DTE Energy (DTE) FY2021 results: revenue $15.0 billion, up 31.0% on the year
DTE Energy Co. (DTE) reported revenue of $15.0 billion for fiscal 2021, the year ended 31 December 2021, up 31.0% on the year before. Net income was $907 million, down 33.7%, and diluted earnings per share $4.67. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2022.
Revenue
$15.0 billion
+31.0% on the year
FY2014FY2021
Operating margin
10.0%
13.6% a year earlier
FY2014FY2021
Net income
$907 million
-33.7% on the year
FY2014FY2021
Diluted EPS
$4.67
-34.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,067
3,697
2,649
-17.0%
Cash from investing
-3,863
-4,070
-5,732
Cash from financing
315
796
3,100
-60.4%
Depreciation and amortisation
1,377
1,292
1,169
+6.6%
Buybacks
66.0
0.0
0.0
Dividends paid
791
760
692
+4.1%
Dividend per share
$3.88
$4.12
$3.85
-5.8%
Diluted shares, weighted
194m
193m
185m
+0.5%
Shares outstanding at period end
194m
194m
192m
-0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
8,705
12,425
11,672
-29.9%
Non-controlling interest
8.0
164
164
-95.1%
Short-term borrowings
n/a
38.0
828
Debt
18,163
19,603
16,755
-7.3%
Operating lease liabilities
74.0
83.0
127
-10.8%
Finance lease liabilities
19.0
24.0
11.0
-20.8%
Other liabilities
12,750
13,159
12,711
-3.1%
Total liabilities and equity
39,719
45,496
42,268
-12.7%
Fixed assets
26,944
24,499
25,317
+10.0%
Goodwill
1,993
1,993
2,464
0.0%
Intangible assets
177
199
2,393
-11.1%
Investments
2,452
2,228
3,788
+10.1%
Cash and equivalents
28.0
472
93.0
-94.1%
Receivables
1,695
1,542
1,642
+9.9%
Other assets
6,430
14,563
6,571
-55.8%
Total assets
39,719
45,496
42,268
-12.7%
10-K for the year ended 31 December 2021, filed 10 February 2022: the filing.