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Earnings Per Share - CMS Energy | 3 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Earnings Per Share - CMS Energy | Earnings Per Share—CMS Energy Presented in the following table are CMS Energy’s basic and diluted EPS computations based on net income:
In Millions, Except Per Share Amounts
Three Months Ended March 31 |  |  |  | 2021 | 2020 |
Income available to common stockholders |  |  |  |  |  |  |  |  |  |  |
Net income |  |  |  |  |  |  | $ | 342 |  |  | $ | 243 |  |  |
Less loss attributable to noncontrolling interests |  |  |  |  |  |  | (7) |  |  | — |  |  |
Net income available to common stockholders – basic and diluted |  |  |  |  |  |  | $ | 349 |  |  | $ | 243 |  |  |
Average common shares outstanding |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares – basic |  |  |  |  |  |  | 288.6 |  |  | 283.3 |  |  |
Add dilutive nonvested stock awards |  |  |  |  |  |  | 0.5 |  |  | 0.8 |  |  |
Add dilutive forward equity sale contracts |  |  |  |  |  |  | — |  |  | 1.1 |  |  |
Weighted-average shares – diluted |  |  |  |  |  |  | 289.1 |  |  | 285.2 |  |  |
Net income per average common share available to common stockholders |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  | $ | 1.21 |  |  | $ | 0.86 |  |  |
Diluted |  |  |  |  |  |  | 1.21 |  |  | 0.85 |  |  |
Nonvested Stock Awards CMS Energy’s nonvested stock awards are composed of participating and non‑participating securities. The participating securities accrue cash dividends when common stockholders receive dividends. Since the recipient is not required to return the dividends to CMS Energy if the recipient forfeits the award, the nonvested stock awards are considered participating securities. As such, the participating nonvested stock awards were included in the computation of basic EPS. The non‑participating securities accrue stock dividends that vest concurrently with the stock award. If the recipient forfeits the award, the stock dividends accrued on the non‑participating securities are also forfeited. Accordingly, the non‑participating awards and stock dividends were included in the computation of diluted EPS, but not in the computation of basic EPS. Forward Equity Sale Contracts CMS Energy has entered into forward equity sale contracts. These forward equity sale contracts are non‑participating securities. While the forward sale price in the forward equity sale contract is decreased on certain dates by certain predetermined amounts to reflect expected dividend payments, these price adjustments were set upon inception of the agreement and the forward contract does not give the owner the right to participate in undistributed earnings. Accordingly, the forward equity sale contracts were included in the computation of diluted EPS, but not in the computation of basic EPS. For further details on the forward equity sale contracts, see Note 3, Financings and Capitalization.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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