Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMEREN CORP | d818109d8k.htm |
| EX-99.1 - EX-99.1 - AMEREN CORP | d818109dex991.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, |
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| 2014 | 2013 | 2014 | 2013 | |||||||||||||
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| Operating Revenues: |
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| Electric |
$ | 1,523 | $ | 1,507 | $ | 3,864 | $ | 3,823 | ||||||||
| Gas |
147 | 131 | 819 | 693 | ||||||||||||
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| Total operating revenues |
1,670 | 1,638 | 4,683 | 4,516 | ||||||||||||
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| Operating Expenses: |
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| Fuel |
236 | 222 | 638 | 648 | ||||||||||||
| Purchased power |
112 | 128 | 335 | 400 | ||||||||||||
| Gas purchased for resale |
49 | 42 | 432 | 344 | ||||||||||||
| Other operations and maintenance |
404 | 383 | 1,236 | 1,229 | ||||||||||||
| Depreciation and amortization |
187 | 175 | 551 | 528 | ||||||||||||
| Taxes other than income taxes |
121 | 121 | 362 | 354 | ||||||||||||
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| Total operating expenses |
1,109 | 1,071 | 3,554 | 3,503 | ||||||||||||
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| Operating Income |
561 | 567 | 1,129 | 1,013 | ||||||||||||
| Other Income and Expense: |
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| Miscellaneous income |
21 | 20 | 60 | 51 | ||||||||||||
| Miscellaneous expense |
7 | 5 | 20 | 18 | ||||||||||||
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| Total other income |
14 | 15 | 40 | 33 | ||||||||||||
| Interest Charges |
85 | 88 | 266 | 289 | ||||||||||||
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| Income Before Income Taxes |
490 | 494 | 903 | 757 | ||||||||||||
| Income Taxes |
194 | 187 | 357 | 288 | ||||||||||||
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| Income from Continuing Operations |
296 | 307 | 546 | 469 | ||||||||||||
| Loss from Discontinued Operations, Net of Taxes |
(1 | ) | (3 | ) | (3 | ) | (212 | ) | ||||||||
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| Net Income |
295 | 304 | 543 | 257 | ||||||||||||
| Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests |
2 | 2 | 5 | 5 | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation: |
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| Continuing Operations |
294 | 305 | 541 | 464 | ||||||||||||
| Discontinued Operations |
(1 | ) | (3 | ) | (3 | ) | (212 | ) | ||||||||
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| Net Income Attributable to Ameren Corporation |
$ | 293 | $ | 302 | $ | 538 | $ | 252 | ||||||||
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| Earnings (Loss) per Common Share – Basic: |
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| Continuing Operations |
$ | 1.21 | $ | 1.26 | $ | 2.23 | $ | 1.92 | ||||||||
| Discontinued Operations |
- | (0.01 | ) | (0.01 | ) | (0.88 | ) | |||||||||
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| Earnings per Common Share – Basic |
$ | 1.21 | $ | 1.25 | $ | 2.22 | $ | 1.04 | ||||||||
| Earnings (Loss) per Common Share – Diluted: |
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| Continuing Operations |
$ | 1.20 | $ | 1.25 | $ | 2.21 | $ | 1.91 | ||||||||
| Discontinued Operations |
- | (0.01 | ) | (0.01 | ) | (0.88 | ) | |||||||||
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| Earnings per Common Share – Diluted |
$ | 1.20 | $ | 1.24 | $ | 2.20 | $ | 1.03 | ||||||||
| Average Common Shares Outstanding – Basic |
242.6 | 242.6 | 242.6 | 242.6 | ||||||||||||
| Average Common Shares Outstanding – Diluted |
244.3 | 245.1 | 244.3 | 244.4 | ||||||||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| September 30, 2014 |
December 31, 2013 |
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| ASSETS | ||||||||
| Current Assets: |
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| Cash and cash equivalents |
$ | 13 | $ | 30 | ||||
| Accounts receivable - trade (less allowance for doubtful accounts) |
467 | 404 | ||||||
| Unbilled revenue |
203 | 304 | ||||||
| Miscellaneous accounts and notes receivable |
117 | 196 | ||||||
| Materials and supplies |
561 | 526 | ||||||
| Current regulatory assets |
199 | 156 | ||||||
| Current accumulated deferred income taxes, net |
301 | 106 | ||||||
| Other current assets |
66 | 85 | ||||||
| Assets of discontinued operations |
15 | 165 | ||||||
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| Total current assets |
1,942 | 1,972 | ||||||
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| Property and Plant, Net |
16,991 | 16,205 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
529 | 494 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
20 | 22 | ||||||
| Regulatory assets |
1,259 | 1,240 | ||||||
| Other assets |
724 | 698 | ||||||
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| Total investments and other assets |
2,943 | 2,865 | ||||||
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| TOTAL ASSETS |
$ | 21,876 | $ | 21,042 | ||||
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| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 119 | $ | 534 | ||||
| Short-term debt |
753 | 368 | ||||||
| Accounts and wages payable |
466 | 806 | ||||||
| Taxes accrued |
161 | 55 | ||||||
| Interest accrued |
105 | 86 | ||||||
| Current regulatory liabilities |
132 | 216 | ||||||
| Other current liabilities |
350 | 351 | ||||||
| Liabilities of discontinued operations |
33 | 45 | ||||||
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| Total current liabilities |
2,119 | 2,461 | ||||||
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| Long-term Debt, Net |
5,825 | 5,504 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,845 | 3,250 | ||||||
| Accumulated deferred investment tax credits |
59 | 63 | ||||||
| Regulatory liabilities |
1,805 | 1,705 | ||||||
| Asset retirement obligations |
385 | 369 | ||||||
| Pension and other postretirement benefits |
400 | 466 | ||||||
| Other deferred credits and liabilities |
522 | 538 | ||||||
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| Total deferred credits and other liabilities |
7,016 | 6,391 | ||||||
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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 |
5,612 | 5,632 | ||||||
| Retained earnings |
1,154 | 907 | ||||||
| Accumulated other comprehensive income |
6 | 3 | ||||||
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| Total Ameren Corporation stockholders’ equity |
6,774 | 6,544 | ||||||
| Noncontrolling Interests |
142 | 142 | ||||||
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| Total equity |
6,916 | 6,686 | ||||||
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| TOTAL LIABILITIES AND EQUITY |
$ | 21,876 | $ | 21,042 | ||||
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AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Nine Months Ended September 30, |
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| 2014 | 2013 | |||||||
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| Cash Flows From Operating Activities: |
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| Net income |
$ | 543 | $ | 257 | ||||
| Loss from discontinued operations, net of taxes |
3 | 212 | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
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| Depreciation and amortization |
526 | 500 | ||||||
| Amortization of nuclear fuel |
70 | 46 | ||||||
| Amortization of debt issuance costs and premium/discounts |
16 | 18 | ||||||
| Deferred income taxes and investment tax credits, net |
370 | 258 | ||||||
| Allowance for equity funds used during construction |
(26 | ) | (26 | ) | ||||
| Stock-based compensation costs |
20 | 19 | ||||||
| Other |
(9 | ) | 14 | |||||
| Changes in assets and liabilities |
(305 | ) | (83 | ) | ||||
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| Net cash provided by operating activities - continuing operations |
1,208 | 1,215 | ||||||
| Net cash provided by (used in) operating activities - discontinued operations |
(5 | ) | 99 | |||||
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| Net cash provided by operating activities |
1,203 | 1,314 | ||||||
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| Cash Flows From Investing Activities: |
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| Capital expenditures |
(1,310 | ) | (943 | ) | ||||
| Nuclear fuel expenditures |
(28 | ) | (34 | ) | ||||
| Purchases of securities - nuclear decommissioning trust fund |
(365 | ) | (147 | ) | ||||
| Sales and maturities of securities - nuclear decommissioning trust fund |
354 | 134 | ||||||
| Proceeds from note receivable - Illinois Power Marketing Company |
79 | - | ||||||
| Contributions to note receivable - Illinois Power Marketing Company |
(84 | ) | - | |||||
| Other |
3 | (1 | ) | |||||
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| Net cash used in investing activities - continuing operations |
(1,351 | ) | (991 | ) | ||||
| Net cash provided by (used in) investing activities - discontinued operations |
139 | (42 | ) | |||||
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| Net cash used in investing activities |
(1,212 | ) | (1,033 | ) | ||||
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| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(291 | ) | (291 | ) | ||||
| Dividends paid to noncontrolling interest holders |
(5 | ) | (5 | ) | ||||
| Short-term debt, net |
385 | - | ||||||
| Redemptions of long-term debt |
(692 | ) | - | |||||
| Issuances of long-term debt |
598 | - | ||||||
| Capital issuance costs |
(4 | ) | - | |||||
| Other |
1 | - | ||||||
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| Net cash used in financing activities - continuing operations |
(8 | ) | (296 | ) | ||||
| Net cash used in financing activities - discontinued operations |
- | - | ||||||
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| Net cash used in financing activities |
(8 | ) | (296 | ) | ||||
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| Net change in cash and cash equivalents |
(17 | ) | (15 | ) | ||||
| Cash and cash equivalents at beginning of year |
30 | 209 | ||||||
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| Cash and cash equivalents at end of period |
13 | 194 | ||||||
| Less cash and cash equivalents at end of period - discontinued operations |
- | 25 | ||||||
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| Cash and cash equivalents at end of period - continuing operations |
$ | 13 | $ | 169 | ||||
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