DTE Energy Company (DTE) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments285149371669237
Cash and cash equivalents285149371669237
Net investment in lease695
Restricted cash and investments72 5232123
Receivables1,8301,7921,8871,8971,8561,5931,348
Inventory, net of allowances, customer advances and progress billings368335373406399416480
Inventory368335373406399416480
Derivative instruments and hedges, assets18111613310210347129
Regulatory current assets1951295153554232
Intangible current assets      5
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases5776
Other current assets218229209221199195203
Other undisclosed current assets484372381400373349312
Total current assets:3,3173,4983,0863,2603,0812,7622,575
Noncurrent Assets
Property, plant and equipment26,94427,96925,317    
Long-term investments and receivables2,4523,9193,78864737385
Long-term investments2,4523,9193,788    
Accounts and financing receivable, after allowance for credit loss   64737385
Intangible assets, net (including goodwill)   3,1423,1603,1282,018
Goodwill   2,2932,2932,2862,018
Intangible assets, net (excluding goodwill)   849867842 
Derivative instruments and hedges   31513454
Regulated entity, other noncurrent assets   4,5683,7233,8713,692
Other noncurrent assets7,00610,1109,691160161170254
Other undisclosed noncurrent assets   45  89
Total noncurrent assets:36,40241,99838,7968,0107,1687,2766,192
Other undisclosed assets   25,01823,51822,00319,970
TOTAL ASSETS:39,71945,49641,88236,28833,76732,04128,737
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7251,3971,4181,6281,4401,3231,029
Accounts payable1,4141,0291,0761,3291,1711,079809
Interest and dividends payable311368342299269244220
Debt3,6325071,5152,108730513465
Derivative instruments and hedges, liabilities238688367996957
Regulatory liability1563965126183441
Business combination, contingent consideration, liability  379    
Other liabilities581647504509525498429
Other undisclosed current liabilities143333   507
Total current liabilities:6,3462,6913,9974,4382,8122,4372,528
Noncurrent Liabilities
Long-term debt and lease obligation14,53119,00115,93510,98911,04010,5138,355
Long-term debt, excluding current maturities14,51218,97715,92410,98211,03910,5068,340
Finance lease, liability192411
Capital lease obligations71715
Liabilities, other than long-term debt10,12911,21510,1146,8196,6728,6428,402
Deferred revenue and credits1229362
Accounts payable and accrued liabilities     4,1623,923
Accumulated deferred investment tax credit   138
Asset retirement obligations   2,4692,3202,1972,194
Liability, pension and other postretirement and postemployment benefits   8379851,1881,361
Regulatory liability   2,9222,875555569
Other liabilities10,12911,21510,114364323349207
Derivative instruments and hedges, liabilities   89479886
Other undisclosed noncurrent liabilities   (8,809)(8,932)(10,319)(8,178)
Total noncurrent liabilities:24,66030,21626,0498,9998,7808,8368,579
Other undisclosed liabilities   12,13412,18511,2698,835
Total liabilities:31,00632,90730,04625,57123,77722,54219,942
Stockholders' equity
Stockholders' equity attributable to parent8,70512,42511,67210,2379,5129,0118,772
Common stock5,3795,4065,2334,2453,9894,0304,123
Accumulated other comprehensive loss(112)(137)(148)(120)(120)(133)(145)
Retained earnings3,4387,1566,5876,1125,6435,1144,794
Stockholders' equity attributable to noncontrolling interest 16416448047848823
Other undisclosed stockholders' equity8      
Total stockholders' equity:8,71312,58911,83610,7179,9909,4998,795
TOTAL LIABILITIES AND EQUITY:39,71945,49641,88236,28833,76732,04128,737

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues14,96412,17712,66914,21212,60710,63010,337
Cost of revenue(12,534)(9,307)(10,129)(11,790)(10,194)(8,434)(8,411)
Gross profit:2,4302,8702,5402,4222,4132,1961,926
Operating expenses(935)(884)(833)(828)(767)(751)(687)
Operating income:1,4951,9861,7071,5941,6461,4451,239
Nonoperating expense(839)(448)(383)(378)(359)(340)(289)
Other nonoperating income (expense)179284280206165(88)148
Interest and debt expense(393)(720)(641)(559)(536)(472)(450)
Income from continuing operations before equity method investments, income taxes:263818683657751633500
Other undisclosed income from continuing operations before income taxes393720641559536472450
Income from continuing operations before income taxes:6561,5381,3241,2161,2871,105950
Income tax expense (benefit)130(167)(152)(98)(175)(271)(230)
Income from continuing operations:7861,3711,1721,1181,112834720
Income from discontinued operations117      
Net income:9031,3711,1721,1181,112834720
Net income (loss) attributable to noncontrolling interest (3)(3)222347
Other undisclosed net income attributable to parent4      
Net income attributable to parent:9071,3681,1691,1201,134868727
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(2)(2)(2) 
Net income available to common stockholders, diluted:9051,3661,1671,1181,132866727

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:9031,3711,1721,1181,112834720
Other comprehensive income (loss)1511(3)5131210
Comprehensive income:9181,3821,1691,1231,125846730
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4(3)(3)222347
Comprehensive income, net of tax, attributable to parent:9221,3791,1661,1251,147880737

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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