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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating Revenues $ 2,598 $ 2,595 $ 7,850 $ 9,223
Operating Expenses        
Fuel, purchased power, and gas 1,053 1,119 3,393 4,550
Operation and maintenance 817 860 2,436 2,512
Depreciation and amortization 196 293 625 855
Taxes other than income 91 86 282 268
Asset (gains) losses and impairments, net 1 (2) 9 (10)
Total operating expenses 2,158 2,356 6,745 8,175
Operating Income 440 239 1,105 1,048
Other (Income) and Deductions        
Interest expense 116 107 341 323
Interest income (4) (2) (10) (7)
Other income (55) (55) (155) (136)
Other expenses 17 11 36 29
Total Other (Income) and Deductions 74 61 212 209
Income Before Income Taxes 366 178 893 839
Income Tax Expense 102 21 250 229
Net Income 264 157 643 610
Less: Net Income (Loss) Attributable to Noncontrolling Interests (1) 1 (4) 4
Net Income Attributable to DTE Energy Company/DTE Electric $ 265 $ 156 $ 647 $ 606
Basic Earnings per Common Share        
Net Income Attributable to DTE Energy Company (in dollars per share) $ 1.47 $ 0.88 $ 3.61 $ 3.42
Diluted Earnings per Common Share        
Net Income Attributable to DTE Energy Company (in dollars per share) $ 1.47 $ 0.88 $ 3.61 $ 3.42
Weighted Average Common Shares Outstanding        
Basic (in shares) 179 177 179 177
Diluted (in shares) 180 177 179 177
Dividends Declared per Common Share (in dollars per share) $ 0.73 $ 0.69 $ 2.11 $ 2.00
DTE Electric        
Operating Revenues $ 1,385 $ 1,357 $ 3,735 $ 4,048
Operating Expenses        
Fuel, purchased power, and gas 441 430 1,212 1,328
Operation and maintenance 330 351 966 1,022
Depreciation and amortization 141 238 461 695
Taxes other than income 73 66 214 202
Asset (gains) losses and impairments, net 0 0 0 (1)
Total operating expenses 985 1,085 2,853 3,246
Operating Income 400 272 882 802
Other (Income) and Deductions        
Interest expense 66 65 196 189
Other income (14) (15) (42) (45)
Other expenses 15 11 32 26
Total Other (Income) and Deductions 67 61 186 170
Income Before Income Taxes 333 211 696 632
Income Tax Expense 117 75 244 229
Net Income Attributable to DTE Energy Company/DTE Electric $ 216 $ 136 $ 452 $ 403