DT Midstream Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
View on SEC.govAbout 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.
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 Financial Position
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (millions) | ||
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $56 | $61 |
| Accounts receivable (net of $— allowance for expected credit loss for each period end) | 154 | 161 |
| Deferred property taxes | 31 | 22 |
| Taxes receivable | 15 | — |
| Prepaid expenses and other | 16 | 18 |
| 272 | 262 | |
| Investments | ||
| Investments in equity method investees | 1,762 | 2,200 |
| Property | ||
| Property, plant, and equipment | 5,282 | 4,534 |
| Accumulated depreciation | (848) | (728) |
| 4,434 | 3,806 | |
| Other Assets | ||
| Goodwill | 473 | 473 |
| Long-term notes receivable — related party | 4 | 4 |
| Operating lease right-of-use assets | 38 | 31 |
| Intangible assets, net | 1,968 | 2,025 |
| Other | 31 | 32 |
| 2,514 | 2,565 | |
| Total Assets | $8,982 | $8,833 |
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (millions, except shares) | ||
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable | $94 | $119 |
| Short-term borrowings | 165 | 330 |
| Operating lease liabilities | 13 | 16 |
| Dividends payable | 67 | 62 |
| Interest payable | 10 | 10 |
| Property taxes payable | 34 | 29 |
| Accrued compensation | 18 | 20 |
| Contract liabilities | 18 | 4 |
| Other | 15 | 24 |
| 434 | 614 | |
| Long-Term Debt, net | 3,065 | 3,059 |
| Other Liabilities | ||
| Deferred income taxes | 1,031 | 923 |
| Operating lease liabilities | 27 | 19 |
| Contract liabilities | 111 | 28 |
| Other | 34 | 36 |
| 1,203 | 1,006 | |
| Total Liabilities | 4,702 | 4,679 |
| Commitments and Contingencies (Note 12) | ||
| Stockholders' Equity | ||
| Preferred stock ($0.01 par value, 50,000,000 shares authorized, and no shares issued or outstanding as of December 31, 2023 and 2022) | — | — |
| Common stock ($0.01 par value, 550,000,000 shares authorized, and 96,971,021 and 96,754,549 shares issued and outstanding as of December 31, 2023 and 2022, respectively) | 1 | 1 |
| Additional paid-in capital | 3,485 | 3,469 |
| Retained earnings | 661 | 547 |
| Accumulated other comprehensive income (loss) | (8) | (10) |
| Total DT Midstream Equity | 4,139 | 4,007 |
| Noncontrolling interests | 141 | 147 |
| Total Equity | 4,280 | 4,154 |
| Total Liabilities and Equity | $8,982 | $8,833 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.