XML 23 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net Income $ 587 $ 587
Net Income 583 595
Adjustments to reconcile Net Income to Net cash from operating activities:    
Depreciation and amortization 601 553
Nuclear fuel amortization 30 25
Allowance for equity funds used during construction (13) (13)
Deferred income taxes 80 80
Equity earnings of equity method investees (43) (53)
Dividends from equity method investees 89 34
Asset (gains) losses and impairments, net 13 0
Changes in assets and liabilities:    
Accounts receivable, net 369 20
Inventories 46 104
Prepaid postretirement benefit costs (38) (9)
Accounts payable (247) (34)
Gas inventory equalization 45 37
Accrued pension liability (122) (197)
Accrued postretirement liability 0 (61)
Derivative assets and liabilities (20) (8)
Regulatory assets and liabilities 142 230
Other current and noncurrent assets and liabilities (152) 138
Net cash from operating activities 1,367 1,433
Investing Activities    
Plant and equipment expenditures — utility (1,294) (1,027)
Plant and equipment expenditures — non-utility (102) (130)
Proceeds from sale of nuclear decommissioning trust fund assets 396 616
Investment in nuclear decommissioning trust funds (399) (613)
Distributions from equity method investees 5 5
Contributions to equity method investees (38) (233)
Notes receivable (62)  
Notes receivable   5
Other (20) (3)
Net cash used for investing activities (1,514) (1,380)
Financing Activities    
Issuance of long-term debt, net of issuance costs 1,438 520
Redemption of long-term debt 0 (102)
Short-term borrowings, net (606) (147)
Issuance of common stock 0 6
Dividends paid on common stock (345) (309)
Contributions from noncontrolling interests, principally REF entities 17 22
Distributions to noncontrolling interests (31) (17)
Purchases of noncontrolling interest, principally SGG (300) 0
Other (40) (29)
Net cash from (used for) financing activities 133 (56)
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (14) (3)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 76 89
Cash, Cash Equivalents, and Restricted Cash at End of Period 62 86
Supplemental disclosure of non-cash investing and financing activities    
Plant and equipment expenditures in accounts payable 270 216
DTE Electric    
Operating Activities    
Net Income 280 303
Adjustments to reconcile Net Income to Net cash from operating activities:    
Depreciation and amortization 450 414
Nuclear fuel amortization 30 25
Allowance for equity funds used during construction (12) (9)
Deferred income taxes 38 91
Asset (gains) losses and impairments, net 13 0
Changes in assets and liabilities:    
Accounts receivable, net 53 (86)
Inventories (12) 24
Accounts payable (13) (2)
Accrued pension liability — affiliates (105) (182)
Accrued postretirement liability — affiliates (24) (47)
Regulatory assets and liabilities 137 158
Other current and noncurrent assets and liabilities (169) (4)
Net cash from operating activities 666 685
Investing Activities    
Plant and equipment expenditures (1,073) (825)
Proceeds from sale of nuclear decommissioning trust fund assets 396 616
Investment in nuclear decommissioning trust funds (399) (613)
Notes receivable (5) 0
Other (19) (4)
Net cash used for investing activities (1,100) (826)
Financing Activities    
Issuance of long-term debt, net of issuance costs 643 520
Short-term borrowings, net — affiliate 194 (41)
Short-term borrowings, net — other (149) (108)
Dividends paid on common stock (247) (230)
Other (16) (7)
Net cash from (used for) financing activities 425 134
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (9) (7)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 18 15
Cash, Cash Equivalents, and Restricted Cash at End of Period 9 8
Supplemental disclosure of non-cash investing and financing activities    
Plant and equipment expenditures in accounts payable $ 159 $ 117