Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMEREN CORP | d8k.htm |
| EX-99.1 - PRESS RELEASE - AMEREN CORP | dex991.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
| Three Months Ended December 31, |
Year Ended December 31, | |||||||||||
| 2009 | 2008 | 2009 | 2008 | |||||||||
| Operating Revenues: |
||||||||||||
| Electric |
$ | 1,320 | $ | 1,423 | $ | 5,909 | $ | 6,367 | ||||
| Gas |
355 | 485 | 1,181 | 1,472 | ||||||||
| Total operating revenues |
1,675 | 1,908 | 7,090 | 7,839 | ||||||||
| Operating Expenses: |
||||||||||||
| Fuel |
274 | 372 | 1,141 | 1,275 | ||||||||
| Purchased power |
201 | 246 | 909 | 1,210 | ||||||||
| Gas purchased for resale |
226 | 360 | 749 | 1,057 | ||||||||
| Other operations and maintenance |
444 | 496 | 1,738 | 1,857 | ||||||||
| Depreciation and amortization |
184 | 172 | 725 | 685 | ||||||||
| Taxes other than income taxes |
101 | 93 | 412 | 393 | ||||||||
| Total operating expenses |
1,430 | 1,739 | 5,674 | 6,477 | ||||||||
| Operating Income |
245 | 169 | 1,416 | 1,362 | ||||||||
| Other Income and Expenses: |
||||||||||||
| Miscellaneous income |
22 | 19 | 71 | 80 | ||||||||
| Miscellaneous expense |
(9) | (8) | (23) | (31) | ||||||||
| Total other income |
13 | 11 | 48 | 49 | ||||||||
| Interest Charges |
132 | 109 | 508 | 440 | ||||||||
| Income Before Income Taxes |
126 | 71 | 956 | 971 | ||||||||
| Income Taxes |
44 | 8 | 332 | 327 | ||||||||
| Net Income |
82 | 63 | 624 | 644 | ||||||||
| Less: Net Income Attributable to Noncontrolling Interests |
3 | 6 | 12 | 39 | ||||||||
| Net Income Attributable to Ameren Corporation |
$ | 79 | $ | 57 | $ | 612 | $ | 605 | ||||
| Earnings per Common Share - Basic and Diluted |
$ | 0.34 | $ | 0.27 | $ | 2.78 | $ | 2.88 | ||||
| Average Common Shares Outstanding |
237.0 | 211.5 | 220.4 | 210.1 | ||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| December 31, 2009 |
December 31, 2008 | |||||
| ASSETS | ||||||
| Current Assets: |
||||||
| Cash and cash equivalents |
$ | 622 | $ | 92 | ||
| Accounts receivable - trade, net |
434 | 516 | ||||
| Unbilled revenue |
367 | 427 | ||||
| Miscellaneous accounts and notes receivable |
308 | 315 | ||||
| Materials and supplies |
782 | 842 | ||||
| Mark-to-market derivative assets |
121 | 207 | ||||
| Other current assets |
208 | 209 | ||||
| Total current assets |
2,842 | 2,608 | ||||
| Property and Plant, Net |
17,610 | 16,567 | ||||
| Investments and Other Assets: |
||||||
| Nuclear decommissioning trust fund |
293 | 239 | ||||
| Goodwill |
831 | 831 | ||||
| Intangible assets |
129 | 167 | ||||
| Regulatory assets |
1,430 | 1,653 | ||||
| Other assets |
655 | 606 | ||||
| Total investments and other assets |
3,338 | 3,496 | ||||
| TOTAL ASSETS |
$ | 23,790 | $ | 22,671 | ||
| LIABILITIES AND EQUITY | ||||||
| Current Liabilities: |
||||||
| Current maturities of long-term debt |
$ | 204 | $ | 380 | ||
| Short-term debt |
20 | 1,174 | ||||
| Accounts and wages payable |
694 | 813 | ||||
| Taxes accrued |
54 | 54 | ||||
| Interest accrued |
110 | 107 | ||||
| Customer deposits |
101 | 126 | ||||
| Mark-to-market derivative liabilities |
109 | 155 | ||||
| Other current liabilities |
419 | 268 | ||||
| Total current liabilities |
1,711 | 3,077 | ||||
| Credit Facility Borrowings |
830 | – | ||||
| Long-term Debt, Net |
7,113 | 6,554 | ||||
| Deferred Credits and Other Liabilities: |
||||||
| Accumulated deferred income taxes, net |
2,554 | 2,131 | ||||
| Accumulated deferred investment tax credits |
94 | 100 | ||||
| Regulatory liabilities |
1,338 | 1,291 | ||||
| Asset retirement obligations |
429 | 406 | ||||
| Accrued pension and other postretirement benefits |
1,165 | 1,495 | ||||
| Other deferred credits and liabilities |
496 | 438 | ||||
| Total deferred credits and other liabilities |
6,076 | 5,861 | ||||
| Ameren Corporation Stockholders’ Equity: |
||||||
| Common stock |
2 | 2 | ||||
| Other paid-in capital, principally premium on common stock |
5,412 | 4,780 | ||||
| Retained earnings |
2,455 | 2,181 | ||||
| Accumulated other comprehensive loss |
(16) | – | ||||
| Total Ameren Corporation stockholders’ equity |
7,853 | 6,963 | ||||
| Noncontrolling Interests |
207 | 216 | ||||
| Total equity |
8,060 | 7,179 | ||||
| TOTAL LIABILITIES AND EQUITY |
$ | 23,790 | $ | 22,671 | ||
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Year Ended December 31, | ||||||
| 2009 | 2008 | |||||
| Cash Flows From Operating Activities: |
||||||
| Net income |
$ | 624 | $ | 644 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: |
||||||
| Gain on sales of emission allowances |
(6) | (8) | ||||
| Loss on asset impairments |
7 | 14 | ||||
| Net mark-to-market gain on derivatives |
(23) | (3) | ||||
| Depreciation and amortization |
748 | 705 | ||||
| Amortization of nuclear fuel |
53 | 37 | ||||
| Amortization of debt issuance costs and premium/discounts |
25 | 20 | ||||
| Deferred income taxes and investment tax credits, net |
402 | 167 | ||||
| Other |
(17) | (9) | ||||
| Changes in assets and liabilities: |
||||||
| Receivables |
21 | 12 | ||||
| Materials and supplies |
67 | (100) | ||||
| Accounts and wages payable |
(42) | 57 | ||||
| Taxes accrued |
– | (30) | ||||
| Assets, other |
(66) | 83 | ||||
| Liabilities, other |
103 | 113 | ||||
| Pension and other postretirement benefit obligations |
(9) | (4) | ||||
| Counterparty collateral, net |
(17) | (25) | ||||
| Taum Sauk costs, net of insurance recoveries |
107 | (149) | ||||
| Net cash provided by operating activities |
1,977 | 1,524 | ||||
| Cash Flows From Investing Activities: |
||||||
| Capital expenditures |
(1,704) | (1,896) | ||||
| Nuclear fuel expenditures |
(80) | (173) | ||||
| Purchases of securities - nuclear decommissioning trust fund |
(383) | (520) | ||||
| Sales of securities - nuclear decommissioning trust fund |
380 | 497 | ||||
| Purchases of emission allowances |
(4) | (14) | ||||
| Sales of emission allowances |
– | 6 | ||||
| Other |
2 | 3 | ||||
| Net cash used in investing activities |
(1,789) | (2,097) | ||||
| Cash Flows From Financing Activities: |
||||||
| Dividends on common stock |
(338) | (534) | ||||
| Capital issuance costs |
(65) | (12) | ||||
| Short-term and credit facility borrowings, net |
(324) | (298) | ||||
| Dividends paid to noncontrolling interest holders |
(21) | (40) | ||||
| Redemptions, repurchases, and maturities: |
||||||
| Long-term debt |
(631) | (842) | ||||
| Preferred stock |
– | (16) | ||||
| Issuances: |
||||||
| Common stock |
634 | 154 | ||||
| Long-term debt |
1,021 | 1,879 | ||||
| Generator advances received for construction, net |
66 | 19 | ||||
| Net cash provided by financing activities |
342 | 310 | ||||
| Net change in cash and cash equivalents |
530 | (263) | ||||
| Cash and cash equivalents at beginning of year |
92 | 355 | ||||
| Cash and cash equivalents at end of year |
$ | 622 | $ | 92 | ||