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.
See the whole filing, with its images and exhibitsContents
DTE Energy — Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In millions) | |||
| Operating Activities | |||
| Net Income | $1,404 | $1,397 | $1,083 |
| Adjustments to reconcile Net Income to Net cash from operating activities: | |||
| Depreciation and amortization | 1,732 | 1,606 | 1,468 |
| Nuclear fuel amortization | 55 | 59 | 42 |
| Allowance for equity funds used during construction | (86) | (42) | (29) |
| Deferred income taxes | 194 | 181 | 44 |
| Equity (earnings) losses of equity method investees | (15) | (3) | 14 |
| Dividends from equity method investees | 3 | 3 | 4 |
| Asset (gains) losses and impairments, net | 28 | 16 | (5) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (40) | 398 | (352) |
| Inventories | (191) | (110) | (98) |
| Prepaid postretirement benefit costs | (72) | (62) | 107 |
| Accounts payable | 45 | (306) | 109 |
| Accrued pension liability | (136) | (28) | 39 |
| Accrued postretirement liability | (68) | 14 | (71) |
| Derivative assets and liabilities | 25 | (321) | 65 |
| Regulatory assets and liabilities | 586 | 594 | (766) |
| Other current and noncurrent assets and liabilities | 179 | (176) | 323 |
| Net cash from operating activities | 3,643 | 3,220 | 1,977 |
| Investing Activities | |||
| Plant and equipment expenditures — utility | (4,399) | (3,872) | (3,311) |
| Plant and equipment expenditures — non-utility | (68) | (62) | (67) |
| Proceeds from sale of assets | 46 | 3 | 24 |
| Proceeds from sale of nuclear decommissioning trust fund assets | 555 | 681 | 879 |
| Investment in nuclear decommissioning trust funds | (559) | (678) | (878) |
| Distributions from equity method investees | 30 | 25 | 16 |
| Contributions to equity method investees | (27) | (27) | (13) |
| Notes receivable | (449) | (86) | (30) |
| Investment in time deposits | (1,050) | — | — |
| Redemption of time deposits | 1,050 | — | — |
| Other | (80) | (79) | (51) |
| Net cash used for investing activities | (4,951) | (4,095) | (3,431) |
| Financing Activities | |||
|---|---|---|---|
| Issuance of long-term debt, net of discount and issuance costs | 4,533 | 3,167 | 2,171 |
| Redemption of long-term debt | (2,139) | (1,616) | (1,587) |
| Short-term borrowings, net | (216) | 121 | 404 |
| Issuance of common stock | — | — | 1,300 |
| Repurchase of common stock | — | — | (55) |
| Dividends paid on common stock | (810) | (752) | (685) |
| Other | (23) | (37) | (86) |
| Net cash from financing activities | 1,345 | 883 | 1,462 |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | 37 | 8 | 8 |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 51 | 43 | 35 |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $88 | $51 | $43 |
| Supplemental disclosure of cash information | |||
| Cash paid (received) for: | |||
| Interest, net of interest capitalized | $869 | $751 | $638 |
| Income taxes(a) | $(230) | $(5) | $(3) |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Plant and equipment expenditures in accounts payable | $454 | $490 | $435 |
(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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