10-QPeriod: Q2 FY2009

CMS ENERGY CORP Quarterly Report for Q2 Ended Jun 30, 2009

Filed July 30, 2009For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation's (CMS) second-quarter 2009 filing for the period ended June 30, 2009, indicates a company navigating the economic climate with a focus on operational performance and financial stability. While specific financial figures for the quarter are not provided in the table of contents, the inclusion of Consolidated Statements of Income, Cash Flows, and Balance Sheets for both CMS Energy Corporation and its subsidiary, Consumers Energy Company, suggests a comprehensive overview of their financial standing. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) section, which will likely detail the factors influencing revenues, expenses, and profitability, as well as provide insights into the company's liquidity and capital resources. The filing also highlights potential areas of interest for investors, including "Utility Rate Matters" and "Contingencies" within the notes to the financial statements, which could represent risks or opportunities. Furthermore, "Risk Factors" in Part II will offer a direct look at the challenges and uncertainties the company faces. The emphasis on "New Accounting Standards" suggests the company is adapting to evolving regulatory and reporting requirements. Overall, investors should review the MD&A, notes to financials, and risk factors to gain a complete understanding of CMS Energy's performance and outlook in the second quarter of 2009.

Financial Highlights

22 data points
Beta

Revenue

$1.23B

Net Income

$78.00M

6.4% Net Margin

EPS (Diluted)

$0.32

Cash & Equivalents

$1.02B

Free Cash Flow

$800.00M

Financial Statements
Beta
Revenue$1.23B
Operating Expenses$1.07B
Operating Income$150.00M
Interest Expense$105.00M
Net Income$78.00M
EPS (Basic)$0.33
EPS (Diluted)$0.32

Key Highlights

  • 1The filing includes unaudited Consolidated Financial Statements for both CMS Energy Corporation and its primary subsidiary, Consumers Energy Company, covering income, cash flows, and balance sheets.
  • 2Management's Discussion and Analysis (MD&A) is a key section for investors, expected to detail results of operations, capital resources, liquidity, and outlook.
  • 3Notes to the Consolidated Financial Statements cover critical areas such as Accounting Policies, Fair Value Measurements, Contingencies, Utility Rate Matters, Financings, Earnings Per Share, Financial Instruments, Retirement Benefits, Income Taxes, and Reportable Segments.
  • 4The "Risk Factors" section in Part II is crucial for understanding potential challenges and uncertainties facing the company.
  • 5The company is addressing "New Accounting Standards," indicating an adaptation to evolving reporting requirements.
  • 6Information regarding "Utility Rate Matters" could be significant for future revenue and profitability of the regulated utility operations.
  • 7The filing details "Financings and Capitalization," providing insight into the company's debt and equity structure.

Frequently Asked Questions

The provided table of contents does not include specific financial figures for the second quarter of 2009. Investors will need to refer to the Consolidated Statements of Income and the Management's Discussion and Analysis (MD&A) within the full filing to understand the company's revenue, expenses, and net income for the period.

Investors should thoroughly review "Item 1A. Risk Factors" in Part II of the filing. This section is dedicated to outlining the potential risks and uncertainties that could materially impact the company's business, financial condition, or results of operations.

The filing lists "Item 1. Legal Proceedings" and "Note 3. Contingencies" and "Note 4. Utility Rate Matters" within the financial statements. Investors should examine these sections for any ongoing litigation, regulatory proceedings, or rate-related issues that might have a financial impact on the company.

The "Capital Resources and Liquidity" subsection within Item 2 (MD&A) will provide details on the company's cash flow, financing activities, and its ability to meet short-term and long-term obligations. Note 5, "Financings and Capitalization," will also offer insights into the company's capital structure.