DTE Energy (DTE) FY2018 results: revenue $14.2 billion, up 12.7% on the year
DTE Energy Co. (DTE) reported revenue of $14.2 billion for fiscal 2018, the year ended 31 December 2018, up 12.7% on the year before. Net income was $1.1 billion, down 1.2%, and diluted earnings per share $6.17. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2019.
Revenue
$14.2 billion
+12.7% on the year
FY2011FY2018
Operating margin
11.2%
13.6% a year earlier
FY2011FY2018
Net income
$1.1 billion
-1.2% on the year
FY2011FY2018
Diluted EPS
$6.17
-2.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
14,212
12,607
10,630
+12.7%
Operating income
1,594
1,711
1,486
-6.8%
Operating margin
11.2%
13.6%
14.0%
Interest expense
559
536
472
+4.3%
Pre-tax income
1,216
1,287
1,105
-5.5%
Income tax
98.0
175
271
-44.0%
Effective tax rate
8.1%
13.6%
24.5%
Net income
1,120
1,134
868
-1.2%
Net margin
7.9%
9.0%
8.2%
Diluted EPS
$6.17
$6.32
$4.83
-2.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,680
2,117
2,084
+26.6%
Cash from investing
-3,347
-2,564
-3,388
Cash from financing
654
421
1,359
+55.3%
Depreciation and amortisation
1,124
1,030
976
+9.1%
Buybacks
0.0
51.0
33.0
Dividends paid
620
592
531
+4.7%
Dividend per share
$3.60
$3.36
$3.06
+7.1%
Diluted shares, weighted
181m
179m
179m
+1.1%
Shares outstanding at period end
182m
179m
179m
+1.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
10,237
9,512
9,011
+7.6%
Non-controlling interest
480
478
488
+0.4%
Short-term borrowings
609
621
499
-1.9%
Debt
13,746
12,407
11,372
+10.8%
Finance lease liabilities
7.0
n/a
n/a
Other liabilities
11,209
10,749
10,671
+4.3%
Total liabilities and equity
36,288
33,767
32,041
+7.5%
Fixed assets
21,650
20,721
19,730
+4.5%
Goodwill
2,293
2,293
2,286
0.0%
Intangible assets
849
867
842
-2.1%
Investments
3,368
2,797
2,273
+20.4%
Cash and equivalents
71.0
66.0
92.0
+7.6%
Receivables
1,789
1,758
1,522
+1.8%
Other assets
6,268
5,265
5,296
+19.1%
Total assets
36,288
33,767
32,041
+7.5%
10-K for the year ended 31 December 2018, filed 7 February 2019: the filing.