Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 11

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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 the electric and natural gas utilities, to grow the non-utility businesses, to retire and pay interest on long-term debt, and to pay dividends.  DTE Energy believes it will have sufficient internal and external capital resources to fund anticipated capital and operating requirements.  DTE Energy expects that cash from operations in 2025 will be approximately $3.3 billion.  DTE Energy anticipates base level utility capital investments, including environmental, renewable, and energy waste reduction expenditures, and expenditures for non-utility businesses of approximately $4.9 billion in 2025.  DTE Energy plans to seek regulatory approval to include utility capital expenditures in regulatory rate base consistent with prior treatment.  Capital spending for growth of existing or new non-utility businesses will depend on the existence of opportunities that meet strict risk-return and value creation criteria.

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Refer below for analysis of cash flows relating to operating, investing, and financing activities, which reflect DTE Energy's change in financial condition.  Any significant non-cash items are included in the Supplemental disclosure of non-cash investing and financing activities within the Consolidated Statements of Cash Flows, as applicable.

Three Months Ended March 31,20252024(In millions)Cash, Cash Equivalents, and Restricted Cash at Beginning of Period$88 $51 Net cash from operating activities1,020 1,042 Net cash used for investing activities(968)(1,616)Net cash from (used for) financing activities(50)872 Net Increase in Cash, Cash Equivalents, and Restricted Cash2 298 Cash, Cash Equivalents, and Restricted Cash at End of Period$90 $349 

Cash from Operating Activities

A majority of DTE Energy's operating cash flows are provided by the electric and natural gas utilities, which are significantly influenced by factors such as weather, electric retail access, regulatory deferrals, regulatory outcomes, economic conditions, changes in working capital, and operating costs.

Net cash from operations decreased by $22 million in 2025.  The decrease was primarily due to a decrease in cash related to working capital items, partially offset by an increase in Net income.

The change in working capital items in 2025 was primarily due to decreases in cash related to Accounts receivable, net, Derivative assets and liabilities, Regulatory assets and liabilities, and Other current and noncurrent assets and liabilities, partially offset by increases in cash related to Inventories and Accounts payable.

Cash used for Investing Activities

Cash inflows