Item 6. Selected Financial Data

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Item 6. Selected Financial Data

CMS Energy Corporation

20172016201520142013
Operating revenue (in millions)($)6,5836,3996,4567,1796,566
Income from equity method investees (in millions)($)1513141513
Net income (in millions)1($)462553525479454
Net income available to common stockholders (in millions)($)460551523477452
Average common shares outstanding (in thousands)280,025277,851275,600270,580264,511
Earnings per average common share
CMS Energy–Basic($)1.641.991.901.761.71
–Diluted($)1.641.981.891.741.66
Cash provided by operations (in millions)($)1,7051,6291,6401,4811,448
Capital expenditures, excluding assets placed under capital lease (in millions)($)1,6651,6721,5641,5771,325
Total assets (in millions)($)23,05021,62220,29919,14317,249
Long-term debt, excluding current portion (in millions)($)9,1238,6408,4007,9747,060
Non-current portion of capital leases and financing obligation (in millions)($)91110118123138
Cash dividends declared per common share($)1.331.241.161.081.02
Market price of common stock at year-end($)47.3041.6236.0834.7526.77
Book value per common share at year-end($)15.7715.2314.2113.3312.98
Total employees at year-end7,9527,8007,8047,7477,781
Electric Utility Statistics
Sales (billions of kWh)3738373837
Customers (in thousands)1,8261,8051,8031,7931,793
Average sales rate per kWh(¢)11.9811.6311.3912.0411.52
Gas Utility Statistics
Sales and transportation deliveries (bcf)352358356373352
Customers (in thousands)21,7761,7721,7411,7331,724
Average sales rate per mcf($)7.517.317.898.838.51

1 Includes income attributable to noncontrolling interests of $2 million in each period.

2 Excludes off-system transportation customers.

Consumers Energy Company

20172016201520142013
Operating revenue (in millions)($)6,2226,0646,1656,8006,321
Net income (in millions)($)632616594567534
Net income available to common stockholder (in millions)($)630614592565532
Cash provided by operations (in millions)($)1,7151,6811,7941,3541,375
Capital expenditures, excluding assets placed under capital lease (in millions)($)1,6321,6561,5371,5731,320
Total assets (in millions)($)21,09919,94618,63517,82416,157
Long-term debt, excluding current portion (in millions)($)5,5615,2535,1835,1314,557
Non-current portion of capital leases and financing obligation (in millions)($)91110118123138
Total preferred stock (in millions)($)3737373737
Number of preferred stockholders at year-end1,0561,0951,1561,1911,248
Total employees at year-end7,4967,3667,3947,3887,435
Electric Utility Statistics
Sales (billions of kWh)3738373837
Customers (in thousands)1,8261,8051,8031,7931,793
Average sales rate per kWh(¢)11.9811.6311.3912.0411.52
Gas Utility Statistics
Sales and transportation deliveries (bcf)352358356373352
Customers (in thousands)11,7761,7721,7411,7331,724
Average sales rate per mcf($)7.517.317.898.838.51

1 Excludes off-system transportation customers.

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