DTE Energy Company (DTE) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments514937166923748
Cash and cash equivalents514937166923748
Net investment in lease95
Restricted cash and investments2 5232123120
Receivables1,7921,8871,8971,8561,5931,3481,598
Inventory, net of allowances, customer advances and progress billings335373406399416480512
Inventory335373406399416480512
Derivative instruments and hedges, assets11613310210347129128
Regulatory current assets129515355423276
Intangible current assets     59
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases57765
Other current assets229209221199195203313
Other undisclosed current assets372381400373349312278
Total current assets:3,4983,0863,2603,0812,7622,5753,087
Noncurrent Assets
Property, plant and equipment27,96925,317    16,820
Long-term investments and receivables3,9193,788647373852,030
Long-term investments3,9193,788    1,869
Accounts and financing receivable, after allowance for credit loss  6473738590
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases    71
Intangible assets, net (including goodwill)  3,1423,1603,1282,0182,129
Goodwill  2,2932,2932,2862,0182,018
Intangible assets, net (excluding goodwill)  849867842 111
Derivative instruments and hedges  3151345444
Regulated entity, other noncurrent assets  4,5683,7233,8713,6924,926
Other noncurrent assets10,1109,691160161170254259
Other undisclosed noncurrent assets  45  89(20,010)
Total noncurrent assets:41,99838,7968,0107,1687,2766,1926,198
Other undisclosed assets  25,01823,51822,00319,97018,689
TOTAL ASSETS:45,49641,88236,28833,76732,04128,73727,974
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3971,4181,6281,4401,3231,0291,181
Accounts payable1,0291,0761,3291,1711,079809973
Interest and dividends payable368342299269244220208
Debt5071,5152,108730513465161
Derivative instruments and hedges, liabilities68836799695777
Regulatory liability3965126183441153
Business combination, contingent consideration, liability 379     
Other liabilities647504509525498429494
Other undisclosed current liabilities3333   507511
Total current liabilities:2,6913,9974,4382,8122,4372,5282,577
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,00115,93510,98911,04010,5138,3558,343
Long-term debt, excluding current maturities18,97715,92410,98211,03910,5068,3407,860
Finance lease, liability2411
Capital lease obligations717153
Other undisclosed long-term debt and lease obligation      480
Liabilities, other than long-term debt11,21510,1146,8196,6728,6428,40212,306
Deferred revenue and credits122936241
Accounts payable and accrued liabilities    4,1623,9233,776
Accumulated deferred investment tax credit  138
Asset retirement obligations  2,4692,3202,1972,1941,962
Deferred tax liabilities, net    3,776
Liability, pension and other postretirement and postemployment benefits  8379851,1881,3611,795
Regulatory liability  2,9222,875555569667
Other liabilities11,21510,114364323349207281
Derivative instruments and hedges, liabilities  894798868
Other undisclosed noncurrent liabilities  (8,809)(8,932)(10,319)(8,178)(11,937)
Total noncurrent liabilities:30,21626,0498,9998,7808,8368,5798,712
Other undisclosed liabilities  12,13412,18511,2698,8358,343
Total liabilities:32,90730,04625,57123,77722,54219,94219,632
Stockholders' equity
Stockholders' equity attributable to parent12,42511,67210,2379,5129,0118,7728,327
Common stock5,4065,2334,2453,9894,0304,1233,904
Accumulated other comprehensive loss(137)(148)(120)(120)(133)(145)(155)
Retained earnings7,1566,5876,1125,6435,1144,7944,578
Stockholders' equity attributable to noncontrolling interest1641644804784882315
Total stockholders' equity:12,58911,83610,7179,9909,4998,7958,342
TOTAL LIABILITIES AND EQUITY:45,49641,88236,28833,76732,04128,73727,974

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues12,17712,66914,21212,60710,63010,33712,301
Cost of revenue(9,307)(10,129)(11,790)(10,194)(8,434)(8,411)(10,209)
Cost of goods and services sold   (1,030)(976)(852)(7,024)
Gross profit:2,8702,5402,4222,4132,1961,9262,092
Operating expenses(884)(833)(828)(767)(751)(687)(502)
Operating income:1,9861,7071,5941,6461,4451,2391,590
Nonoperating expense(448)(383)(378)(359)(340)(289)(315)
Investment income, nonoperating381712123513103
Other nonoperating income (expense)284280206165(88)148104
Interest and debt expense(720)(641)(559)(536)(472)(450)(429)
Income from continuing operations before equity method investments, income taxes:818683657751633500846
Other undisclosed income from continuing operations before income taxes720641559536472450429
Income from continuing operations before income taxes:1,5381,3241,2161,2871,1059501,275
Income tax expense(167)(152)(98)(175)(271)(230)(364)
Net income:1,3711,1721,1181,112834720911
Net income (loss) attributable to noncontrolling interest(3)(3)222347(6)
Net income attributable to parent:1,3681,1691,1201,134868727905
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(2)(2)  
Net income available to common stockholders, diluted:1,3661,1671,1181,132866727905

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,3711,1721,1181,112834720911
Other comprehensive income (loss)11(3)5131210(19)
Comprehensive income:1,3821,1691,1231,125846730892
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(3)222347(6)
Comprehensive income, net of tax, attributable to parent:1,3791,1661,1251,147880737886

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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