DTE ENERGY CO
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Activities · (In millions) | |||
| Net Income | $1,072 | $772 | $955 |
| Adjustments to reconcile Net Income to Net cash from operating activities: | |||
| Depreciation and amortization | 1,432 | 1,326 | 1,204 |
| Nuclear fuel amortization | 55 | 59 | 42 |
| Allowance for equity funds used during construction | (84) | (40) | (26) |
| Deferred income taxes | 196 | 82 | 25 |
| Asset (gains) losses and impairments, net | 12 | 26 | 8 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | 33 | (14) | (40) |
| Inventories | (130) | (99) | (26) |
| Prepaid postretirement benefit costs — affiliates | (50) | (33) | 57 |
| Accounts payable | 25 | (9) | 23 |
| Accrued pension liability — affiliates | (86) | (53) | (18) |
| Accrued postretirement liability — affiliates | (65) | 15 | (65) |
| Regulatory assets and liabilities | 499 | 461 | (653) |
| Other current and noncurrent assets and liabilities | (93) | (218) | 204 |
| Net cash from operating activities | 2,816 | 2,275 | 1,690 |
| Investing Activities | |||
| Plant and equipment expenditures | (3,636) | (3,089) | (2,626) |
| Proceeds from sale of nuclear decommissioning trust fund assets | 555 | 681 | 879 |
| Investment in nuclear decommissioning trust funds | (559) | (678) | (878) |
| Notes receivable and other | (102) | (47) | (40) |
| Net cash used for investing activities | (3,742) | (3,133) | (2,665) |
| Financing Activities | |||
| Issuance of long-term debt, net of discount and issuance costs | 993 | 1,881 | 1,118 |
| Redemption of long-term debt | (164) | (541) | (337) |
| Capital contribution by parent company | 634 | 759 | 600 |
| Short-term borrowings, net — affiliates | — | (27) | (26) |
| Short-term borrowings, net — other | 281 | (183) | 415 |
| Dividends paid on common stock | (776) | (1,002) | (763) |
| Other | (15) | (21) | (17) |
| Net cash from financing activities | 953 | 866 | 990 |
| Net Increase in Cash and Cash Equivalents | 27 | 8 | 15 |
| Cash and Cash Equivalents at Beginning of Period | 32 | 24 | 9 |
| Cash and Cash Equivalents at End of Period | $59 | $32 | $24 |
| Supplemental disclosure of cash information | |||
| Cash paid (received) for: | |||
| Interest, net of interest capitalized | $467 | $409 | $350 |
| Income taxes(a) | $(231) | $15 | $(33) |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Plant and equipment expenditures in accounts payable | $369 | $403 | $335 |
(a)2024 cash received primarily relates to the sale of PTCs and ITCs. See Note 9 to the Consolidated Financial Statements, "Income Taxes," for additional information.
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