Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMEREN CORP | d303275d8k.htm |
| EX-99.1 - PRESS RELEASE - AMEREN CORP | d303275dex991.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, |
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| 2011 | 2010 | 2011 | 2010 | |||||||||||||
| Operating Revenues: |
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| Electric |
$ | 1,308 | $ | 1,381 | $ | 6,530 | $ | 6,521 | ||||||||
| Gas |
270 | 325 | 1,001 | 1,117 | ||||||||||||
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| Total operating revenues |
1,578 | 1,706 | 7,531 | 7,638 | ||||||||||||
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| Operating Expenses: |
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| Fuel |
350 | 350 | 1,567 | 1,323 | ||||||||||||
| Purchased power |
170 | 191 | 966 | 1,106 | ||||||||||||
| Gas purchased for resale |
157 | 202 | 570 | 669 | ||||||||||||
| Other operations and maintenance |
452 | 464 | 1,820 | 1,821 | ||||||||||||
| Goodwill, impairment and other charges |
(1) | - | 125 | 589 | ||||||||||||
| Depreciation and amortization |
200 | 194 | 785 | 765 | ||||||||||||
| Taxes other than income taxes |
102 | 107 | 457 | 449 | ||||||||||||
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| Total operating expenses |
1,430 | 1,508 | 6,290 | 6,722 | ||||||||||||
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| Operating Income |
148 | 198 | 1,241 | 916 | ||||||||||||
| Other Income and Expenses: |
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| Miscellaneous income |
18 | 20 | 69 | 90 | ||||||||||||
| Miscellaneous expense |
8 | 14 | 23 | 33 | ||||||||||||
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| Total other income |
10 | 6 | 46 | 57 | ||||||||||||
| Interest Charges |
115 | 120 | 451 | 497 | ||||||||||||
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| Income Before Income Taxes |
43 | 84 | 836 | 476 | ||||||||||||
| Income Taxes |
17 | 30 | 310 | 325 | ||||||||||||
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| Net Income |
26 | 54 | 526 | 151 | ||||||||||||
| Less: Net Income Attributable to Noncontrolling Interests |
1 | 2 | 7 | 12 | ||||||||||||
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| Net Income Attributable to Ameren Corporation |
$ | 25 | $ | 52 | $ | 519 | $ | 139 | ||||||||
| Earnings per Common Share - Basic and Diluted |
$ | 0.10 | $ | 0.21 | $ | 2.15 | $ | 0.58 | ||||||||
| Average Common Shares Outstanding |
242.3 | 239.9 | 241.5 | 238.8 | ||||||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| December 31, 2011 |
December 31, 2010 |
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| ASSETS | ||||||||
| Current Assets: |
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| Cash and cash equivalents |
$ | 255 | $ | 545 | ||||
| Accounts receivable - trade, net |
473 | 517 | ||||||
| Unbilled revenue |
324 | 406 | ||||||
| Miscellaneous accounts and notes receivable |
69 | 210 | ||||||
| Materials and supplies |
712 | 707 | ||||||
| Mark-to-market derivative assets |
115 | 129 | ||||||
| Current regulatory assets |
215 | 267 | ||||||
| Other current assets |
132 | 109 | ||||||
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| Total current assets |
2,295 | 2,890 | ||||||
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| Property and Plant, Net |
18,127 | 17,853 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
357 | 337 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
7 | 7 | ||||||
| Regulatory assets |
1,603 | 1,263 | ||||||
| Other assets |
845 | 750 | ||||||
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| Total investments and other assets |
3,223 | 2,768 | ||||||
| TOTAL ASSETS |
$ | 23,645 | $ | 23,511 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 179 | $ | 155 | ||||
| Short-term debt |
148 | 269 | ||||||
| Accounts and wages payable |
693 | 651 | ||||||
| Taxes accrued |
65 | 63 | ||||||
| Interest accrued |
101 | 107 | ||||||
| Customer deposits |
98 | 100 | ||||||
| Mark-to-market derivative liabilities |
161 | 161 | ||||||
| Current regulatory liabilities |
133 | 99 | ||||||
| Other current liabilities |
207 | 283 | ||||||
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| Total current liabilities |
1,785 | 1,888 | ||||||
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| Credit Facility Borrowings |
- | 460 | ||||||
| Long-term Debt, Net |
6,677 | 6,853 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,315 | 2,882 | ||||||
| Accumulated deferred investment tax credits |
79 | 90 | ||||||
| Regulatory liabilities |
1,502 | 1,319 | ||||||
| Asset retirement obligations |
428 | 475 | ||||||
| Pension and other postretirement benefits |
1,344 | 1,045 | ||||||
| Other deferred credits and liabilities |
447 | 615 | ||||||
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| Total deferred credits and other liabilities |
7,115 | 6,426 | ||||||
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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 |
5,598 | 5,520 | ||||||
| Retained earnings |
2,369 | 2,225 | ||||||
| Accumulated other comprehensive loss |
(50) | (17) | ||||||
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| Total Ameren Corporation stockholders’ equity |
7,919 | 7,730 | ||||||
| Noncontrolling Interests |
149 | 154 | ||||||
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| Total equity |
8,068 | 7,884 | ||||||
| TOTAL LIABILITIES AND EQUITY |
$ | 23,645 | $ | 23,511 | ||||
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Year Ended December 31, |
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| 2011 | 2010 | |||||||
| Cash Flows From Operating Activities: |
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| Net income |
$ | 526 | $ | 151 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
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| Goodwill, impairment and other charges |
125 | 589 | ||||||
| Gain on sales of properties |
(15) | (10) | ||||||
| Net mark-to-market (gain) loss on derivatives |
11 | (15) | ||||||
| Depreciation and amortization |
747 | 746 | ||||||
| Amortization of nuclear fuel |
61 | 54 | ||||||
| Amortization of debt issuance costs and premium/discounts |
21 | 23 | ||||||
| Deferred income taxes and investment tax credits, net |
346 | 410 | ||||||
| Allowance for equity funds used during construction |
(34) | (52) | ||||||
| Other |
- | 21 | ||||||
| Changes in assets and liabilities: |
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| Receivables |
231 | (197) | ||||||
| Materials and supplies |
(27) | 73 | ||||||
| Accounts and wages payable |
(36) | 20 | ||||||
| Taxes accrued |
(3) | 10 | ||||||
| Assets, other |
76 | (47) | ||||||
| Liabilities, other |
(75) | 71 | ||||||
| Pension and other postretirement benefits |
(102) | (5) | ||||||
| Counterparty collateral, net |
27 | (73) | ||||||
| Taum Sauk insurance recoveries, net of costs |
(1) | 54 | ||||||
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| Net cash provided by operating activities |
1,878 | 1,823 | ||||||
| Cash Flows From Investing Activities: |
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| Capital expenditures |
(1,030) | (1,042) | ||||||
| Nuclear fuel expenditures |
(62) | (68) | ||||||
| Purchases of securities - nuclear decommissioning trust fund |
(220) | (271) | ||||||
| Sales of securities - nuclear decommissioning trust fund |
199 | 256 | ||||||
| Proceeds from sales of properties |
53 | 27 | ||||||
| Other |
12 | 2 | ||||||
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| Net cash used in investing activities |
(1,048) | (1,096) | ||||||
| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(375) | (368) | ||||||
| Dividends paid to noncontrolling interest holders |
(6) | (8) | ||||||
| Capital issuance costs |
- | (15) | ||||||
| Short-term debt and credit facility repayments, net |
(581) | (121) | ||||||
| Redemptions, repurchases, and maturities: |
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| Long-term debt |
(155) | (310) | ||||||
| Preferred stock |
- | (52) | ||||||
| Issuances of common stock |
65 | 80 | ||||||
| Repayments of generator advances received for construction |
(73) | (39) | ||||||
| Generator advances received for construction |
5 | 29 | ||||||
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| Net cash used in financing activities |
(1,120) | (804) | ||||||
| Net change in cash and cash equivalents |
(290) | (77) | ||||||
| Cash and cash equivalents at beginning of year |
545 | 622 | ||||||
| Cash and cash equivalents at end of year |
$ | 255 | $ | 545 | ||||