CMS Energy Corporation · NYSE:CMS
CMS Energy — Q2 2023 Earnings Presentation
6 slides from CMS Energy's earnings presentation, Oct 13, 2023
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 EPS to Non-GAAP Adjusted EPS by Segment
CMS ENERGY CORPORATION Reconciliation of GAAP EPS to Non-GAAP Adjusted EPS by Segment (Unaudited) In Millions, Except Per Share Amounts Three Months Ended Six Months Ended 6/30/23 6/30/22 6/30/23 6/30/22 Electric Utility Reported net income per share $ 0.50 $ 0.48 $ 0.74 $ 1.06 Reconciling items: Ot
Slide 3: 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 Six Months Ended 6/30/23 6/30/22 6/30/23 6/30/22 Net Income Available to Common Stockholders $ 195 $ 145 $ 397 $ 496 Reconciling items: Dispos
Slide 4: 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 2023 1Q 2Q Net Income Available to Common Stockholders $ 202 $ 195 Reconciling items: Electric utility and gas utility 3 30 Tax impact (1) (7) NorthSt
Slide 5: 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 6/30/23 12/31/22 6/30/22 Net Income Available to Common Stockholders $ 728 $ 827 $ 1,319 Reconciling items: Income tax expense 110 94 239 Interest on long-term debt 562 5
Slide 6: Consumers Energy Company 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 6/30/23 12/31/22 6/30/22 Net Income Available to Common Stockholder $ 786 $ 943 $ 896 Reconciling items: Income tax expense 133 140 145 Interest on long-term debt 375 3