Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMEREN CORP | d346870d8k.htm |
| EX-99.1 - PRESS RELEASE - AMEREN CORP | d346870dex991.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME (LOSS)
(Unaudited, in millions, except per share amounts)
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2012 | 2011 | |||||||
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| Operating Revenues: |
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| Electric |
$ | 1,310 | $ | 1,470 | ||||
| Gas |
348 | 434 | ||||||
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| Total operating revenues |
1,658 | 1,904 | ||||||
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| Operating Expenses: |
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| Fuel |
327 | 379 | ||||||
| Purchased power |
163 | 227 | ||||||
| Gas purchased for resale |
215 | 288 | ||||||
| Other operations and maintenance |
427 | 463 | ||||||
| Asset impairment |
628 | - | ||||||
| Depreciation and amortization |
199 | 195 | ||||||
| Taxes other than income taxes |
121 | 125 | ||||||
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| Total operating expenses |
2,080 | 1,677 | ||||||
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| Operating Income (Loss) |
(422) | 227 | ||||||
| Other Income and Expenses: |
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| Miscellaneous income |
17 | 16 | ||||||
| Miscellaneous expense |
15 | 5 | ||||||
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| Total other income |
2 | 11 | ||||||
| Interest Charges |
113 | 119 | ||||||
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| Income (Loss) Before Income Taxes (Benefit) |
(533) | 119 | ||||||
| Income Taxes (Benefit) |
(130) | 45 | ||||||
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| Net Income (Loss) |
(403) | 74 | ||||||
| Less: Net Income Attributable to Noncontrolling Interests |
- | 3 | ||||||
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| Net Income (Loss) Attributable to Ameren Corporation |
$ | (403) | $ | 71 | ||||
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| Earnings (Loss) per Common Share - Basic and Diluted |
$ | (1.66) | $ | 0.29 | ||||
| Average Common Shares Outstanding |
242.6 | 240.6 | ||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| March 31, | December 31, | |||||||
| 2012 | 2011 | |||||||
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| ASSETS | ||||||||
| Current Assets: |
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| Cash and cash equivalents |
$ | 208 | $ | 255 | ||||
| Accounts receivable - trade, net |
446 | 473 | ||||||
| Unbilled revenue |
232 | 324 | ||||||
| Miscellaneous accounts and notes receivable |
65 | 69 | ||||||
| Materials and supplies |
625 | 712 | ||||||
| Mark-to-market derivative assets |
167 | 115 | ||||||
| Current regulatory assets |
247 | 215 | ||||||
| Other current assets |
134 | 132 | ||||||
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| Total current assets |
2,124 | 2,295 | ||||||
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| Property and Plant, Net |
17,535 | 18,127 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
390 | 357 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
9 | 7 | ||||||
| Regulatory assets |
1,657 | 1,603 | ||||||
| Other assets |
773 | 845 | ||||||
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| Total investments and other assets |
3,240 | 3,223 | ||||||
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| TOTAL ASSETS |
$ | 22,899 | $ | 23,645 | ||||
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| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 179 | $ | 179 | ||||
| Short-term debt |
126 | 148 | ||||||
| Accounts and wages payable |
366 | 693 | ||||||
| Taxes accrued |
101 | 65 | ||||||
| Interest accrued |
149 | 101 | ||||||
| Customer deposits |
98 | 98 | ||||||
| Mark-to-market derivative liabilities |
220 | 161 | ||||||
| Current regulatory liabilities |
138 | 133 | ||||||
| Other current liabilities |
237 | 207 | ||||||
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| Total current liabilities |
1,614 | 1,785 | ||||||
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| Long-term Debt, Net |
6,677 | 6,677 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,111 | 3,315 | ||||||
| Accumulated deferred investment tax credits |
77 | 79 | ||||||
| Regulatory liabilities |
1,483 | 1,502 | ||||||
| Asset retirement obligations |
434 | 428 | ||||||
| Pension and other postretirement benefits |
1,357 | 1,344 | ||||||
| Other deferred credits and liabilities |
567 | 447 | ||||||
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| Total deferred credits and other liabilities |
7,029 | 7,115 | ||||||
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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 |
5,596 | 5,598 | ||||||
| Retained earnings |
1,869 | 2,369 | ||||||
| Accumulated other comprehensive loss |
(35) | (50) | ||||||
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| Total Ameren Corporation stockholders’ equity |
7,432 | 7,919 | ||||||
| Noncontrolling Interests |
147 | 149 | ||||||
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| Total equity |
7,579 | 8,068 | ||||||
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| TOTAL LIABILITIES AND EQUITY |
$ | 22,899 | $ | 23,645 | ||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2012 | 2011 | |||||||
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| Cash Flows From Operating Activities: |
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| Net income (loss) |
$ | (403) | $ | 74 | ||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
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| Loss on asset impairment |
628 | - | ||||||
| Net mark-to-market gain on derivatives |
(3) | (16) | ||||||
| Depreciation and amortization |
188 | 187 | ||||||
| Amortization of nuclear fuel |
21 | 17 | ||||||
| Amortization of debt issuance costs and premium/discounts |
5 | 5 | ||||||
| Deferred income taxes and investment tax credits, net |
(142) | (16) | ||||||
| Allowance for equity funds used during construction |
(9) | (6) | ||||||
| Other |
(5) | - | ||||||
| Changes in assets and liabilities: |
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| Receivables |
109 | 94 | ||||||
| Materials and supplies |
80 | 135 | ||||||
| Accounts and wages payable |
(220) | (213) | ||||||
| Taxes accrued |
35 | 71 | ||||||
| Assets, other |
14 | 50 | ||||||
| Liabilities, other |
64 | 80 | ||||||
| Pension and other postretirement benefits |
41 | 28 | ||||||
| Counterparty collateral, net |
(11) | 70 | ||||||
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| Net cash provided by operating activities |
392 | 560 | ||||||
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| Cash Flows From Investing Activities: |
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| Capital expenditures |
(282) | (231) | ||||||
| Nuclear fuel expenditures |
(38) | (22) | ||||||
| Purchases of securities - nuclear decommissioning trust fund |
(109) | (91) | ||||||
| Sales of securities - nuclear decommissioning trust fund |
88 | 87 | ||||||
| Proceeds from sale of property |
16 | - | ||||||
| Other |
(1) | 1 | ||||||
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| Net cash used in investing activities |
(326) | (256) | ||||||
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| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(90) | (93) | ||||||
| Dividends paid to noncontrolling interest holders |
(2) | (2) | ||||||
| Short-term debt and credit facility borrowings, net |
(22) | (125) | ||||||
| Generator advances received for construction |
1 | - | ||||||
| Repayments of generator advances received for construction |
- | (73) | ||||||
| Issuances of common stock |
- | 17 | ||||||
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| Net cash used in financing activities |
(113) | (276) | ||||||
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| Net change in cash and cash equivalents |
(47) | 28 | ||||||
| Cash and cash equivalents at beginning of year |
255 | 545 | ||||||
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| Cash and cash equivalents at end of period |
$ | 208 | $ | 573 | ||||
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| Noncash financing activity - dividends on common stock |
$ | 7 | $ | - | ||||