DTE on NYSE
Dollar Thrifty Automotive Group
Logo: https://freebiesupply.com/logos/dollar-thrifty-automotive-group-logo/, Non-free logo, via Wikipedia4
Former holding company
Dollar Thrifty Automotive Group is the former holding company of Thrifty Car Rental and Dollar Rent A Car. Dollar Thrifty Automotive began to operate as an independent car rental subsidiary of the Chrysler Corporation on November 4, 1997 while continuing to support its two brands, Dollar Rent A Car and Thrifty Car Rental.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 18, 2026.
Overview
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- TickerDTE on NYSE1
- Industrytourism industry1
- HeadquartersTulsa1
- Websitewww.dollar.com
- Legal formcorporation1
- Incorporated inMI5
- Business addressOne Energy Plaza, Detroit, Mi 482265
- Filer categoryLarge accelerated filer5
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Dollar Thrifty Automotive Group is the former holding company of Thrifty Car Rental and Dollar Rent A Car. Dollar Thrifty Automotive began to operate as an independent car rental subsidiary of the Chrysler Corporation on November 4, 1997 while continuing to support its two brands, Dollar Rent A Car and Thrifty Car Rental. It was acquired by The Hertz Corporation for US$2.3 billion on November 19, 2012.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement in the latest annual report, as filed.11
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Utility operations | $8.8B | $8.0B | $7.5B |
| Non-utility operations | $7.0B | $4.5B | $5.3B |
| Operating Revenues | $15.8B | $12.5B | $12.7B |
| Fuel, purchased power, and gas utility | $2.2B | $2.0B | $1.8B |
| Fuel, purchased power, gas, and other non-utility | $6.4B | $3.9B | $4.4B |
| Operation and maintenance | $2.4B | $2.3B | $2.2B |
| Depreciation and amortization | $1.8B | $1.7B | $1.6B |
| Taxes other than income | $529.0M | $487.0M | $462.0M |
| Asset (gains) losses and impairments, net | $49.0M | $28.0M | $16.0M |
| Operating Expenses | $13.4B | $10.4B | $10.5B |
| Operating Income | $2.4B | $2.1B | $2.2B |
| Interest expense | $1.1B | $951.0M | $791.0M |
| Interest income | -$103.0M | -$136.0M | -$57.0M |
| Non-operating retirement benefits, net | $0 | $0 | $9.0M |
| Other income | -$230.0M | -$167.0M | -$102.0M |
| Other expenses | $101.0M | $73.0M | $36.0M |
| Other (Income) and Deductions | $824.0M | $721.0M | $677.0M |
| Income Before Income Taxes | $1.6B | $1.4B | $1.6B |
| Income Tax Expense (Benefit) at Effective Tax Rate | $88.0M | -$34.0M | $169.0M |
| Net Income Attributable to DTE Energy Company/DTE Electric Company | $1.5B | $1.4B | $1.4B |
| Net Income Attributable to DTE Energy Company (in dollars per share) | $7.04 | $6.78 | $6.77 |
| Net Income Attributable to DTE Energy Company (in dollars per share) | $7.03 | $6.77 | $6.76 |
| Basic (in shares) | 207.0M shares | 207.0M shares | 206.0M shares |
| Diluted (in shares) | 207.0M shares | 207.0M shares | 206.0M shares |
Every line of the balance sheet in the latest annual report, as filed.11
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $208.0M | $24.0M | |
| Restricted cash | $42.0M | $64.0M | |
| Customer | $2.0B | $1.7B | |
| Other | $118.0M | $137.0M | |
| Fuel and gas | $381.0M | $443.0M | |
| Materials, supplies, and other | $994.0M | $802.0M | |
| Derivative assets | $143.0M | $162.0M | |
| Regulatory assets | $170.0M | $50.0M | |
| Other | $261.0M | $235.0M | |
| Total Current Assets | $4.3B | $3.6B | |
| Nuclear decommissioning trust funds | $2.6B | $2.3B | |
| Investments in equity method investees | $122.0M | $128.0M | $166.0M |
| Other | $194.0M | $176.0M | |
| Total Investments | $2.9B | $2.6B | |
| Property, plant, and equipment | $44.6B | $40.8B | |
| Accumulated depreciation and amortization | -$11.0B | -$9.9B | |
| Total Property | $33.7B | $30.9B | |
| Goodwill | $2.0B | $2.0B | $2.0B |
| Regulatory assets | $7.4B | $6.8B | |
| Securitized regulatory assets | $619.0M | $690.0M | |
| Intangible assets | $188.0M | $144.0M | |
| Notes receivable | $1.5B | $898.0M | |
| Derivative assets | $89.0M | $85.0M | |
| Prepaid postretirement costs | $761.0M | $705.0M | |
| Operating lease right-of-use assets | $271.0M | $188.0M | |
| Other | $441.0M | $312.0M | |
| Total Other Assets | $13.2B | $11.8B | |
| Total Assets | $54.1B | $48.8B | $44.8B |
| Accounts payable | $1.8B | $1.4B | |
| Accrued interest | $273.0M | $224.0M | |
| Dividends payable | $242.0M | $226.0M | |
| Short-term borrowings | $882.0M | $1.1B | |
| Current portion long-term debt, including securitization bonds and finance leases | $1.4B | $1.3B | |
| Derivative liabilities | $86.0M | $118.0M | |
| Regulatory liabilities | $107.0M | $181.0M | |
| Operating lease liabilities | $32.0M | $21.0M | |
| Other | $678.0M | $586.0M | |
| Total Current Liabilities | $5.4B | $5.1B | |
| Mortgage bonds, notes, and other | $21.7B | $19.2B | |
| Securitization bonds | $561.0M | $635.0M | |
| Junior subordinated debentures | $1.5B | $884.0M | |
| Finance lease obligations | $14.0M | $18.0M | |
| Total Long-Term Debt (net of current portion) | $23.8B | $20.7B | |
| Deferred income taxes | $3.4B | $3.0B | |
| Regulatory liabilities | $2.9B | $2.9B | |
| Asset retirement obligations | $4.5B | $4.0B | |
| Unamortized investment tax credit | $402.0M | $269.0M | |
| Derivative liabilities | $66.0M | $57.0M | |
| Accrued pension liability | $235.0M | $214.0M | |
| Accrued postretirement liability | $247.0M | $233.0M | |
| Nuclear decommissioning | $405.0M | $353.0M | |
| Operating lease liabilities | $235.0M | $167.0M | |
| Other | $224.0M | $208.0M | |
| Total Other Liabilities | $12.6B | $11.3B | |
| Common stock (No par value, 400,000,000 shares authorized, and 207,745,154 and 207,171,582 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively) | $6.9B | $6.8B | |
| Retained earnings | $5.5B | $4.9B | |
| Accumulated other comprehensive loss | -$39.0M | -$26.0M | |
| Total DTE Energy Company/DTE Electric Company Equity | $12.3B | $11.7B | |
| Noncontrolling interests | $5.0M | $5.0M | |
| Total Equity | $12.3B | $11.7B | $11.1B |
| Total Liabilities and Equity | $54.1B | $48.8B | |
| Accounts receivable less allowance for doubtful accounts | $60.0M | $70.0M | |
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | |
| Common stock, shares issued (in shares) | 207.7M shares | 207.2M shares | |
| Common stock, shares outstanding (in shares) | 207.7M shares | 207.2M shares |
Every line of the cash flow in the latest annual report, as filed.11
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income | $1.5B | $1.4B | $1.4B |
| Depreciation and amortization | $1.8B | $1.7B | $1.6B |
| Nuclear fuel amortization | $67.0M | $55.0M | $59.0M |
| Allowance for equity funds used during construction | -$105.0M | -$86.0M | -$42.0M |
| Deferred income taxes | $358.0M | $194.0M | $181.0M |
| Equity (earnings) losses of equity method investees | -$47.0M | -$15.0M | -$3.0M |
| Dividends from equity method investees | $3.0M | $3.0M | $3.0M |
| Asset (gains) losses and impairments, net | $49.0M | $28.0M | $16.0M |
| Accounts receivable, net | -$316.0M | -$40.0M | $398.0M |
| Inventories | -$127.0M | -$191.0M | -$110.0M |
| Prepaid postretirement benefit costs | -$56.0M | -$72.0M | -$62.0M |
| Accounts payable | $255.0M | $45.0M | -$306.0M |
| Accrued pension liability | $21.0M | -$136.0M | -$28.0M |
| Accrued postretirement liability | $14.0M | -$68.0M | $14.0M |
| Derivative assets and liabilities | $6.0M | $25.0M | -$321.0M |
| Regulatory assets and liabilities | $24.0M | $586.0M | $594.0M |
| Other current and noncurrent assets and liabilities | -$40.0M | $179.0M | -$176.0M |
| Net cash from operating activities | $3.4B | $3.6B | $3.2B |
| Plant and equipment expenditures utility | -$4.3B | -$4.4B | -$3.9B |
| Plant and equipment expenditures non-utility | -$86.0M | -$68.0M | -$62.0M |
| Acquisition related to business combination, net of cash acquired | -$210.0M | $0 | $0 |
| Proceeds from sale of assets | $32.0M | $46.0M | $3.0M |
| Proceeds from sale of nuclear decommissioning trust fund assets | $717.0M | $555.0M | $681.0M |
| Investment in nuclear decommissioning trust funds | -$719.0M | -$559.0M | -$678.0M |
| Distributions from equity method investees | $18.0M | $30.0M | $25.0M |
| Contributions to equity method investees | -$1.0M | -$27.0M | -$27.0M |
| Investment in notes receivable | -$600.0M | -$479.0M | -$109.0M |
| Principal collections on notes receivable | $22.0M | $30.0M | $23.0M |
| Investment in time deposits | $0 | -$1.1B | $0 |
| Redemption of time deposits | $0 | $1.1B | $0 |
| Other | -$134.0M | -$80.0M | -$79.0M |
| Net cash used for investing activities | -$5.3B | -$5.0B | -$4.1B |
| Issuance of long-term debt, net of discount and issuance costs | $4.4B | $4.5B | $3.2B |
| Redemption of long-term debt | -$1.3B | -$2.1B | -$1.6B |
| Short-term borrowings, net | -$185.0M | -$216.0M | $121.0M |
| Dividends paid on common stock | -$871.0M | -$810.0M | -$752.0M |
| Other | -$25.0M | -$23.0M | -$37.0M |
| Net cash from financing activities | $2.1B | $1.3B | $883.0M |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | $162.0M | $37.0M | $8.0M |
| Interest, net of interest capitalized | $978.0M | $869.0M | $751.0M |
| Plant and equipment expenditures in accounts payable | $570.0M | $454.0M | $490.0M |
Compare Dollar Thrifty Automotive Group with another company
Products and brands
From 1990 to 2009, Dollar Thrifty Automotive primarily rented Chrysler, Dodge, and Jeep vehicles to customers within the United States. Some locations featured Mazda, Nissan, and Toyota models as well. In October 2009, it was announced the company would move away from use of Chrysler Group vehicles with hope to better diversify its rental fleet. It was announced the fleet would now include Ford Motor Company, General Motors, Nissan, Hyundai, Kia, Chrysler, and other vehicles. This fleet expansion helped Dollar Thrifty shares on the New York Stock Exchange rise to a 52-week high of $27.50 before closing at $26.33 – up 0.57%.
From Wikipedia’s article on Dollar Thrifty Automotive Group, shared under CC BY-SA 4.0.6
Subsidiaries and ownership
Parent company
Owners
From Wikidata.1
Acquisitions
In 2009, Hertz Global Holdings made an initial offer to purchase the Tulsa-based car rental company for $41 per share. By April 2010, negotiations had led Hertz to an offer of US$1.27 billion, which was increased to US$1.5 billion, but was rejected a third time by Dollar Thrifty shareholders. In July 2011, Hertz's bid was increased to US$1.91 billion, competing against rival Avis Budget Group's offer of US$1.55 billion. Finally, on November 19, 2012, Hertz Global Holdings former chairman and CEO Mark P. Frissora announced the company's purchase of Dollar Thrifty Automotive Group for US$2.3 billion.
The Dollar Thrifty Automotive Group was separated into two subsidiaries, Thrifty Car Rental and Dollar Rent A Car, under the Hertz Corporation. Each operates with its own sales, marketing, rental fleets, and franchise locations from Hertz's headquarters in Estero, Florida under president and CEO Kathryn V. Marinello.
From Wikipedia’s article on Dollar Thrifty Automotive Group, shared under CC BY-SA 4.0.6
Former names
- DTE HOLDINGS INCMar 9, 1995 to Feb 1, 19955
Timeline
- Nov 4, 1997Founded Founded1
Recent filings
- Oct 2, 20264
- Oct 2, 20264
- Sep 28, 20268-K
- Sep 8, 20268-K
- Sep 4, 20268-K
- Sep 3, 20264
- Sep 1, 2026144
- Aug 12, 2026SCHEDULE 13G/A
- Jul 31, 20268-K
- Jul 28, 20268-K
- Jul 28, 202610-Q
- Jul 2, 20264
- Jul 2, 20264
- Jun 30, 20263
- Jun 30, 20263
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.dollar.com1
- WikipediaDollar Thrifty Automotive Group
- WikidataQ1235669
- SEC EDGARCIK 936340
Sources
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