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 Energy — Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In millions) | |||
| Operating Activities | |||
| Net Income | $1,397 | $1,083 | $903 |
| Adjustments to reconcile Net Income to Net cash from operating activities: | |||
| Depreciation and amortization | 1,606 | 1,468 | 1,459 |
| Nuclear fuel amortization | 59 | 42 | 58 |
| Allowance for equity funds used during construction | (42) | (29) | (27) |
| Deferred income taxes | 181 | 44 | (32) |
| Equity (earnings) losses of equity method investees | (3) | 14 | (97) |
| Dividends from equity method investees | 3 | 4 | 79 |
| Loss on extinguishment of debt | — | — | 393 |
| Asset (gains) losses and impairments, net | 16 | (5) | 50 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | 398 | (352) | (146) |
| Inventories | (110) | (98) | (153) |
| Prepaid postretirement benefit costs | (62) | 107 | (117) |
| Accounts payable | (306) | 109 | 308 |
| Accrued pension liability | (28) | 39 | (458) |
| Accrued postretirement liability | 14 | (71) | (49) |
| Derivative assets and liabilities | (321) | 65 | 187 |
| Regulatory assets and liabilities | 594 | (766) | 862 |
| Other current and noncurrent assets and liabilities | (176) | 323 | (153) |
| Net cash from operating activities | 3,220 | 1,977 | 3,067 |
| Investing Activities | |||
| Plant and equipment expenditures — utility | (3,872) | (3,311) | (3,633) |
| Plant and equipment expenditures — non-utility | (62) | (67) | (139) |
| Proceeds from sale of assets | 3 | 24 | 3 |
| Proceeds from sale of nuclear decommissioning trust fund assets | 681 | 879 | 1,047 |
| Investment in nuclear decommissioning trust funds | (678) | (878) | (1,046) |
| Distributions from equity method investees | 25 | 16 | 18 |
| Contributions to equity method investees | (27) | (13) | (8) |
| Notes receivable | (86) | (30) | (74) |
| Other | (79) | (51) | (31) |
| Net cash used for investing activities | (4,095) | (3,431) | (3,863) |
| Financing Activities | |||
|---|---|---|---|
| Issuance of long-term debt, net of discount and issuance costs | 3,167 | 2,171 | 4,457 |
| Redemption of long-term debt | (1,616) | (1,587) | (3,522) |
| Short-term borrowings, net | 121 | 404 | 720 |
| Issuance of common stock | — | 1,300 | — |
| Repurchase of common stock | — | (55) | (66) |
| Dividends paid on common stock | (752) | (685) | (791) |
| Contributions from noncontrolling interests | 2 | 3 | 44 |
| Distributions to noncontrolling interests | (1) | (7) | (45) |
| Prepayment costs for extinguishment of long-term debt | — | — | (361) |
| Transfer of cash to DT Midstream at separation | — | — | (37) |
| Other | (38) | (82) | (84) |
| Net cash from financing activities | 883 | 1,462 | 315 |
| Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash | 8 | 8 | (481) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 43 | 35 | 516 |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $51 | $43 | $35 |
| Supplemental disclosure of cash information | |||
| Cash paid (received) for: | |||
| Interest, net of interest capitalized | $751 | $638 | $671 |
| Income taxes | $(5) | $(3) | $(3) |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Plant and equipment expenditures in accounts payable | $490 | $435 | $353 |
| Separation of DT Midstream net assets, excluding cash transferred | $— | $— | $3,973 |
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