DTE Energy Company (DTE)

DTE Energy Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	12,415	12,745	19,228	14,964	11,423	12,168
Revenue Growth (YoY)	-10.21%	-33.72%	28.50%	31.00%	-6.12%	-14.38%
Fuel & Purchased Power	5,822	6,258	13,160	9,208	5,839	6,833
Operations & Maintenance	2,190	2,160	2,400	2,420	2,305	2,316
Depreciation & Amortization	1,709	1,606	1,468	1,377	1,292	1,169
Other Operating Expenses	476	471	456	448	445	445
Total Operating Expenses	10,197	10,495	17,484	13,453	9,881	10,763
Operating Income	2,218	2,250	1,744	1,511	1,542	1,405
Interest Expense	-911	-791	-675	-630	-601	-568
Interest Income	121	57	46	22	29	9
Net Interest Expense	-790	-734	-629	-608	-572	-559
Income (Loss) on Equity Investments	32	3	-14	38	26	14
Allowance for Equity Funds for Construction	78	42	29	27	25	24
Other Non-Operating Income (Expenses)	18	21	-23	114	104	143
EBT Excluding Unusual Items	1,556	1,582	1,107	1,082	1,125	1,027
Gain (Loss) on Sale of Assets	-26	-16	5	-33	-37	-14
Other Unusual Items	-	-	-	-393	-6	-
Pretax Income	1,530	1,566	1,112	656	1,082	1,013
Income Tax Expense	-1	169	29	-130	37	71
Earnings From Continuing Ops.	1,531	1,397	1,083	786	1,045	942
Earnings From Discontinued Ops.	-	-	-	111	314	214
Net Income to Company	1,531	1,397	1,083	897	1,359	1,156
Minority Interest in Earnings	-	-	-	10	9	13
Net Income	1,531	1,397	1,083	907	1,368	1,169
Preferred Dividends & Other Adjustments	4	3	3	2	2	2
Net Income to Common	1,527	1,394	1,080	905	1,366	1,167
Net Income Growth	23.17%	28.99%	19.40%	-33.70%	17.02%	4.37%
Shares Outstanding (Basic)	207	206	195	193	193	185
Shares Outstanding (Diluted)	207	206	196	194	193	185
Shares Change (YoY)	0.85%	5.10%	1.03%	0.52%	4.32%	2.21%
EPS (Basic)	7.39	6.77	5.54	4.69	7.08	6.31
EPS (Diluted)	7.38	6.76	5.52	4.67	7.08	6.31
EPS Growth	21.85%	22.46%	18.15%	-33.98%	12.21%	2.22%
Free Cash Flow	-937	-714	-1,401	-705	-160	-348
Free Cash Flow Per Share	-4.53	-3.47	-7.15	-3.63	-0.83	-1.88
Dividend Per Share	4.080	3.877	3.610	3.880	4.120	3.850
Dividend Growth	7.02%	7.41%	-6.96%	-5.83%	7.01%	6.94%
Profit Margin	12.30%	10.94%	5.62%	6.05%	11.96%	9.59%
Free Cash Flow Margin	-7.55%	-5.60%	-7.29%	-4.71%	-1.40%	-2.86%
EBITDA	3,448	3,382	2,798	2,542	2,499	2,285
EBITDA Margin	27.77%	26.54%	14.55%	16.99%	21.88%	18.78%
D&A For EBITDA	1,230	1,132	1,054	1,031	957	880
EBIT	2,218	2,250	1,744	1,511	1,542	1,405
EBIT Margin	17.87%	17.65%	9.07%	10.10%	13.50%	11.55%
Effective Tax Rate	-	10.79%	2.61%	-	3.42%	7.01%
Revenue as Reported	12,415	12,745	19,228	14,964	11,423	12,168

Source: S&P Capital IQ. Utility template. Financial Sources.