CMS Energy Corporation (CMS) Balance Sheet

	FY25	FY24	FY23	FY22	FY21	FY20	YoY
Assets
Current Assets	$3.5B	$2.8B	$2.8B	$3.4B	$2.6B	$2.4B	+24.4%
Trade Receivables	—	—	—	$1.6B	$931.0M	$853.0M	—
Cash & Equivalents	$509.0M	$103.0M	$227.0M	$164.0M	$452.0M	$32.0M	+394.2%
Property, Plant & Equipment	$30.7B	$27.5B	$25.1B	$22.7B	$22.4B	$21.0B	+11.7%
Total Assets	$39.9B	$35.9B	$33.5B	$31.4B	$28.8B	$29.7B	+11.2%
Liabilities
Current Liabilities	$3.5B	$3.5B	$2.9B	$3.0B	$2.2B	$3.1B	+0.8%
Trade Payables	—	—	—	$928.0M	$875.0M	$661.0M	—
Deferred Tax Liabilities	$3.3B	$2.9B	$2.6B	$2.4B	$2.2B	$1.9B	+11.2%
Equity
Share Capital	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	+0.0%
Retained Earnings	$2.4B	$2.0B	$1.7B	$1.4B	$1.1B	$214.0M	+20.0%
Minority Interests	$567.0M	$518.0M	$581.0M	$580.0M	$557.0M	$581.0M	+9.5%
Total Equity	$9.7B	$8.7B	$8.1B	$7.6B	$7.2B	$6.1B	+11.0%

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CMS Energy Corporation — Balance Sheet