Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 116

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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958 Regulatory liabilities2,993 2,856 Asset retirement obligations4,119 4,031 Unamortized investment tax credit404 269 Derivative liabilities75 57 Accrued pension liability204 214 Accrued postretirement liability226 233 Nuclear decommissioning351 353 Operating lease liabilities189 167 Other201 208 11,711 11,346 Commitments and Contingencies (Notes 5 and 12)EquityCommon stock (No par value, 400,000,000 shares authorized, and 207,515,682 and 207,171,582 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively)6,786 6,779 Retained earnings5,163 4,946 Accumulated other comprehensive loss(28)(26)Total DTE Energy Company Equity11,921 11,699 Noncontrolling interests6 5 Total Equity11,927 11,704 Total Liabilities and Equity$49,555 $48,846 

See Combined Notes to Consolidated Financial Statements (Unaudited)

8

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

Three Months Ended March 31,20252024(In millions)Operating ActivitiesNet Income$445 $313 Adjustments to reconcile Net Income to Net cash from operating activities:Depreciation and amortization452 423 Nuclear fuel amortization17 12 Allowance for equity funds used during construction(24)(18)Deferred income taxes(19)23 Equity (earnings) losses of equity method investees(7)8 Dividends from equity method investees1 — Asset (gains) losses and impairments, net(1)(1)Changes in assets and liabilities:Accounts receivable, net(61)172 Inventories90 7 Prepaid postretirement benefit costs(27)(20)Accounts payable(2)(179)Gas inventory equalization121 90 Accrued pension liability(10)(22)Accrued postretirement liability(7)(7)Derivative assets and liabilities54 94 Regulatory assets and liabilities78 146 Other current and noncurrent assets and liabilities(80)1 Net cash from operating activities1,020 1,042 Investing