Company: DTK
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000936340-25-000065
Chunk: 17

Company: DTE ENERGY CO
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 17
---
 Statements of Operations

Year Ended December 31, 202420232022(In millions)Operating Revenues — Utility operations$6,277 $5,804 $6,397 Operating ExpensesFuel and purchased power — utility1,618 1,492 1,990 Operation and maintenance1,435 1,421 1,538 Depreciation and amortization1,432 1,326 1,204 Taxes other than income352 338 338 Asset (gains) losses and impairments, net12 26 8 4,849 4,603 5,078 Operating Income1,428 1,201 1,319 Other (Income) and DeductionsInterest expense495 429 370 Interest income(7)(20)(8)Non-operating retirement benefits, net(5)(4)(3)Other income(144)(87)(65)Other expenses49 33 44 388 351 338 Income Before Income Taxes1,040 850 981 Income Tax Expense (Benefit)(32)78 26 Net Income$1,072 $772 $955 

See Combined Notes to Consolidated Financial Statements

66

Table of ContentsDTE Electric CompanyConsolidated Statements of Comprehensive Income

Year Ended December 31, 202420232022(In millions)Net Income$1,072 $772 $955 Other comprehensive income— — — Comprehensive Income$1,072 $772 $955 

See Combined Notes to Consolidated Financial Statements

67

Table of ContentsDTE Electric CompanyConsolidated Statements of Financial Position

December 31,20242023(In millions)ASSETSCurrent AssetsCash and cash equivalents$11 $15 Restricted cash48 17 Accounts receivable (less allowance for doubtful accounts of $46 and $41, respectively)Customer734 764 Affiliates6 12 Other58 55 InventoriesFuel193 191 Materials and supplies537 409 Notes receivableAffiliates42 — Regulatory assets39 99 Other101 114 1,769 1,676 InvestmentsNuclear decommissioning trust funds2,256 2,041 Other67 53 2,323 2,094 PropertyProperty, plant, and equipment30,801 27,936 Accumulated depreciation and amortization