DTE Energy 2014 Annual Report Download - page 48

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
The following consolidated financial statements and financial statement schedule are included herein.

Controls and Procedures 47
Report of Independent Registered Public Accounting Firm 48
Consolidated Statements of Operations 49
Consolidated Statements of Comprehensive Income 50
Consolidated Statements of Financial Position 51
Consolidated Statements of Cash Flows 53
Consolidated Statements of Changes in Equity 54
Notes to Consolidated Financial Statements 55
Note 1. Organization and Basis of Presentation 55
Note 2. Significant Accounting Policies 57
Note 3. New Accounting Pronouncements 61
Note 4. Discontinued Operations 62
Note 5. Property, Plant and Equipment 63
Note 6. Jointly Owned Utility Plant 64
Note 7. Asset Retirement Obligations 64
Note 8. Regulatory Matters 65
Note 9. Income Taxes 70
Note 10. Earnings Per Share 72
Note 11. Fair Value 73
Note 12. Financial and Other Derivative Instruments 78
Note 13. Long-Term Debt 83
Note 14. Preferred and Preference Securities 85
Note 15. Short-Term Credit Arrangements and Borrowings 85
Note 16. Capital and Operating Leases 86
Note 17. Commitments and Contingencies 87
Note 18. Retirement Benefits and Trusteed Assets 92
Note 19. Stock-Based Compensation 103
Note 20. Segment and Related Information 105
Note 21. Supplementary Quarterly Financial Information (Unaudited) 108
Note 22. Subsequent Event 108

Schedule II — Valuation and Qualifying Accounts 118
46