DTG FY 2016 Earnings Report — DTE Energy Company 2021 Series Revenue & Financial Results | Market Cap Arena

DTE Energy Company 2021 SeriesDTG

FY 2016 Earnings

Reported February 9, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$10.7B	—	$10.3B	—	4.0%
Op. Income	$1.6B	—	$1.4B	—	12.5%
Gross Margin	18.0%	—	17.0%	—	1.0pp
Net Margin	8.1%	—	7.0%	—	1.0pp
EPS (Diluted)	$4.84	—	$4.05	—	19.5%
Free Cash Flow	$50M	—	-$85M	—	158.8%

Revenue Flow

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$8.8B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$41M
Other Expenses	-$370M
Operating Expenses	$370M
Cost & Expenses	$9.2B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$452M
Other Income/Expenses	-$456M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$271M
Net Income from Continuing Ops	$834M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$866M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$866M
D&A	$1.0B
EBIT	$1.6B
EBITDA	$2.6B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$10.7B
Cost of Revenue	$8.8B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$41M
Other Expenses	-$370M
Operating Expenses	$370M
Cost & Expenses	$9.2B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$452M
Other Income/Expenses	-$456M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$271M
Net Income from Continuing Ops	$834M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$866M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$866M
D&A	$1.0B
EBIT	$1.6B
EBITDA	$2.6B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$866M
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$61M
Deferred Income Tax	$265M
Other Non-Cash Items	$2.1B
Change in Working Capital	-$36M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$2.0B
Acquisitions (Net)	-$1.0B
Purchases of Investments	-$1.7B
Sales/Maturities of Investments	$1.5B
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$3.3B
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$33M
Common Dividends Paid	-$531M
Other Financing Activities	$100M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$50M
Net Change in Cash	$76M

Balance Sheet

Item	Amount
Cash & Equivalents	$113M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$772M
Other Current Assets	$376M
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$19.7B
Goodwill	$2.3B
Intangible Assets	$842M
Long-Term Investments	$2.4B
Tax Assets	$4.2B
Other Non-Current Assets	-$121M
TOTAL NON-CURRENT ASSETS	$29.3B
TOTAL ASSETS	$32.0B
Account Payables	$1.1B
Short-Term Debt	$508M
Deferred Revenue	$148M
Other Current Liabilities	$601M
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$11.3B
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$4.3B
Other Non-Current Liabilities	$8.8B
TOTAL NON-CURRENT LIABILITIES	$20.1B
TOTAL LIABILITIES	$22.5B
Common Stock	$4.0B
Additional Paid-In Capital	$0
Retained Earnings	$5.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$133M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.0B
Minority Interest	$488M
TOTAL EQUITY	$9.5B
TOTAL LIABILITIES & EQUITY	$32.0B
Total Debt	$11.8B
Net Debt	$11.7B