DTE Energy (DTE) FY2023 results: revenue $12.7 billion, down 33.7% on the year
DTE Energy Co. (DTE) reported revenue of $12.7 billion for fiscal 2023, the year ended 31 December 2023, down 33.7% on the year before. Net income was $1.4 billion, up 29.0%, and diluted earnings per share $6.76. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2024.
Revenue
$12.7 billion
-33.7% on the year
FY2016FY2023
Operating margin
17.6%
9.1% a year earlier
FY2016FY2023
Net income
$1.4 billion
+29.0% on the year
FY2016FY2023
Diluted EPS
$6.76
+22.5% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,220
1,977
3,067
+62.9%
Cash from investing
-4,095
-3,431
-3,863
Cash from financing
883
1,462
315
-39.6%
Depreciation and amortisation
1,606
1,468
1,377
+9.4%
Buybacks
0.0
55.0
66.0
Dividends paid
752
685
791
+9.8%
Dividend per share
$3.88
$3.61
$3.88
+7.5%
Diluted shares, weighted
206m
196m
194m
+5.1%
Shares outstanding at period end
206m
206m
194m
+0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
11,050
10,397
8,705
+6.3%
Non-controlling interest
5.0
4.0
8.0
+25.0%
Debt
20,845
19,159
18,163
+8.8%
Operating lease liabilities
108
68.0
74.0
+58.8%
Finance lease liabilities
13.0
11.0
19.0
+18.2%
Other liabilities
12,734
13,044
12,750
-2.4%
Total liabilities and equity
44,755
42,683
39,719
+4.9%
Fixed assets
28,169
28,767
26,944
-2.1%
Goodwill
1,993
1,993
1,993
0.0%
Intangible assets
156
166
177
-6.0%
Investments
2,375
2,155
2,452
+10.2%
Cash and equivalents
26.0
33.0
28.0
-21.2%
Receivables
1,632
2,038
1,695
-19.9%
Other assets
10,404
7,531
6,430
+38.1%
Total assets
44,755
42,683
39,719
+4.9%
10-K for the year ended 31 December 2023, filed 8 February 2024: the filing.