Item 6. Selected Financial Data

CMS Energy Corporation



				2019	2018	2017	2016	2015

Operating revenue (in millions)			($)	6,845	6,873	6,583	6,399	6,456
Income from equity method investees (in millions)			($)	10	9	15	13	14
Net income (in millions)¹			($)	682	659	462	553	525
Net income available to common stockholders (in millions)			($)	680	657	460	551	523
Average common shares outstanding (in millions)				283.0	282.2	280.0	277.9	275.6
Earnings per average common share
CMS Energy	—	Basic	($)	2.40	2.33	1.64	1.99	1.90
	—	Diluted	($)	2.39	2.32	1.64	1.98	1.89
Cash provided by operations (in millions)			($)	1,790	1,703	1,705	1,629	1,640
Capital expenditures, excluding assets placed under finance lease (in millions)			($)	2,104	2,074	1,665	1,672	1,564
Total assets (in millions)			($)	26,837	24,529	23,050	21,622	20,299
Long-term debt, excluding current portion (in millions)			($)	11,951	10,615	9,123	8,640	8,400
Non‑current portion of finance leases and other financing (in millions)			($)	76	69	91	110	118
Cash dividends declared per common share			($)	1.53	1.43	1.33	1.24	1.16
Market price of common stock at year-end			($)	62.84	49.65	47.30	41.62	36.08
Book value per common share at year-end			($)	17.67	16.78	15.77	15.23	14.21
Total employees at year-end				8,789	8,625	7,952	7,800	7,804
Electric Utility Statistics
Sales (billions of kWh)				37	38	37	38	37
Customers (in thousands)				1,848	1,831	1,826	1,805	1,803
Average sales rate per kWh			(¢)	11.64	11.78	11.98	11.63	11.39
Gas Utility Statistics
Sales and transportation deliveries (bcf)				391	386	352	358	356
Customers (in thousands)2				1,793	1,784	1,776	1,772	1,741
Average sales rate per mcf			($)	7.44	7.44	7.51	7.31	7.89


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


2	Excludes off-system transportation customers.

Consumers Energy Company



		2019	2018	2017	2016	2015

Operating revenue (in millions)	($)	6,376	6,464	6,222	6,064	6,165
Net income (in millions)	($)	743	705	632	616	594
Net income available to common stockholder (in millions)	($)	741	703	630	614	592
Cash provided by operations (in millions)	($)	1,601	1,449	1,715	1,681	1,794
Capital expenditures, excluding assets placed under finance lease (in millions)	($)	2,085	1,822	1,632	1,656	1,537
Total assets (in millions)	($)	23,699	22,025	21,099	19,946	18,635
Long-term debt, excluding current portion (in millions)	($)	7,048	6,779	5,561	5,253	5,183
Non‑current portion of finance leases and other financing (in millions)	($)	76	69	91	110	118
Total preferred stock (in millions)	($)	37	37	37	37	37
Number of preferred stockholders at year-end		968	1,017	1,056	1,095	1,156
Total employees at year-end		8,253	8,121	7,496	7,366	7,394
Electric Utility Statistics
Sales (billions of kWh)		37	38	37	38	37
Customers (in thousands)		1,848	1,831	1,826	1,805	1,803
Average sales rate per kWh	(¢)	11.64	11.78	11.98	11.63	11.39
Gas Utility Statistics
Sales and transportation deliveries (bcf)		391	386	352	358	356
Customers (in thousands)1		1,793	1,784	1,776	1,772	1,741
Average sales rate per mcf	($)	7.44	7.44	7.51	7.31	7.89


1	Excludes off-system transportation customers.