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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating Revenues $ 2,268 $ 2,698 $ 5,252 $ 6,628
Operating Expenses        
Fuel, purchased power and gas 942 1,276 2,340 3,431
Operation and maintenance 793 811 1,619 1,652
Depreciation and amortization 220 282 429 562
Taxes other than income 91 87 191 182
Asset (gains) losses and impairments, net 18 (7) 8 (8)
Total operating expenses 2,064 2,449 4,587 5,819
Operating Income 204 249 665 809
Other (Income) and Deductions        
Interest expense 115 106 225 216
Interest income (2) (3) (6) (5)
Other income (49) (40) (100) (81)
Other expenses 9 10 19 18
Total Other (Income) and Deductions 73 73 138 148
Income Before Income Taxes 131 176 527 661
Income Tax Expense 26 50 148 208
Net Income 105 126 379 453
Less: Net Income (Loss) Attributable to Noncontrolling Interests (4) 2 (3) 3
Net Income Attributable to DTE Energy Company/DTE Electric $ 109 $ 124 $ 382 $ 450
Basic Earnings per Common Share        
Net Income Attributable to DTE Energy Company (in dollars per share) $ 0.61 $ 0.70 $ 2.13 $ 2.54
Diluted Earnings per Common Share        
Net Income Attributable to DTE Energy Company (in dollars per share) $ 0.61 $ 0.70 $ 2.13 $ 2.54
Weighted Average Common Shares Outstanding        
Basic (in shares) 179 177 179 177
Diluted (in shares) 179 177 179 177
Dividends Declared per Common Share $ 0.69 $ 0.66 $ 1.38 $ 1.31
DTE Electric        
Operating Revenues $ 1,147 $ 1,281 $ 2,350 $ 2,691
Operating Expenses        
Fuel, purchased power and gas 381 400 771 898
Operation and maintenance 319 329 636 671
Depreciation and amortization 165 229 320 457
Taxes other than income 68 65 141 136
Asset (gains) losses and impairments, net 0 (1) 0 (1)
Total operating expenses 933 1,022 1,868 2,161
Operating Income 214 259 482 530
Other (Income) and Deductions        
Interest expense 67 61 130 124
Other income (13) (17) (28) (30)
Other expenses 8 8 17 15
Total Other (Income) and Deductions 62 52 119 109
Income Before Income Taxes 152 207 363 421
Income Tax Expense 53 77 127 154
Net Income Attributable to DTE Energy Company/DTE Electric $ 99 $ 130 $ 236 $ 267