Company: DTK
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000936340-25-000065
Chunk: 19

Company: DTE ENERGY CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 19
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Operating Activities(In millions)Net Income$1,072 $772 $955 Adjustments to reconcile Net Income to Net cash from operating activities:Depreciation and amortization1,432 1,326 1,204 Nuclear fuel amortization55 59 42 Allowance for equity funds used during construction(84)(40)(26)Deferred income taxes196 82 25 Asset (gains) losses and impairments, net12 26 8 Changes in assets and liabilities:Accounts receivable, net33 (14)(40)Inventories(130)(99)(26)Prepaid postretirement benefit costs — affiliates(50)(33)57 Accounts payable25 (9)23 Accrued pension liability — affiliates(86)(53)(18)Accrued postretirement liability — affiliates(65)15 (65)Regulatory assets and liabilities499 461 (653)Other current and noncurrent assets and liabilities(93)(218)204 Net cash from operating activities2,816 2,275 1,690 Investing ActivitiesPlant and equipment expenditures(3,636)(3,089)(2,626)Proceeds from sale of nuclear decommissioning trust fund assets555 681 879 Investment in nuclear decommissioning trust funds(559)(678)(878)Notes receivable and other(102)(47)(40)Net cash used for investing activities(3,742)(3,133)(2,665)Financing ActivitiesIssuance of long-term debt, net of discount and issuance costs993 1,881 1,118 Redemption of long-term debt(164)(541)(337)Capital contribution by parent company634 759 600 Short-term borrowings, net — affiliates— (27)(26)Short-term borrowings, net — other281 (183)415 Dividends paid on common stock(776)(1,002)(763)Other(15)(21)(17)Net cash from financing activities953 866 990 Net Increase in Cash and Cash Equivalents27 8 15 Cash and Cash Equivalents at Beginning of Period32 24 9 Cash and Cash Equivalents at End of Period$59 $32 $24 Supplemental disclosure of cash informationCash paid (received) for:Interest, net of interest capitalized$467 $409 $350 Income taxes(a