DT Midstream Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
DTM$118.73+1.9%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
Consolidated Statements of Changes in Stockholders' Equity/Member's Equity
| Additional Paid-In Capital · Retained Earnings · Accumulated Other Comprehensive Income (Loss) · Noncontrolling Interests | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | ||||||||||||
| Shares · Amount · Total | ||||||||||||
| (dollars in millions, shares in thousands) | ||||||||||||
| Balance, December 31, 2020 | — | $— | $3,333 | $751 | $(11) | $155 | $4,228 | |||||
| Net Income | — | — | — | 307 | — | 11 | 318 | |||||
| Reorganization to C Corporation(a) | 1 | — | — | — | — | — | — | |||||
| Issuance of common shares to DTE Energy(b) | 96,731 | 1 | — | — | — | — | 1 | |||||
| Dividend to DTE Energy | — | — | — | (501) | — | — | (501) | |||||
| Dividends declared on common stock ($1.20 per common share) | — | — | — | (116) | — | — | (116) | |||||
| Distributions to noncontrolling interests | — | — | — | — | — | (16) | (16) | |||||
| Stock-based compensation | 2 | — | 8 | — | — | — | 8 | |||||
| Taxes and other adjustments | — | — | 109 | (10) | — | (1) | 98 | |||||
| Other comprehensive income, net of tax | — | — | — | — | 1 | — | 1 | |||||
| Balance, December 31, 2021 | 96,734 | $1 | $3,450 | $431 | $(10) | $149 | $4,021 | |||||
| Net Income | — | — | — | 370 | — | 12 | 382 | |||||
| Dividends declared on common stock ($2.56 per common share) | — | — | — | (248) | — | — | (248) | |||||
| Distributions to noncontrolling interests | — | — | — | — | — | (14) | (14) | |||||
| Stock-based compensation | 78 | — | 17 | (2) | — | — | 15 | |||||
| Repurchase of common stock | (57) | — | — | (3) | — | — | (3) | |||||
| Taxes and other adjustments | — | — | 2 | (1) | — | — | 1 | |||||
| Balance, December 31, 2022 | 96,755 | $1 | $3,469 | $547 | $(10) | $147 | $4,154 | |||||
| Net Income | — | — | — | 384 | — | 12 | 396 | |||||
| Dividends declared on common stock ($2.76 per common share) | — | — | — | (268) | — | — | (268) | |||||
| Distributions to noncontrolling interests | — | — | — | — | — | (18) | (18) | |||||
| Stock-based compensation and other | 216 | — | 16 | (2) | — | — | 14 | |||||
| Other comprehensive income, net of tax | — | — | — | — | 2 | — | 2 | |||||
| Balance, December 31, 2023 | 96,971 | $1 | $3,485 | $661 | $(8) | $141 | $4,280 | |||||
(a)Issuance of common shares at $0.01 par value upon conversion to C Corporation from a single member LLC.
(b)Issuance of common shares to DTE Energy in anticipation of the Separation.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.