CMS Cash Flow Statement

Cms Energy Corp - Operating, Investing & Free Cash Flow Analysis

Operating Cash Flow

$2.23B

-5.7% YoY

Free Cash Flow

($1.59B)

-145.2% YoY

FCF per Share

-6.64% yield

CapEx

$3.82B

Operating Activities

Cash generated from core business operations

Net Cash from Operations

Primary cash generation

$2.23B

Net Income (Starting Point)$1.07B

+ Depreciation & Amortization$1.31B

Investing Activities

Cash used for investments and capital expenditures

Net Cash from Investing

Total investing activities

($4.03B)

Capital Expenditures (CapEx)$3.82B

Financing Activities

Cash from financing activities including debt, equity, and dividends

Net Cash from Financing

Total financing activities

$2.24B

Free Cash Flow (FCF) Calculation

Operating Cash Flow$2.23B

- Capital Expenditures$3.82B

= Free Cash Flow($1.59B)

Cash Flow Trends (Annual)

Period	Operating CF	Investing CF	Financing CF	Free CF
2025-12-31	$2.23B	($4.03B)	$2.24B	($1.59B)
2024-12-31	$2.37B	($3.05B)	$609.00M	($648.00M)
2023-12-31	$2.31B	($3.38B)	$1.14B	($910.00M)
2022-12-31	$855.00M	($2.48B)	$1.33B	($1.63B)
2021-12-31	$1.82B	($1.23B)	($295.00M)	($390.00M)

View Complete Financial Analysis

Full income statements, balance sheets, and detailed cash flow analysis

Open Full Analysis

Frequently Asked Questions

What is CMS free cash flow?

CMS's most recent free cash flow (FCF) is ($1.59B). Free cash flow represents the cash a company generates after accounting for capital expenditures, and is available for dividends, buybacks, or debt reduction.

What is CMS operating cash flow?

CMS generated $2.23B in operating cash flow in the most recent period. Operating cash flow shows the cash generated from core business operations.

What is CMS FCF per share?

FCF per share can be calculated by dividing free cash flow by shares outstanding.

Is CMS cash flow growing?

CMS's operating cash flow declined by 5.7% year-over-year. Free cash flow decreased by 145.2%.

What is CMS FCF yield?

CMS has a free cash flow yield of -6.64%, calculated as free cash flow divided by market capitalization. A higher FCF yield may indicate better value.

What is CMS capital expenditure?

CMS spent $3.82B on capital expenditures (CapEx) in the most recent period. CapEx represents investments in property, plant, and equipment.