Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 118

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 118
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Accumulated Other Comprehensive Income (Loss)Noncontrolling InterestsCommon StockSharesAmountTotal(Dollars in millions, shares in thousands)Balance, December 31, 2023206,357 $6,713 $4,404 $(67)$5 $11,055 Net Income— — 313 — — 313 Dividends declared on common stock ($1.02 per Common Share)— — (211)— — (211)Issuance of common stock84 9 — — — 9 Other comprehensive income, net of tax— — — 25 — 25 Stock-based compensation and other496 (12)(1)— — (13)Balance, March 31, 2024206,937 $6,710 $4,505 $(42)$5 $11,178 

See Combined Notes to Consolidated Financial Statements (Unaudited)

10

Table of ContentsDTE Electric CompanyConsolidated Statements of Operations (Unaudited)

Three Months Ended March 31,20252024(In millions)Operating Revenues — Utility operations$1,454 $1,466 Operating ExpensesFuel and purchased power — utility415 370 Operation and maintenance343 380 Depreciation and amortization378 350 Taxes other than income94 84 1,230 1,184 Operating Income224 282 Other (Income) and DeductionsInterest expense132 117 Interest income(1)(2)Non-operating retirement benefits, net(1)2 Other income(36)(32)Other expenses12 9 106 94 Income Before Income Taxes118 188 Income Tax Expense (Benefit)(3)18 Net Income$121 $170 

See Combined Notes to Consolidated Financial Statements (Unaudited)

11

Table of ContentsDTE Electric CompanyConsolidated Statements of Comprehensive Income (Unaudited)

Three Months Ended March 31,20252024(In millions)Net Income$121 $170 Other comprehensive income— — Comprehensive Income$121 $170 

See Combined Notes to Consolidated Financial Statements (Unaudited)

12

Table of ContentsDTE Electric CompanyConsolidated Statements of Financial Position (Unaudited)

March 31,December 31,20252024(In millions)ASSETSCurrent AssetsCash and cash equivalents