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Consolidated Statements of Cash Flows - DTE Electric Company - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net Income $ 1,397 $ 1,083 $ 907
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 1,606 1,468 1,377
Nuclear fuel amortization 59 42 58
Allowance for equity funds used during construction (42) (29) (27)
Deferred income taxes 181 44 (32)
Asset (gains) losses and impairments, net 16 (5) 50
Changes in assets and liabilities:      
Accounts receivable, net 398 (352) (146)
Inventories (110) (98) (153)
Accounts payable (306) 109 308
Regulatory assets and liabilities 594 (766) 862
Other current and noncurrent assets and liabilities (176) 323 (153)
Net cash from operating activities 3,220 1,977 3,067
Investing Activities      
Proceeds from Sale and Maturity of Other Investments 681 879 1,047
Investment in nuclear decommissioning trust funds (678) (878) (1,046)
Net cash used for investing activities (4,095) (3,431) (3,863)
Financing Activities      
Issuance of long-term debt, net of discount and issuance costs 3,167 2,171 4,457
Redemption of long-term debt (1,616) (1,587) (3,522)
Short-term borrowings, net — affiliates 121 404 720
Dividends paid on common stock (752) (685) (791)
Other (38) (82) (84)
Net cash from financing activities 883 1,462 315
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 8 8 (481)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 43 35 516
Cash, Cash Equivalents, and Restricted Cash at End of Period 51 43 35
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 751 638 671
Cash paid (received) for: Income taxes (5) (3) (3)
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable 490 435 353
DTE Electric      
Operating Activities      
Net Income 772 955 866
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 1,326 1,204 1,109
Nuclear fuel amortization 59 42 58
Allowance for equity funds used during construction (40) (26) (25)
Deferred income taxes 82 25 122
Asset (gains) losses and impairments, net 26 8 1
Changes in assets and liabilities:      
Accounts receivable, net (14) (40) 68
Inventories (99) (26) (11)
Prepaid postretirement benefit costs — affiliates (33) 57 (67)
Accounts payable (9) 23 65
Accrued pension liability — affiliates (53) (18) (326)
Accrued postretirement liability — affiliates 15 (65) (44)
Regulatory assets and liabilities 461 (653) 716
Other current and noncurrent assets and liabilities (218) 204 (216)
Net cash from operating activities 2,275 1,690 2,316
Investing Activities      
Plant and equipment expenditures (3,089) (2,626) (3,017)
Proceeds from Sale and Maturity of Other Investments 681 879 1,047
Investment in nuclear decommissioning trust funds (678) (878) (1,046)
Notes receivable and other (47) (40) (31)
Net cash used for investing activities (3,133) (2,665) (3,047)
Financing Activities      
Issuance of long-term debt, net of discount and issuance costs 1,881 1,118 985
Redemption of long-term debt (541) (337) (321)
Capital contribution by parent company 759 600 555
Dividends paid on common stock (1,002) (763) (588)
Other (21) (17) (12)
Net cash from financing activities 866 990 724
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 8 15 (7)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 24 9 16
Cash, Cash Equivalents, and Restricted Cash at End of Period 32 24 9
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 409 350 321
Cash paid (received) for: Income taxes 15 (33) 5
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable 403 335 286
DTE Electric | Affiliates      
Financing Activities      
Short-term borrowings, net — affiliates (27) (26) (48)
DTE Electric | Customer/ Other      
Financing Activities      
Short-term borrowings, net — affiliates $ (183) $ 415 $ 153