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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net Income $ 1,172 $ 1,118 $ 1,112
Net Income 1,169 1,120 1,134
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 1,263 1,124 1,030
Nuclear fuel amortization 60 45 53
Allowance for equity funds used during construction (24) (28) (23)
Deferred income taxes 329 114 196
Equity earnings of equity method investees (111) (132) (102)
Dividends from equity method investees 160 74 74
Asset (gains) losses and impairments, net 14 29 38
Changes in assets and liabilities:      
Accounts receivable, net 49 (44) (252)
Inventories 59 (32) (4)
Prepaid postretirement benefit costs (24) (45) 0
Accounts payable (288) 146 129
Accrued pension liability (29) (87) (228)
Accrued postretirement liability 0 (61) 25
Derivative assets and liabilities (28) 31 (94)
Regulatory assets and liabilities 160 15 217
Other current and noncurrent assets and liabilities (113) 413 (54)
Net cash from operating activities 2,649 2,680 2,117
Investing Activities      
Plant and equipment expenditures — utility (2,724) (2,439) (2,037)
Plant and equipment expenditures — non-utility (273) (274) (213)
Acquisition, net of cash acquired (2,470) 0 0
Proceeds from sale of nuclear decommissioning trust fund assets 788 1,203 1,240
Investment in nuclear decommissioning trust funds (794) (1,188) (1,226)
Distributions from equity method investees 10 9 10
Contributions to equity method investees (149) (637) (299)
Notes receivable (98)    
Notes receivable   2 1
Other (22) (23) (38)
Net cash used for investing activities (5,732) (3,347) (2,562)
Financing Activities      
Issuance of long-term debt, net of issuance costs 2,506 1,432 1,398
Redemption of long-term debt (821) (105) (385)
Issuance of equity units, net of issuance costs 1,265 0 0
Short-term borrowings, net 219   122
Short-term borrowings, net   (12)  
Issuance of common stock 1,023 0 0
Repurchase of common stock 0 0 (51)
Dividends on common stock (692) (620) (592)
Contributions from noncontrolling interests, principally REF entities 38 53 50
Distributions to noncontrolling interests (59) (48) (40)
Purchases of noncontrolling interest, principally SGG (300) 0 0
Other (79) (46) (81)
Net cash from (used for) financing activities 3,100 654 421
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 17 (13) (24)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 76 89 113
Cash, Cash Equivalents, and Restricted Cash at End of Period 93 76 89
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 595 572 495
Cash paid (received) for: Income taxes 18 (26) 4
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable [1] 311 307 295
Premium on equity units [1] 150 0 0
DTE Electric      
Operating Activities      
Net Income 716 664 601
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 946 836 753
Nuclear fuel amortization 60 45 53
Allowance for equity funds used during construction (22) (19) (18)
Deferred income taxes 97 189 345
Asset (gains) losses and impairments, net 13 0 0
Changes in assets and liabilities:      
Accounts receivable, net 20 33 (80)
Inventories (17) 15 31
Prepaid postretirement benefit costs — affiliates (77) (76) 1
Accounts payable (57) 54 (2)
Accrued pension liability — affiliates (1) (93) (197)
Accrued postretirement liability — affiliates 89 (33) 42
Regulatory assets and liabilities 139 4 202
Other current and noncurrent assets and liabilities (197) 101 (147)
Net cash from operating activities 1,709 1,720 1,584
Investing Activities      
Plant and equipment expenditures (2,200) (1,989) (1,574)
Proceeds from sale of nuclear decommissioning trust fund assets 788 1,203 1,240
Investment in nuclear decommissioning trust funds (794) (1,188) (1,226)
Other (21) (15) 18
Net cash used for investing activities (2,227) (1,989) (1,542)
Financing Activities      
Issuance of long-term debt, net of issuance costs 643 519 435
Redemption of long-term debt 0 0 (300)
Capital contribution by parent company 180 325 100
Short-term borrowings, net — affiliate (4) (15) (1)
Short-term borrowings, net — other 205 (89) 176
Dividends on common stock (494) (461) (432)
Other (18) (7) (18)
Net cash from (used for) financing activities 512 272 (40)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (6) 3 2
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 18 15 13
Cash, Cash Equivalents, and Restricted Cash at End of Period 12 18 15
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 295 283 252
Cash paid (received) for: Income taxes 46 0 (16)
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable $ 192 $ 181 $ 191
[1]
See Note 15 to the Consolidated Financial Statements, "Long-Term Debt" for additional non-cash financing activity related to the remarketing of RSNs.