Item 6. Selected Financial Data

CMS Energy Corporation



				2018	2017	2016	2015	2014

Operating revenue (in millions)			($)	6,873	6,583	6,399	6,456	7,179
Income from equity method investees (in millions)			($)	9	15	13	14	15
Net income (in millions)1			($)	659	462	553	525	479
Net income available to common stockholders (in millions)			($)	657	460	551	523	477
Average common shares outstanding (in thousands)				282,171	280,025	277,851	275,600	270,580
Earnings per average common share
CMS Energy	—	Basic	($)	2.33	1.64	1.99	1.90	1.76
	—	Diluted	($)	2.32	1.64	1.98	1.89	1.74
Cash provided by operations (in millions)			($)	1,703	1,705	1,629	1,640	1,481
Capital expenditures, excluding assets placed under capital lease (in millions)			($)	2,074	1,665	1,672	1,564	1,577
Total assets (in millions)			($)	24,529	23,050	21,622	20,299	19,143
Long-term debt, excluding current portion (in millions)			($)	10,615	9,123	8,640	8,400	7,974
Non-current portion of capital leases and financing obligation (in millions)			($)	69	91	110	118	123
Cash dividends declared per common share			($)	1.43	1.33	1.24	1.16	1.08
Market price of common stock at year-end			($)	49.65	47.30	41.62	36.08	34.75
Book value per common share at year-end			($)	16.78	15.77	15.23	14.21	13.33
Total employees at year-end				8,625	7,952	7,800	7,804	7,747
Electric Utility Statistics
Sales (billions of kWh)				38	37	38	37	38
Customers (in thousands)				1,831	1,826	1,805	1,803	1,793
Average sales rate per kWh			(¢)	11.78	11.98	11.63	11.39	12.04
Gas Utility Statistics
Sales and transportation deliveries (bcf)				386	352	358	356	373
Customers (in thousands)2				1,784	1,776	1,772	1,741	1,733
Average sales rate per mcf			($)	7.44	7.51	7.31	7.89	8.83


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


2	Excludes off-system transportation customers.

Consumers Energy Company



		2018	2017	2016	2015	2014

Operating revenue (in millions)	($)	6,464	6,222	6,064	6,165	6,800
Net income (in millions)	($)	705	632	616	594	567
Net income available to common stockholder (in millions)	($)	703	630	614	592	565
Cash provided by operations (in millions)	($)	1,449	1,715	1,681	1,794	1,354
Capital expenditures, excluding assets placed under capital lease (in millions)	($)	1,822	1,632	1,656	1,537	1,573
Total assets (in millions)	($)	22,025	21,099	19,946	18,635	17,824
Long-term debt, excluding current portion (in millions)	($)	6,779	5,561	5,253	5,183	5,131
Non-current portion of capital leases and financing obligation (in millions)	($)	69	91	110	118	123
Total preferred stock (in millions)	($)	37	37	37	37	37
Number of preferred stockholders at year-end		1,017	1,056	1,095	1,156	1,191
Total employees at year-end		8,121	7,496	7,366	7,394	7,388
Electric Utility Statistics
Sales (billions of kWh)		38	37	38	37	38
Customers (in thousands)		1,831	1,826	1,805	1,803	1,793
Average sales rate per kWh	(¢)	11.78	11.98	11.63	11.39	12.04
Gas Utility Statistics
Sales and transportation deliveries (bcf)		386	352	358	356	373
Customers (in thousands)1		1,784	1,776	1,772	1,741	1,733
Average sales rate per mcf	($)	7.44	7.51	7.31	7.89	8.83


1	Excludes off-system transportation customers.