DTE Energy (DTE) FY2017 results: revenue $12.6 billion, up 18.6% on the year
DTE Energy Co. (DTE) reported revenue of $12.6 billion for fiscal 2017, the year ended 31 December 2017, up 18.6% on the year before. Net income was $1.1 billion, up 30.6%, and diluted earnings per share $6.32. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$12.6 billion
+18.6% on the year
FY2010FY2017
Operating margin
13.6%
14.0% a year earlier
FY2010FY2017
Net income
$1.1 billion
+30.6% on the year
FY2010FY2017
Diluted EPS
$6.32
+30.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
12,607
10,630
10,337
+18.6%
Operating income
1,711
1,486
1,239
+15.1%
Operating margin
13.6%
14.0%
12.0%
Interest expense
536
472
450
+13.6%
Pre-tax income
1,287
1,105
950
+16.5%
Income tax
175
271
230
-35.4%
Effective tax rate
13.6%
24.5%
24.2%
Net income
1,134
868
727
+30.6%
Net margin
9.0%
8.2%
7.0%
Diluted EPS
$6.32
$4.83
$4.05
+30.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,117
2,084
1,916
+1.6%
Cash from investing
-2,564
-3,388
-2,204
Cash from financing
421
1,359
277
-69.0%
Depreciation and amortisation
1,030
976
852
+5.5%
Buybacks
51.0
33.0
0.0
+54.5%
Dividends paid
592
531
501
+11.5%
Dividend per share
$3.36
$3.06
$2.84
+9.8%
Diluted shares, weighted
179m
179m
179m
0.0%
Shares outstanding at period end
179m
179m
179m
-0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
9,512
9,011
8,772
+5.6%
Non-controlling interest
478
488
23.0
-2.0%
Short-term borrowings
621
499
499
+24.4%
Debt
12,407
11,372
9,300
+9.1%
Other liabilities
10,749
10,671
10,068
+0.7%
Total liabilities and equity
33,767
32,041
28,662
+5.4%
Fixed assets
20,721
19,730
18,034
+5.0%
Goodwill
2,293
2,286
2,018
+0.3%
Intangible assets
867
842
89.0
+3.0%
Investments
2,797
2,273
1,936
+23.1%
Cash and equivalents
66.0
92.0
37.0
-28.3%
Receivables
1,758
1,522
1,276
+15.5%
Other assets
5,265
5,296
5,272
-0.6%
Total assets
33,767
32,041
28,662
+5.4%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.