Is CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) a Buy, Sell, or Hold?
NYSE : CMSD
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 — Financials
$22.2 USD
-$0.05 (-0.22%)
- Volume
- 38.2K
- Average Volume
- 48.55K
- Market Capitalization
- $6.8B
- P/E Ratio
- 19.86
- Dividend Yield
- 3.07%
- Price Target
- Year High
- $24.76
- Year Low
- $21.75
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.61
- Current Ratio
- $0.84
CMSD Financial Statements
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 8.54B | 7.52B | 7.46B | 8.6B | 7.33B | 6.42B | 6.84B | 6.87B | 6.58B | 6.4B |
| costOfRevenue | 6.3B | 5.55B | 5.78B | 6.96B | 5.79B | 4.83B | 5.27B | 5.41B | 4.96B | 4.04B |
| grossProfit | 2.24B | 1.97B | 1.68B | 1.64B | 1.54B | 1.59B | 1.57B | 1.46B | 1.62B | 2.36B |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | - | - | - | - | - | - | - | - | - | 41M |
| otherExpenses | 513M | 482M | 447M | 412M | 389M | 357M | 333M | 303M | 284M | 1.06B |
| operatingExpenses | 513M | 482M | 447M | 412M | 389M | 357M | 333M | 303M | 284M | 1.1B |
| costAndExpenses | 6.81B | 6.03B | 6.23B | 7.37B | 6.18B | 5.19B | 5.61B | 5.71B | 5.24B | 5.14B |
| netInterestIncome | -751M | -658M | -606M | -514M | -497M | -494M | -512M | -447M | -426M | -429M |
| interestIncome | 38M | 50M | 37M | 5M | 3M | 11M | 7M | 11M | 12M | 6M |
| interestExpense | 789M | 708M | 643M | 519M | 500M | 505M | 519M | 458M | 438M | 435M |
| depreciationAndAmortization | 1.11B | 1.24B | 1.18B | 1.13B | 1.11B | 1.04B | 992M | 933M | 881M | 690M |
| ebitda | 3.02B | 3.07B | 2.78B | 2.55B | 2.44B | 2.36B | 2.34B | 2.16B | 2.2B | 2B |
| ebit | 1.91B | 1.83B | 1.6B | 1.42B | 1.32B | 1.31B | 1.35B | 1.23B | 1.32B | 1.31B |
| nonOperatingIncomeExcludingInterest | -186M | -344M | -362M | -197M | -177M | -84M | -109M | -70M | 14M | -51M |
| operatingIncome | 1.73B | 1.49B | 1.24B | 1.22B | 1.15B | 1.23B | 1.24B | 1.16B | 1.34B | 1.26B |
| totalOtherIncomeExpensesNet | -479M | -364M | -281M | -322M | -323M | -421M | -410M | -388M | -452M | -430M |
| incomeBeforeTax | 1.25B | 1.12B | 954M | 902M | 823M | 809M | 829M | 774M | 886M | 826M |
| incomeTaxExpense | 246M | 176M | 147M | 93M | 95M | 115M | 147M | 115M | 424M | 273M |
| netIncomeFromContinuingOperations | 1B | 947M | 807M | 809M | 728M | 694M | 682M | 659M | 462M | 553M |
| netIncomeFromDiscontinuedOperations | - | - | 1M | 4M | 602M | 58M | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | 1.07B | 1B | 887M | 837M | 1.35B | 755M | 680M | 657M | 460M | 551M |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | 1.07B | 993M | 877M | 827M | 1.35B | 755M | 680M | 657M | 460M | 551M |
| eps | 3.53 | 3.34 | 3.01 | 2.86 | 4.66 | 2.65 | 2.4 | 2.33 | 1.64 | 1.98 |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 615M | 178M | 227M | 164M | 452M | 49M | 157M | 174M | 199M | 254M |
| shortTermInvestments | - | - | 21M | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 615M | 178M | 248M | 164M | 452M | 49M | 157M | 174M | 199M | 254M |
| netReceivables | 1.32B | 1.06B | 944M | 1.58B | 943M | 872M | 1.13B | 1.23B | 1.24B | 1.01B |
| accountsReceivables | 1.32B | 1.06B | 944M | 1.58B | 943M | 872M | 1.13B | 1.23B | 1.24B | 1.01B |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | 791M | 769M | 938M | 1.12B | 667M | 576M | 605M | 650M | 672M | 626M |
| prepaids | - | - | -21M | 497M | 495M | - | - | - | - | - |
| otherCurrentAssets | 743M | 780M | 730M | 75M | 70M | 907M | 443M | 417M | 362M | 387M |
| totalCurrentAssets | 3.47B | 2.79B | 2.84B | 3.43B | 2.63B | 2.4B | 2.33B | 2.47B | 2.48B | 2.28B |
| propertyPlantEquipmentNet | 30.7B | 27.48B | 25.1B | 22.74B | 22.38B | 21.05B | 18.97B | 18.13B | 16.76B | 15.72B |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | -2.09B | -1.86B | -1.81B | -1.64B | -3.04B |
| longTermInvestments | 79M | 89M | 98M | 71M | 71M | 89M | 2.35B | 1.71B | 1.25B | 1.18B |
| taxAssets | 447M | 591M | 759M | - | - | 2.09B | 1.86B | 1.81B | 1.64B | 3.04B |
| otherNonCurrentAssets | 5.69B | 5.56B | 5.48B | 5.1B | 3.68B | 6.12B | 3.18B | 2.22B | 2.56B | 2.44B |
| totalNonCurrentAssets | 36.92B | 33.72B | 31.44B | 27.92B | 26.13B | 27.26B | 24.51B | 22.06B | 20.58B | 19.34B |
| otherAssets | - | - | -759M | - | - | - | - | - | - | - |
| totalAssets | 40.39B | 36.51B | 33.52B | 31.35B | 28.75B | 29.67B | 26.84B | 24.53B | 23.05B | 21.62B |
| totalPayables | 1.4B | 917M | 809M | 936M | 886M | 668M | 635M | 733M | 740M | 610M |
| accountPayables | 1.4B | 917M | 809M | 936M | 886M | 668M | 635M | 733M | 740M | 610M |
| otherPayables | - | - | - | - | - | - | - | - | - | - |
| accruedExpenses | - | - | - | 660M | 622M | - | - | - | - | - |
| shortTermDebt | 959M | 1.26B | 1.08B | 1.11B | 376M | 598M | 1.23B | 1.09B | 1.27B | 1.28B |
| capitalLeaseObligationsCurrent | - | - | - | 13M | 9M | - | - | - | - | - |
| taxPayables | - | - | - | - | - | - | 437M | 398M | 360M | 348M |
| deferredRevenue | - | - | - | - | - | 2.09B | 1.86B | 398M | 360M | 348M |
| otherCurrentLiabilities | 1.18B | 1.34B | 1.01B | 266M | 311M | -286M | -1.02B | 400M | 411M | 413M |
| totalCurrentLiabilities | 3.55B | 3.52B | 2.9B | 2.98B | 2.2B | 3.07B | 2.7B | 2.62B | 2.78B | 2.66B |
| longTermDebt | 17.81B | 15.19B | 14.51B | 13.12B | 12.05B | 11.74B | 11.95B | 10.62B | 9.12B | 8.64B |
| capitalLeaseObligationsNonCurrent | 154M | 133M | 84M | 95M | 71M | 81M | 113M | 69M | 91M | 110M |
| deferredRevenueNonCurrent | - | - | 84M | - | - | - | -1.66B | 69M | 91M | 110M |
| deferredTaxLiabilitiesNonCurrent | 3.82B | 3.64B | 3.5B | - | - | 1.98B | 1.66B | 1.59B | 1.36B | 2.36B |
| otherNonCurrentLiabilities | 5.35B | 5.28B | 5.16B | 7.56B | 7.24B | 6.71B | 7.01B | 6.43B | 6.57B | 5.93B |
| totalNonCurrentLiabilities | 27.13B | 24.24B | 23.26B | 20.77B | 19.36B | 20.52B | 19.08B | 17.11B | 15.79B | 14.68B |
| otherLiabilities | - | - | -759M | - | - | - | - | - | - | - |
| capitalLeaseObligations | 154M | 133M | 84M | 108M | 80M | 81M | 113M | 69M | 91M | 110M |
| totalLiabilities | 30.68B | 27.76B | 25.39B | 23.76B | 21.56B | 23.59B | 21.78B | 19.74B | 18.57B | 17.33B |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | 224M | 224M | 224M | 224M | 224M | - | 37M | 37M | 37M | 37M |
| commonStock | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M |
| retainedEarnings | 2.44B | 2.04B | 1.66B | 1.35B | 1.06B | 214M | -25M | -271M | -531M | -616M |
| additionalPaidInCapital | 6.51B | 6.01B | 5.7B | 5.49B | 5.41B | 5.36B | - | - | - | - |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | 1.07B | 1B | 886M | 833M | 751M | 158M | 680M | 657M | 460M | 551M |
| depreciationAndAmortization | 1.31B | 1.24B | 1.06B | 1.13B | 1.11B | 1.04B | 992M | 933M | 881M | 811M |
| deferredIncomeTax | 202M | 142M | - | 89M | 249M | 170M | 150M | 182M | 417M | 264M |
| stockBasedCompensation | - | - | 28M | 26M | 22M | 11M | - | 17M | 17M | 16M |
| changeInWorkingCapital | -61M | 262M | 416M | -1.11B | -46M | -25M | -33M | 105M | -174M | 7M |
| accountsReceivables | -251M | -155M | 241M | -677M | -103M | -5M | 45M | 15M | -66M | -155M |
| inventory | -28M | 164M | 185M | -450M | -93M | 28M | 44M | 14M | -46M | 146M |
| accountsPayables | 196M | 15M | -136M | 4M | 153M | 56M | -69M | 22M | 49M | 59M |
| otherWorkingCapital | 22M | 238M | 126M | 10M | -3M | -104M | -53M | 54M | -111M | -43M |
| otherNonCashItems | -283M | -277M | -76M | -106M | -271M | -81M | 1M | 1.64B | 1.95B | 1.57B |
| netCashProvidedByOperatingActivities | 2.24B | 2.37B | 2.31B | 855M | 1.82B | 1.28B | 1.79B | 1.7B | 1.7B | 1.63B |
| investmentsInPropertyPlantAndEquipment | -3.82B | -3.02B | -3.22B | -2.37B | -2.08B | -2.31B | -2.1B | -2.07B | -1.66B | -1.67B |
| acquisitionsNet | - | - | - | 2M | 1M | 89M | 97M | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | 146M | - | - |
| otherInvestingActivities | -214M | -36M | -161M | -102M | 843M | -614M | -809M | -532M | -203M | -243M |
| netCashProvidedByInvestingActivities | -4.04B | -3.05B | -3.38B | -2.47B | -1.23B | -2.84B | -2.82B | -2.61B | -1.87B | -1.92B |
| netDebtIssuance | 2.39B | 982M | 1.49B | 1.81B | 100M | 1.02B | 1.43B | 1.24B | 404M | 530M |
| longTermNetDebtIssuance | 2.46B | 1.01B | 1.42B | 1.79B | 100M | 1.11B | 1.44B | 1.24B | 404M | 530M |
| shortTermNetDebtIssuance | -65M | -28M | 73M | 20M | - | -90M | -7M | - | - | - |
| netStockIssuance | 525M | 286M | 192M | 69M | 250M | 253M | 12M | 41M | 83M | 72M |
| netCommonStockIssuance | 525M | 286M | 192M | 69M | 250M | 253M | 12M | 41M | 83M | 72M |
| commonStockIssuance | 525M | 286M | 192M | 69M | 250M | 253M | 12M | 41M | 83M | 72M |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | -663M | -626M | -579M | -546M | -509M | -467M | -436M | -407M | -377M | -347M |
| commonDividendsPaid | -663M | -626M | -579M | -546M | -509M | -467M | -436M | -407M | -377M | -347M |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | -16M | -28M | 32M | -11M | -137M | 782M | - | - | - | - |
| netCashProvidedByFinancingActivities | 2.24B | 614M | 1.14B | 1.32B | -296M | 1.59B | 1.01B | 874M | 110M | 255M |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 2.73B | 2.23B | 2.02B | 1.84B | 2.45B | 1.99B | 1.74B | 1.61B | 2.18B | 1.95B |
| costOfRevenue | 1.21B | 1.66B | 1.43B | 1.41B | 1.79B | 1.44B | 1.28B | 1.22B | 1.61B | 1.43B |
| grossProfit | 1.52B | 570M | 588M | 426M | 656M | 551M | 466M | 385M | 567M | 523M |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 621M | - | - | - | - | - | - | - | - | - |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 621M | - | - | - | - | - | - | - | - | - |
| otherExpenses | 412M | 135M | 107M | 109M | 162M | 126M | 99M | 102M | 155M | 117M |
| operatingExpenses | 1.03B | 135M | 107M | 109M | 162M | 126M | 99M | 102M | 155M | 117M |
| costAndExpenses | 2.24B | 1.8B | 1.54B | 1.52B | 1.95B | 1.56B | 1.38B | 1.32B | 1.76B | 1.54B |
| netInterestIncome | -203M | -192M | -206M | -202M | -189M | -169M | -183M | -179M | -177M | -172M |
| interestIncome | - | - | - | - | - | - | - | - | - | - |
| interestExpense | 203M | 192M | 206M | 202M | 189M | 169M | 183M | 179M | 177M | 172M |
| depreciationAndAmortization | 412M | 142M | 288M | 288M | 388M | 326M | 273M | 273M | 368M | 310M |
| ebitda | 827M | 505M | 834M | 745M | 935M | 744M | 729M | 675M | 866M | 799M |
| ebit | 415M | 363M | 546M | 457M | 547M | 418M | 456M | 402M | 498M | 489M |
| nonOperatingIncomeExcludingInterest | 75M | 72M | -65M | -140M | -53M | 7M | -89M | -119M | -86M | -83M |
| operatingIncome | 490M | 435M | 481M | 317M | 494M | 425M | 367M | 283M | 412M | 406M |
| totalOtherIncomeExpensesNet | -128M | -140M | -141M | -62M | -136M | -119M | -94M | -60M | -91M | -89M |
| incomeBeforeTax | 362M | 295M | 340M | 255M | 358M | 306M | 273M | 223M | 321M | 317M |
| incomeTaxExpense | 85M | 53M | 68M | 62M | 63M | 51M | 26M | 41M | 58M | 66M |
| netIncomeFromContinuingOperations | 277M | 242M | 272M | 193M | 295M | 255M | 247M | 182M | 263M | 251M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | 340M | 289M | 277M | 201M | 304M | 265M | 253M | 198M | 287M | 309M |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | 338M | 286M | 275M | 198M | 302M | 262M | 251M | 195M | 285M | 306M |
| eps | 1.1 | 0.94 | 0.92 | 0.66 | 1.01 | 0.88 | 0.84 | 0.65 | 0.96 | 1.04 |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 175M | 615M | 432M | 925M | 526M | 178M | 467M | 699M | 861M | 248M |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 175M | 615M | 432M | 925M | 526M | 178M | 467M | 699M | 861M | 248M |
| netReceivables | 1.42B | 1.32B | 934M | 936M | 1.03B | 1.06B | 803M | 825M | 898M | 944M |
| accountsReceivables | 1.4B | 1.32B | 934M | 936M | 1.03B | 1.06B | 803M | 825M | 898M | 944M |
| otherReceivables | 14M | - | - | - | - | - | - | - | - | - |
| inventory | 642M | 791M | 903M | 736M | 580M | 769M | 884M | 779M | 677M | 938M |
| prepaids | 225M | - | - | - | 475M | - | - | -1.6B | - | - |
| otherCurrentAssets | 567M | 743M | 476M | 596M | 173M | 780M | 2.24B | 2.29B | 655M | 709M |
| totalCurrentAssets | 3.02B | 3.47B | 2.74B | 3.19B | 2.78B | 2.79B | 4.39B | 2.98B | 3.09B | 2.84B |
| propertyPlantEquipmentNet | 31.53B | 30.7B | 29.69B | 28.85B | 27.9B | 27.48B | - | 25.88B | 25.28B | 25.1B |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | - |
| longTermInvestments | 65M | 79M | 82M | 130M | 91M | 89M | 94M | 95M | 95M | 98M |
| taxAssets | - | 447M | - | - | - | 591M | 3B | - | - | 759M |
| otherNonCurrentAssets | 5.66B | 5.69B | 5.49B | 5.53B | 5.52B | 5.56B | -94M | 5.4B | 5.44B | 5.48B |
| totalNonCurrentAssets | 37.26B | 36.92B | 35.26B | 34.51B | 33.51B | 33.72B | 3B | 31.37B | 30.81B | 31.44B |
| otherAssets | - | - | - | - | - | - | 27.42B | - | - | - |
| totalAssets | 40.28B | 40.39B | 38.01B | 37.7B | 36.3B | 36.51B | 34.82B | 34.36B | 33.9B | 34.28B |
| totalPayables | 1.24B | 1.4B | 1.15B | 1.15B | 832M | 917M | 954M | 796M | 651M | 809M |
| accountPayables | 1.24B | 1.4B | 1.15B | 1.15B | 832M | 917M | 954M | 796M | 651M | 809M |
| otherPayables | - | - | - | - | - | - | - | - | - | - |
| accruedExpenses | 207M | - | - | - | - | - | - | - | - | - |
| shortTermDebt | 1.36B | 959M | 1.16B | 1.12B | 707M | 1.26B | 507M | 772M | 772M | 1.08B |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | 516M | - | - | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - | -1.57B | - | - |
| otherCurrentLiabilities | 787M | 1.18B | 741M | 925M | 1.09B | 1.34B | 730M | 2.53B | 872M | 1.01B |
| totalCurrentLiabilities | 3.59B | 3.55B | 3.05B | 3.2B | 2.63B | 3.52B | 2.19B | 2.53B | 2.3B | 2.9B |
| longTermDebt | 17.46B | 17.81B | 16.77B | 16.78B | 16.15B | 15.19B | 15.55B | 14.92B | 14.97B | 14.51B |
| capitalLeaseObligationsNonCurrent | 262M | 154M | 137M | 139M | 111M | 133M | 112M | 79M | 61M | 84M |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | 84M |
| deferredTaxLiabilitiesNonCurrent | 3.34B | 3.82B | 3.29B | 3.2B | 3.13B | 3.64B | 2.96B | 2.91B | 2.8B | 3.5B |
| otherNonCurrentLiabilities | 5.58B | 5.35B | 5.32B | 5.41B | 5.36B | 5.28B | 5.36B | 5.38B | 5.26B | 5.16B |
| totalNonCurrentLiabilities | 26.64B | 27.13B | 25.52B | 25.53B | 24.74B | 24.24B | 23.98B | 23.29B | 23.1B | 23.26B |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | 262M | 154M | 137M | 139M | 111M | 133M | 112M | 79M | 61M | 84M |
| totalLiabilities | 30.23B | 30.68B | 28.58B | 28.73B | 27.37B | 27.76B | 26.18B | 25.81B | 25.4B | 26.15B |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | 224M | 224M | 224M | 224M | 224M | 224M | 224M | 224M | 224M | 224M |
| commonStock | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M |
| retainedEarnings | 2.6B | 2.44B | 2.32B | 2.21B | 2.17B | 2.04B | 1.93B | 1.83B | 1.79B | 1.66B |
| additionalPaidInCapital | 6.67B | 6.51B | 6.36B | 6B | 5.98B | 6.01B | 6B | 5.99B | 5.98B | 5.7B |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | 277M | 189M | 277M | 241M | 295M | 265M | 352M | 198M | 287M | 309M |
| depreciationAndAmortization | 412M | 227M | 288M | 403M | 388M | 326M | 407M | 273M | 368M | 310M |
| deferredIncomeTax | 82M | -108M | 47M | 61M | - | 39M | -61M | 28M | 51M | - |
| stockBasedCompensation | - | - | - | - | - | - | - | - | - | 28M |
| changeInWorkingCapital | -11M | -104M | -227M | -33M | 303M | -148M | -47M | 295M | 310M | -136M |
| accountsReceivables | -24M | -365M | 34M | 85M | -5M | -340M | 32M | 126M | 27M | -256M |
| inventory | 148M | 106M | -168M | -156M | 190M | 113M | 377M | -101M | 259M | 122M |
| accountsPayables | -137M | 202M | -30M | 11M | 13M | - | -15M | 67M | -69M | -13M |
| otherWorkingCapital | 2M | -47M | -63M | 27M | 105M | 79M | -441M | 203M | 93M | 11M |
| otherNonCashItems | -55M | 274M | -42M | -258M | 14M | -79M | -347M | -87M | -60M | -106M |
| netCashProvidedByOperatingActivities | 705M | 478M | 343M | 414M | 1B | 403M | 304M | 707M | 956M | 405M |
| investmentsInPropertyPlantAndEquipment | -1.04B | -1.07B | -978M | 49M | -888M | -918M | 2.04B | -681M | -613M | -608M |
| acquisitionsNet | - | 4M | - | - | - | 5M | - | 124M | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| otherInvestingActivities | -34M | -38M | -68M | -1.01B | -30M | -35M | -2.9B | -52M | -24M | -41M |
| netCashProvidedByInvestingActivities | -1.07B | -1.11B | -1.05B | -962M | -918M | -948M | -855M | -609M | -637M | -649M |
| netDebtIssuance | 54M | 832M | 19M | 1.12B | 418M | 417M | 387M | -9M | 187M | 206M |
| longTermNetDebtIssuance | 54M | 832M | 19M | 1.12B | 483M | 352M | 387M | -9M | 280M | 360M |
| shortTermNetDebtIssuance | - | - | - | - | -65M | 65M | - | - | -93M | -154M |
| netStockIssuance | 166M | 152M | 356M | 14M | 3M | 3M | 4M | 7M | 272M | 182M |
| netCommonStockIssuance | 166M | 152M | 356M | 14M | 3M | 3M | 4M | 7M | 272M | 182M |
| commonStockIssuance | 166M | 152M | 356M | 14M | 3M | 3M | 4M | 7M | 272M | 182M |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | -178M | -167M | -165M | -165M | -166M | -156M | -180M | -158M | -156M | -144M |
| commonDividendsPaid | -178M | -167M | -165M | -165M | -166M | -156M | -180M | -158M | -156M | -144M |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | -26M | -4M | - | -27M | 11M | -8M | 18M | -10M | -9M | 64M |
| netCashProvidedByFinancingActivities | 16M | 813M | 210M | 947M | 266M | 256M | 229M | -170M | 294M | 308M |