Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - AMEREN CORP | dex991.htm |
| 8-K - FORM 8-K - AMEREN CORP | d8k.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME (LOSS)
(Unaudited, in millions, except per share amounts)
| Three Months Ended September 30, |
Nine Months Ended September 30, |
|||||||||||||||
| 2010 | 2009 | 2010 | 2009 | |||||||||||||
| Operating Revenues: |
||||||||||||||||
| Electric |
$ | 2,122 | $ | 1,679 | $ | 5,095 | $ | 4,589 | ||||||||
| Gas |
132 | 136 | 779 | 826 | ||||||||||||
| Total operating revenues |
2,254 | 1,815 | 5,874 | 5,415 | ||||||||||||
| Operating Expenses: |
||||||||||||||||
| Fuel |
394 | 306 | 973 | 867 | ||||||||||||
| Purchased power |
376 | 256 | 915 | 708 | ||||||||||||
| Gas purchased for resale |
51 | 57 | 467 | 523 | ||||||||||||
| Other operations and maintenance |
444 | 422 | 1,306 | 1,294 | ||||||||||||
| Goodwill and other impairment losses |
589 | - | 589 | - | ||||||||||||
| Depreciation and amortization |
194 | 185 | 571 | 541 | ||||||||||||
| Taxes other than income taxes |
117 | 104 | 335 | 311 | ||||||||||||
| Total operating expenses |
2,165 | 1,330 | 5,156 | 4,244 | ||||||||||||
| Operating Income |
89 | 485 | 718 | 1,171 | ||||||||||||
| Other Income and Expenses: |
||||||||||||||||
| Miscellaneous income |
24 | 16 | 70 | 49 | ||||||||||||
| Miscellaneous expense |
10 | 3 | 19 | 14 | ||||||||||||
| Total other income |
14 | 13 | 51 | 35 | ||||||||||||
| Interest Charges |
130 | 134 | 377 | 376 | ||||||||||||
| Income (Loss) Before Income Taxes |
(27 | ) | 364 | 392 | 830 | |||||||||||
| Income Taxes |
137 | 135 | 295 | 288 | ||||||||||||
| Net Income (Loss) |
(164 | ) | 229 | 97 | 542 | |||||||||||
| Less: Net Income Attributable to Noncontrolling Interests |
3 | 2 | 10 | 9 | ||||||||||||
| Net Income (Loss) Attributable to Ameren Corporation |
$ | (167 | ) | $ | 227 | $ | 87 | $ | 533 | |||||||
| Earnings (Loss) per Common Share - Basic and Diluted |
$ | (0.70 | ) | $ | 1.04 | $ | 0.37 | $ | 2.48 | |||||||
| Average Common Shares Outstanding |
239.3 | 218.2 | 238.4 | 214.9 | ||||||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| September 30, 2010 |
December 31, 2009 |
|||||||
| ASSETS | ||||||||
| Current Assets: |
||||||||
| Cash and cash equivalents |
$ | 608 | $ | 622 | ||||
| Accounts receivable - trade, net |
496 | 424 | ||||||
| Unbilled revenue |
313 | 367 | ||||||
| Miscellaneous accounts and notes receivable |
395 | 318 | ||||||
| Materials and supplies |
746 | 782 | ||||||
| Mark-to-market derivative assets |
153 | 121 | ||||||
| Current regulatory assets |
313 | 110 | ||||||
| Other current assets |
96 | 98 | ||||||
| Total current assets |
3,120 | 2,842 | ||||||
| Property and Plant, Net |
17,655 | 17,610 | ||||||
| Investments and Other Assets: |
||||||||
| Nuclear decommissioning trust fund |
315 | 293 | ||||||
| Goodwill |
411 | 831 | ||||||
| Intangible assets |
9 | 129 | ||||||
| Regulatory assets |
1,422 | 1,430 | ||||||
| Other assets |
699 | 655 | ||||||
| Total investments and other assets |
2,856 | 3,338 | ||||||
| TOTAL ASSETS |
$ | 23,631 | $ | 23,790 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
||||||||
| Current maturities of long-term debt |
$ | 354 | $ | 204 | ||||
| Short-term debt |
125 | 20 | ||||||
| Accounts and wages payable |
414 | 694 | ||||||
| Taxes accrued |
153 | 54 | ||||||
| Interest accrued |
174 | 110 | ||||||
| Customer deposits |
99 | 101 | ||||||
| Mark-to-market derivative liabilities |
188 | 109 | ||||||
| Current accumulated deferred income taxes, net |
107 | 38 | ||||||
| Other current liabilities |
300 | 381 | ||||||
| Total current liabilities |
1,914 | 1,711 | ||||||
| Credit Facility Borrowings |
400 | 830 | ||||||
| Long-term Debt, Net |
6,859 | 7,113 | ||||||
| Deferred Credits and Other Liabilities: |
||||||||
| Accumulated deferred income taxes, net |
2,941 | 2,554 | ||||||
| Accumulated deferred investment tax credits |
90 | 94 | ||||||
| Regulatory liabilities |
1,373 | 1,345 | ||||||
| Asset retirement obligations |
448 | 429 | ||||||
| Pension and other postretirement benefits |
1,076 | 1,165 | ||||||
| Other deferred credits and liabilities |
621 | 489 | ||||||
| Total deferred credits and other liabilities |
6,549 | 6,076 | ||||||
| Ameren Corporation Stockholders’ Equity: |
||||||||
| Common stock |
2 | 2 | ||||||
| Other paid-in capital, principally premium on common stock |
5,496 | 5,412 | ||||||
| Retained earnings |
2,266 | 2,455 | ||||||
| Accumulated other comprehensive loss |
(10) | (13) | ||||||
| Total Ameren Corporation stockholders’ equity |
7,754 | 7,856 | ||||||
| Noncontrolling Interests |
155 | 204 | ||||||
| Total equity |
7,909 | 8,060 | ||||||
| TOTAL LIABILITIES AND EQUITY |
$ | 23,631 | $ | 23,790 | ||||
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Nine Months Ended September 30, |
||||||||
| 2010 | 2009 | |||||||
| Cash Flows From Operating Activities: |
||||||||
| Net income |
$ | 97 | $ | 542 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
||||||||
| Goodwill and other impairment losses |
589 | - | ||||||
| Net mark-to-market gain on derivatives |
(27 | ) | (26 | ) | ||||
| Depreciation and amortization |
588 | 557 | ||||||
| Amortization of nuclear fuel |
36 | 40 | ||||||
| Amortization of debt issuance costs and premium/discounts |
19 | 16 | ||||||
| Deferred income taxes and investment tax credits, net |
409 | 301 | ||||||
| Other |
(23 | ) | 5 | |||||
| Changes in assets and liabilities: |
||||||||
| Receivables |
(152 | ) | 174 | |||||
| Materials and supplies |
39 | (11 | ) | |||||
| Accounts and wages payable |
(170 | ) | (241 | ) | ||||
| Taxes accrued |
99 | 81 | ||||||
| Assets, other |
(111 | ) | (50 | ) | ||||
| Liabilities, other |
90 | 124 | ||||||
| Pension and other postretirement benefits |
(12 | ) | 30 | |||||
| Counterparty collateral, net |
(24 | ) | 44 | |||||
| Taum Sauk insurance recoveries, net of costs |
57 | 110 | ||||||
| Net cash provided by operating activities |
1,504 | 1,696 | ||||||
| Cash Flows From Investing Activities: |
||||||||
| Capital expenditures |
(746 | ) | (1,295 | ) | ||||
| Nuclear fuel expenditures |
(35 | ) | (47 | ) | ||||
| Purchases of securities - nuclear decommissioning trust fund |
(207 | ) | (315 | ) | ||||
| Sales of securities - nuclear decommissioning trust fund |
195 | 315 | ||||||
| Purchases of emission allowances |
- | (4 | ) | |||||
| Proceeds from sale of property interests |
18 | - | ||||||
| Other |
(1 | ) | 1 | |||||
| Net cash used in investing activities |
(776 | ) | (1,345 | ) | ||||
| Cash Flows From Financing Activities: |
||||||||
| Dividends on common stock |
(276 | ) | (247 | ) | ||||
| Capital issuance costs |
(15 | ) | (64 | ) | ||||
| Dividends paid to noncontrolling interest holders |
(7 | ) | (19 | ) | ||||
| Short-term and credit facility borrowings, net |
(325 | ) | (739 | ) | ||||
| Redemptions, repurchases, and maturities: |
||||||||
| Long-term debt |
(106 | ) | (250 | ) | ||||
| Preferred stock |
(52 | ) | - | |||||
| Issuances: |
||||||||
| Common stock |
60 | 617 | ||||||
| Long-term debt |
- | 772 | ||||||
| Generator advances for construction received (refunded), net |
(21 | ) | 50 | |||||
| Net cash provided by (used in) financing activities |
(742 | ) | 120 | |||||
| Net change in cash and cash equivalents |
(14 | ) | 471 | |||||
| Cash and cash equivalents at beginning of year |
622 | 92 | ||||||
| Cash and cash equivalents at end of period |
$ | 608 | $ | 563 | ||||