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Financial Highlights

 

Consolidated Statements of Common Stockholders' Equity

 

Number of Shares, In Thousands

In Millions

Years Ended December 31

1998

1997

1996

1998

1997

1996


Common Stock

At beginning and end of period

     

$1

$1

$1


Other Paid-in Capital-CMS Energy

At beginning of period

100,792

94,813

91,594

2,131

1,916

1,827

Common stock reacquired

(72)

(54)

(32)

(3)

(2)

(1)

Common stock issued

7,383

6,031

3,248

324

217

90

Common stock reissued

1

2

3

-

-

-

 


At end of period

108,104

100,792

94,813

2,452

2,131

1,916


Other Paid-in Capital-Class G

At beginning of period

8,219

7,877

7,619

136

129

124

Common stock reacquired

(1)

(1)

-

-

-

-

Common stock issued

235

343

258

6

7

5

 


At end of period

8,453

8,219

7,877

142

136

129


Revaluation Capital

At beginning of period

     

(6)

(6)

(8)

Change in unrealized investment- gain (loss) (a)

     

(3)

-

2

       


At end of period

     

(9)

(6)

(6)


Foreign Currency Translation

At beginning of period

     

(96)

-

-

Change in foreign currency translation (a)

     

(40)

(96)

-

       


At end of period

     

(136)

(96)

-


Retained Earnings (Deficit)

At beginning of period

     

(379)

(504)

(625)

Consolidated net income (a)

     

285

244

224

Common stock dividends declared:

           

CMS Energy

     

(129)

(109)

(94)

Class G

     

(11)

(10)

(9)

       


At end of period

     

(234)

(379)

(504)


Total Common Stockholders' Equity

$2,216

$1,787

$1,536


(a)Disclosure of Comprehensive Income:
Revaluation capital unrealized investment-gain (loss), net of tax of $2, $0 and $0, respectively

$(3)

$--

$2

Foreign currency translation

(40)

(96)

-

Consolidated net income

285

244

224

 


Total Consolidated Comprehensive Income

$242

$148

$226

 


The accompanying notes are an integral part of these statements.

 

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