| Address:
|
ONE ENERGY PLAZA
|
| City: |
JACKSON |
|
State: |
MI |
|
Zip Code: |
49201 |
| Telephone: |
517-788-1031 |
|
Description of Business
|
Primary SIC Code:
4931 |
| (As filed with the SEC)
|
|
|
CMS Energy was formed in Michigan in 1987 and is an energy holding company
operating through subsidiaries in the United States, primarily in Michigan. Its
two principal subsidiaries are Consumers and Enterprises. Consumers is a public
utility that provides electricity and/or natural gas to almost 6.5 million of
Michigan's 10 million residents and serves customers in all 68 counties of
Michigan's Lower Peninsula. Enterprises, through various subsidiaries and
certain equity investments, is engaged primarily in domestic independent power
production.
CMS Energy's consolidated operating revenue was $6.464 billion in 2007,
$6.126 billion in 2006, and $5.879 billion in 2005. CMS Energy manages its
businesses by the nature of services each provides and operates principally in
three business segments: electric utility, gas utility, and enterprises. See
BUSINESS SEGMENTS in this Item 1 for further discussion of each segment. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2009 | 1.08 | 0.125 | 12.41 | | 06/2009 | 1.10 | 0.125 | 10.98 | | 03/2009 | 1.10 | 0.125 | 10.76 | | 12/2008 | 1.23 | 0.125 | 8.22 | | 09/2008 | 0.40 | 0.090 | 31.18 | | 06/2008 | 0.44 | 0.090 | 33.86 | | 03/2008 | 0.79 | 0.090 | 17.14 | | 12/2007 | -0.62 | 0.090 | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 0.07 | Total Liab/Total Assets | 0.82 | | Net Inc/Total Assets | 0.02 | Total Liab/Inv Cap | 0.97 | | Net Inc/Inv Cap | 0.02 | Total Liab/Comm Equity | 2.71 | | Pretax Inc/Net Sales | 0.07 | Interest Coverage Ratio | 2.15 | | Net Inc/Net Sales | 0.04 | Curr Debt/Equity | 0.19 | | Cash Flow/Net Sales | 0.08 | LTD/Equity | 2.31 | | SG&A/NetSales | 0.15 | Total Debt/Equity | 2.50 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 6.76 | Quick Ratio | 0.76 | | Inventory Turnover | 3.19 | Current Ratio | 1.52 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.34 | | Net Sales/Work Cap | 7.08 | Inv/Curr Assets | 0.50 | | Net Sales/PP&E | 0.74 | | |
Income Statement (Millions) |
| |
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Total Revenues(Net Sales)
|
1,274.00
|
1,228.00
|
2,106.00
|
1,841.00
|
|
Cost of Goods Sold
|
744.00
|
608.00
|
1,387.00
|
1,383.00
|
|
Selling & Admin Exps
|
168.00
|
365.00
|
340.00
|
131.00
|
|
Operating Income
|
237.00
|
142.00
|
206.00
|
175.00
|
|
Interest Exp
|
103.00
|
105.00
|
99.00
|
103.00
|
|
Pretax Income
|
132.00
|
79.00
|
121.00
|
81.00
|
|
Other Income
|
10.00
|
42.00
|
15.00
|
9.00
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
75.00
|
77.00
|
72.00
|
64.00
|
|
Assets
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Cash & Short Term Investments
|
213.00
|
1,056.00
|
862.00
|
248.00
|
|
Receivables - Total
|
867.00
|
918.00
|
1,205.00
|
953.00
|
|
Inventories - Total
|
1,527.00
|
1,138.00
|
839.00
|
1,405.00
|
|
Total Current Assets
|
2,662.00
|
3,156.00
|
2,984.00
|
2,827.00
|
|
Net Property, Plant & Equipment
|
9,566.00
|
9,421.00
|
9,266.00
|
9,190.00
|
|
Total Assets
|
14,883.00
|
15,277.00
|
15,002.00
|
14,901.00
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
786.00
|
950.00
|
816.00
|
969.00
|
|
Debt in Current Liabilities
|
712.00
|
604.00
|
311.00
|
514.00
|
|
Total Current Liabilities
|
1,830.00
|
1,823.00
|
1,436.00
|
1,863.00
|
|
Long-Term Debt
|
6,116.00
|
6,587.00
|
6,657.00
|
6,243.00
|
|
Total Liabilities
|
11,966.00
|
12,695.00
|
12,485.00
|
12,195.00
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
53.00
|
51.00
|
52.00
|
96.00
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
243.00
|
|
Common Stock
|
2.00
|
2.00
|
2.00
|
2.00
|
|
Retained Earnings
|
-1,900.00
|
-1,945.00
|
-1,991.00
|
-2,007.00
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
2,634.00
|
2,582.00
|
2,517.00
|
2,706.00
|
|
Total Liabilities and Stockholders' Equity
|
14,600.00
|
15,277.00
|
15,002.00
|
14,901.00
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Net Cash Provided by Operating Activities
|
-165.00
|
197.00
|
606.00
|
376.00
|
|
Net Cash Provided by Investing Activities
|
-243.00
|
-244.00
|
-192.00
|
-301.00
|
|
Net Cash Provided by Financing Activities
|
-434.00
|
246.00
|
199.00
|
-24.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 5,587.00 | 121.00 | 0.67 | | 12/2005 | 6,413.00 | -84.00 | -0.51 | | 12/2006 | 6,899.00 | -79.00 | -0.44 | | 12/2007 | 6,504.00 | -215.00 | -0.62 | | 12/2008 | 6,821.00 | 300.00 | 1.23 | | Growth Rates | 5.12 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 330 | 253,482 | -- |
|
Report Date :
3/1/2010
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