Cms Energy Corporation · NYSE:CMS
Cms Energy — Q1 2022 Earnings Presentation
5 slides from Cms Energy's earnings presentation, May 2022
Slide 1: GAAP Reconciliation
CMS Energy provides historical financial results on both a reported (GAAP) and adjusted (non-GAAP) basis and provides forward-looking guidance on an adjusted basis. During an oral presentation, references to “earnings” are on an adjusted basis. All references to net income refer to net income availa
Slide 2: Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income
CMS ENERGY CORPORATION Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income (Unaudited) In Millions, Except Per Share Amounts Three Months Ended 3/31/22 3/31/21 Net Income Available to Common Stockholders $ 351 $ 349 Reconciling items: Disposal of discontinued operations gain (5) - Tax
Slide 3: Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income by Quarter
CMS ENERGY CORPORATION Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income by Quarter (Unaudited) In Millions, Except Per Share Amounts 2022 1Q Net Income Available to Common Stockholders $ 351 Reconciling items: Electric utility and gas utility - Tax impact - Enterprises (1) Tax impac
Slide 4: Reconciliations of GAAP Net Income to Non-GAAP EBIT and EBITDA
CMS ENERGY CORPORATION Reconciliations of GAAP Net Income to Non-GAAP EBIT and EBITDA (Unaudited) In Millions Twelve Months Ended 3/31/22 12/31/21 3/31/21 Net Income Available to Common Stockholders $ 1,350 $ 1,348 $ 861 Reconciling items: Income tax expense 254 265 157 Interest on long-term debt 48
Slide 5: Consumers Energy: Reconciliations of GAAP Net Income to Non-GAAP EBIT and EBITDA
CONSUMERS ENERGY COMPANY Reconciliations of GAAP Net Income to Non-GAAP EBIT and EBITDA (Unaudited) In Millions Twelve Months Ended 3/31/22 12/31/21 3/31/21 Net Income Available to Common Stockholder $ 913 $ 866 $ 915 Reconciling items: Income tax expense 147 156 185 Interest on long-term debt 296 2