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CMS Energy cash flow statement

In fiscal 2025, CMS Energy's operations generated $2.23bn of cash; it spent $0 on capital projects, leaving free cash flow of $2.23bn.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations8489591,1691,2411,4211,4811,6401,6291,7051,7031,7901,2761,8198552,3092,3702,2352,276
Depreciation and amortisation5705765465986286857508118819339891,0431,1141,1261,1801,2401,3061,360
Capital spending8188218821,2271,3251,5771,5641,6721,6652,0742,0972,3112,0762,3740000
Free cash flow301382871496−9676−4340−371−307−1,035−257−1,5192,3092,3702,2352,276
Dividends paid114162211252273295322347377407436467509546————
Shares issued9102930364343728341122532669192286525682

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from CMS Energy's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to CMS Energy.