DTB FY 2007 Earnings Report — DTE Energy Company 2020 Series Revenue & Financial Results | Market Cap Arena

DTE Energy Company 2020 SeriesDTB

FY 2007 Earnings

Reported March 7, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$8.5B	—	$9.0B	—	-5.7%
Op. Income	$1.6B	—	$828M	—	97.5%
Gross Margin	24.2%	—	25.2%	—	-0.9pp
Net Margin	11.4%	—	4.8%	—	6.6pp
EPS (Diluted)	$5.71	—	$2.43	—	135.0%
Free Cash Flow	$1.1B	—	$1.5B	—	-22.7%

Revenue Flow

Item	Amount
REVENUE	$8.5B
Cost of Revenue	$6.4B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$426M
Cost & Expenses	$6.9B
OPERATING INCOME	$1.6B
Interest Income	-$25M
Interest Expense	$533M
Other Income/Expenses	-$300M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$364M
Net Income from Continuing Ops	$791M
Net Income from Discontinued Ops	$184M
Other Adjustments	$0
NET INCOME	$971M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$971M
D&A	$932M
EBIT	$1.7B
EBITDA	$2.6B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$8.5B
Cost of Revenue	$6.4B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$426M
Cost & Expenses	$6.9B
OPERATING INCOME	$1.6B
Interest Income	-$25M
Interest Expense	$533M
Other Income/Expenses	-$300M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$364M
Net Income from Continuing Ops	$791M
Net Income from Discontinued Ops	$184M
Other Adjustments	$0
NET INCOME	$971M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$971M
D&A	$932M
EBIT	$1.7B
EBITDA	$2.6B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$971M
Depreciation & Amortization	$926M
Stock-Based Compensation	$0
Deferred Income Tax	$144M
Other Non-Cash Items	-$916M
Change in Working Capital	$0
OPERATING CASH FLOW	$1.1B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$330M
NET CASH FROM INVESTING	$330M
Net Debt Issuance	-$390M
Common Stock Repurchased	-$708M
Common Dividends Paid	-$364M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$1.1B
Net Change in Cash	-$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1.8B
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$1.8B
Account Payables	$1.2B
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$2.7B
Common Stock	$3.2B
Additional Paid-In Capital	$0
Retained Earnings	$2.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$113M
Other Equity	$17.9B
TOTAL STOCKHOLDERS' EQUITY	$23.8B
Minority Interest	$0
TOTAL EQUITY	$23.8B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$1.5B
Net Debt	$1.5B