Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMEREN CORP | d434699d8k.htm |
| EX-99.1 - PRESS RELEASE - AMEREN CORP | d434699dex991.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, |
|||||||||||||||
| 2012 | 2011 | 2012 | 2011 | |||||||||||||
|
|
||||||||||||||||
| Operating Revenues: |
||||||||||||||||
| Electric |
$ | 1,871 | $ | 2,138 | $ | 4,694 | $ | 5,222 | ||||||||
| Gas |
130 | 130 | 625 | 731 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total operating revenues |
2,001 | 2,268 | 5,319 | 5,953 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Operating Expenses: |
||||||||||||||||
| Fuel |
359 | 467 | 1,032 | 1,217 | ||||||||||||
| Purchased power |
236 | 332 | 532 | 796 | ||||||||||||
| Gas purchased for resale |
40 | 46 | 304 | 413 | ||||||||||||
| Other operations and maintenance |
424 | 432 | 1,309 | 1,368 | ||||||||||||
| Asset impairments and other charges |
- | 124 | 628 | 126 | ||||||||||||
| Depreciation and amortization |
188 | 196 | 582 | 585 | ||||||||||||
| Taxes other than income taxes |
119 | 121 | 356 | 355 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total operating expenses |
1,366 | 1,718 | 4,743 | 4,860 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Operating Income |
635 | 550 | 576 | 1,093 | ||||||||||||
| Other Income and Expenses: |
||||||||||||||||
| Miscellaneous income |
17 | 18 | 54 | 51 | ||||||||||||
| Miscellaneous expense |
7 | 5 | 29 | 15 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total other income |
10 | 13 | 25 | 36 | ||||||||||||
| Interest Charges |
113 | 113 | 338 | 336 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Income Before Income Taxes |
532 | 450 | 263 | 793 | ||||||||||||
| Income Taxes |
158 | 163 | 82 | 293 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Net Income |
374 | 287 | 181 | 500 | ||||||||||||
| Less: Net Income (Loss) Attributable to Noncontrolling Interests |
- | 2 | (1) | 6 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Net Income Attributable to Ameren Corporation |
$ | 374 | $ | 285 | $ | 182 | $ | 494 | ||||||||
|
|
||||||||||||||||
| Earnings per Common Share - Basic and Diluted |
$ | 1.54 | $ | 1.18 | $ | 0.75 | $ | 2.05 | ||||||||
| Average Common Shares Outstanding |
242.6 | 241.7 | 242.6 | 241.2 | ||||||||||||
|
|
||||||||||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| September 30, 2012 |
December 31, 2011 |
|||||||
|
|
||||||||
| ASSETS | ||||||||
| Current Assets: |
||||||||
| Cash and cash equivalents |
$ | 298 | $ | 255 | ||||
| Accounts receivable - trade, net |
523 | 473 | ||||||
| Unbilled revenue |
265 | 324 | ||||||
| Miscellaneous accounts and notes receivable |
82 | 69 | ||||||
| Materials and supplies |
756 | 712 | ||||||
| Mark-to-market derivative assets |
134 | 115 | ||||||
| Current regulatory assets |
250 | 215 | ||||||
| Other current assets |
98 | 132 | ||||||
|
|
|
|
|
|||||
| Total current assets |
2,406 | 2,295 | ||||||
|
|
|
|
|
|||||
| Property and Plant, Net |
17,833 | 18,127 | ||||||
| Investments and Other Assets: |
||||||||
| Nuclear decommissioning trust fund |
407 | 357 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
14 | 7 | ||||||
| Regulatory assets |
1,655 | 1,603 | ||||||
| Other assets |
772 | 845 | ||||||
|
|
|
|
|
|||||
| Total investments and other assets |
3,259 | 3,223 | ||||||
|
|
||||||||
| TOTAL ASSETS |
$ | 23,498 | $ | 23,645 | ||||
|
|
||||||||
| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
||||||||
| Current maturities of long-term debt |
$ | 206 | $ | 179 | ||||
| Short-term debt |
5 | 148 | ||||||
| Accounts and wages payable |
458 | 693 | ||||||
| Taxes accrued |
163 | 65 | ||||||
| Interest accrued |
145 | 101 | ||||||
| Customer deposits |
96 | 98 | ||||||
| Mark-to-market derivative liabilities |
155 | 161 | ||||||
| Current regulatory liabilities |
125 | 133 | ||||||
| Other current liabilities |
193 | 207 | ||||||
|
|
|
|
|
|||||
| Total current liabilities |
1,546 | 1,785 | ||||||
|
|
|
|
|
|||||
| Long-term Debt, Net |
6,781 | 6,677 | ||||||
| Deferred Credits and Other Liabilities: |
||||||||
| Accumulated deferred income taxes, net |
3,385 | 3,315 | ||||||
| Accumulated deferred investment tax credits |
74 | 79 | ||||||
| Regulatory liabilities |
1,542 | 1,502 | ||||||
| Asset retirement obligations |
429 | 428 | ||||||
| Pension and other postretirement benefits |
1,152 | 1,344 | ||||||
| Other deferred credits and liabilities |
563 | 447 | ||||||
|
|
|
|
|
|||||
| Total deferred credits and other liabilities |
7,145 | 7,115 | ||||||
|
|
|
|
|
|||||
| Ameren Corporation Stockholders’ Equity: |
||||||||
| Common stock |
2 | 2 | ||||||
| Other paid-in capital, principally premium on common stock |
5,611 | 5,598 | ||||||
| Retained earnings |
2,259 | 2,369 | ||||||
| Accumulated other comprehensive gain (loss) |
2 | (50) | ||||||
|
|
|
|
|
|||||
| Total Ameren Corporation stockholders’ equity |
7,874 | 7,919 | ||||||
| Noncontrolling Interests |
152 | 149 | ||||||
|
|
|
|
|
|||||
| Total equity |
8,026 | 8,068 | ||||||
|
|
||||||||
| TOTAL LIABILITIES AND EQUITY |
$ | 23,498 | $ | 23,645 | ||||
|
|
||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Nine Months Ended September 30, |
||||||||
| 2012 | 2011 | |||||||
|
|
||||||||
| Cash Flows From Operating Activities: |
||||||||
| Net income |
$ | 181 | $ | 500 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
||||||||
| Loss on asset impairments and other charges |
628 | 126 | ||||||
| Net gain on sales of properties |
(11) | (12) | ||||||
| Net mark-to-market loss on derivatives |
6 | 15 | ||||||
| Depreciation and amortization |
552 | 558 | ||||||
| Amortization of nuclear fuel |
63 | 51 | ||||||
| Amortization of debt issuance costs and premium/discounts |
17 | 17 | ||||||
| Deferred income taxes and investment tax credits, net |
40 | 302 | ||||||
| Allowance for equity funds used during construction |
(26) | (25) | ||||||
| Other |
22 | 2 | ||||||
| Changes in assets and liabilities: |
||||||||
| Receivables |
(19) | 130 | ||||||
| Materials and supplies |
(44) | (34) | ||||||
| Accounts and wages payable |
(157) | (192) | ||||||
| Taxes accrued |
97 | 94 | ||||||
| Assets, other |
(29) | 96 | ||||||
| Liabilities, other |
137 | (2) | ||||||
| Pension and other postretirement benefits |
19 | (98) | ||||||
| Counterparty collateral, net |
23 | 37 | ||||||
| Premiums paid on long-term debt repurchases |
(138) | - | ||||||
|
|
|
|
|
|||||
| Net cash provided by operating activities |
1,361 | 1,565 | ||||||
|
|
||||||||
| Cash Flows From Investing Activities: |
||||||||
| Capital expenditures |
(905) | (758) | ||||||
| Nuclear fuel expenditures |
(56) | (45) | ||||||
| Purchases of securities - nuclear decommissioning trust fund |
(341) | (163) | ||||||
| Sales of securities - nuclear decommissioning trust fund |
277 | 147 | ||||||
| Proceeds from sales of properties |
22 | 50 | ||||||
| Other |
(8) | 18 | ||||||
|
|
|
|
|
|||||
| Net cash used in investing activities |
(1,011) | (751) | ||||||
|
|
||||||||
| Cash Flows From Financing Activities: |
||||||||
| Dividends on common stock |
(284) | (279) | ||||||
| Dividends paid to noncontrolling interest holders |
(5) | (5) | ||||||
| Short-term debt and credit facility repayments, net |
(143) | (379) | ||||||
| Redemptions, repurchases, and maturities of long-term debt |
(754) | (150) | ||||||
| Issuances: |
||||||||
| Long-term debt |
882 | - | ||||||
| Common stock |
- | 49 | ||||||
| Capital issuance costs |
(7) | - | ||||||
| Generator advances received for construction |
4 | - | ||||||
| Repayments of generator advances received for construction |
- | (73) | ||||||
|
|
|
|
|
|||||
| Net cash used in financing activities |
(307) | (837) | ||||||
|
|
||||||||
| Net change in cash and cash equivalents |
43 | (23) | ||||||
| Cash and cash equivalents at beginning of year |
255 | 545 | ||||||
|
|
||||||||
| Cash and cash equivalents at end of period |
$ | 298 | $ | 522 | ||||
|
|
||||||||