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 Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In millions, except per share amounts) | |||
| Operating Revenues | |||
| Utility operations | $7,466 | $8,243 | $7,288 |
| Non-utility operations | 5,279 | 10,985 | 7,676 |
| 12,745 | 19,228 | 14,964 | |
| Operating Expenses | |||
| Fuel, purchased power, and gas — utility | 1,845 | 2,505 | 1,904 |
| Fuel, purchased power, gas, and other — non-utility | 4,413 | 10,655 | 7,304 |
| Operation and maintenance | 2,160 | 2,400 | 2,420 |
| Depreciation and amortization | 1,606 | 1,468 | 1,377 |
| Taxes other than income | 462 | 457 | 431 |
| Asset (gains) losses and impairments, net | 16 | (5) | 33 |
| 10,502 | 17,480 | 13,469 | |
| Operating Income | 2,243 | 1,748 | 1,495 |
| Other (Income) and Deductions | |||
| Interest expense | 791 | 675 | 630 |
| Interest income | (57) | (46) | (22) |
| Non-operating retirement benefits, net | 9 | (1) | 17 |
| Loss on extinguishment of debt | — | — | 393 |
| Other income | (102) | (58) | (254) |
| Other expenses | 36 | 66 | 75 |
| 677 | 636 | 839 | |
| Income Before Income Taxes | 1,566 | 1,112 | 656 |
| Income Tax Expense (Benefit) | 169 | 29 | (130) |
| Net Income from Continuing Operations | 1,397 | 1,083 | 786 |
| Net Income from Discontinued Operations, Net of Taxes (Note 4) | — | — | 117 |
| Net Income | 1,397 | 1,083 | 903 |
| Less: Net Income (Loss) Attributable to Noncontrolling Interests | |||
| Continuing operations | — | — | (10) |
| Discontinued operations | — | — | 6 |
| Net Income Attributable to DTE Energy Company | $1,397 | $1,083 | $907 |
| Basic Earnings per Common Share | |||
| Continuing operations | $6.77 | $5.53 | $4.11 |
| Discontinued operations | — | — | 0.57 |
| Total | $6.77 | $5.53 | $4.68 |
| Diluted Earnings per Common Share | |||
| Continuing operations | $6.76 | $5.52 | $4.10 |
| Discontinued operations | — | — | 0.57 |
| Total | $6.76 | $5.52 | $4.67 |
| Weighted Average Common Shares Outstanding | |||
| Basic | 206 | 195 | 193 |
| Diluted | 206 | 196 | 194 |
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