Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMEREN CORP | d389169d8k.htm |
| EX-99.1 - PRESS RELEASE - AMEREN CORP | d389169dex991.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME (LOSS)
(Unaudited, in millions, except per share amounts)
| Three Months Ended June 30, |
Six Months Ended June 30, |
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| 2012 | 2011 | 2012 | 2011 | |||||||||||||
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| Operating Revenues: |
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| Electric |
$ | 1,513 | $ | 1,614 | $ | 2,823 | $ | 3,084 | ||||||||
| Gas |
147 | 167 | 495 | 601 | ||||||||||||
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| Total operating revenues |
1,660 | 1,781 | 3,318 | 3,685 | ||||||||||||
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| Operating Expenses: |
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| Fuel |
346 | 371 | 673 | 750 | ||||||||||||
| Purchased power |
133 | 237 | 296 | 464 | ||||||||||||
| Gas purchased for resale |
49 | 79 | 264 | 367 | ||||||||||||
| Other operations and maintenance |
458 | 473 | 885 | 936 | ||||||||||||
| Asset impairments |
- | 2 | 628 | 2 | ||||||||||||
| Depreciation and amortization |
195 | 194 | 394 | 389 | ||||||||||||
| Taxes other than income taxes |
116 | 109 | 237 | 234 | ||||||||||||
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| Total operating expenses |
1,297 | 1,465 | 3,377 | 3,142 | ||||||||||||
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| Operating Income (Loss) |
363 | 316 | (59) | 543 | ||||||||||||
| Other Income and Expenses: |
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| Miscellaneous income |
20 | 17 | 37 | 33 | ||||||||||||
| Miscellaneous expense |
7 | 5 | 22 | 10 | ||||||||||||
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| Total other income |
13 | 12 | 15 | 23 | ||||||||||||
| Interest Charges |
112 | 104 | 225 | 223 | ||||||||||||
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| Income (Loss) Before Income Taxes |
264 | 224 | (269) | 343 | ||||||||||||
| Income Taxes (Benefit) |
54 | 85 | (76) | 130 | ||||||||||||
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| Net Income (Loss) |
210 | 139 | (193) | 213 | ||||||||||||
| Less: Net Income (Loss) Attributable to Noncontrolling Interests |
(1) | 1 | (1) | 4 | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation |
$ | 211 | $ | 138 | $ | (192) | $ | 209 | ||||||||
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| Earnings (Loss) per Common Share - Basic and Diluted |
$ | 0.87 | $ | 0.57 | $ | (0.79) | $ | 0.87 | ||||||||
| Average Common Shares Outstanding |
242.6 | 241.2 | 242.6 | 240.9 | ||||||||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| June 30, 2012 |
December 31, 2011 |
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| ASSETS | ||||||||
| Current Assets: |
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| Cash and cash equivalents |
$ | 117 | $ | 255 | ||||
| Accounts receivable - trade, net |
417 | 473 | ||||||
| Unbilled revenue |
374 | 324 | ||||||
| Miscellaneous accounts and notes receivable |
69 | 69 | ||||||
| Materials and supplies |
686 | 712 | ||||||
| Mark-to-market derivative assets |
156 | 115 | ||||||
| Current regulatory assets |
236 | 215 | ||||||
| Other current assets |
99 | 132 | ||||||
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| Total current assets |
2,154 | 2,295 | ||||||
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| Property and Plant, Net |
17,690 | 18,127 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
386 | 357 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
12 | 7 | ||||||
| Regulatory assets |
1,551 | 1,603 | ||||||
| Other assets |
776 | 845 | ||||||
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| Total investments and other assets |
3,136 | 3,223 | ||||||
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| TOTAL ASSETS |
$ | 22,980 | $ | 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 |
30 | 148 | ||||||
| Accounts and wages payable |
479 | 693 | ||||||
| Taxes accrued |
141 | 65 | ||||||
| Interest accrued |
113 | 101 | ||||||
| Customer deposits |
97 | 98 | ||||||
| Mark-to-market derivative liabilities |
198 | 161 | ||||||
| Current regulatory liabilities |
145 | 133 | ||||||
| Other current liabilities |
221 | 207 | ||||||
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| Total current liabilities |
1,603 | 1,785 | ||||||
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| Long-term Debt, Net |
6,678 | 6,677 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,199 | 3,315 | ||||||
| Accumulated deferred investment tax credits |
75 | 79 | ||||||
| Regulatory liabilities |
1,470 | 1,502 | ||||||
| Asset retirement obligations |
440 | 428 | ||||||
| Pension and other postretirement benefits |
1,251 | 1,344 | ||||||
| Other deferred credits and liabilities |
564 | 447 | ||||||
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| Total deferred credits and other liabilities |
6,999 | 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 |
5,600 | 5,598 | ||||||
| Retained earnings |
1,983 | 2,369 | ||||||
| Accumulated other comprehensive loss |
(30) | (50) | ||||||
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| Total Ameren Corporation stockholders’ equity |
7,555 | 7,919 | ||||||
| Noncontrolling Interests |
145 | 149 | ||||||
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| Total equity |
7,700 | 8,068 | ||||||
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| TOTAL LIABILITIES AND EQUITY |
$ | 22,980 | $ | 23,645 | ||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Six Months Ended June 30, |
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| 2012 | 2011 | |||||||
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| Cash Flows From Operating Activities: |
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| Net income (loss) |
$ | (193) | $ | 213 | ||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
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| Loss on asset impairments |
628 | 2 | ||||||
| Net gain on sales of properties |
(9) | (11) | ||||||
| Net mark-to-market (gain) loss on derivatives |
11 | (5) | ||||||
| Depreciation and amortization |
373 | 373 | ||||||
| Amortization of nuclear fuel |
41 | 34 | ||||||
| Amortization of debt issuance costs and premium/discounts |
11 | 12 | ||||||
| Deferred income taxes and investment tax credits, net |
(100) | 143 | ||||||
| Allowance for equity funds used during construction |
(17) | (15) | ||||||
| Other |
8 | - | ||||||
| Changes in assets and liabilities: |
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| Receivables |
(9) | 23 | ||||||
| Materials and supplies |
27 | 55 | ||||||
| Accounts and wages payable |
(146) | (134) | ||||||
| Taxes accrued |
75 | 76 | ||||||
| Assets, other |
11 | 82 | ||||||
| Liabilities, other |
72 | (3) | ||||||
| Pension and other postretirement benefits |
24 | 31 | ||||||
| Counterparty collateral, net |
(2) | 23 | ||||||
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| Net cash provided by operating activities |
805 | 899 | ||||||
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| Cash Flows From Investing Activities: |
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| Capital expenditures |
(565) | (507) | ||||||
| Nuclear fuel expenditures |
(52) | (33) | ||||||
| Purchases of securities - nuclear decommissioning trust fund |
(206) | (125) | ||||||
| Sales of securities - nuclear decommissioning trust fund |
169 | 113 | ||||||
| Proceeds from sales of properties |
18 | 49 | ||||||
| Other |
(2) | 9 | ||||||
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| Net cash used in investing activities |
(638) | (494) | ||||||
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| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(187) | (186) | ||||||
| Dividends paid to noncontrolling interest holders |
(3) | (3) | ||||||
| Short-term debt and credit facility repayments, net |
(118) | (192) | ||||||
| Maturities of long-term debt |
- | (150) | ||||||
| Generator advances received for construction |
3 | - | ||||||
| Repayments of generator advances received for construction |
- | (73) | ||||||
| Issuances of common stock |
- | 32 | ||||||
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| Net cash used in financing activities |
(305) | (572) | ||||||
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| Net change in cash and cash equivalents |
(138) | (167) | ||||||
| Cash and cash equivalents at beginning of year |
255 | 545 | ||||||
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| Cash and cash equivalents at end of period |
$ | 117 | $ | 378 | ||||
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