Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMEREN CORP | d249740d8k.htm |
| EX-99.1 - PRESS RELEASE - AMEREN CORP | d249740dex991.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
| Three Months Ended September 30, |
Nine Months Ended September 30, |
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| 2011 | 2010 | 2011 | 2010 | |||||||||||||
| Operating Revenues: |
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| Electric |
$ | 2,138 | $ | 2,133 | $ | 5,222 | $ | 5,140 | ||||||||
| Gas |
130 | 134 | 731 | 792 | ||||||||||||
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| Total operating revenues |
2,268 | 2,267 | 5,953 | 5,932 | ||||||||||||
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| Operating Expenses: |
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| Fuel |
467 | 394 | 1,217 | 973 | ||||||||||||
| Purchased power |
332 | 376 | 796 | 915 | ||||||||||||
| Gas purchased for resale |
46 | 51 | 413 | 467 | ||||||||||||
| Other operations and maintenance |
432 | 455 | 1,368 | 1,357 | ||||||||||||
| Goodwill, impairment and other charges |
124 | 589 | 126 | 589 | ||||||||||||
| Depreciation and amortization |
196 | 194 | 585 | 571 | ||||||||||||
| Taxes other than income taxes |
121 | 119 | 355 | 342 | ||||||||||||
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| Total operating expenses |
1,718 | 2,178 | 4,860 | 5,214 | ||||||||||||
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| Operating Income |
550 | 89 | 1,093 | 718 | ||||||||||||
| Other Income and Expenses: |
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| Miscellaneous income |
18 | 24 | 51 | 70 | ||||||||||||
| Miscellaneous expense |
5 | 10 | 15 | 19 | ||||||||||||
| Total other income |
13 | 14 | 36 | 51 | ||||||||||||
| Interest Charges |
113 | 130 | 336 | 377 | ||||||||||||
| Income (Loss) Before Income Taxes |
450 | (27 | ) | 793 | 392 | |||||||||||
| Income Taxes |
163 | 137 | 293 | 295 | ||||||||||||
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| Net Income (Loss) |
287 | (164 | ) | 500 | 97 | |||||||||||
| Less: Net Income Attributable to Noncontrolling Interests |
2 | 3 | 6 | 10 | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation |
$ | 285 | $ | (167 | ) | $ | 494 | $ | 87 | |||||||
| Earnings (Loss) per Common Share - Basic and Diluted |
$ | 1.18 | $ | (0.70 | ) | $ | 2.05 | $ | 0.37 | |||||||
| Average Common Shares Outstanding |
241.7 | 239.3 | 241.2 | 238.4 | ||||||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| September 30, | December 31, | |||||||
| 2011 | 2010 | |||||||
| ASSETS |
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| Current Assets: |
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| Cash and cash equivalents |
$ | 522 | $ | 545 | ||||
| Accounts receivable - trade, net |
575 | 517 | ||||||
| Unbilled revenue |
292 | 406 | ||||||
| Miscellaneous accounts and notes receivable |
147 | 214 | ||||||
| Materials and supplies |
734 | 707 | ||||||
| Mark-to-market derivative assets |
94 | 129 | ||||||
| Current regulatory assets |
184 | 267 | ||||||
| Other current assets |
132 | 109 | ||||||
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| Total current assets |
2,680 | 2,894 | ||||||
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| Property and Plant, Net |
17,873 | 17,853 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
330 | 337 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
6 | 7 | ||||||
| Regulatory assets |
1,213 | 1,263 | ||||||
| Other assets |
843 | 750 | ||||||
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| Total investments and other assets |
2,803 | 2,768 | ||||||
| TOTAL ASSETS |
$ | 23,356 | $ | 23,515 | ||||
| LIABILITIES AND EQUITY |
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| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 178 | $ | 155 | ||||
| Short-term debt |
350 | 269 | ||||||
| Accounts and wages payable |
410 | 651 | ||||||
| Taxes accrued |
161 | 63 | ||||||
| Interest accrued |
159 | 107 | ||||||
| Customer deposits |
98 | 100 | ||||||
| Mark-to-market derivative liabilities |
118 | 161 | ||||||
| Current regulatory liabilities |
123 | 99 | ||||||
| Other current liabilities |
251 | 283 | ||||||
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| Total current liabilities |
1,848 | 1,888 | ||||||
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| Credit Facility Borrowings |
– | 460 | ||||||
| Long-term Debt, Net |
6,682 | 6,853 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,299 | 2,886 | ||||||
| Accumulated deferred investment tax credits |
81 | 90 | ||||||
| Regulatory liabilities |
1,464 | 1,319 | ||||||
| Asset retirement obligations |
439 | 475 | ||||||
| Pension and other postretirement benefits |
922 | 1,045 | ||||||
| Other deferred credits and liabilities |
469 | 615 | ||||||
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| Total deferred credits and other liabilities |
6,674 | 6,430 | ||||||
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| Ameren Corporation Stockholders’ Equity: |
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| Common stock |
2 | 2 | ||||||
| Other paid-in capital, principally premium on common stock |
5,580 | 5,520 | ||||||
| Retained earnings |
2,440 | 2,225 | ||||||
| Accumulated other comprehensive loss |
(25 | ) | (17 | ) | ||||
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| Total Ameren Corporation stockholders’ equity |
7,997 | 7,730 | ||||||
| Noncontrolling Interests |
155 | 154 | ||||||
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| Total equity |
8,152 | 7,884 | ||||||
| TOTAL LIABILITIES AND EQUITY |
$ | 23,356 | $ | 23,515 | ||||
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Nine Months Ended | ||||||||
| September 30, | ||||||||
| 2011 | 2010 | |||||||
| Cash Flows From Operating Activities: |
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| Net income |
$ | 500 | $ | 97 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
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| Goodwill, impairment and other charges |
126 | 589 | ||||||
| Gain on sales of properties |
(12 | ) | (5) | |||||
| Net mark-to-market (gain) loss on derivatives |
15 | (27) | ||||||
| Depreciation and amortization |
587 | 588 | ||||||
| Amortization of nuclear fuel |
51 | 36 | ||||||
| Amortization of debt issuance costs and premium/discounts |
17 | 19 | ||||||
| Deferred income taxes and investment tax credits, net |
380 | 409 | ||||||
| Allowance for equity funds used during construction |
(25 | ) | (40) | |||||
| Other |
8 | 13 | ||||||
| Changes in assets and liabilities: |
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| Receivables |
52 | (154) | ||||||
| Materials and supplies |
(34 | ) | 39 | |||||
| Accounts and wages payable |
(191 | ) | (170) | |||||
| Taxes accrued |
94 | 99 | ||||||
| Assets, other |
64 | (107) | ||||||
| Liabilities, other |
(4 | ) | 89 | |||||
| Pension and other postretirement benefits |
(98 | ) | (12) | |||||
| Counterparty collateral, net |
37 | (24) | ||||||
| Taum Sauk insurance recoveries, net of costs |
(1 | ) | 57 | |||||
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| Net cash provided by operating activities |
1,566 | 1,496 | ||||||
| Cash Flows From Investing Activities: |
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| Capital expenditures |
(758 | ) | (757) | |||||
| Nuclear fuel expenditures |
(45 | ) | (24) | |||||
| Purchases of securities - nuclear decommissioning trust fund |
(163 | ) | (207) | |||||
| Sales of securities - nuclear decommissioning trust fund |
147 | 195 | ||||||
| Proceeds from sales of properties |
50 | 20 | ||||||
| Other |
12 | (3) | ||||||
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| Net cash used in investing activities |
(757 | ) | (776) | |||||
| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(279 | ) | (276) | |||||
| Capital issuance costs |
– | (15) | ||||||
| Dividends paid to noncontrolling interest holders |
(5 | ) | (7) | |||||
| Short-term debt and credit facility repayments, net |
(379 | ) | (325) | |||||
| Redemptions, repurchases, and maturities: |
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| Long-term debt |
(150 | ) | (106) | |||||
| Preferred stock |
– | (52) | ||||||
| Issuances of common stock |
49 | 60 | ||||||
| Generator advances for construction refunded, net of receipts |
(73 | ) | (18) | |||||
| Other |
5 | 5 | ||||||
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| Net cash used in financing activities |
(832 | ) | (734) | |||||
| Net change in cash and cash equivalents |
(23 | ) | (14) | |||||
| Cash and cash equivalents at beginning of year |
545 | 622 | ||||||
| Cash and cash equivalents at end of period |
$ | 522 | $ | 608 | ||||