DTE Energy 2014 Annual Report Download - page 55
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Net Income
$ 668
$ 618
Adjustments to reconcile net income to net cash from operating activities:
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
Changes in assets and liabilities:
Accounts receivable, net
(154)
52
Inventories
123
35
Accounts payable
14
40
Accrued pension obligation
(644)
280
Accrued postretirement obligation
(526)
(323)
Derivative assets and liabilities
107
53
Regulatory assets and liabilities
1,269
278
Other assets
(24)
55
Other liabilities
48
(44)
Net cash from operating activities
2,154
2,209
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)
Proceeds from sale of nuclear decommissioning trust fund assets
1,118
759
Investment in nuclear decommissioning trust funds
(1,134)
(764)
Other
(50)
(39)
Net cash used for investing activities
(1,906)
(1,769)
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)
(13)
(3)
65
68
$ 52
$ 65
Cash paid (received) for:
Interest (net of interest capitalized)
$ 418
$ 438
Income taxes
$ 121
$ 173
Plant and equipment expenditures in accounts payable
$ 329
$ 235