| Cash Flow for DTE ENERGY COMPANY (DTE) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 971,000 | 433,000 | 537,000 | 431,000 | 521,000 | | Depreciation & Amortization | 926,000 | 1,014,000 | 872,000 | 744,000 | 691,000 | | Deferred Income Taxes | 144,000 | 28,000 | 147,000 | 129,000 | (220,000) | | Operating Losses | (1,157,000) | (103,000) | (444,000) | (318,000) | (115,000) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (102,000) | 441,000 | (633,000) | 11,000 | (133,000) | | Decrease in Inventories | 80,000 | (49,000) | (6,000) | (40,000) | (61,000) | | Decrease in Other Current Assets | (10,000) | 338,000 | 53,000 | 53,000 | 29,000 | | Increase in Payables | 6,000 | (68,000) | 290,000 | 266,000 | (21,000) | | Increase in Other Current Liabilities | (19,000) | 49,000 | 185,000 | (281,000) | 259,000 | | Decrease in Other Working Capital | 241,000 | (703,000) | - | - | - | | Other Non-Cash Items | 45,000 | 76,000 | - | - | - | | Net Cash from Continuing Operations | 1,125,000 | 1,456,000 | 1,001,000 | 995,000 | 950,000 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 1,125,000 | 1,456,000 | 1,001,000 | 995,000 | 950,000 | | | | Sale of Property, Plant, Equipment | 286,000 | 313,000 | 409,000 | 325,000 | 758,000 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (1,299,000) | (1,403,000) | (1,065,000) | (904,000) | (751,000) | | Acquisitions | 1,594,000 | (42,000) | - | - | - | | Purchase of Short Term Investments | - | - | (66,000) | - | - | | Other Investment Changes, Net | (251,000) | (62,000) | (80,000) | (102,000) | 3,000 | | Cash from Investing Activities | 330,000 | (1,194,000) | (802,000) | (681,000) | 10,000 | | | Issuance of Debt | 50,000 | 903,000 | 1,306,000 | 769,000 | 527,000 | | Issuance of Capital Stock | - | 17,000 | 172,000 | 41,000 | 44,000 | | | Repayment of Debt | (440,000) | (687,000) | (1,266,000) | (759,000) | (1,261,000) | | Repurchase of Capital Stock | (708,000) | (61,000) | (13,000) | - | (3,000) | | Payment of Cash Dividends | (364,000) | (365,000) | (360,000) | (354,000) | (346,000) | | Other Financing Charges, Net | (6,000) | (10,000) | (6,000) | (9,000) | - | | Cash from Financing Activities | (1,468,000) | (203,000) | (167,000) | (312,000) | (1,039,000) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (13,000) | 59,000 | 32,000 | 2,000 | (79,000) | | | Cash at Beginning of Year | 136,000 | 88,000 | 56,000 | 54,000 | 133,000 | | Cash at End of Period | 123,000 | 147,000 | 88,000 | 56,000 | 54,000 | | | |
