DTE Energy Company (DTG) Financial Statements (2025 and earlier)

Company Profile

Business Address ONE ENERGY PLAZA
DETROIT, MI 48226
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2633285149371
Cash and cash equivalent2633285149371
Net investment in lease, before allowance for credit loss   695✕
Restricted cash and investments251072 5
Receivables1,7872,1821,8301,7921,8871,897
Inventory, net of allowances, customer advances and progress billings421433368335373406
Inventory421433368335373406
Derivative instruments and hedges, assets297328181116133102
Regulatory asset1084501951295153
Other current assets242235218229209221
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕✕✕✕✕✕5
Net investment in lease, excluding accrued interest, after allowance for credit loss✕87 ✕✕✕
Other undisclosed current assets625502484372381400
Total current assets:3,5394,1803,3173,4983,0863,260
Noncurrent Assets
Property, plant and equipment 28,16928,76726,94427,96925,317 
Long-term investments and receivables2,3752,1552,4523,9193,78864
Long-term investments2,3752,1552,4523,9193,788 
Accounts and financing receivable, after allowance for credit loss      64
Intangible assets, net (including goodwill)      3,142
Goodwill      2,293
Intangible assets, net (excluding goodwill)      849
Derivative instruments and hedges      31
Regulated entity, other noncurrent assets      4,568
Other noncurrent assets10,6727,5817,00610,1109,691160
Other undisclosed noncurrent assets     45
Total noncurrent assets:41,21638,50336,40241,99838,7968,010
Other undisclosed assets      25,018
TOTAL ASSETS:44,75542,68339,71945,49641,88236,288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7411,9541,7251,3971,4181,628
Interest and dividends payable✕✕✕311368342299
Accounts payable1,3611,6041,4141,0291,0761,329
Accrued liabilities380350    
Debt3,4252,2863,6325071,5152,108
Derivative instruments and hedges, liabilities177342238688367
Regulatory liability71341563965126
Business combination, contingent consideration, liability     379 
Other liabilities452544581647504509
Other undisclosed current liabilities1713143333 
Total current liabilities:5,8835,1736,3462,6913,9974,438
Noncurrent Liabilities
Long-term debt and lease obligation, including:17,42016,87314,53119,00115,93510,989
Long-term debt, excluding current maturities16,70216,69014,51218,97715,92410,982
Capital lease obligations✕✕✕✕✕✕7
Finance lease, liability1311192411✕
Other undisclosed long-term debt and lease obligation705172    
Liabilities, other than long-term debt10,39710,23610,12911,21510,1146,819
Accumulated deferred investment tax credit      138
Asset retirement obligations      2,469
Liability, pension and other postretirement and postemployment benefits      837
Regulatory liability      2,922
Other liabilities10,39710,23610,12911,21510,114364
Derivative instruments and hedges, liabilities      89
Other undisclosed noncurrent liabilities      (8,809)
Total noncurrent liabilities:27,81727,10924,66030,21626,0498,999
Other undisclosed liabilities      12,134
Total liabilities:33,70032,28231,00632,90730,04625,571
Equity
Equity, attributable to parent11,05010,3978,70512,42511,67210,237
Common stock6,7136,6515,3795,4065,2334,245
Accumulated other comprehensive loss(67)(62)(112)(137)(148)(120)
Retained earnings4,4043,8083,4387,1566,5876,112
Equity, attributable to noncontrolling interest54 164164480
Other undisclosed equity   8   
Total equity:11,05510,4018,71312,58911,83610,717
TOTAL LIABILITIES AND EQUITY:44,75542,68339,71945,49641,88236,288

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues12,74519,22814,96412,17712,66914,212
Cost of revenue(9,468)(16,512)(12,534)(9,307)(10,129)(11,790)
Gross profit:3,2772,7162,4302,8702,5402,422
Operating expenses(1,034)(968)(935)(884)(833)(828)
Operating income:2,2431,7481,4951,9861,7071,594
Nonoperating expense(677)(636)(839)(448)(383)(378)
Investment income, nonoperating574622381712
Other nonoperating income (expense)66(8)179284280206
Interest and debt expense(791)(675)(393)(720)(641)(559)
Income from continuing operations before equity method investments, income taxes:775437263818683657
Other undisclosed income from continuing operations before income taxes791675393720641559
Income from continuing operations before income taxes:1,5661,1126561,5381,3241,216
Income tax expense (benefit)(169)(29)130(167)(152)(98)
Income from continuing operations:1,3971,0837861,3711,1721,118
Income before gain (loss) on sale of properties:✕✕✕9031,3711,1721,118
Income from discontinued operations   117   
Net income:1,3971,0839031,3711,1721,118
Net income (loss) attributable to noncontrolling interest    (3)(3)2
Other undisclosed net income attributable to parent   4   
Net income attributable to parent:1,3971,0839071,3681,1691,120
Other undisclosed net loss available to common stockholders, basic(3)(3)(2)(2)(2)(2)
Net income available to common stockholders, diluted:1,3941,0809051,3661,1671,118

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,3971,0839031,3711,1721,118
Other comprehensive income (loss)(5)501511(3)5
Comprehensive income:1,3921,1339181,3821,1691,123
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   4(3)(3)2
Comprehensive income, net of tax, attributable to parent:1,3921,1339221,3791,1661,125

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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