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Consolidated Statements of Cash Flows - DTE Electric Company - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net Income $ 1,404 $ 1,397 $ 1,083
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 1,732 1,606 1,468
Nuclear fuel amortization 55 59 42
Allowance for equity funds used during construction (86) (42) (29)
Deferred income taxes 194 181 44
Asset (gains) losses and impairments, net 28 16 (5)
Changes in assets and liabilities:      
Accounts receivable, net (40) 398 (352)
Inventories (191) (110) (98)
Accounts payable 45 (306) 109
Regulatory assets and liabilities 586 594 (766)
Other current and noncurrent assets and liabilities 179 (176) 323
Net cash from operating activities 3,643 3,220 1,977
Investing Activities      
Proceeds from Sale and Maturity of Other Investments 555 681 879
Investment in nuclear decommissioning trust funds (559) (678) (878)
Net cash used for investing activities (4,951) (4,095) (3,431)
Financing Activities      
Issuance of long-term debt, net of discount and issuance costs 4,533 3,167 2,171
Redemption of long-term debt (2,139) (1,616) (1,587)
Short-term borrowings, net — affiliates (216) 121 404
Dividends paid on common stock (810) (752) (685)
Other (23) (37) (86)
Net cash from financing activities 1,345 883 1,462
Net Increase in Cash, Cash Equivalents, and Restricted Cash 37 8 8
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 51 43 35
Cash, Cash Equivalents, and Restricted Cash at End of Period 88 51 43
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 869 751 638
Cash paid (received) for: Income taxes [1] (230) (5) (3)
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable 454 490 435
DTE Electric      
Operating Activities      
Net Income 1,072 772 955
Adjustments to reconcile Net Income to Net cash from operating activities:      
Depreciation and amortization 1,432 1,326 1,204
Nuclear fuel amortization 55 59 42
Allowance for equity funds used during construction (84) (40) (26)
Deferred income taxes 196 82 25
Asset (gains) losses and impairments, net 12 26 8
Changes in assets and liabilities:      
Accounts receivable, net 33 (14) (40)
Inventories (130) (99) (26)
Prepaid postretirement benefit costs — affiliates (50) (33) 57
Accounts payable 25 (9) 23
Accrued pension liability — affiliates (86) (53) (18)
Accrued postretirement liability — affiliates (65) 15 (65)
Regulatory assets and liabilities 499 461 (653)
Other current and noncurrent assets and liabilities (93) (218) 204
Net cash from operating activities 2,816 2,275 1,690
Investing Activities      
Plant and equipment expenditures (3,636) (3,089) (2,626)
Proceeds from Sale and Maturity of Other Investments 555 681 879
Investment in nuclear decommissioning trust funds (559) (678) (878)
Notes receivable and other (102) (47) (40)
Net cash used for investing activities (3,742) (3,133) (2,665)
Financing Activities      
Issuance of long-term debt, net of discount and issuance costs 993 1,881 1,118
Redemption of long-term debt (164) (541) (337)
Capital contribution by parent company 634 759 600
Dividends paid on common stock (776) (1,002) (763)
Other (15) (21) (17)
Net cash from financing activities 953 866 990
Net Increase in Cash, Cash Equivalents, and Restricted Cash 27 8 15
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 32 24 9
Cash, Cash Equivalents, and Restricted Cash at End of Period 59 32 24
Supplemental disclosure of cash information      
Cash paid (received) for: Interest, net of interest capitalized 467 409 350
Cash paid (received) for: Income taxes [2] (231) 15 (33)
Supplemental disclosure of non-cash investing and financing activities      
Plant and equipment expenditures in accounts payable 369 403 335
DTE Electric | Affiliates      
Financing Activities      
Short-term borrowings, net — affiliates 0 (27) (26)
DTE Electric | Customer/ Other      
Financing Activities      
Short-term borrowings, net — affiliates $ 281 $ (183) $ 415
[1] 2024 cash received primarily relates to the sale of PTCs and ITCs. See Note 9 to the Consolidated Financial Statements, "Income Taxes," for additional information.
[2] 2024 cash received primarily relates to the sale of PTCs and ITCs. See Note 9 to the Consolidated Financial Statements, "Income Taxes," for additional information.