2021 Q4 Form 10-K Financial Statement

#000093634022000077 Filed on February 10, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $4.647B $3.715B $14.96B
YoY Change 50.88% 20.62% 31.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $367.0M $344.0M $1.377B
YoY Change -4.43% -3.37% 6.58%
% of Gross Profit
Operating Expenses $4.228B $3.308B $13.44B
YoY Change 49.56% 23.34% 32.3%
Operating Profit $415.0M $405.0M $1.495B
YoY Change 12.77% -15.45% -3.86%
Interest Expense -$132.0M $156.0M $630.0M
YoY Change -6.38% 4.7% 4.83%
% of Operating Profit -31.81% 38.52% 42.14%
Other Income/Expense, Net $20.00M -$469.0M -$839.0M
YoY Change -9.09% 432.95% 77.38%
Pretax Income $294.0M -$64.00M $656.0M
YoY Change -9.26% -116.37% -39.37%
Income Tax -$6.000M -$119.0M -$130.0M
% Of Pretax Income -2.04% -19.82%
Net Earnings $306.0M $25.00M $907.0M
YoY Change 11.27% -94.75% -33.7%
Net Earnings / Revenue 6.58% 0.67% 6.06%
Basic Earnings Per Share $1.58 $0.13 $4.68
Diluted Earnings Per Share $1.57 $0.13 $4.67
COMMON SHARES
Basic Shares Outstanding 193.0M shares 193.0M shares
Diluted Shares Outstanding 194.0M shares 194.0M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.00M $54.00M $28.00M
YoY Change -94.55% -94.29% -94.55%
Cash & Equivalents $28.00M $54.00M $28.00M
Short-Term Investments
Other Short-Term Assets $218.0M $297.0M $601.0M
YoY Change 17.84% 0.68% 26.26%
Inventory $858.0M $915.0M $858.0M
Prepaid Expenses
Receivables $1.695B $1.522B $1.695B
Other Receivables $135.0M $170.0M $135.0M
Total Short-Term Assets $3.317B $3.494B $3.317B
YoY Change -5.17% -8.56% -5.17%
LONG-TERM ASSETS
Property, Plant & Equipment $26.94B $26.16B $27.04B
YoY Change 9.98% -3.69% -3.84%
Goodwill $1.993B $1.993B
YoY Change 0.0% -19.15%
Intangibles $177.0M $181.0M
YoY Change -11.06% -92.32%
Long-Term Investments $187.0M $186.0M $2.542B
YoY Change 5.65% -90.03% -35.79%
Other Assets $7.006B $7.404B $4.339B
YoY Change -54.12% -24.01% -10.22%
Total Long-Term Assets $36.40B $35.94B $36.40B
YoY Change -13.32% -11.51% -13.32%
TOTAL ASSETS
Total Short-Term Assets $3.317B $3.494B $3.317B
Total Long-Term Assets $36.40B $35.94B $36.40B
Total Assets $39.72B $39.44B $39.72B
YoY Change -12.7% -11.26% -12.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.414B $1.365B $1.414B
YoY Change 41.4% 41.6% 37.41%
Accrued Expenses $154.0M $161.0M $154.0M
YoY Change -19.37% -19.1% -19.37%
Deferred Revenue
YoY Change
Short-Term Debt $758.0M $361.0M $758.0M
YoY Change 1894.74% -63.46% 1894.74%
Long-Term Debt Due $2.874B $324.0M $2.882B
YoY Change 512.79% -30.62% 505.46%
Total Short-Term Liabilities $6.346B $3.433B $6.346B
YoY Change 135.82% 0.47% 135.82%
LONG-TERM LIABILITIES
Long-Term Debt $14.53B $16.92B $14.53B
YoY Change -23.53% -7.11% -23.53%
Other Long-Term Liabilities $10.13B $10.50B $7.966B
YoY Change -9.68% 1.78% -5.09%
Total Long-Term Liabilities $10.13B $10.50B $22.50B
YoY Change -9.68% 1.78% -17.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.346B $3.433B $6.346B
Total Long-Term Liabilities $10.13B $10.50B $22.50B
Total Liabilities $16.48B $13.93B $31.01B
YoY Change 18.47% 1.46% -6.22%
SHAREHOLDERS EQUITY
Retained Earnings $3.438B $3.317B
YoY Change -51.96% -53.23%
Common Stock $5.379B $5.366B
YoY Change -0.5% -0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.705B $8.567B $8.705B
YoY Change
Total Liabilities & Shareholders Equity $39.72B $39.44B $39.72B
YoY Change -12.7% -11.26% -12.7%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $306.0M $25.00M $907.0M
YoY Change 11.27% -94.75% -33.7%
Depreciation, Depletion And Amortization $367.0M $344.0M $1.377B
YoY Change -4.43% -3.37% 6.58%
Cash From Operating Activities $695.0M $456.0M $3.067B
YoY Change -24.13% -58.55% -17.04%
INVESTING ACTIVITIES
Capital Expenditures -$1.072B -$826.0M -$3.772B
YoY Change 10.63% -4.51% -2.2%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$11.00M -$26.00M $31.00M
YoY Change 37.5% -39.53% 1450.0%
Cash From Investing Activities -$1.083B -$852.0M -$3.863B
YoY Change 10.85% -6.17% -5.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $66.00M
YoY Change -3400.0%
Debt Paid & Issued, Net $2.600B $3.522B
YoY Change 299.32%
Cash From Financing Activities 367.0M -2.998B $315.0M
YoY Change -195.32% -2112.08% -60.43%
NET CHANGE
Cash From Operating Activities 695.0M 456.0M $3.067B
Cash From Investing Activities -1.083B -852.0M -$3.863B
Cash From Financing Activities 367.0M -2.998B $315.0M
Net Change In Cash -21.00M -3.394B -$481.0M
YoY Change -95.29% -1095.31% -213.71%
FREE CASH FLOW
Cash From Operating Activities $695.0M $456.0M $3.067B
Capital Expenditures -$1.072B -$826.0M -$3.772B
Free Cash Flow $1.767B $1.282B $6.839B
YoY Change -6.26% -34.76% -9.47%

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10000000 USD
CY2021 us-gaap Payments To Acquire Equity Method Investments
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37000000 USD
CY2019 us-gaap Payments To Acquire Equity Method Investments
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149000000 USD
CY2021 us-gaap Payments To Acquire Notes Receivable
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74000000 USD
CY2020 us-gaap Payments To Acquire Notes Receivable
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85000000 USD
CY2019 us-gaap Payments To Acquire Notes Receivable
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98000000 USD
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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CY2020 us-gaap Payments For Proceeds From Other Investing Activities
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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22000000 USD
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019 us-gaap Repayments Of Long Term Debt
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821000000 USD
CY2021 us-gaap Proceeds From Issuance Of Mandatory Redeemable Capital Securities
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CY2020 us-gaap Proceeds From Issuance Of Mandatory Redeemable Capital Securities
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0 USD
CY2019 us-gaap Proceeds From Issuance Of Mandatory Redeemable Capital Securities
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1265000000 USD
CY2021 us-gaap Proceeds From Short Term Debt
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720000000 USD
CY2020 us-gaap Repayments Of Short Term Debt
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790000000 USD
CY2019 us-gaap Proceeds From Short Term Debt
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219000000 USD
CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2020 us-gaap Proceeds From Issuance Of Common Stock
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CY2019 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments Of Dividends Common Stock
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CY2020 us-gaap Payments Of Dividends Common Stock
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760000000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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692000000 USD
CY2021 us-gaap Proceeds From Minority Shareholders
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CY2020 us-gaap Proceeds From Minority Shareholders
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CY2019 us-gaap Proceeds From Minority Shareholders
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38000000 USD
CY2021 us-gaap Payments To Minority Shareholders
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CY2020 us-gaap Payments To Minority Shareholders
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39000000 USD
CY2019 us-gaap Payments To Minority Shareholders
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CY2021 dte Paymentsfor Purchaseof Noncontrolling Interest
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CY2020 dte Paymentsfor Purchaseof Noncontrolling Interest
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CY2019 dte Paymentsfor Purchaseof Noncontrolling Interest
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300000000 USD
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
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380000000 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2021 us-gaap Payments Of Debt Extinguishment Costs
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361000000 USD
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0 USD
CY2019 us-gaap Payments Of Debt Extinguishment Costs
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CY2021 dte Transfer Of Cash Related To Spinoff Financing Activities
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37000000 USD
CY2020 dte Transfer Of Cash Related To Spinoff Financing Activities
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0 USD
CY2019 dte Transfer Of Cash Related To Spinoff Financing Activities
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0 USD
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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315000000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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796000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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3100000000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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423000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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17000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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516000000 USD
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93000000 USD
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35000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
516000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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93000000 USD
CY2021 us-gaap Interest Paid Net
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CY2019 us-gaap Interest Paid Net
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CY2019 us-gaap Income Taxes Paid Net
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353000000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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266000000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
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311000000 USD
CY2021 dte Net Assets Of Spinoff Excluding Cash Transferred Discontinued Operations
NetAssetsOfSpinoffExcludingCashTransferredDiscontinuedOperations
3973000000 USD
CY2020 dte Net Assets Of Spinoff Excluding Cash Transferred Discontinued Operations
NetAssetsOfSpinoffExcludingCashTransferredDiscontinuedOperations
0 USD
CY2019 dte Net Assets Of Spinoff Excluding Cash Transferred Discontinued Operations
NetAssetsOfSpinoffExcludingCashTransferredDiscontinuedOperations
0 USD
CY2021 dte Premiumon Financial Instruments Subjectto Mandatory Redemption
PremiumonFinancialInstrumentsSubjecttoMandatoryRedemption
0 USD
CY2020 dte Premiumon Financial Instruments Subjectto Mandatory Redemption
PremiumonFinancialInstrumentsSubjecttoMandatoryRedemption
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CY2019 dte Premiumon Financial Instruments Subjectto Mandatory Redemption
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150000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019 us-gaap Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings Tax Effect
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0 USD
CY2019 us-gaap Stock Issued During Period Value Employee Benefit Plan
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CY2019 us-gaap Profit Loss
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CY2019 us-gaap Common Stock Dividends Per Share Declared
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3.85
CY2019 us-gaap Dividends Common Stock Cash
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CY2019 us-gaap Stock Issued During Period Value New Issues
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1014000000 USD
CY2019 dte Adjustmentsto Additional Paidin Capital Premiumon Financial Instruments Subjectto Mandatory Redemption
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150000000 USD
CY2019 dte Adjustmentsto Additional Paidin Capital Financial Instruments Subjectto Mandatory Redemption Issuance Cost
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30000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Minority Interest Decrease From Redemptions
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CY2019 us-gaap Stockholders Equity Other
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Common Stock Dividends Per Share Declared
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CY2020 us-gaap Stock Issued During Period Value Employee Benefit Plan
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Profit Loss
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CY2021 us-gaap Common Stock Dividends Per Share Declared
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CY2021 us-gaap Stockholders Equity Note Spinoff Transaction
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CY2021Q4 dte Numberof Electric Utility Customers
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2300000 customer
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1300000 customer
CY2021Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
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CY2021Q4 us-gaap Equity Method Investments
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15000000 USD
CY2021 dte Incomefrom Re Finvestees
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141000000 USD
CY2020 dte Incomefrom Re Finvestees
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139000000 USD
CY2019 dte Incomefrom Re Finvestees
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130000000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
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CY2020 us-gaap Income Loss From Equity Method Investments
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CY2019 us-gaap Income Loss From Equity Method Investments
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CY2021 dte Incomeon Contract Services
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CY2021 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2020 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2019 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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24000000 USD
CY2021 dte Gain On Investments
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8000000 USD
CY2020 dte Gain On Investments
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28000000 USD
CY2019 dte Gain On Investments
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CY2021 dte Other Miscellaneous Nonoperating Income
OtherMiscellaneousNonoperatingIncome
13000000 USD
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CY2021 us-gaap Other Nonoperating Income
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CY2020 us-gaap Other Nonoperating Income
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CY2019 us-gaap Other Nonoperating Income
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CY2021 dte Specific Review Of Probable Future Collections Based On Receivable Balances Threshold Duration
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CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2021 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2020Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2020 us-gaap Provision For Loan Losses Expensed
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CY2020 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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50000000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2021 dte Financing Receivable Credit Loss Expense Reversal Adjusted For Regulatory Deferrals
FinancingReceivableCreditLossExpenseReversalAdjustedForRegulatoryDeferrals
55000000 USD
CY2020 dte Financing Receivable Credit Loss Expense Reversal Adjusted For Regulatory Deferrals
FinancingReceivableCreditLossExpenseReversalAdjustedForRegulatoryDeferrals
105000000 USD
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106000000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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98000000 USD
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282000000 USD
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83000000 USD
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16000000 USD
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16000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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16000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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16000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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14000000 USD
CY2021 us-gaap Excise And Sales Taxes
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0 USD
CY2021 us-gaap Amortization Of Intangible Assets
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16000000 USD
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AmortizationOfIntangibleAssets
16000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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CY2021Q4 dte Capitalized Cloud Computing Costs
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16000000 USD
CY2020Q4 dte Capitalized Cloud Computing Costs
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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1000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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0 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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CY2021 dte Charitable Contributions
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25000000 USD
CY2020 dte Charitable Contributions
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20000000 USD
CY2019 dte Charitable Contributions
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0 USD
CY2021Q3 us-gaap Repayments Of Long Term Debt
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2600000000 USD
CY2021 us-gaap Professional Fees
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CY2020 us-gaap Professional Fees
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2021 dte Contract With Customer Liability Increase From Cash Receipts
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72000000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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59000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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75000000 USD
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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34016000000 USD
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10139000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
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9517000000 USD
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26944000000 USD
CY2020Q4 us-gaap Public Utilities Property Plant And Equipment Net
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24499000000 USD
CY2021 dte Interest Costs Capitalized Rate
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0.0330
CY2020 dte Interest Costs Capitalized Rate
InterestCostsCapitalizedRate
0.0390
CY2019 dte Interest Costs Capitalized Rate
InterestCostsCapitalizedRate
0.0400
CY2021 dte Capitalized Interest Costs Including Allowancefor Debt Funds Used During Construction
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12000000 USD
CY2020 dte Capitalized Interest Costs Including Allowancefor Debt Funds Used During Construction
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11000000 USD
CY2019 dte Capitalized Interest Costs Including Allowancefor Debt Funds Used During Construction
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14000000 USD
CY2021 dte Capitalized Interest Costs Including Allowancefor Equity Funds Used During Construction
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27000000 USD
CY2020 dte Capitalized Interest Costs Including Allowancefor Equity Funds Used During Construction
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25000000 USD
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24000000 USD
CY2021 us-gaap Interest Costs Incurred Capitalized
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39000000 USD
CY2020 us-gaap Interest Costs Incurred Capitalized
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36000000 USD
CY2019 us-gaap Interest Costs Incurred Capitalized
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38000000 USD
CY2021 us-gaap Depreciation
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CY2019 us-gaap Depreciation
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CY2021 us-gaap Amortization Of Regulatory Asset
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259000000 USD
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244000000 USD
CY2019 us-gaap Amortization Of Regulatory Asset
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227000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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16000000 USD
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16000000 USD
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9000000 USD
CY2021 us-gaap Other Depreciation And Amortization
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7000000 USD
CY2020 us-gaap Other Depreciation And Amortization
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7000000 USD
CY2019 us-gaap Other Depreciation And Amortization
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6000000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
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1377000000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
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1.16
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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1.16
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CY2019 us-gaap Earnings Per Share Diluted
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6.31
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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11500000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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10300000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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10300000 shares
CY2021 us-gaap Derivatives Reporting Of Derivative Activity
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<div style="margin-top:9pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivative Assets and Liabilities</span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Derivative assets and liabilities are comprised of physical and financial derivative contracts, including futures, forwards, options, and swaps that are both exchange-traded and over-the-counter traded contracts. Various inputs are used to value derivatives depending on the type of contract and availability of market data. Exchange-traded derivative contracts are valued using quoted prices in active markets. The Registrants consider the following criteria in determining whether a market is considered active: frequency in which pricing information is updated, variability in pricing between sources or over time, and the availability of public information. Other derivative contracts are valued based upon a variety of inputs including commodity market prices, broker quotes, interest rates, credit ratings, default rates, market-based seasonality, and basis differential factors. The Registrants monitor the prices that are supplied by brokers and pricing services and may use a supplemental price source or change the primary price source of an index if prices become unavailable or another price source is determined to be more representative of fair value. The Registrants have obtained an understanding of how these prices are derived. Additionally, the Registrants selectively corroborate the fair value of their transactions by comparison of market-based price sources. Mathematical valuation models are used for derivatives for which external market data is not readily observable, such as contracts which extend beyond the actively traded reporting period. The Registrants have established a Risk Management Committee whose responsibilities include directly or indirectly ensuring all valuation methods are applied in accordance with predefined policies. The development and maintenance of the Registrants' forward price curves has been assigned to DTE Energy's Risk Management Department, which is separate and distinct from the trading functions within DTE Energy.</span></div>
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
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1508000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
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567000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
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533000000 USD
CY2021Q4 dte Lettersof Credit Issuedthatcouldbeusedtooffsetnetderivativeliabilities
LettersofCreditIssuedthatcouldbeusedtooffsetnetderivativeliabilities
18000000 USD
CY2020Q4 dte Lettersof Credit Issuedthatcouldbeusedtooffsetnetderivativeliabilities
LettersofCreditIssuedthatcouldbeusedtooffsetnetderivativeliabilities
7000000 USD
CY2021Q4 dte Lettersof Credit Received Usedto Offset Net Derivative Assets
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37000000 USD
CY2020Q4 dte Lettersof Credit Received Usedto Offset Net Derivative Assets
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9000000 USD
CY2021Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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90000000 USD
CY2020Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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12000000 USD
CY2021Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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48000000 USD
CY2020Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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6000000 USD
CY2021Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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55000000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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14000000 USD
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21000000 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
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1000000 USD
CY2021 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
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Revenues and energy costs related to trading contracts are presented on a net basis in DTE Energy's Consolidated Statements of Operations. Commodity derivatives used for trading purposes, and financial non-trading commodity derivatives, are accounted for using the MTM method with unrealized and realized gains and losses recorded in Operating Revenues — Non-utility operations. Non-trading physical commodity sale and purchase derivative contracts are generally accounted for using the MTM method with unrealized and realized gains and losses for sales recorded in Operating Revenues — Non-utility operations and purchases recorded in Fuel, purchased power, gas, and other — non-utility.
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CY2021 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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55000000 USD
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CY2021Q4 us-gaap Derivative Assets
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411000000 USD
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1078000000 USD
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405000000 USD
CY2020Q4 us-gaap Derivative Liabilities
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CY2021Q4 dte Long Term Debt Interest Payment
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P12Y8M12D
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P12Y1M6D
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198000000 USD
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199000000 USD
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193000000 USD
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3290000000 USD
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CY2021Q4 us-gaap Purchase Obligation Due In Third Year
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CY2021Q4 us-gaap Purchase Obligation Due In Fourth Year
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585000000 USD
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460000000 USD
CY2021Q4 us-gaap Purchase Obligation Due After Fifth Year
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1966000000 USD
CY2021Q4 us-gaap Purchase Obligation
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9374000000 USD
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3700000000 USD
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4000000 USD
CY2020 us-gaap Defined Benefit Plan Plan Amendments
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