DTE Energy 2014 Annual Report Download - page 111
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Please find page 111 of the 2014 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.-
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Quarterly earnings per share may not equal full year totals, since quarterly computations are based on weighted average common shares outstanding
during each quarter.
Operating Revenues
Operating Income
Net Income Attributable to DTE Energy Company
Basic Earnings per Share
Diluted Earnings per Share
Operating Revenues $ 2,516
$ 2,225
$ 2,387
$ 2,533
$ 9,661
Operating Income $ 410
$ 223
$ 329
$ 241
$ 1,203
Net Income Attributable to DTE Energy Company $ 234
$ 105
$ 198
$ 124
$ 661
Basic Earnings per Share $ 1.35
$ 0.60
$ 1.13
$ 0.70
$ 3.76
Diluted Earnings per Share $ 1.34
$ 0.60
$ 1.13
$ 0.70
$ 3.76
In October 2014, DTE Electric executed an agreement to purchase a 732 MW simple-cycle natural gas facility in Carson City, Michigan from The LS
Power Group for a total purchase price of approximately $240 million paid in cash. This facility will serve to meet the needs of approximately 260,000
additional households during peak demand. DTE Electric closed on the acquisition on January 21, 2015.
Effective upon closing, DTE Electric obtained control over and applied acquisition accounting to the acquired business. Due to the limited time since
the acquisition date, the initial accounting for the business combination is incomplete. As a result, DTE Electric is unable to provide amounts recognized as
of the acquisition date for major classes of assets and liabilities acquired. DTE Electric will include required information in the Quarterly Report on Form 10-
Q for the period ending March 31, 2015.
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