Exhibit 99.1
Selected Financial Data
The following selected financial data should be read in conjunction with the accompanying Management’s Discussion and Analysis in Exhibit 99.2 (Item 7 from 2008 Form 10-K) and Notes to the Consolidated Financial Statements in Exhibit 99.3 (Item 8 from 2008 Form 10-K) of this Report.
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
(In millions, except per share amounts) | ||||||||||||||||||||
Operating Revenues | $ | 9,329 | $ | 8,475 | $ | 8,157 | $ | 8,094 | $ | 6,419 | ||||||||||
Net Income (Loss) Attributable to DTE Energy Company | ||||||||||||||||||||
Income from continuing operations(1) | $ | 526 | $ | 787 | $ | 389 | $ | 272 | $ | 265 | ||||||||||
Discontinued operations | 20 | 184 | 43 | 268 | 166 | |||||||||||||||
Cumulative effect of accounting changes | — | — | 1 | (3 | ) | — | ||||||||||||||
Net Income Attributable to DTE Energy Company | $ | 546 | $ | 971 | $ | 433 | $ | 537 | $ | 431 | ||||||||||
Diluted Earnings Per Common Share | ||||||||||||||||||||
Income from continuing operations | $ | 3.22 | $ | 4.61 | $ | 2.18 | $ | 1.54 | $ | 1.52 | ||||||||||
Discontinued operations | .12 | 1.08 | .24 | 1.52 | .96 | |||||||||||||||
Cumulative effect of accounting changes | — | — | .01 | (.01 | ) | — | ||||||||||||||
Diluted Earnings Per Common Share | $ | 3.34 | $ | 5.69 | $ | 2.43 | $ | 3.05 | $ | 2.48 | ||||||||||
Financial Information | ||||||||||||||||||||
Dividends declared per share of common stock | $ | 2.12 | $ | 2.12 | $ | 2.075 | $ | 2.06 | $ | 2.06 | ||||||||||
Total assets | $ | 24,590 | $ | 23,742 | $ | 23,785 | $ | 23,335 | $ | 21,297 | ||||||||||
Long-term debt, including capital leases | $ | 7,741 | $ | 6,971 | $ | 7,474 | $ | 7,080 | $ | 7,606 | ||||||||||
Shareholders’ equity | $ | 5,995 | $ | 5,853 | $ | 5,849 | $ | 5,769 | $ | 5,548 |
(1) | 2007 amounts include $580 million after-tax gain on the Antrim sale transaction and $210 million after-tax losses on hedge contracts associated with the Antrim sale. 2008 amounts include $81 million after-tax gain on the sale of a portion of the Barnett shale properties. See Note 3 of Notes to Consolidated Financial Statements in Exhibit 99.3 (Item 8 from 2008 Form 10-K) of this Report. |
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