DTE ENERGY CO
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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FY2023 · Filed Feb 8, 2024
DTE$138.99+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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DTE Electric — Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating Activities · (In millions) | |||
| Net Income | $772 | $955 | $866 |
| Adjustments to reconcile Net Income to Net cash from operating activities: | |||
| Depreciation and amortization | 1,326 | 1,204 | 1,109 |
| Nuclear fuel amortization | 59 | 42 | 58 |
| Allowance for equity funds used during construction | (40) | (26) | (25) |
| Deferred income taxes | 82 | 25 | 122 |
| Asset (gains) losses and impairments, net | 26 | 8 | 1 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (14) | (40) | 68 |
| Inventories | (99) | (26) | (11) |
| Prepaid postretirement benefit costs — affiliates | (33) | 57 | (67) |
| Accounts payable | (9) | 23 | 65 |
| Accrued pension liability — affiliates | (53) | (18) | (326) |
| Accrued postretirement liability — affiliates | 15 | (65) | (44) |
| Regulatory assets and liabilities | 461 | (653) | 716 |
| Other current and noncurrent assets and liabilities | (218) | 204 | (216) |
| Net cash from operating activities | 2,275 | 1,690 | 2,316 |
| Investing Activities | |||
| Plant and equipment expenditures | (3,089) | (2,626) | (3,017) |
| Proceeds from sale of nuclear decommissioning trust fund assets | 681 | 879 | 1,047 |
| Investment in nuclear decommissioning trust funds | (678) | (878) | (1,046) |
| Notes receivable and other | (47) | (40) | (31) |
| Net cash used for investing activities | (3,133) | (2,665) | (3,047) |
| Financing Activities | |||
| Issuance of long-term debt, net of discount and issuance costs | 1,881 | 1,118 | 985 |
| Redemption of long-term debt | (541) | (337) | (321) |
| Capital contribution by parent company | 759 | 600 | 555 |
| Short-term borrowings, net — affiliates | (27) | (26) | (48) |
| Short-term borrowings, net — other | (183) | 415 | 153 |
| Dividends paid on common stock | (1,002) | (763) | (588) |
| Other | (21) | (17) | (12) |
| Net cash from financing activities | 866 | 990 | 724 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 8 | 15 | (7) |
| Cash and Cash Equivalents at Beginning of Period | 24 | 9 | 16 |
| Cash and Cash Equivalents at End of Period | $32 | $24 | $9 |
| Supplemental disclosure of cash information | |||
| Cash paid (received) for: | |||
| Interest, net of interest capitalized | $409 | $350 | $321 |
| Income taxes | $15 | $(33) | $5 |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Plant and equipment expenditures in accounts payable | $403 | $335 | $286 |
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