CMS Energy (CMS) FY2021 results: revenue $7.3 billion, up 14.2% on the year
CMS Energy Corp. (CMS) reported revenue of $7.3 billion for fiscal 2021, the year ended 31 December 2021, up 14.2% on the year before. Net income was $1.4 billion, up 79.2%, and diluted earnings per share $4.66. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2022.
Revenue
$7.3 billion
+14.2% on the year
FY2014FY2021
Operating margin
15.6%
19.2% a year earlier
FY2014FY2021
Net income
$1.4 billion
+79.2% on the year
FY2014FY2021
Diluted EPS
$4.66
+76.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,819
1,276
1,790
+42.6%
Capital expenditure
2,076
2,311
2,097
-10.2%
Free cash flow
-257
-1,035
-307
Free cash flow margin
-3.5%
-16.1%
-4.6%
Cash from investing
-1,233
-2,867
-2,816
Cash from financing
-295
1,619
1,008
Depreciation and amortisation
1,114
1,043
989
+6.8%
Dividends paid
509
467
436
+9.0%
Dividend per share
$1.74
$1.63
$1.53
+6.7%
Diluted shares, weighted
290m
286m
284m
+1.1%
Shares outstanding at period end
290m
289m
284m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,631
5,496
5,018
+20.7%
Non-controlling interest
557
581
37.0
-4.1%
Debt
12,419
12,315
13,171
+0.8%
Operating lease liabilities
25.0
25.0
37.0
0.0%
Finance lease liabilities
46.0
53.0
60.0
-13.2%
Other liabilities
9,075
11,196
8,514
-18.9%
Total liabilities and equity
28,753
29,666
26,837
-3.1%
Fixed assets
22,352
21,039
18,926
+6.2%
Securities held for sale or to maturity
n/a
n/a
26.0
Cash and equivalents
452
32.0
140
+1,312.5%
Receivables
931
853
886
+9.1%
Other assets
5,018
7,742
6,859
-35.2%
Total assets
28,753
29,666
26,837
-3.1%
10-K for the year ended 31 December 2021, filed 10 February 2022: the filing.