Item 6. Selected Financial Data

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Item 6. Selected Financial Data

CMS Energy Corporation


		2020	2019	2018	2017	2016
Operating revenue (in millions)	($)	6,680	6,845	6,873	6,583	6,399
Income from equity method investees (in millions)	($)	5	10	9	15	13
Net income (in millions)	($)	752	682	659	462	553
Income (loss) attributable to noncontrolling interests (in millions)	($)	(3)	2	2	2	2
Net income available to common stockholders (in millions)	($)	755	680	657	460	551
Average common shares outstanding (in millions)		285.0	283.0	282.2	280.0	277.9
Earnings per average common share
– Basic	($)	2.65	2.40	2.33	1.64	1.99
– Diluted	($)	2.64	2.39	2.32	1.64	1.98
Cash provided by operations (in millions)	($)	1,276	1,790	1,703	1,705	1,629
Capital expenditures, excluding assets placed under finance lease (in millions)	($)	2,317	2,104	2,074	1,665	1,672
Total assets (in millions)	($)	29,666	26,837	24,529	23,050	21,622
Long-term debt, excluding current portion (in millions)	($)	13,634	11,951	10,615	9,123	8,640
Non‑current portion of finance leases and other financing (in millions)	($)	56	76	69	91	110
Cash dividends declared per common share	($)	1.63	1.53	1.43	1.33	1.24
Market price of common stock at year-end	($)	61.01	62.84	49.65	47.30	41.62
Book value per common share at year-end	($)	19.02	17.67	16.78	15.77	15.23
Total employees at year-end		8,837	8,789	8,625	7,952	7,800
Electric Utility Statistics
Sales (billions of kWh)		35	37	38	37	38
Customers (in thousands)		1,866	1,848	1,831	1,826	1,805
Average sales rate per kWh	(¢)	11.74	11.64	11.78	11.98	11.63
Gas Utility Statistics
Sales and transportation deliveries (bcf)		360	391	386	352	358
Customers (in thousands)1		1,804	1,793	1,784	1,776	1,772
Average sales rate per mcf	($)	7.60	7.44	7.44	7.51	7.31

1Excludes off-system transportation customers.

Consumers Energy Company


		2020	2019	2018	2017	2016
Operating revenue (in millions)	($)	6,189	6,376	6,464	6,222	6,064
Net income (in millions)	($)	816	743	705	632	616
Net income available to common stockholder (in millions)	($)	814	741	703	630	614
Cash provided by operations (in millions)	($)	1,218	1,601	1,449	1,715	1,681
Capital expenditures, excluding assets placed under finance lease (in millions)	($)	2,170	2,085	1,822	1,632	1,656
Total assets (in millions)	($)	25,399	23,699	22,025	21,099	19,946
Long-term debt, excluding current portion (in millions)	($)	7,742	7,048	6,779	5,561	5,253
Non‑current portion of finance leases and other financing (in millions)	($)	56	76	69	91	110
Total preferred stock (in millions)	($)	37	37	37	37	37
Number of preferred stockholders at year-end		922	968	1,017	1,056	1,095
Total employees at year-end		8,230	8,253	8,121	7,496	7,366
Electric Utility Statistics
Sales (billions of kWh)		35	37	38	37	38
Customers (in thousands)		1,866	1,848	1,831	1,826	1,805
Average sales rate per kWh	(¢)	11.74	11.64	11.78	11.98	11.63
Gas Utility Statistics
Sales and transportation deliveries (bcf)		360	391	386	352	358
Customers (in thousands)1		1,804	1,793	1,784	1,776	1,772
Average sales rate per mcf	($)	7.60	7.44	7.44	7.51	7.31

1Excludes off-system transportation customers.

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