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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues        
Utility operations $ 1,542 $ 1,417 $ 3,275 $ 3,281
Non-utility operations 1,041 1,471 2,330 3,121
Operating Revenues 2,583 2,888 5,605 6,402
Operating Expenses        
Fuel, purchased power, and gas — utility 374 360 841 942
Fuel, purchased power, and gas — non-utility 789 1,258 1,757 2,643
Operation and maintenance 564 560 1,143 1,151
Depreciation and amortization 350 305 703 601
Taxes other than income 84 92 203 210
Asset (gains) losses and impairments, net 55 13 45 13
Operating Expenses 2,216 2,588 4,692 5,560
Operating Income 367 300 913 842
Other (Income) and Deductions        
Interest expense 179 154 354 306
Interest income (6) (3) (16) (7)
Non-operating retirement benefits, net 6 10 15 19
Other income (101) (73) (166) (161)
Other expenses 6 12 52 23
Other (Income) and Deductions 84 100 239 180
Income Before Income Taxes 283 200 674 662
Income Tax Expense 6 21 55 75
Net Income 277 179 619 587
Less: Net Income (Loss) Attributable to Noncontrolling Interests 0 (3) 2 4
Net Income Attributable to DTE Energy Company/DTE Electric Company $ 277 $ 182 $ 617 $ 583
Basic Earnings per Common Share        
Net Income Attributable to DTE Energy Company (in dollars per share) $ 1.44 $ 0.99 $ 3.20 $ 3.19
Diluted Earnings per Common Share        
Net Income Attributable to DTE Energy Company (in dollars per share) $ 1.44 $ 0.99 $ 3.20 $ 3.18
Weighted Average Common Shares Outstanding        
Basic (in shares) 192 183 192 183
Diluted (in shares) 193 184 192 183
DTE Electric        
Operating Revenues        
Utility operations $ 1,309 $ 1,190 $ 2,521 $ 2,425
Operating Expenses        
Fuel, purchased power, and gas — utility 342 322 639 668
Operation and maintenance 353 334 713 692
Depreciation and amortization 252 229 510 450
Taxes other than income 58 69 141 153
Asset (gains) losses and impairments, net 41 13 41 13
Operating Expenses 1,046 967 2,044 1,976
Operating Income 263 223 477 449
Other (Income) and Deductions        
Interest expense 85 78 166 154
Interest income 0 0 (2) (1)
Other income (37) (25) (50) (58)
Other expenses 7 12 48 20
Other (Income) and Deductions 55 65 162 115
Income Before Income Taxes 208 158 315 334
Income Tax Expense 25 25 38 54
Net Income Attributable to DTE Energy Company/DTE Electric Company $ 183 $ 133 $ 277 $ 280