DTG FY 2019 Earnings Report — DTE Energy Company 2021 Series Revenue & Financial Results | Market Cap Arena

DTE Energy Company 2021 SeriesDTG

FY 2019 Earnings

Reported February 5, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$12.2B	—	$14.2B	—	-14.3%
Op. Income	$1.4B	—	$1.7B	—	-16.0%
Gross Margin	24.8%	—	14.8%	—	10.0pp
Net Margin	9.6%	—	7.9%	—	1.7pp
EPS (Diluted)	$6.31	—	$6.18	—	2.1%
Free Cash Flow	-$338M	—	-$24M	—	-1308.3%

Revenue Flow

Item	Amount
REVENUE	$12.2B
Cost of Revenue	$9.1B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.6B
Operating Expenses	$1.6B
Cost & Expenses	$10.7B
OPERATING INCOME	$1.4B
Interest Income	$17M
Interest Expense	$680M
Other Income/Expenses	-$417M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$71M
Net Income from Continuing Ops	$942M
Net Income from Discontinued Ops	$214M
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$953M
D&A	$880M
EBIT	$1.4B
EBITDA	$2.3B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$12.2B
Cost of Revenue	$9.1B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.6B
Operating Expenses	$1.6B
Cost & Expenses	$10.7B
OPERATING INCOME	$1.4B
Interest Income	$17M
Interest Expense	$680M
Other Income/Expenses	-$417M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$71M
Net Income from Continuing Ops	$942M
Net Income from Discontinued Ops	$214M
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$953M
D&A	$880M
EBIT	$1.4B
EBITDA	$2.3B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$0
Deferred Income Tax	$329M
Other Non-Cash Items	$54M
Change in Working Capital	-$214M
OPERATING CASH FLOW	$2.7B
Capital Expenditure	-$3.0B
Acquisitions (Net)	-$2.7B
Purchases of Investments	-$943M
Sales/Maturities of Investments	$788M
Other Investing Activities	-$120M
NET CASH FROM INVESTING	-$6.0B
Net Debt Issuance	$1.9B
Common Stock Repurchased	$0
Common Dividends Paid	-$692M
Other Financing Activities	-$138M
NET CASH FROM FINANCING	$3.4B
FREE CASH FLOW	-$338M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$93M
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$759M
Other Current Assets	$347M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$25.5B
Goodwill	$2.5B
Intangible Assets	$2.4B
Long-Term Investments	$4.0B
Tax Assets	$0
Other Non-Current Assets	$4.8B
TOTAL NON-CURRENT ASSETS	$39.2B
TOTAL ASSETS	$42.3B
Account Payables	$1.1B
Short-Term Debt	$1.5B
Deferred Revenue	$379M
Other Current Liabilities	$994M
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$15.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.5B
Other Non-Current Liabilities	$7.9B
TOTAL NON-CURRENT LIABILITIES	$26.4B
TOTAL LIABILITIES	$30.4B
Common Stock	$5.2B
Additional Paid-In Capital	$0
Retained Earnings	$6.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$148M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.7B
Minority Interest	$164M
TOTAL EQUITY	$11.8B
TOTAL LIABILITIES & EQUITY	$42.3B
Total Debt	$17.6B
Net Debt	$17.5B