Operating CF
$1.94B
Capex
−$151.00M
Free Cash Flow
$1.79B
FCF Margin
+92.2%
Cash flow waterfall for CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) — TTM through Q1 2026
Free cash flow: $1.79B
Note: Other Investing is large — driven mainly by acquisitions and investment activity.
Cash flow breakdown for CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $1.94B | $1.94B |
| Capital Expenditure | −$151.00M | $1.79B |
| Free Cash Flow | $1.79B | $1.79B |
| Other Investing | −$4.04B | −$2.25B |
| Dividends Paid | −$675.00M | −$2.92B |
| Net Debt Change | $2.03B | −$894.00M |
| Other Financing & FX | $631.00M | −$263.00M |
| Net Cash Decrease | −$263.00M | −$263.00M |
- Operating Cash Flow$1.94B
- Capital Expenditure−$151.00M
- Free Cash Flow$1.79B
- Other Investing−$4.04B
- Dividends Paid−$675.00M
- Net Debt Change$2.03B
- Other Financing & FX$631.00M
- Net Cash Decrease−$263.00M
Want to see what drove the FCF change?Free Cash Flow Bridge
Frequently asked questions
Data & methodology
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079 (CMSD) Key Financials
Charts, filings, and peer comparison for every metric
Income Statement
Balance Sheet
Cash Flow
Forecast & Valuation
Operations
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
Overview
Income Statement