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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenues        
Utility operations $ 1,844 $ 1,656 $ 5,119 $ 4,937
Non-utility operations 1,440 1,463 3,770 4,584
Operating Revenues 3,284 3,119 8,889 9,521
Operating Expenses        
Fuel, purchased power, and gas — utility 455 400 1,296 1,342
Fuel, purchased power, and gas — non-utility 1,180 1,257 2,937 3,900
Operation and maintenance 588 588 1,731 1,739
Depreciation and amortization 356 322 1,059 923
Taxes other than income 103 101 306 311
Asset (gains) losses and impairments, net (6) 1 39 14
Operating Expenses 2,676 2,669 7,368 8,229
Operating Income 608 450 1,521 1,292
Other (Income) and Deductions        
Interest expense 178 162 532 468
Interest income (15) (4) (31) (11)
Non-operating retirement benefits, net 5 9 20 28
Other income (120) (98) (286) (259)
Other expenses 20 17 72 40
Other (Income) and Deductions 68 86 307 266
Income Before Income Taxes 540 364 1,214 1,026
Income Tax Expense 63 47 118 122
Net Income 477 317 1,096 904
Less: Net Income (Loss) Attributable to Noncontrolling Interests 1 (2) 3 2
Net Income Attributable to DTE Energy Company/DTE Electric Company $ 476 $ 319 $ 1,093 $ 902
Basic Earnings per Common Share        
Net Income Attributable to DTE Energy Company (in dollars per share) $ 2.47 $ 1.74 $ 5.67 $ 4.93
Diluted Earnings per Common Share        
Net Income Attributable to DTE Energy Company (in dollars per share) $ 2.46 $ 1.73 $ 5.66 $ 4.91
Weighted Average Common Shares Outstanding        
Basic (in shares) 193 183 192 183
Diluted (in shares) 193 184 193 184
DTE Electric        
Operating Revenues        
Utility operations $ 1,690 $ 1,519 $ 4,211 $ 3,944
Operating Expenses        
Fuel, purchased power, and gas — utility 451 399 1,090 1,067
Operation and maintenance 361 356 1,074 1,048
Depreciation and amortization 258 244 768 694
Taxes other than income 79 80 220 233
Asset (gains) losses and impairments, net 0 0 41 13
Operating Expenses 1,149 1,079 3,193 3,055
Operating Income 541 440 1,018 889
Other (Income) and Deductions        
Interest expense 83 80 249 234
Interest income 0 0 (2) (1)
Other income (18) (20) (68) (78)
Other expenses 18 14 66 34
Other (Income) and Deductions 83 74 245 189
Income Before Income Taxes 458 366 773 700
Income Tax Expense 58 59 96 113
Net Income Attributable to DTE Energy Company/DTE Electric Company $ 400 $ 307 $ 677 $ 587