DTE Energy 2014 Annual Report Download - page 36
Download and view the complete annual report
Please find page 36 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.-
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 -
34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
 |
 |
Cash Flow From (Used For)
Operating activities:
Net Income
$ 668
$ 618
Depreciation, depletion and amortization
1,094
1,018
Nuclear fuel amortization
38
29
Allowance for equity funds used during construction
(15)
(13)
Deferred income taxes
164
47
Loss on sale of non-utility business
—
83
Asset (gains) losses and impairments, net
(8)
1
Working capital and other
213
426
Net cash from operating activities
2,154
2,209
Investing activities:
Plant and equipment expenditures — utility
(1,534)
(1,451)
Plant and equipment expenditures — non-utility
(342)
(369)
Proceeds from sale of non-utility business
—
255
Proceeds from sale of assets
36
38
Acquisition, net of cash acquired
—
(198)
Other
(66)
(44)
Net cash used for investing activities
(1,906)
(1,769)
Financing activities:
Issuance of long-term debt, net of issuance costs
1,234
759
Redemption of long-term debt
(961)
(639)
Short-term borrowings, net
(109)
(179)
Issuance of common stock
39
39
Repurchase of common stock
—
—
Dividends on common stock
(445)
(407)
Other
(19)
(16)
Net cash from (used for) financing activities
(261)
(443)
Net Increase (Decrease) in Cash and Cash Equivalents
$ (13)
$ (3)
A majority of our operating cash flow is provided by our electric and natural gas utilities, which are significantly influenced by factors such as weather,
electric Customer Choice, regulatory deferrals, regulatory outcomes, economic conditions, changes in working capital, and operating costs.
Cash from operations decreased $315 million in 2014. The reduction in operating cash flow reflects an increase in cash expenditures for working
capital items, partially offset by higher net income after adjusting for non-cash and non-operating items (primarily depreciation, depletion and amortization
and deferred income taxes).
Cash from operations decreased $55 million in 2013. The reduction in operating cash flow reflects lower cash generated from working capital items,
partially offset by higher net income after adjusting for non-cash and non-operating items (primarily depreciation, depletion and amortization and deferred
income taxes).
The change in working capital items in 2014 primarily related to fuel inventories, derivative assets and liabilities, and regulatory assets and liabilities,
partially offset by the change in accounts receivable, net, accounts payable, and pension and other postretirement liabilities. The change in working capital
items in 2013 primarily related to fuel inventories, derivative assets and liabilities and pension and other postretirement liabilities, partially offset by the
change in accounts receivable, net.
34