8-KEarnings & ResultsRegulation FDExhibits & Filings

CMS ENERGY CORP 8-K Report, Financial Results (Feb 3, 2022)

Filed February 3, 2022For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) filed an 8-K on February 3, 2022, to announce its 2021 financial results and provide an outlook. The filing includes a news release (Exhibit 99.1) detailing these results and a presentation (Exhibit 99.2) for a webcast discussion. Investors should note that the news release contains non-GAAP financial measures, specifically "adjusted earnings," which management uses as a key indicator of operational performance and for external communications. While a reconciliation to GAAP measures is provided for historical results, the company does not provide forward-looking guidance with a reconciliation due to the inability to estimate the impact of future adjustments. The company will host a webcast to discuss its 2021 performance and future business and financial outlook. Investors are encouraged to monitor the Investor Relations section of CMS Energy's website for routine updates. While this report furnishes information, it is not deemed "filed" for purposes of Section 18 of the Exchange Act, nor incorporated by reference into other filings.

Key Highlights

  • 1CMS Energy announced its 2021 financial results on February 3, 2022.
  • 2The report includes a news release (Exhibit 99.1) and a presentation (Exhibit 99.2).
  • 3Key financial performance metrics are presented using non-GAAP "adjusted earnings."
  • 4Management utilizes adjusted earnings for assessing performance and external communications.
  • 5Reconciliation of non-GAAP to GAAP measures is provided for historical results.
  • 6CMS Energy will hold a webcast on February 3, 2022, to discuss results and provide future outlook.
  • 7Information furnished via this 8-K is not deemed "filed" under Section 18 of the Exchange Act.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce CMS Energy's 2021 financial results and provide information regarding its business and financial outlook. It incorporates by reference a news release and a presentation made available on February 3, 2022.

Adjusted earnings are a non-GAAP financial measure used by CMS Energy's management to assess the company's current operating financial performance. Management views this metric as key and uses it for external communications with analysts and investors, reflecting their internal performance assessments.

No, CMS Energy does not provide forward-looking earnings guidance with a reconciliation in this report. The company states it is unable to estimate the impact of specific line items that could significantly affect future reported earnings.

Investors can find routine updates and important information on the Investor Relations section of CMS Energy's website, www.cmsenergy.com/investor-relations. Additionally, a webcast to discuss 2021 results and outlook was made available.