Company: DTK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000936340-25-000223
Chunk: 48

Company: DTE ENERGY CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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Unaudited)

Nine Months Ended September 30,20252024(In millions)Operating ActivitiesNet Income$1,093 $1,112 Adjustments to reconcile Net Income to Net cash from operating activities:Depreciation and amortization1,367 1,288 Nuclear fuel amortization50 38 Allowance for equity funds used during construction(72)(62)Deferred income taxes70 16 Equity (earnings) of equity method investees(16)(36)Dividends from equity method investees2 2 Asset (gains) losses and impairments, net48 (1)Changes in assets and liabilities:Accounts receivable, net252 174 Inventories(304)(337)Prepaid postretirement benefit costs(59)(51)Accounts payable(97)(89)Accrued pension liability(27)(64)Accrued postretirement liability(1)— Derivative assets and liabilities17 43 Regulatory assets and liabilities144 505 Other current and noncurrent assets and liabilities(106)21 Net cash from operating activities2,361 2,559 Investing ActivitiesPlant and equipment expenditures — utility(2,999)(3,170)Plant and equipment expenditures — non-utility(67)(50)Acquisition related to business combination, net of cash acquired(211)— Proceeds from sale of assets5 46 Proceeds from sale of nuclear decommissioning trust fund assets592 438 Investment in nuclear decommissioning trust funds(596)(440)Distributions from equity method investees8 20 Contributions to equity method investees— (4)Notes receivable(351)(443)Investment in time deposits— (1,050)Other(64)(60)Net cash used for investing activities(3,683)(4,713)Financing ActivitiesIssuance of long-term debt, net of discount and issuance costs4,024 4,215 Redemption of long-term debt(1,200)(143)Short-term borrowings, net(851)(317)Dividends paid on common stock(653)(607)Other(7)(22)Net cash from financing activities1,313 3,126 Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash(9)972 Cash, Cash Equivalents, and Restricted Cash at Beginning of Period88 51 Cash,