Short-term borrowings, net — other

[Table of Contents](#ie1b09d57e49a40aaa81f572e6311eac9_10)DTE Electric CompanyConsolidated Statements of Cash Flows (Unaudited)  


|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended March 31, |
|  | 2022 |  | 2021 |
|  | (In millions) |
| Operating Activities |  |  |  |
| Net Income | $ | 201  |  |  | $ | 208  |  |
| Adjustments to reconcile Net Income to Net cash from operating activities: |  |  |  |
| Depreciation and amortization | 294  |  |  | 260  |  |
| Nuclear fuel amortization | 3  |  |  | 15  |  |
| Allowance for equity funds used during construction | (7) |  |  | (6) |  |
| Deferred income taxes | —  |  |  | 15  |  |
|  |  |  |  |
| Changes in assets and liabilities: |  |  |  |
| Accounts receivable, net | (18) |  |  | 114  |  |
| Inventories | 12  |  |  | 24  |  |
| Accounts payable | 34  |  |  | (8) |  |
| Prepaid postretirement benefit costs — affiliates | (15) |  |  | (8) |  |
| Accrued pension liability — affiliates | (13) |  |  | (12) |  |
| Accrued postretirement liability — affiliates | (8) |  |  | (2) |  |
| Regulatory assets and liabilities | (165) |  |  | 121  |  |
| Other current and noncurrent assets and liabilities | (33) |  |  | (150) |  |
| Net cash from operating activities | 285  |  |  | 571  |  |
| Investing Activities |  |  |  |
| Plant and equipment expenditures | (609) |  |  | (502) |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Proceeds from sale of nuclear decommissioning trust fund assets | 207  |  |  | 271  |  |
| Investment in nuclear decommissioning trust funds | (209) |  |  | (273) |  |
| Other | (8) |  |  | (9) |  |
| Net cash used for investing activities | (619) |  |  | (513) |  |
| Financing Activities |  |  |  |
| Issuance of long-term debt, net of discount and issuance costs | 1,119  |  |  | 989  |  |
| Redemption of long-term debt | (250) |  |  | —  |  |
|  |  |  |  |
|  |  |  |  |
| Short-term borrowings, net — affiliate | (53) |  |  | (23) |  |
| Short-term borrowings, net — other | (153) |  |  | —  |  |
| Dividends paid on common stock | (277) |  |  | (147) |  |
| Other | (11) |  |  | (15) |  |
| Net cash from financing activities | 375  |  |  | 804  |  |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | 41  |  |  | 862  |  |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 9  |  |  | 16  |  |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $ | 50  |  |  | $ | 878  |  |
|  |  |  |  |
| Supplemental disclosure of non-cash investing and financing activities |  |  |  |
| Plant and equipment expenditures in accounts payable | $ | 251  |  |  | $ | 141  |  |

  
See Combined Notes to Consolidated Financial Statements (Unaudited)15
