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Schedule I - Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2011
Schedule I - Condensed Financial Information of Registrant [Abtract] |
Schedule I - Condensed Financial Information of Registrant | CMS ENERGY CORPORATION Schedule I - Condensed Financial Information of Registrant CMS Energy - Parent Company Condensed Statements of Income
|  | In Millions |
Years Ended December 31 |  | 2011 |  |  | 2010 |  |  | 2009 |
Operating Expenses |  |  |  |  |  |  |  |  |  |  |  |
Other operating expenses |  | $ | (9) |  |  | $ | (6) |  |  | $ | (10) |
General taxes |  |  | 6 |  |  |  | - |  |  |  | - |
Total operating expenses |  |  | (3) |  |  |  | (6) |  |  |  | (10) |
Operating Loss |  |  | (3 | ) |  |  | (6 | ) |  |  | (10 | )
Other Income (Expense) |  |  |  |  |  |  |  |  |  |  |  |
Equity earnings of subsidiaries |  |  | 510 |  |  |  | 464 |  |  |  | 310 |
Interest income |  |  | 1 |  |  |  | 1 |  |  |  | - |
Other income (expense) |  |  | (5) |  |  |  | (8) |  |  |  | 12 |
Total other income |  |  | 506 |  |  |  | 457 |  |  |  | 322 |
Interest Charges |  |  |  |  |  |  |  |  |  |  |  |
Interest on long-term debt |  |  | 143 |  |  |  | 147 |  |  |  | 124 |
Interest on preferred securities |  |  | - |  |  |  | - |  |  |  | 8 |
Intercompany interest expense and other |  |  | 6 |  |  |  | 4 |  |  |  | 8 |
Total interest charges |  |  | 149 |  |  |  | 151 |  |  |  | 140 |
Income Before Income Taxes |  |  | 354 |  |  |  | 300 |  |  |  | 172 |
Income Tax Benefit |  |  | (61) |  |  |  | (50) |  |  |  | (57) |
Income From Continuing Operations |  |  | 415 |  |  |  | 350 |  |  |  | 229 |
Loss From Discontinued Operations |  |  | - |  |  |  | (10) |  |  |  | - |
Net Income |  |  | 415 |  |  |  | 340 |  |  |  | 229 |
Charge for Deferred Issuance Costs on Preferred Stock |  |  | - |  |  |  | 8 |  |  |  | - |
Preferred Stock Dividends |  |  | - |  |  |  | 8 |  |  |  | 11 |
Net Income Available to Common Stockholders |  | $ | 415 |  |  | $ | 324 |  |  | $ | 218 |
The accompanying condensed notes are an integral part of these statements. CMS ENERGY CORPORATION Schedule I - Condensed Financial Information of Registrant CMS Energy - Parent Company Statements of Cash Flows
|  | In Millions |
Years Ended December 31 |  | 2011 |  |  | 2010 |  |  | 2009 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 415 |  |  | $ | 340 |  |  | $ | 229 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity earnings of subsidiaries |  |  | (510) |  |  |  | (464) |  |  |  | (310) |
Dividends received from subsidiaries |  |  | 474 |  |  |  | 358 |  |  |  | 340 |
Increase in accounts receivable |  |  | (1) |  |  |  | - |  |  |  | (2) |
Increase (decrease) in accounts payable |  |  | - |  |  |  | (16) |  |  |  | 16 |
Change in other assets and liabilities |  |  | (71) |  |  |  | 117 |  |  |  | 7 |
Net cash provided by operating activities |  |  | 307 |  |  |  | 335 |  |  |  | 280 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiaries |  |  | (125) |  |  |  | (250) |  |  |  | (100) |
Net cash used in investing activities |  |  | (125) |  |  |  | (250) |  |  |  | (100) |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of senior notes |  |  | 375 |  |  |  | 800 |  |  |  | 718 |
Issuance of common stock |  |  | 29 |  |  |  | 8 |  |  |  | 9 |
Retirement of senior notes |  |  | (376) |  |  |  | (396) |  |  |  | (788) |
Payment of common stock dividends |  |  | (211) |  |  |  | (154) |  |  |  | (114) |
Payment of preferred stock dividends |  |  | - |  |  |  | (8) |  |  |  | (11) |
Debt issuance costs and financing fees |  |  | (6) |  |  |  | (11) |  |  |  | (5) |
Redemption of preferred stock |  |  | - |  |  |  | (239) |  |  |  | (4) |
Increase (decrease) in notes payable |  |  | 7 |  |  |  | (85) |  |  |  | 15 |
Net cash used in financing activities |  |  | (182) |  |  |  | (85) |  |  |  | (180) |
Net Change in Cash and Cash Equivalents |  | $ | - |  |  | $ | - |  |  | $ | - |
Cash and Cash Equivalents, Beginning of Period |  | $ | - |  |  | $ | - |  |  | $ | - |
Cash and Cash Equivalents, End of Period |  | $ | - |  |  | $ | - |  |  | $ | - |
The accompanying condensed notes are an integral part of these statements. CMS ENERGY CORPORATION Schedule I - Condensed Financial Information of Registrant CMS Energy - Parent Company Condensed Balance Sheets ASSETS
|  | In Millions |
December 31 |  | 2011 |  |  | 2010 |
Current Assets |  |  |  |  |  |  |  |
Notes and accrued interest receivable |  | $ | 1 |  |  | $ | 1 |
Accounts receivable, including intercompany and related parties |  |  | 6 |  |  |  | 5 |
Accrued taxes |  |  | 16 |  |  |  | - |
Deferred income taxes |  |  | 3 |  |  |  | 13 |
Total current assets |  |  | 26 |  |  |  | 19 |
Plant, Property, and Equipment |  |  |  |  |  |  |  |
Plant, property, and equipment |  |  | 16 |  |  |  | 16 |
Less accumulated depreciation |  |  | (16) |  |  |  | (16) |
Total plant, property, and equipment |  |  | - |  |  |  | - |
Other Non-current Assets |  |  |  |  |  |  |  |
Deferred income taxes |  |  | 367 |  |  |  | 372 |
Investment in subsidiaries |  |  | 5,096 |  |  |  | 4,941 |
Other investment – SERP |  |  | 23 |  |  |  | 19 |
Other |  |  | 28 |  |  |  | 27 |
Total other non-current assets |  |  | 5,514 |  |  |  | 5,359 |
Total Assets |  | $ | 5,540 |  |  | $ | 5,378 |
The accompanying condensed notes are an integral part of these statements. LIABILITIES AND EQUITY
|  | In Millions |
December 31 |  | 2011 |  |  | 2010 |
Current Liabilities |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 398 |  |  | $ | 437 |
Accounts and notes payable, including intercompany and related parties |  |  | 163 |  |  |  | 156 |
Accrued interest, including intercompany |  |  | 28 |  |  |  | 27 |
Accrued taxes |  |  | - |  |  |  | 81 |
Other |  |  | 5 |  |  |  | 5 |
Total current liabilities |  |  | 594 |  |  |  | 706 |
Non-Current Liabilities |  |  |  |  |  |  |  |
Long-term debt |  |  | 1,875 |  |  |  | 1,848 |
Related Party |  |  | 34 |  |  |  | 34 |
Unamortized Discount |  |  | (17 | ) |  |  | (28) |
Postretirement benefits |  |  | 24 |  |  |  | 23 |
Other noncurrent liabilities |  |  | 2 |  |  |  | 2 |
Total non-current liabilities |  |  | 1,918 |  |  |  | 1,879 |
Equity |  |  |  |  |  |  |  |
Common stockholders' equity |  |  | 3,028 |  |  |  | 2,793 |
Total Liabilities and Equity |  | $ | 5,540 |  |  | $ | 5,378 |
CMS ENERGY CORPORATION Schedule I – Condensed Financial Information of Registrant CMS Energy – Parent Company Notes to Condensed Financial Statements 1: Basis of Presentation CMS Energy's condensed financial statements have been prepared on a parent-only basis. In accordance with Rule 12-04 of Regulation S-X, these parent-only financial statements do not include all of the information and notes required by GAAP for annual financial statements, and therefore these parent-only financial statements and other information included should be read in conjunction with CMS Energy's audited consolidated financial statements contained within Part II, Item 8 of this Form 10-K for the year ended December 31, 2011. 2: Guarantees CMS Energy has issued guarantees with a maximum potential obligation of $112 million on behalf of some of its wholly owned subsidiaries. CMS Energy's maximum potential obligation consists primarily of payment obligations to third parties under commodity purchase and swap agreements at CMS ERM and to the DOE for non-payment by Consumers Energy in relation to the DOE settlement. The expiry dates of these guarantees vary, depending upon contractual provisions or upon the statute of limitations under the relevant governing law.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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