XML 22 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues        
Utility operations $ 2,053 $ 1,875 $ 6,196 $ 5,483
Non-utility operations 3,198 1,840 8,556 4,834
Operating Revenues 5,251 3,715 14,752 10,317
Operating Expenses        
Fuel, purchased power, and gas — utility 594 477 1,901 1,411
Fuel, purchased power, gas, and other — non-utility 3,023 1,766 8,324 4,708
Operation and maintenance 608 615 1,803 1,750
Depreciation and amortization 369 344 1,093 1,010
Taxes other than income 111 106 349 329
Asset (gains) losses and impairments, net 1 2 (4) 29
Operating Expenses 4,706 3,310 13,466 9,237
Operating Income 545 405 1,286 1,080
Other (Income) and Deductions        
Interest expense 171 156 486 477
Interest income (10) (6) (26) (16)
Non-operating retirement benefits, net (5) 3 (13) 10
Loss on extinguishment of debt 0 376 0 384
Other income (16) (90) (35) (187)
Other expenses 12 30 56 50
Other (Income) and Deductions 152 469 468 718
Income (Loss) Before Income Taxes 393 (64) 818 362
Income Tax Expense (Benefit) (Note 2) 6 (119) 0 (124)
Net Income from Continuing Operations 387 55 818 486
Income (Loss) from Discontinued Operations, Net of Taxes (Note 4) 0 (33) 0 112
Net Income 387 22 818 598
Less: Net Income (Loss) Attributable to Noncontrolling Interests        
Continuing operations 0 (3) 0 (9)
Discontinued operations 0 0 0 6
Net Income Attributable to DTE Energy Company/DTE Electric Company $ 387 $ 25 $ 818 $ 601
Basic Earnings per Common Share        
Continuing operations (in dollars per share) $ 2.00 $ 0.30 $ 4.22 $ 2.55
Discontinued operations (in dollars per share) 0 (0.17) 0 0.55
Basic Earnings per Common Share (in dollars per share) 2.00 0.13 4.22 3.10
Diluted Earnings per Common Share        
Continuing operations (in dollars per share) 1.99 0.30 4.21 2.55
Discontinued operations (in dollars per share) 0 (0.17) 0 0.55
Diluted Earnings per Common Share (in dollars per share) $ 1.99 $ 0.13 $ 4.21 $ 3.10
Weighted Average Common Shares Outstanding        
Basic (in shares) 193 193 193 193
Diluted (in shares) 194 194 194 194