Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 42

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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missioning351 353 Accrued pension liability — affiliates244 248 Accrued postretirement liability — affiliates218 225 Operating lease liabilities158 142 Other74 83 10,589 10,257 Commitments and Contingencies (Notes 5 and 12)Shareholder’s EquityCommon stock ($10 par value, 400,000,000 shares authorized, and 138,632,324 shares issued and outstanding for both periods)7,995 7,995 Retained earnings3,069 3,159 Total Shareholder’s Equity11,064 11,154 Total Liabilities and Shareholder’s Equity$35,793 $35,221 

See Combined Notes to Consolidated Financial Statements (Unaudited)

14

Table of ContentsDTE Electric CompanyConsolidated Statements of Cash Flows (Unaudited)

Three Months Ended March 31,20252024(In millions)Operating ActivitiesNet Income$121 $170 Adjustments to reconcile Net Income to Net cash from operating activities:Depreciation and amortization378 350 Nuclear fuel amortization17 12 Allowance for equity funds used during construction(24)(18)Deferred income taxes(19)18 Changes in assets and liabilities:Accounts receivable, net(19)7 Inventories25 (32)Accounts payable14 59 Prepaid postretirement benefit costs — affiliates(14)(10)Accrued pension liability — affiliates(4)(13)Accrued postretirement liability — affiliates(7)(8)Regulatory assets and liabilities88 127 Other current and noncurrent assets and liabilities(45)(84)Net cash from operating activities511 578 Investing ActivitiesPlant and equipment expenditures(732)(868)Proceeds from sale of nuclear decommissioning trust fund assets139 108 Investment in nuclear decommissioning trust funds(142)(110)Other(4)(12)Net cash used for investing activities(739)(882)Financing ActivitiesIssuance of long-term debt, net of discount and issuance costs— 993 Redemption of long-term debt(365)(100)Short-term borrowings, net — affiliates960 — Short-term borrowings, net — other(153)(175)Dividends paid on common stock(211)(194)Other(11)(12)Net cash from financing activities220 512 Net Increase (Decrease) in