CMS ENERGY CORP Cash Flow Statement

CMSA|15 years of annual SEC 10-K data (FY2011-FY2025)

Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.

CMS ENERGY CORP generated $2.3B in operating cash flow in FY2025.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.41 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Net Income	$887.0M	$837.0M	$1.4B	$755.0M	$680.0M	$657.0M	$460.0M	$551.0M	$523.0M	$477.0M	$452.0M	$382.0M	$417.0M	$340.0M	$229.0M
Depreciation & Amortization	$1.2B	$1.1B	$1.1B	$1.0B	$989.0M	$933.0M	$881.0M	$811.0M	$750.0M	$685.0M	$628.0M	$598.0M	$546.0M	$576.0M	$570.0M
Operating Cash Flow	$2.3B	$855.0M	$1.8B	$1.3B	$1.8B	$1.7B	$1.7B	$1.6B	$1.6B	$1.5B	$1.4B	$1.2B	$1.2B	$959.0M	$848.0M
Capital Expenditures	-	-	-	$2.3B	$2.1B	$2.1B	$1.7B	$1.7B	$1.6B	$1.6B	$1.3B	$1.2B	$882.0M	$821.0M	$818.0M
Free Cash Flow	-	-	-	-$1.0B	-$307.0M	-$371.0M	$40.0M	-$43.0M	$76.0M	-$96.0M	$96.0M	$14.0M	$287.0M	$138.0M	$30.0M
Dividends Paid	-	-	-	$467.0M	$436.0M	$407.0M	$377.0M	$347.0M	$322.0M	$295.0M	$273.0M	$252.0M	$211.0M	$162.0M	$114.0M
FCF Margin	-	-	-	-16.1%	-4.6%	-5.4%	0.6%	-0.7%	1.2%	-1.3%	1.5%	0.2%	4.4%	2.1%	0.5%

Other Financial Statements

Income Statement Balance Sheet All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

CMS ENERGY CORP Profile All Financial Data