DTB FY 2018 Earnings Report — DTE Energy Company 2020 Series Revenue & Financial Results | Market Cap Arena

DTE Energy Company 2020 SeriesDTB

FY 2018 Earnings

Reported February 7, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$14.2B	—	$12.6B	—	12.9%
Op. Income	$1.7B	—	$1.6B	—	4.8%
Gross Margin	14.8%	—	16.0%	—	-1.2pp
Net Margin	7.9%	—	9.0%	—	-1.1pp
EPS (Diluted)	$6.18	—	$6.32	—	-2.2%
Free Cash Flow	-$24M	—	-$123M	—	80.5%

Revenue Flow

Item	Amount
REVENUE	$14.2B
Cost of Revenue	$12.1B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$37M
Other Expenses	-$405M
Operating Expenses	$405M
Cost & Expenses	$12.5B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$547M
Other Income/Expenses	-$486M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$98M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.2B
EBIT	$1.8B
EBITDA	$2.9B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$14.2B
Cost of Revenue	$12.1B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$37M
Other Expenses	-$405M
Operating Expenses	$405M
Cost & Expenses	$12.5B
OPERATING INCOME	$1.7B
Interest Income	$0
Interest Expense	$547M
Other Income/Expenses	-$486M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$98M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.2B
EBIT	$1.8B
EBITDA	$2.9B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$64M
Deferred Income Tax	$114M
Other Non-Cash Items	$2.2B
Change in Working Capital	$336M
OPERATING CASH FLOW	$2.7B
Capital Expenditure	-$2.7B
Acquisitions (Net)	$53M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$3.3B
Net Debt Issuance	$1.3B
Common Stock Repurchased	$0
Common Dividends Paid	-$620M
Other Financing Activities	-$106M
NET CASH FROM FINANCING	$601M
FREE CASH FLOW	-$24M
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$811M
Other Current Assets	$589M
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$21.6B
Goodwill	$2.3B
Intangible Assets	$849M
Long-Term Investments	$3.5B
Tax Assets	$2.0B
Other Non-Current Assets	$2.8B
TOTAL NON-CURRENT ASSETS	$33.0B
TOTAL ASSETS	$36.3B
Account Payables	$1.3B
Short-Term Debt	$2.1B
Deferred Revenue	$172M
Other Current Liabilities	$874M
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$12.1B
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$2.1B
Other Non-Current Liabilities	$9.0B
TOTAL NON-CURRENT LIABILITIES	$21.1B
TOTAL LIABILITIES	$25.6B
Common Stock	$4.2B
Additional Paid-In Capital	$0
Retained Earnings	$6.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$120M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.2B
Minority Interest	$480M
TOTAL EQUITY	$10.7B
TOTAL LIABILITIES & EQUITY	$36.3B
Total Debt	$14.2B
Net Debt	$14.2B