DTE ENERGY CO
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating Activities · (In millions) | |||
| Net Income | $1,152 | $1,072 | $772 |
| Adjustments to reconcile Net Income to Net cash from operating activities: | |||
| Depreciation and amortization | 1,530 | 1,432 | 1,326 |
| Nuclear fuel amortization | 67 | 55 | 59 |
| Allowance for equity funds used during construction | (103) | (84) | (40) |
| Deferred income taxes | 339 | 196 | 82 |
| Asset (gains) losses and impairments, net | 46 | 12 | 26 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (64) | 33 | (14) |
| Inventories | (62) | (130) | (99) |
| Prepaid postretirement benefit costs — affiliates | (35) | (50) | (33) |
| Accounts payable | 57 | 25 | (9) |
| Accrued pension liability — affiliates | (3) | (86) | (53) |
| Accrued postretirement liability — affiliates | 12 | (65) | 15 |
| Regulatory assets and liabilities | (9) | 499 | 461 |
| Other current and noncurrent assets and liabilities | (208) | (93) | (218) |
| Net cash from operating activities | 2,719 | 2,816 | 2,275 |
| Investing Activities | |||
| Plant and equipment expenditures | (3,686) | (3,636) | (3,089) |
| Proceeds from sale of nuclear decommissioning trust fund assets | 717 | 555 | 681 |
| Investment in nuclear decommissioning trust funds | (719) | (559) | (678) |
| Investment in notes receivable | (231) | (42) | (20) |
| Principal collections on notes receivable | 1 | 14 | 17 |
| Other | (88) | (74) | (44) |
| Net cash used for investing activities | (4,006) | (3,742) | (3,133) |
| Financing Activities | |||
| Issuance of long-term debt, net of discount and issuance costs | 1,694 | 993 | 1,881 |
| Redemption of long-term debt | (421) | (164) | (541) |
| Capital contribution by parent company | 954 | 634 | 759 |
| Short-term borrowings, net — affiliates | — | — | (27) |
| Short-term borrowings, net — other | (14) | 281 | (183) |
| Dividends paid on common stock | (846) | (776) | (1,002) |
| Other | (16) | (15) | (21) |
| Net cash from financing activities | 1,351 | 953 | 866 |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | 64 | 27 | 8 |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 59 | 32 | 24 |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $123 | $59 | $32 |
| Supplemental disclosure of cash information | |||
| Cash paid (received) for: | |||
| Interest, net of interest capitalized | $529 | $467 | $409 |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Plant and equipment expenditures in accounts payable | $484 | $369 | $403 |
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