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
(Unaudited, in millions, except per share amounts)
| Three Months Ended December 31, |
Year Ended December 31, |
|||||||||||||||
| 2010 | 2009 | 2010 | 2009 | |||||||||||||
| Operating Revenues: |
||||||||||||||||
| Electric |
$ | 1,381 | $ | 1,327 | $ | 6,521 | $ | 5,940 | ||||||||
| Gas |
325 | 357 | 1,117 | 1,195 | ||||||||||||
| Total operating revenues |
1,706 | 1,684 | 7,638 | 7,135 | ||||||||||||
| Operating Expenses: |
||||||||||||||||
| Fuel |
350 | 274 | 1,323 | 1,141 | ||||||||||||
| Purchased power |
191 | 201 | 1,106 | 909 | ||||||||||||
| Gas purchased for resale |
202 | 226 | 669 | 749 | ||||||||||||
| Other operations and maintenance |
457 | 443 | 1,821 | 1,768 | ||||||||||||
| Goodwill and other impairment losses |
- | 2 | 589 | 7 | ||||||||||||
| Depreciation and amortization |
194 | 184 | 765 | 725 | ||||||||||||
| Taxes other than income taxes |
114 | 109 | 449 | 420 | ||||||||||||
| Total operating expenses |
1,508 | 1,439 | 6,722 | 5,719 | ||||||||||||
| Operating Income |
198 | 245 | 916 | 1,416 | ||||||||||||
| Other Income and Expenses: |
||||||||||||||||
| Miscellaneous income |
20 | 22 | 90 | 71 | ||||||||||||
| Miscellaneous expense |
14 | 9 | 33 | 23 | ||||||||||||
| Total other income |
6 | 13 | 57 | 48 | ||||||||||||
| Interest Charges |
120 | 132 | 497 | 508 | ||||||||||||
| Income Before Income Taxes |
84 | 126 | 476 | 956 | ||||||||||||
| Income Taxes |
30 | 44 | 325 | 332 | ||||||||||||
| Net Income |
54 | 82 | 151 | 624 | ||||||||||||
| Less: Net Income Attributable to Noncontrolling Interests |
2 | 3 | 12 | 12 | ||||||||||||
| Net Income Attributable to Ameren Corporation |
$ | 52 | $ | 79 | $ | 139 | $ | 612 | ||||||||
| Earnings per Common Share - Basic and Diluted |
$ | 0.21 | $ | 0.34 | $ | 0.58 | $ | 2.78 | ||||||||
| Average Common Shares Outstanding |
239.9 | 237.0 | 238.8 | 220.4 | ||||||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| December 31, 2010 |
December 31, 2009 |
|||||||
| ASSETS | ||||||||
| Current Assets: |
||||||||
| Cash and cash equivalents |
$ | 545 | $ | 622 | ||||
| Accounts receivable - trade, net |
500 | 424 | ||||||
| Unbilled revenue |
406 | 367 | ||||||
| Miscellaneous accounts and notes receivable |
231 | 318 | ||||||
| Materials and supplies |
707 | 782 | ||||||
| Mark-to-market derivative assets |
129 | 121 | ||||||
| Current regulatory assets |
267 | 110 | ||||||
| Other current assets |
109 | 98 | ||||||
| Total current assets |
2,894 | 2,842 | ||||||
| Property and Plant, Net |
17,853 | 17,610 | ||||||
| Investments and Other Assets: |
||||||||
| Nuclear decommissioning trust fund |
337 | 293 | ||||||
| Goodwill |
411 | 831 | ||||||
| Intangible assets |
7 | 129 | ||||||
| Regulatory assets |
1,259 | 1,342 | ||||||
| Other assets |
754 | 655 | ||||||
| Total investments and other assets |
2,768 | 3,250 | ||||||
| TOTAL ASSETS |
$ | 23,515 | $ | 23,702 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
||||||||
| Current maturities of long-term debt |
$ | 155 | $ | 204 | ||||
| Short-term debt |
269 | 20 | ||||||
| Accounts and wages payable |
651 | 694 | ||||||
| Taxes accrued |
63 | 54 | ||||||
| Interest accrued |
107 | 110 | ||||||
| Customer deposits |
100 | 101 | ||||||
| Mark-to-market derivative liabilities |
161 | 109 | ||||||
| Current regulatory liabilities |
99 | 82 | ||||||
| Other current liabilities |
283 | 337 | ||||||
| Total current liabilities |
1,888 | 1,711 | ||||||
| Credit Facility Borrowings |
460 | 830 | ||||||
| Long-term Debt, Net |
6,853 | 7,111 | ||||||
| Deferred Credits and Other Liabilities: |
||||||||
| Accumulated deferred income taxes, net |
2,886 | 2,554 | ||||||
| Accumulated deferred investment tax credits |
90 | 94 | ||||||
| Regulatory liabilities |
1,319 | 1,257 | ||||||
| Asset retirement obligations |
475 | 429 | ||||||
| Pension and other postretirement benefits |
1,045 | 1,165 | ||||||
| Other deferred credits and liabilities |
615 | 491 | ||||||
| Total deferred credits and other liabilities |
6,430 | 5,990 | ||||||
| Ameren Corporation Stockholders’ Equity: |
||||||||
| Common stock |
2 | 2 | ||||||
| Other paid-in capital, principally premium on common stock |
5,520 | 5,412 | ||||||
| Retained earnings |
2,225 | 2,455 | ||||||
| Accumulated other comprehensive loss |
(17) | (13) | ||||||
| Total Ameren Corporation stockholders’ equity |
7,730 | 7,856 | ||||||
| Noncontrolling Interests |
154 | 204 | ||||||
| Total equity |
7,884 | 8,060 | ||||||
| TOTAL LIABILITIES AND EQUITY |
$ | 23,515 | $ | 23,702 | ||||
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Year
Ended December 31, |
||||||||
| 2010 | 2009 | |||||||
| Cash Flows From Operating Activities: |
||||||||
| Net income |
$ | 151 | $ | 624 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
||||||||
| Loss on goodwill and other impairments |
589 | 7 | ||||||
| Net mark-to-market gain on derivatives |
(15) | (23) | ||||||
| Depreciation and amortization |
783 | 748 | ||||||
| Amortization of nuclear fuel |
54 | 53 | ||||||
| Amortization of debt issuance costs and premium/discounts |
23 | 25 | ||||||
| Deferred income taxes and investment tax credits, net |
302 | 402 | ||||||
| Allowance for equity funds used during construction |
(52) | (36) | ||||||
| Other |
40 | 17 | ||||||
| Changes in assets and liabilities: |
||||||||
| Receivables |
(85) | 21 | ||||||
| Materials and supplies |
78 | 67 | ||||||
| Accounts and wages payable |
27 | (42) | ||||||
| Taxes accrued |
9 | - | ||||||
| Assets, other |
(109) | (66) | ||||||
| Liabilities, other |
71 | 99 | ||||||
| Pension and other postretirement benefits |
(5) | (9) | ||||||
| Counterparty collateral, net |
(73) | (17) | ||||||
| Taum Sauk insurance recoveries, net of costs |
54 | 107 | ||||||
| Net cash provided by operating activities |
1,842 | 1,977 | ||||||
| Cash Flows From Investing Activities: |
||||||||
| Capital expenditures |
(1,031) | (1,704) | ||||||
| Nuclear fuel expenditures |
(90) | (80) | ||||||
| Purchases of securities - nuclear decommissioning trust fund |
(271) | (383) | ||||||
| Sales of securities - nuclear decommissioning trust fund |
256 | 380 | ||||||
| Other |
24 | (2) | ||||||
| Net cash used in investing activities |
(1,112) | (1,789) | ||||||
| Cash Flows From Financing Activities: |
||||||||
| Dividends on common stock |
(368) | (338) | ||||||
| Dividends paid to noncontrolling interest holders |
(8) | (21) | ||||||
| Capital issuance costs |
(15) | (65) | ||||||
| Short-term and credit facility borrowings, net |
(121) | (324) | ||||||
| Redemptions, repurchases, and maturities: |
||||||||
| Long-term debt |
(310) | (631) | ||||||
| Preferred stock |
(52) | - | ||||||
| Issuances: |
||||||||
| Common stock |
80 | 634 | ||||||
| Long-term debt |
- | 1,021 | ||||||
| Generator advances received for construction, net of repayments |
(13) | 66 | ||||||
| Net cash provided by (used in) financing activities |
(807) | 342 | ||||||
| Net change in cash and cash equivalents |
(77) | 530 | ||||||
| Cash and cash equivalents at beginning of year |
622 | 92 | ||||||
| Cash and cash equivalents at end of year |
$ | 545 | $ | 622 | ||||