DTE Energy 2008 Annual Report Download - page 10

Download and view the complete annual report

Please find page 10 of the 2008 DTE Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 33

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33

MICHIGAN CONSOLIDATED GAS COMPANY
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDER’S EQUITY
AND COMPREHENSIVE INCOME
The following table displays comprehensive income:
See Notes to Consolidated Financial Statements
8
Accumulated
Other
(Dollars in Millions, Common Stock Retained Comprehensive
Shares in Thousands) Shares Amount Earnings Loss Total
Balance, December 31, 2005 10,300 $442 $313 $ (1) $ 754
Net income — — 52 — 52
Dividends declared on common stock
—
—
(50)
—
(50)
Balance, December 31, 2006 10,300 442 315 (1) 756
Net income
—
—
71
—
71
Capital contribution
—
5
—
—
5
Dividends declared on common stock
—
—
(50)
—
(50)
Balance, December 31, 2007 10,300 $ 447 $ 336 $ (1) $ 782
Net income
—
—
80
—
80
Implementation of SFAS No. 158 measurement date date
provision, net of tax
—
—
(2)
—
(2)
Benefit obligations, net of tax — — — (1) (1)
Capital contributions
—
62
—
—
62
Dividends declared on common stock
—
—
(37)
—
(37)
Balance, December 31, 2008
10,300 $509 $377
$(2)$884
(in Millions) 2008 2007 2006
Net income $80 $ 71 $52
Other comprehensive loss:
Benefit obligations, net of tax of $(1), $
—
and $— (1) —
—
Comprehensive income $79
$71 $52