CMS Energy (CMS) FY2016 results: revenue $6.4 billion, down 0.9% on the year
CMS Energy Corp. (CMS) reported revenue of $6.4 billion for fiscal 2016, the year ended 31 December 2016, down 0.9% on the year before. Net income was $551 million, up 5.4%, and diluted earnings per share $1.98. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2017.
Revenue
$6.4 billion
-0.9% on the year
FY2009FY2016
Operating margin
19.6%
18.2% a year earlier
FY2009FY2016
Net income
$551 million
+5.4% on the year
FY2009FY2016
Diluted EPS
$1.98
+4.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
6,399
6,456
7,179
-0.9%
Operating income
1,256
1,178
1,152
+6.6%
Operating margin
19.6%
18.2%
16.0%
Interest expense
435
396
407
+9.8%
Pre-tax income
826
796
729
+3.8%
Income tax
273
271
250
+0.7%
Effective tax rate
33.1%
34.0%
34.3%
Net income
551
523
477
+5.4%
Net margin
8.6%
8.1%
6.6%
Diluted EPS
$1.98
$1.89
$1.74
+4.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,629
1,640
n/a
-0.7%
Capital expenditure
1,672
1,564
1,577
+6.9%
Free cash flow
-43.0
76.0
n/a
Free cash flow margin
-0.7%
1.2%
n/a
Cash from investing
-1,915
-2,064
n/a
Cash from financing
255
463
n/a
-44.9%
Depreciation and amortisation
811
750
685
+8.1%
Dividends paid
347
322
295
+7.8%
Dividend per share
$1.24
$1.16
$1.08
+6.9%
Diluted shares, weighted
279m
276m
275m
+0.9%
Shares outstanding at period end
279m
277m
275m
+0.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,253
3,938
3,670
+8.0%
Non-controlling interest
37.0
37.0
37.0
0.0%
Debt
9,924
9,355
8,616
+6.1%
Other liabilities
7,408
6,969
6,820
+6.3%
Total liabilities and equity
21,622
20,299
19,143
+6.5%
Fixed assets
15,715
14,705
13,412
+6.9%
Securities held for sale or to maturity
13.0
11.0
11.0
+18.2%
Cash and equivalents
235
266
207
-11.7%
Receivables
821
774
881
+6.1%
Other assets
4,838
4,543
4,632
+6.5%
Total assets
21,622
20,299
19,143
+6.5%
10-K for the year ended 31 December 2016, filed 7 February 2017: the filing.