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Cms Energy Corp (CMS) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Cms Energy Corp

CIK: 811156 Ticker: CMS

Exhibit 99.1

 

LOGO

CMS ENERGY ANNOUNCES 2012 EARNINGS OF $1.42 PER SHARE, OR $1.55 PER SHARE ON AN ADJUSTED BASIS, AND PROVIDES 2013 ADJUSTED EARNINGS GUIDANCE OF $1.63 TO $1.66 PER SHARE

JACKSON, Mich., Feb. 21, 2013 – CMS Energy announced today reported net income of $67 million, or $0.25 per share, for the fourth quarter of 2012, compared to reported net income of $41 million, or $0.15 per share, for the same quarter of 2011.

The company’s fourth quarter adjusted (non-Generally Accepted Accounting Principles) net income, which excludes the effects of one-time items, also was $67 million, or $0.25 per share, compared to $42 million, or $0.15 per share, for the same quarter in 2011.

For 2012, CMS Energy had reported net income of $382 million, or $1.42 per share, compared to $415 million, or $1.58 per share, for the same period of 2011. On an adjusted basis, the company had net income of $417 million, or $1.55 per share, for 2012 compared to $382 million, or $1.45 per share, for the same period in 2011.

The company’s reported net income for 2012 includes a one-time charge of $36 million, or $0.14 per share, reflecting the write-off of an electric decoupling regulatory asset at the company’s Michigan utility, Consumers Energy. The company’s 2011 reported net income included a one-time non-cash gain of $32 million, or $0.12 per share, related to the company’s non-utility operations.

CMS Energy provided guidance for 2013 adjusted earnings of $1.63 to $1.66 per share, consistent with the company’s long-term plan of 5 percent to 7 percent annual earnings per share growth. The company’s reported earnings could vary from adjusted earnings because of several factors, such as legacy issues associated with prior asset sales and regulatory items from prior years. Because of those uncertainties, the company isn’t providing reported earnings guidance.

John Russell, CMS Energy’s president and chief executive officer, said the company’s strong financial performance in 2012 marked 10 straight years that it has met or exceeded its adjusted earnings guidance.


The following information was filed by Cms Energy Corp (CMS) on Thursday, February 21, 2013 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Income (parenthetical)
Asset Retirement Obligations
Asset Retirement Obligations (details)
Asset Retirement Obligations (tables)
Asset Sales, Discontinued Operations, And Impairment Charges
Asset Sales, Discontinued Operations, And Impairment Charges (asset Sales) (details)
Asset Sales, Discontinued Operations, And Impairment Charges (discontinued Operations) (details)
Asset Sales, Discontinued Operations, And Impairment Charges (impairment Charges) (details)
Asset Sales, Discontinued Operations, And Impairment Charges (tables)
Contingencies And Commitments
Contingencies And Commitments (contingencies And Commitments) (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 (convertible Debentures) (details)
Earnings Per Share - Cms Energy (tables)
Fair Value Measurements
Fair Value Measurements (assets And Liabilities Measured At Fair Value On A Nonrecurring Basis) (details)
Fair Value Measurements (assets And Liabilities Measured At Fair Value On A Recurring Basis Using Significant Level 3 Inputs) (details)
Fair Value Measurements (assets And Liabilties Measured At Fair Value On A Recurring Basis) (details)
Fair Value Measurements (tables)
Financial Instruments
Financial Instruments (narrative) (details)
Financial Instruments (schedule Of Carrying Amounts And Fair Values Of Financial Instruments) (details)
Financial Instruments (schedule Of Investment Securities) (details)
Financial Instruments (summary Of The Sales Activity For Investment Securities) (details)
Financial Instruments (tables)
Financings And Capitalization
Financings And Capitalization (capitalization) (details)
Financings And Capitalization (contingently Convertible Securities) (details)
Financings And Capitalization (debt Maturities) (details)
Financings And Capitalization (dividend Restrictions) (details)
Financings And Capitalization (issuance Of Common Stock) (details)
Financings And Capitalization (major Long-term Debt Transactions) (details)
Financings And Capitalization (preferred Stock Of Subsidiary) (details)
Financings And Capitalization (revolving Credit Facilities) (details)
Financings And Capitalization (short-term Borrowings) (details)
Financings And Capitalization (summary Of Long-term Debt Outstanding) (details)
Financings And Capitalization (tables)
Income Taxes
Income Taxes (loss And Credit Carryforwards) (details)
Income Taxes (narrative) (details)
Income Taxes (policy)
Income Taxes (principal Components Of Deferred Income Tax Assets) (details)
Income Taxes (reconciliation Of Beginning And Ending Uncertain Tax Benefits) (details)
Income Taxes (schedule Of Effective Income Tax Rate Reconciliation) (details)
Income Taxes (significant Components Of Income Tax Expense) (details)
Income Taxes (tables)
Leases
Leases (narrative) (details)
Leases (schedule Of Future Minimum Lease Payments For Leases) (details)
Leases (schedule Of Rent Expense) (details)
Leases (tables)
New Accounting Standards
Notes Receivable
Notes Receivable (policy)
Notes Receivable (schedule Of Allowance For Loan Losses) (details)
Notes Receivable (schedule Of Current And Non-current Notes Receivable) (details)
Notes Receivable (tables)
Other Income And Other Expense
Other Income And 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 (property, Plant And Equipment Table) (details)
Plant, Property, And Equipment (public Utilities Property Plant And Equipment Schedule Of Accumulated Depreciation And Amortization) (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 Capital Leased Asssets) (details)
Plant, Property, And Equipment (schedule Of Finite Lived Intangible Assets Amortization Expense) (details)
Plant, Property, And Equipment (schedule Of Finite-lived Intangible Assets By Major Class Table) (details)
Plant, Property, And Equipment (tables)
Quarterly Financial And Common Stock Information
Quarterly Financial And Common Stock Information (details)
Quarterly Financial And Common Stock Information (tables)
Regulatory Matters
Regulatory Matters (narrative) (details)
Regulatory Matters (schedule Of Gcr Reconciliation Filing Pending With The Mpsc) (details)
Regulatory Matters (schedule Of Pscr Reconciliation Filings Pending With The Mpsc) (details)
Regulatory Matters (schedule Of The Components Of Pscr And Gcr Over/(under) Recoveries) (details)
Regulatory Matters (schedule Of The Components 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 Accumulated And Projected Benefit Obligations) (details)
Retirement Benefits (schedule Of Allocation Of Plan Assets) (details)
Retirement Benefits (schedule Of Assumptions Used) (details)
Retirement Benefits (schedule Of Benefit Obligations In Excess Of Fair Value Of Plan Assets) (details)
Retirement Benefits (schedule Of Effect Of One-percentage-point Change In Assumed Health Care Cost Trend Rates) (details)
Retirement Benefits (schedule Of Expected Benefit Payments) (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 Serp Trust Assets, Abo And Contributions) (details)
Retirement Benefits (tables)
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 Income) (details)
Schedule I - Condensed Financial Information Of Registrant (narrative) (details)
Schedule I - Condensed Financial Information Of Registrant (statements Of Cash Flows) (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 Share-based Compensation, Restricted Stock Units Award Activity) (details)
Stock-based Compensation (schedule Of Share-based Compensation, Stock Options, 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 (details)
Variable Interest Entities (tables)
Ticker: CMS
CIK: 811156
Form Type: 10-K Annual Report
Accession Number: 0001047469-13-001373
Submitted to the SEC: Thu Feb 21 2013 12:46:29 PM EST
Accepted by the SEC: Thu Feb 21 2013
Period: Monday, December 31, 2012
Industry: Electric And Other Services Combined

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