XML 29 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net Income $ 385 $ 379
Net Income (Loss) 399 382
Adjustments to reconcile Net Income to net cash from operating activities:    
Depreciation and amortization 472 429
Nuclear fuel amortization 29 28
Allowance for equity funds used during construction (10) (10)
Deferred income taxes 134 148
Equity earnings of equity method investees (35) (32)
Dividends from equity method investees 33 30
Asset (gains) losses and impairments, net 0 (8)
Changes in assets and liabilities:    
Accounts receivable, net 81 234
Inventories 86 73
Accounts payable (10) (119)
Gas inventory equalization 46 56
Accrued pension liability 3 (96)
Accrued postretirement liability (53) (192)
Derivative assets and liabilities 93 48
Regulatory assets and liabilities 71 89
Other current and noncurrent assets and liabilities (53) 107
Net cash from operating activities 1,272 1,180
Investing Activities    
Plant and equipment expenditures — utility (797) (781)
Plant and equipment expenditures — non-utility (64) (114)
Acquisition 0 (241)
Proceeds from sale of assets 0 16
Restricted cash for debt redemption, principally Securitization, net 1 99
Proceeds from sale of nuclear decommissioning trust fund assets 741 440
Investment in nuclear decommissioning trust funds (744) (446)
Distributions from equity method investees 7 9
Contributions to equity method investees (121) (32)
Other 39 14
Net cash used for investing activities (938) (1,036)
Financing Activities    
Issuance of long-term debt, net of issuance costs 588 793
Redemption of long-term debt (313) (118)
Short-term borrowings, net (324) (398)
Issuance of common stock 0 9
Repurchase of common stock (33) 0
Dividends on common stock (262) (246)
Other 5 (2)
Net cash from (used for) financing activities (339) 38
Net Increase (Decrease) in Cash and Cash Equivalents (5) 182
Cash and Cash Equivalents at Beginning of Period 37 48
Cash and Cash Equivalents at End of Period 32 230
Supplemental disclosure of non-cash investing and financing activities    
Plant and equipment expenditures in accounts payable 154 206
DTE Electric    
Operating Activities    
Net Income (Loss) 262 236
Adjustments to reconcile Net Income to net cash from operating activities:    
Depreciation and amortization 363 320
Nuclear fuel amortization 29 28
Allowance for equity funds used during construction (9) (10)
Deferred income taxes 146 127
Changes in assets and liabilities:    
Accounts receivable, net (32) (43)
Inventories 25 (15)
Accounts payable 32 (28)
Accrued pension liability — affiliates 5 (183)
Accrued postretirement liability — affiliates (34) (150)
Regulatory assets and liabilities 82 38
Other current and noncurrent assets and liabilities (44) 48
Net cash from operating activities 825 368
Investing Activities    
Plant and equipment expenditures (640) (665)
Acquisition 0 (241)
Proceeds from sale of assets 6 0
Restricted cash for debt redemption, principally Securitization, net 0 96
Notes receivable from affiliate (62) 8
Proceeds from sale of nuclear decommissioning trust fund assets 741 440
Investment in nuclear decommissioning trust funds (744) (446)
Transfer of Rabbi Trust assets to affiliate 0 137
Other 36 14
Net cash used for investing activities (663) (657)
Financing Activities    
Issuance of long-term debt, net of issuance costs 297 495
Redemption of long-term debt (10) (115)
Capital contribution by parent company 0 300
Short-term borrowings, net — affiliate 33 (30)
Short-term borrowings, net — other (272) (50)
Dividends on common stock (210) (199)
Other (2) (3)
Net cash from (used for) financing activities (164) 398
Net Increase (Decrease) in Cash and Cash Equivalents (2) 109
Cash and Cash Equivalents at Beginning of Period 15 14
Cash and Cash Equivalents at End of Period 13 123
Supplemental disclosure of non-cash investing and financing activities    
Plant and equipment expenditures in accounts payable $ 112 $ 154