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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net Income $ 1,371 $ 1,172 $ 1,118
Net Income 1,368 1,169 1,120
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 1,443 1,263 1,124
Nuclear fuel amortization 37 60 45
Allowance for equity funds used during construction (25) (24) (28)
Deferred income taxes 407 329 114
Equity earnings of equity method investees (132) (111) (132)
Dividends from equity method investees 142 160 74
Asset (gains) losses and impairments, net 47 14 29
Changes in assets and liabilities:      
Accounts receivable, net 111 49 (44)
Inventories 45 59 (32)
Prepaid postretirement benefit costs (107) (24) (45)
Accounts payable 0 (288) 146
Accrued pension liability (11) (29) (87)
Accrued postretirement liability 22 0 (61)
Derivative assets and liabilities (23) (28) 31
Regulatory assets and liabilities 104 160 15
Other current and noncurrent assets and liabilities 266 (113) 413
Net cash from operating activities 3,697 2,649 2,680
Investing Activities      
Plant and equipment expenditures — utility (3,241) (2,724) (2,439)
Plant and equipment expenditures — non-utility (616) (273) (274)
Acquisitions related to business combinations, net of cash acquired (126) (2,470) 0
Proceeds from sale of assets 13 0 0
Proceeds from sale of nuclear decommissioning trust fund assets 2,350 788 1,203
Investment in nuclear decommissioning trust funds (2,350) (794) (1,188)
Distributions from equity method investees 24 10 9
Contributions to equity method investees (37) (149) (637)
Notes receivable (85) (98)  
Notes receivable     2
Other (2) (22) (23)
Net cash used for investing activities (4,070) (5,732) (3,347)
Financing Activities      
Issuance of long-term debt, net of issuance costs 3,692 2,506 1,432
Redemption of long-term debt (882) (821) (105)
Issuance of equity units, net of issuance costs 0 1,265 0
Short-term borrowings, net (790)   (12)
Short-term borrowings, net   219  
Issuance of common stock 2 1,023 0
Dividends paid on common stock (760) (692) (620)
Contributions from noncontrolling interests, principally REF entities 36 38 53
Distributions to noncontrolling interests (39) (59) (48)
Purchases of noncontrolling interest, principally SGG 0 (300) 0
Acquisition related deferred payment, excluding accretion (380) 0 0
Other (83) (79) (46)
Net cash from financing activities 796 3,100 654
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 423 17 (13)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 93 76 89
Cash, Cash Equivalents, and Restricted Cash at End of Period 516 93 76
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 679 595 572
Cash paid (received) for: Income taxes [1] (360) 18 (26)
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable 266 311 307
Premium on equity units 0 150 0
DTE Electric      
Operating Activities      
Net Income 778 716 664
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 1,043 946 836
Nuclear fuel amortization 37 60 45
Allowance for equity funds used during construction (23) (22) (19)
Deferred income taxes 89 97 189
Asset (gains) losses and impairments, net 41 13 0
Changes in assets and liabilities:      
Accounts receivable, net (42) 20 33
Inventories (12) (17) 15
Prepaid postretirement benefit costs — affiliates (69) (77) (76)
Accounts payable 20 (57) 54
Accrued pension liability — affiliates 14 (1) (93)
Accrued postretirement liability — affiliates 17 89 (33)
Regulatory assets and liabilities 55 139 4
Other current and noncurrent assets and liabilities (43) (197) 101
Net cash from operating activities 1,905 1,709 1,720
Investing Activities      
Plant and equipment expenditures (2,674) (2,200) (1,989)
Proceeds from sale of nuclear decommissioning trust fund assets 2,350 788 1,203
Investment in nuclear decommissioning trust funds (2,350) (794) (1,188)
Notes receivable and other (8) (21) (15)
Net cash used for investing activities (2,682) (2,227) (1,989)
Financing Activities      
Issuance of long-term debt, net of issuance costs 1,683 643 519
Redemption of long-term debt (632) 0 0
Capital contribution by parent company 636 180 325
Short-term borrowings, net — affiliate 4 (4) (15)
Short-term borrowings, net — other (354) 205 (89)
Dividends paid on common stock (539) (494) (461)
Other (17) (18) (7)
Net cash from financing activities 781 512 272
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 4 (6) 3
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 12 18 15
Cash, Cash Equivalents, and Restricted Cash at End of Period 16 12 18
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 315 295 283
Cash paid (received) for: Income taxes 14 46 0
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable $ 174 $ 192 $ 181
[1] 2020 cash received primarily relates to AMT credit and other refunds, of which a portion was accelerated due to and CARES Act. See Note 11 to the Consolidated Financial Statements, "Income Taxes," for additional information.