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DTE ENERGY CO

For the period ended Dec 31, 2025. Filed Feb 17, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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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Contents

DTE Energy — Consolidated Statements of Cash Flows

Year Ended December 31,
202520242023
(In millions)
Operating Activities
Net Income$1,462$1,404$1,397
Adjustments to reconcile Net Income to Net cash from operating activities:
Depreciation and amortization1,8411,7321,606
Nuclear fuel amortization675559
Allowance for equity funds used during construction(105)(86)(42)
Deferred income taxes358194181
Equity (earnings) losses of equity method investees(47)(15)(3)
Dividends from equity method investees333
Asset (gains) losses and impairments, net492816
Changes in assets and liabilities:
Accounts receivable, net(316)(40)398
Inventories(127)(191)(110)
Prepaid postretirement benefit costs(56)(72)(62)
Accounts payable25545(306)
Accrued pension liability21(136)(28)
Accrued postretirement liability14(68)14
Derivative assets and liabilities625(321)
Regulatory assets and liabilities24586594
Other current and noncurrent assets and liabilities(40)179(176)
Net cash from operating activities3,4093,6433,220
Investing Activities
Plant and equipment expenditures — utility(4,343)(4,399)(3,872)
Plant and equipment expenditures — non-utility(86)(68)(62)
Acquisition related to business combination, net of cash acquired(210)——
Proceeds from sale of assets32463
Proceeds from sale of nuclear decommissioning trust fund assets717555681
Investment in nuclear decommissioning trust funds(719)(559)(678)
Distributions from equity method investees183025
Contributions to equity method investees(1)(27)(27)
Investment in notes receivable(600)(479)(109)
Principal collections on notes receivable223023
Investment in time deposits—(1,050)—
Redemption of time deposits—1,050—
Other(134)(80)(79)
Net cash used for investing activities(5,304)(4,951)(4,095)
Financing Activities
Issuance of long-term debt, net of discount and issuance costs4,4294,5333,167
Redemption of long-term debt(1,291)(2,139)(1,616)
Short-term borrowings, net(185)(216)121
Dividends paid on common stock(871)(810)(752)
Other(25)(23)(37)
Net cash from financing activities2,0571,345883
Net Increase in Cash, Cash Equivalents, and Restricted Cash162378
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period885143
Cash, Cash Equivalents, and Restricted Cash at End of Period$250$88$51
Supplemental disclosure of cash information
Cash paid (received) for:
Interest, net of interest capitalized$978$869$751
Supplemental disclosure of non-cash investing and financing activities
Plant and equipment expenditures in accounts payable$570$454$490
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.