DTE Energy (DTE) FY2022 results: revenue $19.2 billion, up 28.5% on the year
DTE Energy Co. (DTE) reported revenue of $19.2 billion for fiscal 2022, the year ended 31 December 2022, up 28.5% on the year before. Net income was $1.1 billion, up 19.4%, and diluted earnings per share $5.52. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$19.2 billion
+28.5% on the year
FY2015FY2022
Operating margin
9.1%
10.0% a year earlier
FY2015FY2022
Net income
$1.1 billion
+19.4% on the year
FY2015FY2022
Diluted EPS
$5.52
+18.2% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,977
3,067
3,697
-35.5%
Cash from investing
-3,431
-3,863
-4,070
Cash from financing
1,462
315
796
+364.1%
Depreciation and amortisation
1,468
1,377
1,292
+6.6%
Buybacks
55.0
66.0
0.0
-16.7%
Dividends paid
685
791
760
-13.4%
Dividend per share
$3.61
$3.88
$4.12
-7.0%
Diluted shares, weighted
196m
194m
193m
+1.0%
Shares outstanding at period end
206m
194m
194m
+6.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
10,397
8,705
12,425
+19.4%
Non-controlling interest
4.0
8.0
164
-50.0%
Short-term borrowings
n/a
n/a
38.0
Debt
19,159
18,163
19,603
+5.5%
Operating lease liabilities
68.0
74.0
83.0
-8.1%
Finance lease liabilities
11.0
19.0
24.0
-42.1%
Other liabilities
13,044
12,750
13,159
+2.3%
Total liabilities and equity
42,683
39,719
45,496
+7.5%
Fixed assets
28,767
26,944
24,499
+6.8%
Goodwill
1,993
1,993
1,993
0.0%
Intangible assets
166
177
199
-6.2%
Investments
2,155
2,452
2,228
-12.1%
Cash and equivalents
33.0
28.0
472
+17.9%
Receivables
2,038
1,695
1,542
+20.2%
Other assets
7,531
6,430
14,563
+17.1%
Total assets
42,683
39,719
45,496
+7.5%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.