactions - Consumers (Tables)
Reportable Segments
Reportable Segments (Details)
Reportable Segments (Tables)
Retirement Benefits
Retirement Benefits (Narrative) (Details)
Retirement Benefits (Schedule Of Allocation Of Plan Assets) (Details)
Retirement Benefits (Schedule Of Asset Allocation) (Details)
Retirement Benefits (Schedule Of Assumptions Used) (Details)
Retirement Benefits (Schedule Of Expected Benefit Payments) (Details)
Retirement Benefits (Schedule Of Funded Status Of Retirement Benefit Plans) (Details)
Retirement Benefits (Schedule Of Net Benefit Costs) (Details)
Retirement Benefits (Schedule Of Net Periodic Benefit Cost Not Yet Recognized) (Details)
Retirement Benefits (Schedule Of Plan Contributions) (Details)
Retirement Benefits (Schedule Of Retirement Benefit Plan Assets (Liabilities)) (Details)
Retirement Benefits (Schedule Of Serp Trust Assets, Abo And Contributions) (Details)
Retirement Benefits (Tables)
Revenue
Revenue (Disaggregation Of Revenue) (Details)
Revenue (Narrative) (Details)
Revenue (Tables)
Schedule 1 - Condensed Financial Information Of Registrant (Condensed Statements Of Income - Parenthetical) (Details)
Schedule I - Condensed Financial Information Of Registrant
Schedule I - Condensed Financial Information Of Registrant (Condensed Balance Sheets) (Details)
Schedule I - Condensed Financial Information Of Registrant (Condensed Statements Of Cash Flows) (Details)
Schedule I - Condensed Financial Information Of Registrant (Condensed Statements Of Income) (Details)
Schedule I - Condensed Financial Information Of Registrant (Narrative) (Details)
Schedule Ii - Valuation And Qualifying Accounts And Reserves
Schedule Ii - Valuation And Qualifying Accounts And Reserves (Details)
Significant Accounting Policies
Significant Accounting Policies (Policy)
Stock-Based Compensation
Stock-Based Compensation (Narrative) (Details)
Stock-Based Compensation (Schedule Of Compensation Cost For Share-Based Payment Arrangements, Allocation Of Share-Based Compensation Costs By Plan) (Details)
Stock-Based Compensation (Schedule Of Restricted Stock Activity - Granted) (Details)
Stock-Based Compensation (Schedule Of Restricted Stock Activity) (Details)
Stock-Based Compensation (Schedule Of Share-Based Payment Award, Restricted Stock, Valuation Assumptions) (Details)
Stock-Based Compensation (Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Weighted Average Grant Date Fair Value) (Details)
Stock-Based Compensation (Tables)
Variable Interest Entities
Variable Interest Entities (Consolidated Information Of Variable Interest Entity) (Details)
Variable Interest Entities (Narrative) (Details)
Variable Interest Entities (Tables)
Ticker: CMS
CIK: 811156
Form Type: 10-K Annual Report
Accession Number: 0000811156-22-000048
Submitted to the SEC: Thu Feb 10 2022 10:13:23 AM EST
Accepted by the SEC: Thu Feb 10 2022
Period: Friday, December 31, 2021
Industry: Electric And Other Services Combined

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