Item 2.02. Results of Operations and Financial Condition.
On January 30, 2020, CMS Energy Corporation ("CMS Energy") issued a News
Release, in which it announced its 2019 results. Attached as Exhibit 99.1 to
this report and incorporated herein by reference is a copy of the CMS Energy
News Release, furnished as a part of this report.
Exhibit 99.1 contains certain financial measures that are considered "non-GAAP
financial measures" as defined in Securities and Exchange Commission rules.
Other than forward-looking earnings guidance, Exhibit 99.1 contains a
reconciliation of these non-GAAP financial measures to their most directly
comparable financial measures calculated and presented in accordance with
accounting principles generally accepted in the United States. CMS Energy
provides forward-looking earnings guidance on an adjusted basis. Adjustments
could include items such as discontinued operations, asset sales, impairments,
restructuring costs, regulatory items from prior years, or other items. Because
CMS Energy is not able to estimate the impact of specific line items, which have
the potential to significantly impact reported earnings in future periods,
Exhibit 99.1 does not contain reported earnings guidance nor a reconciliation
for the comparable future period earnings. Management views adjusted earnings as
a key measure of the company's present operating financial performance and uses
adjusted earnings for external communications with analysts and investors.
Internally, the company uses adjusted earnings to measure and assess
performance. The adjusted earnings should be considered supplemental information
to assist in understanding our business results, rather than as a substitute for
the reported earnings. All references to net income refer to net income
available to common stockholders and references to earnings per share are on a
Item 7.01. Regulation FD Disclosure.
The information set forth in the CMS Energy News Release dated January 30, 2020,
attached as Exhibit 99.1, is incorporated by reference in response to this
CMS Energy will hold a webcast to discuss its 2019 results and provide a
business and financial outlook on January 30 at 8:30 a.m. (EST). A copy of the
CMS Energy presentation is furnished as Exhibit 99.2 to this report. A webcast
of the presentation will be available on the CMS Energy website,
In accordance with General Instruction B.2 of Form 8-K, the information in this
Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be
deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934, or otherwise subject to the liabilities of that section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933.
Investors and others should note that CMS Energy routinely posts important
information on its website and considers the Investor Relations section,
www.cmsenergy.com/investor-relations, a channel of distribution.
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