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CMS Energy Corp, et al. – ‘10-Q’ for 9/30/19 – ‘R14’

On:  Thursday, 10/24/19, at 9:40am ET   ·   For:  9/30/19   ·   Accession #:  811156-19-15   ·   File #s:  1-05611, 1-09513

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  As Of               Filer                 Filing    For·On·As Docs:Size

10/24/19  CMS Energy Corp                   10-Q        9/30/19   85:21M
          Consumers Energy Co

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.23M 
 2: EX-4.3      Instrument Defining the Rights of Security Holders  HTML    152K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     29K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     29K 
 5: EX-31.3     Certification -- §302 - SOA'02                      HTML     29K 
 6: EX-31.4     Certification -- §302 - SOA'02                      HTML     29K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     27K 
32: R1          Cover Page                                          HTML     98K 
79: R2          Consolidated Statements of Income (Unaudited)       HTML    152K 
51: R3          Consolidated Statements of Comprehensive Income     HTML     75K 
                (Unaudited)                                                      
25: R4          Consolidated Statements Of Comprehensive Income     HTML     42K 
                (Parenthetical)                                                  
33: R5          Consolidated Statements Of Cash Flows (Unaudited)   HTML    127K 
80: R6          Consolidated Balance Sheets (Unaudited)             HTML    217K 
52: R7          Consolidated Balance Sheets (Parenthetical)         HTML     38K 
24: R8          Consolidated Statements of Changes In Equity        HTML    140K 
                (Unaudited)                                                      
36: R9          New Accounting Standards                            HTML     37K 
39: R10         Regulatory Matters                                  HTML     61K 
29: R11         Contingencies and Commitments                       HTML    176K 
59: R12         Financings and Capitalization                       HTML    212K 
85: R13         Fair Value Measurements                             HTML    141K 
37: R14         Financial Instruments                               HTML    285K 
28: R15         Notes Receivable                                    HTML     81K 
58: R16         Leases                                              HTML    475K 
84: R17         Retirement Benefits                                 HTML    247K 
41: R18         Income Taxes                                        HTML    104K 
26: R19         Earnings Per Share - CMS Energy                     HTML     70K 
62: R20         Revenue                                             HTML    540K 
69: R21         Cash And Cash Equivalents                           HTML     67K 
45: R22         Reportable Segments                                 HTML    296K 
16: R23         Asset Sales and Exit Activities                     HTML     35K 
61: R24         New Accounting Standards (Policies)                 HTML     41K 
68: R25         Contingencies And Commitments (Tables)              HTML     98K 
44: R26         Financings and Capitalization (Tables)              HTML    193K 
14: R27         Fair Value Measurements (Tables)                    HTML    118K 
60: R28         Financial Instruments (Tables)                      HTML    266K 
70: R29         Notes Receivable (Tables)                           HTML     70K 
82: R30         Leases (Tables)                                     HTML    464K 
55: R31         Retirement Benefits (Tables)                        HTML    246K 
30: R32         Income Taxes (Tables)                               HTML    104K 
42: R33         Earnings Per Share - CMS Energy (Tables)            HTML     68K 
83: R34         Revenue (Tables)                                    HTML    523K 
56: R35         Cash And Cash Equivalents (Tables)                  HTML     63K 
31: R36         Reportable Segments (Tables)                        HTML    288K 
43: R37         Regulatory Matters (Narrative) (Details)            HTML    136K 
81: R38         Contingencies And Commitments (Contingencies And    HTML     90K 
                Commitments) (Details)                                           
57: R39         Contingencies And Commitments (Expected             HTML     45K 
                Remediation Cost By Year) (Details)                              
74: R40         Contingencies And Commitments (Guarantees)          HTML     42K 
                (Details)                                                        
65: R41         Financings and Capitalization (Major Long-Term      HTML     84K 
                Debt Transactions) (Details)                                     
18: R42         Financings and Capitalization (Narrative)           HTML     61K 
                (Details)                                                        
46: R43         Financings and Capitalization (Revolving Credit     HTML     52K 
                Facilities) (Details)                                            
75: R44         Financings and Capitalization (Forward Stock        HTML     37K 
                Contracts) (Details)                                             
66: R45         Fair Value Measurements (Assets And Liabilities     HTML     72K 
                Measured At Fair Value On A Recurring Basis)                     
                (Details)                                                        
19: R46         Fair Value Measurements (Narrative) (Details)       HTML     47K 
47: R47         Financial Instruments (Schedule Of Carrying         HTML     86K 
                Amounts And Fair Values Of Financial Instruments)                
                (Details)                                                        
73: R48         Financial Instruments (Narrative) (Details)         HTML     27K 
67: R49         Financial Instruments (Schedule Of Investment       HTML     33K 
                Securities) (Details)                                            
54: R50         Notes Receivable (Schedule Of Current And           HTML     46K 
                Non-Current Notes Receivable) (Details)                          
77: R51         Notes Receivable (Narrative) (Details)              HTML     41K 
35: R52         Leases - Assets and Liabilities of Lessee           HTML     67K 
                (Details)                                                        
23: R53         Leases - Schedule of Lease Costs (Details)          HTML     42K 
53: R54         Leases - Schedule of Lessee Cash Flows (Details)    HTML     34K 
76: R55         Leases - Minimum Annual Rental Commitments post     HTML     91K 
                Topic 842 (Details)                                              
34: R56         Leases - Minimum Annual Rental Commitments pre      HTML     77K 
                Topic 842 (Details)                                              
22: R57         Leases - Lessor Leases Narrative (Details)          HTML     37K 
50: R58         Leases - Schedule of Future Payments to be          HTML     70K 
                Received (Details)                                               
78: R59         Retirement Benefits (Schedule Of Net Benefit        HTML     60K 
                Costs) (Details)                                                 
49: R60         Income Taxes (Schedule Of Effective Income Tax      HTML     75K 
                Rate Reconciliation) (Details)                                   
21: R61         Earnings Per Share - CMS Energy (Basic And Diluted  HTML     66K 
                EPS Computations) (Details)                                      
64: R62         Revenue (Components Of Operating Revenue)           HTML     86K 
                (Details)                                                        
71: R63         Revenue (Narrative) (Details)                       HTML     31K 
48: R64         Cash And Cash Equivalents (Schedule Of Cash And     HTML     44K 
                Cash Equivalents, Including Restricted Amounts)                  
                (Details)                                                        
20: R65         Reportable Segments (Details)                       HTML     72K 
63: R66         Asset Sales and Exit Activities - Narrative         HTML     53K 
                (Details)                                                        
40: R9999       Uncategorized Items - consumersenergy10q0930.htm    HTML     38K 
15: XML         IDEA XML File -- Filing Summary                      XML    152K 
27: XML         XBRL Instance -- consumersenergy10q0930_htm          XML   7.28M 
38: EXCEL       IDEA Workbook of Financial Reports                  XLSX    102K 
10: EX-101.CAL  XBRL Calculations -- cms-20190930_cal                XML    351K 
11: EX-101.DEF  XBRL Definitions -- cms-20190930_def                 XML   1.41M 
12: EX-101.LAB  XBRL Labels -- cms-20190930_lab                      XML   2.14M 
13: EX-101.PRE  XBRL Presentations -- cms-20190930_pre               XML   1.49M 
 9: EX-101.SCH  XBRL Schema -- cms-20190930                          XSD    207K 
17: JSON        XBRL Instance as JSON Data -- MetaLinks              454±   682K 
72: ZIP         XBRL Zipped Folder -- 0000811156-19-000015-xbrl      Zip    560K

‘R14’   —   Financial Instruments

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.19.3
Financial Instruments
 9 Months Ended
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Financial Instruments Financial Instruments
Presented in the following table are the carrying amounts and fair values, by level within the fair value hierarchy, of CMS Energy’s and Consumers’ financial instruments that are not recorded at fair value. The table excludes cash, cash equivalents, short‑term financial instruments, and trade accounts receivable and payable whose carrying amounts approximate their fair values. For information about assets and liabilities recorded at fair value and for additional details regarding the fair value hierarchy, see Note 5, Fair Value Measurements.
In Millions
 
 
 
 
 
 
Fair Value
 
 
 
Fair Value
 
Carrying
 
 
 
Level
 
Carrying
 
 
 
Level
 
Amount
 
Total 
 
1
 
2
 
3
 
 
Amount
 
Total 
 
1
 
2
 
3
 
CMS Energy, including Consumers
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long‑term receivables1
 
$
21

 
$
21

 
$
—

 
$
—

 
$
21

 
 
$
22

 
$
22

 
$
—

 
$
—

 
$
22

Notes receivable2
 
2,464

 
2,619

 
—

 
—

 
2,619

 
 
1,857

 
1,967

 
—

 
—

 
1,967

Securities held to maturity
 
24

 
25

 
—

 
25

 
—

 
 
22

 
21

 
—

 
21

 
—

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt3
 
13,094

 
14,371

 
1,245

 
11,163

 
1,963

 
 
11,589

 
11,630

 
459

 
9,404

 
1,767

Long-term payables4
 
31

 
32

 
—

 
—

 
32

 
 
27

 
27

 
—

 
—

 
27

Consumers
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long‑term receivables1
 
$
21

 
$
21

 
$
—

 
$
—

 
$
21

 
 
$
22

 
$
22

 
$
—

 
$
—

 
$
22

Notes receivable – related party5
 
104

 
104

 
—

 
—

 
104

 
 
106

 
106

 
—

 
—

 
106

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long‑term debt6
 
7,189

 
8,035

 
—

 
6,072

 
1,963

 
 
6,805

 
6,833

 
—

 
5,066

 
1,767

1 
Includes current portion of long-term accounts receivable of $14 million at September 30, 2019 and December 31, 2018.
2 
Includes current portion of notes receivable of $234 million at September 30, 2019 and $233 million at December 31, 2018. For further details, see Note 7, Notes Receivable.
3 
Includes current portion of long‑term debt of $1.1 billion at September 30, 2019 and $1.0 billion at December 31, 2018.
4 
Includes current portion of long‑term payables of $3 million at September 30, 2019 and $1 million at December 31, 2018.
5 
Includes current portion of notes receivable – related party of $7 million at September 30, 2019 and December 31, 2018. For further details, see Note 7, Notes Receivable.
6 
Includes current portion of long‑term debt of $102 million at September 30, 2019 and $26 million at December 31, 2018.
The effects of third‑party credit enhancements were excluded from the fair value measurements of long‑term debt. The principal amount of CMS Energy’s long‑term debt supported by third‑party credit enhancements was $35 million at September 30, 2019 and December 31, 2018. The entirety of these amounts was at Consumers.
Debt securities classified as held to maturity consisted primarily of mortgage‑backed securities and Utah Housing Corporation bonds held by EnerBank. Presented in the following table are these investment securities:
In Millions
 
 
 
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
CMS Energy
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt securities
 
$
24

 
$
1

 
$
—

 
$
25

 
 
$
22

 
$
—

 
$
1

 
$
21
Consumers Energy Company  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Financial Instruments Financial Instruments
Presented in the following table are the carrying amounts and fair values, by level within the fair value hierarchy, of CMS Energy’s and Consumers’ financial instruments that are not recorded at fair value. The table excludes cash, cash equivalents, short‑term financial instruments, and trade accounts receivable and payable whose carrying amounts approximate their fair values. For information about assets and liabilities recorded at fair value and for additional details regarding the fair value hierarchy, see Note 5, Fair Value Measurements.
In Millions
 
 
 
 
 
 
Fair Value
 
 
 
Fair Value
 
Carrying
 
 
 
Level
 
Carrying
 
 
 
Level
 
Amount
 
Total 
 
1
 
2
 
3
 
 
Amount
 
Total 
 
1
 
2
 
3
 
CMS Energy, including Consumers
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long‑term receivables1
 
$
21

 
$
21

 
$
—

 
$
—

 
$
21

 
 
$
22

 
$
22

 
$
—

 
$
—

 
$
22

Notes receivable2
 
2,464

 
2,619

 
—

 
—

 
2,619

 
 
1,857

 
1,967

 
—

 
—

 
1,967

Securities held to maturity
 
24

 
25

 
—

 
25

 
—

 
 
22

 
21

 
—

 
21

 
—

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt3
 
13,094

 
14,371

 
1,245

 
11,163

 
1,963

 
 
11,589

 
11,630

 
459

 
9,404

 
1,767

Long-term payables4
 
31

 
32

 
—

 
—

 
32

 
 
27

 
27

 
—

 
—

 
27

Consumers
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long‑term receivables1
 
$
21

 
$
21

 
$
—

 
$
—

 
$
21

 
 
$
22

 
$
22

 
$
—

 
$
—

 
$
22

Notes receivable – related party5
 
104

 
104

 
—

 
—

 
104

 
 
106

 
106

 
—

 
—

 
106

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long‑term debt6
 
7,189

 
8,035

 
—

 
6,072

 
1,963

 
 
6,805

 
6,833

 
—

 
5,066

 
1,767

1 
Includes current portion of long-term accounts receivable of $14 million at September 30, 2019 and December 31, 2018.
2 
Includes current portion of notes receivable of $234 million at September 30, 2019 and $233 million at December 31, 2018. For further details, see Note 7, Notes Receivable.
3 
Includes current portion of long‑term debt of $1.1 billion at September 30, 2019 and $1.0 billion at December 31, 2018.
4 
Includes current portion of long‑term payables of $3 million at September 30, 2019 and $1 million at December 31, 2018.
5 
Includes current portion of notes receivable – related party of $7 million at September 30, 2019 and December 31, 2018. For further details, see Note 7, Notes Receivable.
6 
Includes current portion of long‑term debt of $102 million at September 30, 2019 and $26 million at December 31, 2018.
The effects of third‑party credit enhancements were excluded from the fair value measurements of long‑term debt. The principal amount of CMS Energy’s long‑term debt supported by third‑party credit enhancements was $35 million at September 30, 2019 and December 31, 2018. The entirety of these amounts was at Consumers.
Debt securities classified as held to maturity consisted primarily of mortgage‑backed securities and Utah Housing Corporation bonds held by EnerBank. Presented in the following table are these investment securities:
In Millions
 
 
 
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
CMS Energy
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt securities
 
$
24

 
$
1

 
$
—

 
$
25

 
 
$
22

 
$
—

 
$
1

 
$
21

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:10/24/198-K
For Period end:9/30/19
12/31/1810-K
 List all Filings 

5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/08/24  CMS Energy Corp.                  10-K       12/31/23  160:41M
 2/27/23  CMS Energy Corp.                  S-3ASR      2/27/23    9:770K                                   Toppan Merrill/FA
 2/09/23  CMS Energy Corp.                  10-K       12/31/22  152:41M
 2/10/22  CMS Energy Corp.                  10-K       12/31/21  163:43M
 2/11/21  CMS Energy Corp.                  10-K       12/31/20  154:42M
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Filing Submission 0000811156-19-000015   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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