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

DTE Energy Company 2020 SeriesDTB

FY 2020 Earnings

Reported February 19, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$11.5B	—	$12.2B	—	-5.3%
Op. Income	$1.7B	—	$1.4B	—	17.1%
Gross Margin	18.0%	—	24.8%	—	-6.9pp
Net Margin	11.9%	—	9.6%	—	2.2pp
EPS (Diluted)	$7.08	—	$6.31	—	12.2%
Free Cash Flow	-$136M	—	-$338M	—	59.8%

Revenue Flow

Item	Amount
REVENUE	$11.5B
Cost of Revenue	$9.5B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$50M
Other Expenses	$345M
Operating Expenses	$395M
Cost & Expenses	$9.9B
OPERATING INCOME	$1.7B
Interest Income	$29M
Interest Expense	$637M
Other Income/Expenses	-$593M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$37M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$314M
Other Adjustments	-$2M
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.3B
EBIT	$1.7B
EBITDA	$3.0B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$11.5B
Cost of Revenue	$9.5B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$50M
Other Expenses	$345M
Operating Expenses	$395M
Cost & Expenses	$9.9B
OPERATING INCOME	$1.7B
Interest Income	$29M
Interest Expense	$637M
Other Income/Expenses	-$593M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$37M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$314M
Other Adjustments	-$2M
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.3B
EBIT	$1.7B
EBITDA	$3.0B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$63M
Deferred Income Tax	$407M
Other Non-Cash Items	$153M
Change in Working Capital	$401M
OPERATING CASH FLOW	$3.7B
Capital Expenditure	-$3.9B
Acquisitions (Net)	-$77M
Purchases of Investments	-$2.4B
Sales/Maturities of Investments	$2.4B
Other Investing Activities	-$87M
NET CASH FROM INVESTING	-$4.1B
Net Debt Issuance	$2.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$760M
Other Financing Activities	-$502M
NET CASH FROM FINANCING	$760M
FREE CASH FLOW	-$136M
Net Change in Cash	$381M

Balance Sheet

Item	Amount
Cash & Equivalents	$474M
Short-Term Investments	$0
Net Receivables	$1.7B
Inventory	$708M
Other Current Assets	$649M
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$24.6B
Goodwill	$2.0B
Intangible Assets	$199M
Long-Term Investments	$2.5B
Tax Assets	$2.8B
Other Non-Current Assets	$9.8B
TOTAL NON-CURRENT ASSETS	$42.0B
TOTAL ASSETS	$45.5B
Account Payables	$1.0B
Short-Term Debt	$500M
Deferred Revenue	$210M
Other Current Liabilities	$800M
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$19.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.1B
Other Non-Current Liabilities	$9.1B
TOTAL NON-CURRENT LIABILITIES	$30.2B
TOTAL LIABILITIES	$32.9B
Common Stock	$5.4B
Additional Paid-In Capital	$0
Retained Earnings	$7.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$137M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.4B
Minority Interest	$164M
TOTAL EQUITY	$12.6B
TOTAL LIABILITIES & EQUITY	$45.5B
Total Debt	$19.6B
Net Debt	$19.1B