DTE Energy Company (DTE) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments76716692374852
Cash and cash equivalents76716692374852
Net investment in lease5
Restricted cash and investments 5232123120 
Receivables1,7171,8971,8561,5931,3481,5981,542
Inventory, net of allowances, customer advances and progress billings413406399416480512265
Inventory413406399416480512265
Prepaid expense153      
Derivative instruments and hedges, assets751021034712912899
Regulatory current assets221535542327626
Intangible current assets    59
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases57765 
Other current assets136221199195203313209
Other undisclosed current assets388400373349312278613
Total current assets:2,9853,2603,0812,7622,5753,0872,806
Noncurrent Assets
Operating lease, right-of-use asset145
Property, plant and equipment     16,82015,800
Long-term investments and receivables193647373852,0301,896
Long-term investments     1,8691,794
Accounts and financing receivable, after allowance for credit loss1936473738590102
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases    71 
Intangible assets, net (including goodwill)3,2333,1423,1603,1282,0182,1292,152
Goodwill2,2932,2932,2932,2862,0182,0182,018
Intangible assets, net (excluding goodwill)940849867842 111134
Derivative instruments and hedges36315134544427
Regulated entity, other noncurrent assets4,0574,5683,7233,8713,6924,9264,259
Other noncurrent assets195160161170254259198
Other undisclosed noncurrent assets7445  89(20,010)(18,797)
Total noncurrent assets:7,9338,0107,1687,2766,1926,1985,535
Other undisclosed assets27,42725,01823,51822,00319,97018,68917,594
TOTAL ASSETS:38,34536,28833,76732,04128,73727,97425,935
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3591,6281,4401,3231,0291,181962
Accounts payable1,0331,3291,1711,079809973962
Interest and dividends payable326299269244220208 
Debt1,9302,108730513465161694
Derivative instruments and hedges, liabilities686799695777195
Regulatory liability55126183441153302
Other liabilities419509525498429494495
Other undisclosed current liabilities34   507511541
Total current liabilities:3,8654,4382,8122,4372,5282,5773,189
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,81710,98911,04010,5138,3558,3437,214
Long-term debt, excluding current maturities12,70810,98211,03910,5068,3407,8606,618
Finance lease, liability4
Capital lease obligations71715311
Operating lease, liability105
Other undisclosed long-term debt and lease obligation     480585
Liabilities, other than long-term debt9,3786,8196,6728,6428,40212,3067,400
Deferred revenue and credits12293624147
Pension and other postretirement defined benefit plans, liabilities1,003
Accounts payable and accrued liabilities   4,1623,9233,776 
Accumulated deferred investment tax credit163138
Asset retirement obligations2,5762,4692,3202,1972,1941,9621,827
Deferred tax liabilities, net    3,7763,321
Deferred income tax liabilities2,257
Liability, pension and other postretirement and postemployment benefits6588379851,1881,3611,795
Regulatory liability3,3132,9222,875555569667862
Other liabilities337364323349207281297
Derivative instruments and hedges, liabilities7489479886843
Other undisclosed noncurrent liabilities(12,477)(8,809)(8,932)(10,319)(8,178)(11,937)(7,036)
Total noncurrent liabilities:9,7188,9998,7808,8368,5798,7127,578
Other undisclosed liabilities13,85812,13412,18511,2698,8358,3437,214
Total liabilities:27,44125,57123,77722,54219,94219,63217,981
Stockholders' equity
Stockholders' equity attributable to parent10,74010,2379,5129,0118,7728,3277,921
Common stock4,3704,2453,9894,0304,1233,9043,907
Accumulated other comprehensive loss(146)(120)(120)(133)(145)(155)(136)
Retained earnings6,5166,1125,6435,1144,7944,5784,150
Stockholders' equity attributable to noncontrolling interest164480478488231533
Total stockholders' equity:10,90410,7179,9909,4998,7958,3427,954
TOTAL LIABILITIES AND EQUITY:38,34536,28833,76732,04128,73727,97425,935

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues13,27114,21212,60710,63010,33712,3019,661
Cost of revenue(10,806)(11,790)(10,194)(8,434)(8,411)(10,209)(7,973)
Cost of goods and services sold  (1,030)(976)(852)(7,024)(5,149)
Gross profit:2,4652,4222,4132,1961,9262,0921,688
Operating expenses(841)(828)(767)(751)(687)(502)(485)
Operating income:1,6241,5941,6461,4451,2391,5901,203
Nonoperating expense(425)(378)(359)(340)(289)(315)(281)
Investment income, nonoperating141212351310320
Other nonoperating income (expense)214206165(88)148104146
Interest and debt expense(615)(559)(536)(472)(450)(429)(436)
Income from continuing operations before equity method investments, income taxes:584657751633500846486
Other undisclosed income from continuing operations before income taxes615559536472450429436
Income from continuing operations before income taxes:1,1991,2161,2871,1059501,275922
Income tax expense(99)(98)(175)(271)(230)(364)(254)
Net income:1,1001,1181,112834720911668
Net income (loss) attributable to noncontrolling interest(7)222347(6)(7)
Net income attributable to parent:1,0931,1201,134868727905661
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(2)   
Net income available to common stockholders, diluted:1,0911,1181,132866727905661

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,1001,1181,112834720911668
Other comprehensive income (loss)(4)5131210(19)22
Other undisclosed comprehensive income1      
Comprehensive income:1,0971,1231,125846730892690
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)222347(6)7
Other undisclosed comprehensive loss, net of tax, attributable to parent      (14)
Comprehensive income, net of tax, attributable to parent:1,0901,1251,147880737886683

Statements sources

The financial statements are based on the company's filings with the 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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