DTE Energy (DTE) FY2016 results: revenue $10.6 billion, up 2.8% on the year
DTE Energy Co. (DTE) reported revenue of $10.6 billion for fiscal 2016, the year ended 31 December 2016, up 2.8% on the year before. Net income was $868 million, up 19.4%, and diluted earnings per share $4.83. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2017.
Revenue
$10.6 billion
+2.8% on the year
FY2010FY2016
Operating margin
14.0%
12.0% a year earlier
FY2010FY2016
Net income
$868 million
+19.4% on the year
FY2010FY2016
Diluted EPS
$4.83
+19.3% on the year
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
10,630
10,337
12,301
+2.8%
Operating income
1,486
1,239
1,590
+19.9%
Operating margin
14.0%
12.0%
12.9%
Interest expense
472
450
429
+4.9%
Pre-tax income
1,105
950
1,275
+16.3%
Income tax
271
230
364
+17.8%
Effective tax rate
24.5%
24.2%
28.5%
Net income
868
727
905
+19.4%
Net margin
8.2%
7.0%
7.4%
Diluted EPS
$4.83
$4.05
$5.10
+19.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2,084
1,916
1,845
+8.8%
Cash from investing
-3,388
-2,204
-2,060
Cash from financing
1,359
277
211
+390.6%
Depreciation and amortisation
976
852
1,145
+14.6%
Buybacks
33.0
0.0
52.0
Dividends paid
531
501
470
+6.0%
Dividend per share
$3.06
$2.84
$2.69
+7.7%
Diluted shares, weighted
179m
179m
177m
0.0%
Shares outstanding at period end
179m
179m
177m
-0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
9,011
8,772
8,327
+2.7%
Non-controlling interest
488
23.0
15.0
+2,021.7%
Short-term borrowings
499
499
n/a
0.0%
Debt
11,372
9,300
9,015
+22.3%
Other liabilities
10,671
10,068
10,470
+6.0%
Total liabilities and equity
32,041
28,662
27,827
+11.8%
Fixed assets
19,730
18,034
16,820
+9.4%
Goodwill
2,286
2,018
2,018
+13.3%
Intangible assets
842
89.0
111
+846.1%
Investments
2,273
1,936
1,869
+17.4%
Cash and equivalents
92.0
37.0
48.0
+148.6%
Receivables
1,522
1,276
1,504
+19.3%
Other assets
5,296
5,272
5,457
+0.5%
Total assets
32,041
28,662
27,827
+11.8%
10-K for the year ended 31 December 2016, filed 9 February 2017: the filing.