For the year ending 2025-12-31, DTB had $162M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 1,462 | 1,404 | 1,397 | 1,083 |
| Depreciation and amortization | 1,841 | 1,732 | 1,606 | 1,468 |
| Nuclear fuel amortization | 67 | 55 | 59 | 42 |
| Allowance for equity funds used during construction | 105 | 86 | 42 | 29 |
| Deferred income taxes | 358 | 194 | 181 | 44 |
| Equity (earnings) losses of equity method investees | 47 | 15 | 3 | -14 |
| Dividends from equity method investees | 3 | 3 | 3 | 4 |
| Loss on extinguishment of debt | - | - | 0 | 0 |
| Asset (gains) losses and impairments, net | -49 | -28 | -16 | 5 |
| Accounts receivable, net | 316 | 40 | -398 | 352 |
| Inventories | 127 | 191 | 110 | 98 |
| Prepaid postretirement benefit costs | 56 | 72 | 62 | -107 |
| Accounts payable | 255 | 45 | -306 | 109 |
| Accrued pension liability | 21 | -136 | -28 | 39 |
| Accrued postretirement liability | 14 | -68 | 14 | -71 |
| Derivative assets and liabilities | -6 | -25 | 321 | -65 |
| Regulatory assets and liabilities | -24 | -586 | -594 | 766 |
| Other current and noncurrent assets and liabilities | 40 | -179 | 176 | -323 |
| Net cash from operating activities | 3,409 | 3,643 | 3,220 | 1,977 |
| Plant and equipment expenditures utility | 4,343 | 4,399 | 3,872 | 3,311 |
| Plant and equipment expenditures non-utility | 86 | 68 | 62 | 67 |
| Acquisition related to business combination, net of cash acquired | 210 | - | - | 0 |
| Proceeds from sale of assets | 32 | 46 | 3 | 24 |
| Proceeds from sale of nuclear decommissioning trust fund assets | 717 | 555 | 681 | 879 |
| Investment in nuclear decommissioning trust funds | 719 | 559 | 678 | 878 |
| Distributions from equity method investees | 18 | 30 | 25 | 16 |
| Contributions to equity method investees | 1 | 27 | 27 | 13 |
| Investment in notes receivable | 600 | 449 | 86 | 30 |
| Principal collections on notes receivable | 22 | - | - | - |
| Investment in time deposits | 0 | 1,050 | - | - |
| Redemption of time deposits | 0 | 1,050 | - | - |
| Other | 134 | 80 | 79 | 51 |
| Net cash used for investing activities | -5,304 | -4,951 | -4,095 | -3,431 |
| Issuance of long-term debt, net of discount and issuance costs | 4,429 | 4,533 | 3,167 | 2,171 |
| Redemption of long-term debt | 1,291 | 2,139 | 1,616 | 1,587 |
| Short-term borrowings, net | -185 | -216 | 121 | 404 |
| Issuance of common stock | - | 0 | 0 | 1,300 |
| Repurchase of common stock | - | 0 | 0 | 55 |
| Dividends paid on common stock | 871 | 810 | 752 | 685 |
| Contributions from noncontrolling interests | - | - | 2 | 3 |
| Distributions to noncontrolling interests | - | - | 1 | 7 |
| Acquisition related deferred payment, excluding accretion | - | - | - | 0 |
| Prepayment costs for extinguishment of long-term debt | - | - | 0 | 0 |
| Transfer of cash to dt midstream at separation | - | - | 0 | 0 |
| Other | -25 | -23 | -38 | -82 |
| Net cash from financing activities | 2,057 | 1,345 | 883 | 1,462 |
| Net increase in cash, cash equivalents, and restricted cash | 162 | 37 | 8 | 8 |
| Cash and cash equivalents at beginning of period | 88 | 51 | 43 | 35 |
| Cash and cash equivalents at end of period | 250 | 88 | 51 | 43 |
DTE ENERGY CO (DTB)
DTE ENERGY CO (DTB)