CMS Energy (CMS) FY2022 results: revenue $8.6 billion, up 17.3% on the year
CMS Energy Corp. (CMS) reported revenue of $8.6 billion for fiscal 2022, the year ended 31 December 2022, up 17.3% on the year before. Net income was $837 million, down 38.1%, and diluted earnings per share $2.85. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.
Revenue
$8.6 billion
+17.3% on the year
FY2015FY2022
Operating margin
14.2%
15.6% a year earlier
FY2015FY2022
Net income
$837 million
-38.1% on the year
FY2015FY2022
Diluted EPS
$2.85
-38.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
855
1,819
1,276
-53.0%
Capital expenditure
2,374
2,076
2,311
+14.4%
Free cash flow
-1,519
-257
-1,035
Free cash flow margin
-17.7%
-3.5%
-16.1%
Cash from investing
-2,476
-1,233
-2,867
Cash from financing
1,327
-295
1,619
Depreciation and amortisation
1,126
1,114
1,043
+1.1%
Dividends paid
546
509
467
+7.3%
Dividend per share
$1.84
$1.74
$1.63
+5.7%
Diluted shares, weighted
290m
290m
286m
+0.2%
Shares outstanding at period end
291m
290m
289m
+0.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,015
6,631
5,496
+5.8%
Non-controlling interest
580
557
581
+4.1%
Debt
14,212
12,419
12,315
+14.4%
Operating lease liabilities
27.0
25.0
25.0
+8.0%
Finance lease liabilities
68.0
46.0
53.0
+47.8%
Other liabilities
9,451
9,075
11,196
+4.1%
Total liabilities and equity
31,353
28,753
29,666
+9.0%
Fixed assets
22,713
22,352
21,039
+1.6%
Cash and equivalents
164
452
32.0
-63.7%
Receivables
1,564
931
853
+68.0%
Other assets
6,912
5,018
7,742
+37.7%
Total assets
31,353
28,753
29,666
+9.0%
10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.