DTB FY 2017 Earnings Report — DTE Energy Company 2020 Series Revenue & Financial Results | Market Cap Arena

DTE Energy Company 2020 SeriesDTB

FY 2017 Earnings

Reported February 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$12.6B	—	$10.7B	—	17.1%
Op. Income	$1.6B	—	$1.6B	—	4.0%
Gross Margin	16.0%	—	18.0%	—	-2.0pp
Net Margin	9.0%	—	8.1%	—	0.9pp
EPS (Diluted)	$6.32	—	$4.84	—	30.6%
Free Cash Flow	-$123M	—	$50M	—	-346.0%

Revenue Flow

Item	Amount
REVENUE	$12.6B
Cost of Revenue	$10.6B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$65M
Other Expenses	-$391M
Operating Expenses	$391M
Cost & Expenses	$11.0B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$524M
Other Income/Expenses	-$424M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$175M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.1B
EBIT	$1.8B
EBITDA	$2.9B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$12.6B
Cost of Revenue	$10.6B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$65M
Other Expenses	-$391M
Operating Expenses	$391M
Cost & Expenses	$11.0B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$524M
Other Income/Expenses	-$424M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$175M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.1B
EBIT	$1.8B
EBITDA	$2.9B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$58M
Deferred Income Tax	$196M
Other Non-Cash Items	$2.3B
Change in Working Capital	-$261M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$2.3B
Acquisitions (Net)	$50M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$37M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	$1.1B
Common Stock Repurchased	-$51M
Common Dividends Paid	-$592M
Other Financing Activities	-$121M
NET CASH FROM FINANCING	$371M
FREE CASH FLOW	-$123M
Net Change in Cash	-$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$89M
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$779M
Other Current Assets	$478M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$20.7B
Goodwill	$2.3B
Intangible Assets	$867M
Long-Term Investments	$2.9B
Tax Assets	$1.9B
Other Non-Current Assets	$2.0B
TOTAL NON-CURRENT ASSETS	$30.7B
TOTAL ASSETS	$33.8B
Account Payables	$1.2B
Short-Term Debt	$725M
Deferred Revenue	$158M
Other Current Liabilities	$642M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$12.2B
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	$8.8B
TOTAL NON-CURRENT LIABILITIES	$21.0B
TOTAL LIABILITIES	$23.8B
Common Stock	$4.0B
Additional Paid-In Capital	$0
Retained Earnings	$5.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$120M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.5B
Minority Interest	$478M
TOTAL EQUITY	$10.0B
TOTAL LIABILITIES & EQUITY	$33.8B
Total Debt	$12.9B
Net Debt	$12.8B