DTG FY 2014 Earnings Report — DTE Energy Company 2021 Series Revenue & Financial Results | Market Cap Arena

DTE Energy Company 2021 SeriesDTG

FY 2014 Earnings

Reported February 13, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$12.3B	—	$9.7B	—	27.3%
Op. Income	$1.6B	—	$1.2B	—	32.2%
Gross Margin	25.0%	—	27.2%	—	-2.2pp
Net Margin	7.3%	—	6.8%	—	0.5pp
EPS (Diluted)	$5.11	—	$3.77	—	35.5%
Free Cash Flow	-$204M	—	$278M	—	-173.4%

Revenue Flow

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$9.2B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$10.6B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$419M
Other Income/Expenses	-$315M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$364M
Net Income from Continuing Ops	$911M
Net Income from Discontinued Ops	$0
Other Adjustments	-$7M
NET INCOME	$904M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$904M
D&A	$666M
EBIT	$1.7B
EBITDA	$2.2B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$9.2B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$10.6B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$419M
Other Income/Expenses	-$315M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$364M
Net Income from Continuing Ops	$911M
Net Income from Discontinued Ops	$0
Other Adjustments	-$7M
NET INCOME	$904M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$904M
D&A	$666M
EBIT	$1.7B
EBITDA	$2.2B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$905M
Depreciation & Amortization	$666M
Stock-Based Compensation	$103M
Deferred Income Tax	$356M
Other Non-Cash Items	$896M
Change in Working Capital	-$725M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$2.0B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$11M
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$499M
Common Stock Repurchased	-$52M
Common Dividends Paid	-$470M
Other Financing Activities	$234M
NET CASH FROM FINANCING	$211M
FREE CASH FLOW	-$204M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$48M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$804M
Other Current Assets	$656M
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$16.8B
Goodwill	$2.0B
Intangible Assets	$102M
Long-Term Investments	$628M
Tax Assets	$3.8B
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$24.9B
TOTAL ASSETS	$27.9B
Account Payables	$973M
Short-Term Debt	$664M
Deferred Revenue	$0
Other Current Liabilities	$846M
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$8.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8.6B
TOTAL NON-CURRENT LIABILITIES	$17.0B
TOTAL LIABILITIES	$19.6B
Common Stock	$3.9B
Additional Paid-In Capital	$0
Retained Earnings	$4.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$155M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.3B
Minority Interest	$15M
TOTAL EQUITY	$8.3B
TOTAL LIABILITIES & EQUITY	$27.9B
Total Debt	$9.0B
Net Debt	$9.0B