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CMS Energy - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

CMS Energy (ISIN: US1258961002, WKN: 850795) Kursdatum: 21.07.2017 Kurs: 46,750 USD
Beschreibung Daten
Symbol CMS
Marktkapitalisierung 13.043.250.176,00 USD
Land Vereinigte Staaten von Amerika
Indizes S&P 500
Sektor Versorger
Rohdaten nach US GAAP in Millionen USD
Aktiensplits
Internet
Letztes Bilanz Update 07.02.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
8,01 8,01 2,65% 2,54 19,67 23,73 2,04 3,07

Firmenbeschreibung

 

 

21:Quarterly Financial and Common Stock Information (Unaudited)

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions, Except Per Share Amounts and Stock Prices  

 

 

 

 

 



 

 

 

2016

 

 

 

 

 

Quarters Ended

 

 

 

March 31 

 

 

 

June 30 

 

 

 

Sept 30 

 

 

 

Dec 31 

 

 

 

 

 

 

 

 

 

CMS Energy, including Consumers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

 

 

 

 

 

 

$

 

1,801 

 

 

 

 

 

 

 

$

 

1,371 

 

 

 

 

 

 

 

$

 

1,587 

 

 

 

 

 

 

 

$

 

1,640 

 

 

 

 

 

 

 

 

 

Operating income

 

 

 

 

 

 

 

 

 

336 

 

 

 

 

 

 

 

 

 

285 

 

 

 

 

 

 

 

 

 

386 

 

 

 

 

 

 

 

 

 

290 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

 

 

 

 

164 

 

 

 

 

 

 

 

 

 

125 

 

 

 

 

 

 

 

 

 

186 

 

 

 

 

 

 

 

 

 

78 

 

 

 

 

 

 

 

 

 

Income attributable to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common stockholders

 

 

 

 

 

 

 

 

 

164 

 

 

 

 

 

 

 

 

 

124 

 

 

 

 

 

 

 

 

 

186 

 

 

 

 

 

 

 

 

 

77 

 

 

 

 

 

 

 

 

 

Basic earnings per average common share1

 

 

 

 

 

 

 

 

 

0.59 

 

 

 

 

 

 

 

 

 

0.45 

 

 

 

 

 

 

 

 

 

0.67 

 

 

 

 

 

 

 

 

 

0.28 

 

 

 

 

 

 

 

 

 

Diluted earnings per average common share1

 

 

 

 

 

 

 

 

 

0.59 

 

 

 

 

 

 

 

 

 

0.45 

 

 

 

 

 

 

 

 

 

0.67 

 

 

 

 

 

 

 

 

 

0.28 

 

 

 

 

 

 

 

 

 

Common stock prices2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High

 

 

 

 

 

 

 

 

 

42.44 

 

 

 

 

 

 

 

 

 

45.86 

 

 

 

 

 

 

 

 

 

46.17 

 

 

 

 

 

 

 

 

 

42.15 

 

 

 

 

 

 

 

 

Firmenstrategie

 

 

Principles of Consolidation: CMS Energy and Consumers prepare their consolidated financial statements in conformity with GAAP. CMS Energy’s consolidated financial statements comprise CMS Energy, Consumers, CMS Enterprises, and all other entities in which CMS Energy has a controlling financial interest or is the primary beneficiary. Consumers’ consolidated financial statements comprise Consumers and all other entities in which it has a controlling financial interest or is the primary beneficiary. CMS Energy uses the equity method of accounting for investments in companies and partnerships that are not consolidated, where they have significant influence over operations and financial policies but are not the primary beneficiary. CMS Energy and Consumers eliminate intercompany transactions and balances.

 

 

 

RevenueRecognitionPolicyTextBlock

 

 

Revenue Recognition Policy: CMS Energy and Consumers recognize revenue from deliveries of electricity and natural gas, and from the transportation, processing, and storage of natural gas, when services are provided. CMS Energy and Consumers record unbilled revenue for the estimated amount of energy delivered to customers but not yet billed. CMS Energy and Consumers record sales tax net and exclude it from revenue. CMS Energy recognizes revenue on sales of marketed electricity, natural gas, and other energy products at delivery.

 

 

SegmentReportingDisclosureTextBlock

 

 

18:Reportable Segments

Reportable segments consist of business units defined by the products and services they offer. CMS Energy and Consumers evaluate the performance of each segment based on its contribution to net income available to CMS Energy’s common stockholders.

Accounting policies for CMS Energy’s and Consumers’ segments are as described in Note 1, Significant Accounting Policies. The consolidated financial statements reflect the assets, liabilities, revenues, and expenses of the individual segments when appropriate. Accounts are allocated among the segments when common accounts are attributable to more than one segment. The allocations are based on certain measures of business activities, such as revenue, labor dollars, customers, other operation and maintenance expense, construction expense, leased property, taxes, or functional surveys. For example, customer receivables are allocated based on revenue, and pension provisions are allocated based on labor dollars.

Inter-segment sales and transfers are accounted for at current market prices and are eliminated in consolidated net income available to common stockholders by segment.

CMS Energy

The reportable segments for CMS Energy are:

 

 

 

·

 

 

 

electric utility, consisting of regulated activities associated with the generation, transmission, and distribution of electricity in Michigan

 

 

 

·

 

 

 

gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan

 

 

 

·

 

 

 

enterprises, consisting of various subsidiaries engaging primarily in domestic independent power production

CMS Energy presents EnerBank and corporate interest and other expenses within other reconciling items.

Consumers

The reportable segments for Consumers are:

 

 

 

·

 

 

 

electric utility, consisting of regulated activities associated with the generation, transmission, and distribution of electricity in Michigan

 

 

 

·

 

 

 

gas utility, consisting of regulated activities associated with the transportation, storage, and distribution of natural gas in Michigan

Consumers’ other consolidated entities are presented within other reconciling items.

Presented in the following tables is financial information by reportable segment:

 

EarningsPerSharePolicyTextBlock

 

 

Earnings Per Share: CMS Energy calculates basic and diluted EPS using the weighted-average number of shares of common stock and dilutive potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted EPS, includes the effects of nonvested stock awards and contingently convertible securities. CMS Energy computes the effect on potential common stock using the treasury stock method or the if‑converted method, as applicable. Diluted EPS excludes the impact of antidilutive securities, which are those securities resulting in an increase in EPS or a decrease in loss per share. For EPS computations, see Note 15, Earnings Per Share—CMS Energy.

 

 

 



 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 



 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

In Millions  

 
 

Years Ended December 31

 
2016   2015   2014    

 

 
 

CMS Energy, including Consumers

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Operating revenue

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Electric utility

 
 

 

 
 

$

 
4,379    

 

 
 

$

 
4,249    

 

 
 

$

 
4,436    

 

 
 

Gas utility

 
 

 

 
 

 

 
1,685    

 

 
 

 

 
1,916    

 

 
 

 

 
2,363    

 

 
 

Enterprises

 
 

 

 
 

 

 
215    

 

 
 

 

 
190    

 

 
 

 

 
299    

 

 
 

Other reconciling items

 
 

 

 
 

 

 
120    

 

 
 

 

 
101    

 

 
 

 

 
81    

 

 
 

Total operating revenue – CMS Energy

 
 

 

 
 

$

 
6,399    

 

 
 

$

 
6,456    

 

 
 

$

 
7,179    

 

 
 

Consumers

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Operating revenue

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

 

 
 

Electric utility

 
 

 

 
 

$

 
4,379    

 

 
 

$

 
4,249    

 

 
 

$

 
4,436    

 

 
 

Gas utility

 
 

 

 
 

 

 
1,685    

 

 
 

 

 
1,916    

 

 
 

 

 
2,363    

 

 
 

Other reconciling items

 
 

 

 
 

 

 
 

 -