Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMEREN CORP | d577347d8k.htm |
| EX-99.1 - EX-99.1 - AMEREN CORP | d577347dex991.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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| 2013 | 2012 | 2013 | 2012 | |||||||||||||
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| Operating Revenues: |
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| Electric |
$ | 1,228 | $ | 1,255 | $ | 2,316 | $ | 2,319 | ||||||||
| Gas |
175 | 147 | 562 | 495 | ||||||||||||
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| Total operating revenues |
1,403 | 1,402 | 2,878 | 2,814 | ||||||||||||
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| Operating Expenses: |
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| Fuel |
213 | 175 | 426 | 356 | ||||||||||||
| Purchased power |
121 | 161 | 272 | 370 | ||||||||||||
| Gas purchased for resale |
72 | 49 | 302 | 264 | ||||||||||||
| Other operations and maintenance |
447 | 395 | 846 | 764 | ||||||||||||
| Depreciation and amortization |
178 | 168 | 353 | 335 | ||||||||||||
| Taxes other than income taxes |
111 | 110 | 233 | 223 | ||||||||||||
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| Total operating expenses |
1,142 | 1,058 | 2,432 | 2,312 | ||||||||||||
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| Operating Income |
261 | 344 | 446 | 502 | ||||||||||||
| Other Income and Expenses: |
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| Miscellaneous income |
16 | 19 | 31 | 36 | ||||||||||||
| Miscellaneous expense |
5 | 7 | 13 | 22 | ||||||||||||
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| Total other income |
11 | 12 | 18 | 14 | ||||||||||||
| Interest Charges |
100 | 98 | 201 | 196 | ||||||||||||
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| Income Before Income Taxes |
172 | 258 | 263 | 320 | ||||||||||||
| Income Taxes |
66 | 96 | 101 | 119 | ||||||||||||
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| Income from Continuing Operations |
106 | 162 | 162 | 201 | ||||||||||||
| Income (Loss) from Discontinued Operations, Net of Tax |
(10) | 48 | (209) | (394) | ||||||||||||
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| Net Income (Loss) |
96 | 210 | (47) | (193) | ||||||||||||
| Less: Net Income (Loss) Attributable to Noncontrolling Interests: |
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| Continuing Operations |
1 | 1 | 3 | 3 | ||||||||||||
| Discontinued Operations |
- | (2) | - | (4) | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation: |
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| Continuing Operations |
105 | 161 | 159 | 198 | ||||||||||||
| Discontinued Operations |
(10) | 50 | (209) | (390) | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation |
$ | 95 | $ | 211 | $ | (50) | $ | (192) | ||||||||
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| Earnings (Loss) per Common Share - Basic and Diluted |
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| Continuing Operations |
$ | 0.44 | $ | 0.66 | $ | 0.66 | $ | 0.81 | ||||||||
| Discontinued Operations |
(0.05) | 0.21 | (0.87) | (1.60) | ||||||||||||
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| Net Income (Loss) per Common Share - Basic and Diluted |
$ | 0.39 | $ | 0.87 | $ | (0.21) | $ | (0.79) | ||||||||
| Average Common Shares Outstanding |
242.6 | 242.6 | 242.6 | 242.6 | ||||||||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| June 30, 2013 |
December 31, 2012 |
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| ASSETS | ||||||||
| Current Assets: |
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| Cash and cash equivalents |
$ | 150 | $ | 184 | ||||
| Accounts receivable - trade, net |
425 | 354 | ||||||
| Unbilled revenue |
308 | 291 | ||||||
| Miscellaneous accounts and notes receivable |
75 | 71 | ||||||
| Materials and supplies |
511 | 570 | ||||||
| Current regulatory assets |
192 | 247 | ||||||
| Current accumulated deferred income taxes, net |
157 | 160 | ||||||
| Other current assets |
104 | 98 | ||||||
| Current assets of discontinued operations |
1,486 | 1,600 | ||||||
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| Total current assets |
3,408 | 3,575 | ||||||
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| Property and Plant, Net |
15,601 | 15,348 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
442 | 408 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
18 | 14 | ||||||
| Regulatory assets |
1,742 | 1,786 | ||||||
| Other assets |
654 | 667 | ||||||
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| Total investments and other assets |
3,267 | 3,286 | ||||||
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| TOTAL ASSETS |
$ | 22,276 | $ | 22,209 | ||||
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| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 884 | $ | 355 | ||||
| Short-term debt |
25 | - | ||||||
| Accounts and wages payable |
428 | 533 | ||||||
| Taxes accrued |
123 | 50 | ||||||
| Interest accrued |
100 | 89 | ||||||
| Customer deposits |
110 | 107 | ||||||
| Mark-to-market derivative liabilities |
75 | 92 | ||||||
| Current regulatory liabilities |
180 | 100 | ||||||
| Other current liabilities |
178 | 168 | ||||||
| Current liabilities of discontinued operations |
1,183 | 1,166 | ||||||
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| Total current liabilities |
3,286 | 2,660 | ||||||
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| Long-term Debt, Net |
5,274 | 5,802 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,348 | 3,166 | ||||||
| Accumulated deferred investment tax credits |
67 | 70 | ||||||
| Regulatory liabilities |
1,666 | 1,589 | ||||||
| Asset retirement obligations |
385 | 375 | ||||||
| Pension and other postretirement benefits |
1,140 | 1,138 | ||||||
| Other deferred credits and liabilities |
585 | 642 | ||||||
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| Total deferred credits and other liabilities |
7,191 | 6,980 | ||||||
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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 |
5,619 | 5,616 | ||||||
| Retained earnings |
762 | 1,006 | ||||||
| Accumulated other comprehensive loss |
(9) | (8) | ||||||
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| Total Ameren Corporation stockholders’ equity |
6,374 | 6,616 | ||||||
| Noncontrolling Interests |
151 | 151 | ||||||
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| Total equity |
6,525 | 6,767 | ||||||
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| TOTAL LIABILITIES AND EQUITY |
$ | 22,276 | $ | 22,209 | ||||
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AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Six Months Ended June 30, |
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| 2013 | 2012 | |||||||
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| Cash Flows From Operating Activities: |
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| Net loss |
$ | (47 | ) | $ | (193 | ) | ||
| Loss from discontinued operations, net of tax |
209 | 394 | ||||||
| Adjustments to reconcile net loss to net cash provided by operating activities: |
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| Depreciation and amortization |
334 | 314 | ||||||
| Amortization of nuclear fuel |
29 | 41 | ||||||
| Amortization of debt issuance costs and premium/discounts |
12 | 8 | ||||||
| Deferred income taxes and investment tax credits, net |
70 | 110 | ||||||
| Allowance for equity funds used during construction |
(16 | ) | (17 | ) | ||||
| Stock-based compensation costs |
14 | 12 | ||||||
| Other |
18 | (6 | ) | |||||
| Changes in assets and liabilities |
106 | 1 | ||||||
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| Net cash provided by operating activities - continuing operations |
729 | 664 | ||||||
| Net cash provided by operating activities - discontinued operations |
39 | 97 | ||||||
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| Net cash provided by operating activities |
768 | 761 | ||||||
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| Cash Flows From Investing Activities: |
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| Capital expenditures |
(575 | ) | (485 | ) | ||||
| Nuclear fuel expenditures |
(25 | ) | (52 | ) | ||||
| Purchases of securities - nuclear decommissioning trust fund |
(97 | ) | (206 | ) | ||||
| Sales and maturities of securities - nuclear decommissioning trust fund |
89 | 195 | ||||||
| Other |
2 | (1 | ) | |||||
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| Net cash used in investing activities - continuing operations |
(606 | ) | (549 | ) | ||||
| Net cash used in investing activities - discontinued operations |
(31 | ) | (64 | ) | ||||
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| Net cash used in investing activities |
(637 | ) | (613 | ) | ||||
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| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(194 | ) | (187 | ) | ||||
| Dividends paid to noncontrolling interest holders |
(3 | ) | (3 | ) | ||||
| Short-term debt, net |
25 | (118 | ) | |||||
| Advances received for construction |
7 | 3 | ||||||
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| Net cash used in financing activities - continuing operations |
(165 | ) | (305 | ) | ||||
| Net cash used in financing activities - discontinued operations |
- | - | ||||||
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| Net cash used in financing activities |
(165 | ) | (305 | ) | ||||
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| Net change in cash and cash equivalents |
(34 | ) | (157 | ) | ||||
| Cash and cash equivalents at beginning of year |
184 | 248 | ||||||
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| Cash and cash equivalents at end of period |
$ | 150 | $ | 91 | ||||
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| Noncash financing activity - dividends on common stock |
$ | - | $ | (7 | ) | |||