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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues        
Utility operations $ 1,875 $ 1,844 $ 5,483 $ 5,119
Non-utility operations 1,840 1,236 4,834 3,224
Operating Revenues 3,715 3,080 10,317 8,343
Operating Expenses        
Fuel, purchased power, and gas — utility 477 455 1,411 1,296
Fuel, purchased power, gas, and other — non-utility 1,766 1,174 4,708 2,923
Operation and maintenance 615 556 1,750 1,651
Depreciation and amortization 344 318 1,010 949
Taxes other than income 106 100 329 294
Asset (gains) losses and impairments, net 2 (2) 29 43
Operating Expenses 3,310 2,601 9,237 7,156
Operating Income 405 479 1,080 1,187
Other (Income) and Deductions        
Interest expense 156 149 477 450
Interest income (6) (11) (16) (25)
Non-operating retirement benefits, net 3 5 10 20
Loss on extinguishment of debt 376 0 384 0
Other income (90) (75) (187) (188)
Other expenses 30 20 50 72
Other (Income) and Deductions 469 88 718 329
Income (Loss) Before Income Taxes (64) 391 362 858
Income Tax Expense (Benefit) (Note 2) (119) 21 (124) 19
Net Income from Continuing Operations 55 370 486 839
Income (Loss) from Discontinued Operations, Net of Taxes (Note 4) (33) 107 112 257
Net Income 22 477 598 1,096
Less: Net Income (Loss) Attributable to Noncontrolling Interests        
Continuing operations (3) (2) (9) (5)
Discontinued operations 0 3 6 8
Net Income Attributable to DTE Energy Company/DTE Electric Company $ 25 $ 476 $ 601 $ 1,093
Basic Earnings per Common Share        
Continuing operations (in dollars per share) $ 0.30 $ 1.93 $ 2.55 $ 4.37
Discontinued operations (in dollars per share) (0.17) 0.54 0.55 1.30
Basic Earnings per Common Share (in dollars per share) 0.13 2.47 3.10 5.67
Diluted Earnings per Common Share        
Continuing operations (in dollars per share) 0.30 1.92 2.55 4.37
Discontinued operations (in dollars per share) (0.17) 0.54 0.55 1.29
Diluted Earnings per Common Share (in dollars per share) $ 0.13 $ 2.46 $ 3.10 $ 5.66
Weighted Average Common Shares Outstanding        
Basic (in shares) 193 193 193 192
Diluted (in shares) 194 193 194 193
DTE Electric        
Operating Revenues        
Utility operations $ 1,700 $ 1,690 $ 4,468 $ 4,211
Operating Expenses        
Fuel, purchased power, and gas — utility 462 451 1,185 1,090
Operation and maintenance 410 361 1,122 1,074
Depreciation and amortization 278 258 810 768
Taxes other than income 83 79 245 220
Asset (gains) losses and impairments, net 0 0 0 41
Operating Expenses 1,233 1,149 3,362 3,193
Operating Income 467 541 1,106 1,018
Other (Income) and Deductions        
Interest expense 84 83 251 249
Interest income 0 0 0 (2)
Non-operating retirement benefits, net 0 0 (1) 0
Other income (14) (18) (52) (68)
Other expenses 8 18 26 66
Other (Income) and Deductions 78 83 224 245
Income (Loss) Before Income Taxes 389 458 882 773
Income Tax Expense (Benefit) (Note 2) 45 58 92 96
Less: Net Income (Loss) Attributable to Noncontrolling Interests        
Net Income Attributable to DTE Energy Company/DTE Electric Company $ 344 $ 400 $ 790 $ 677