Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - AMEREN CORP | d921747dex991.htm |
| 8-K - 8-K - AMEREN CORP | d921747d8k.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
| Three Months Ended March 31, |
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| 2015 | 2014 | |||||||
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| Operating Revenues: |
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| Electric |
$ | 1,143 | $ | 1,106 | ||||
| Gas |
413 | 488 | ||||||
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| Total operating revenues |
1,556 | 1,594 | ||||||
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| Operating Expenses: |
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| Fuel |
206 | 204 | ||||||
| Purchased power |
139 | 114 | ||||||
| Gas purchased for resale |
236 | 304 | ||||||
| Other operations and maintenance |
401 | 418 | ||||||
| Depreciation and amortization |
193 | 181 | ||||||
| Taxes other than income taxes |
125 | 127 | ||||||
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| Total operating expenses |
1,300 | 1,348 | ||||||
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| Operating Income |
256 | 246 | ||||||
| Other Income and Expenses: |
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| Miscellaneous income |
19 | 18 | ||||||
| Miscellaneous expense |
11 | 9 | ||||||
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| Total other income |
8 | 9 | ||||||
| Interest Charges |
88 | 92 | ||||||
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| Income Before Income Taxes |
176 | 163 | ||||||
| Income Taxes |
66 | 64 | ||||||
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| Income from Continuing Operations |
110 | 99 | ||||||
| Loss from Discontinued Operations, Net of Taxes |
- | (1 | ) | |||||
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| Net Income |
110 | 98 | ||||||
| Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests |
2 | 2 | ||||||
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| Net Income (Loss) Attributable to Ameren Corporation: |
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| Continuing Operations |
108 | 97 | ||||||
| Discontinued Operations |
- | (1 | ) | |||||
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| Net Income Attributable to Ameren Corporation |
$ | 108 | $ | 96 | ||||
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| Earnings per Common Share – Basic: |
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| Continuing Operations |
$ | 0.45 | $ | 0.40 | ||||
| Discontinued Operations |
- | - | ||||||
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| Earnings per Common Share – Basic |
$ | 0.45 | $ | 0.40 | ||||
| Average Common Shares Outstanding – Basic |
242.6 | 242.6 | ||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| March 31, 2015 |
December 31, 2014 |
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| ASSETS | ||||||||
| Current Assets: |
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| Cash and cash equivalents |
$ | 6 | $ | 5 | ||||
| Accounts receivable - trade (less allowance for doubtful accounts) |
524 | 423 | ||||||
| Unbilled revenue |
212 | 265 | ||||||
| Miscellaneous accounts and notes receivable |
100 | 81 | ||||||
| Materials and supplies |
449 | 524 | ||||||
| Current regulatory assets |
265 | 295 | ||||||
| Current accumulated deferred income taxes, net |
331 | 352 | ||||||
| Other current assets |
91 | 86 | ||||||
| Assets of discontinued operations |
15 | 15 | ||||||
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| Total current assets |
1,993 | 2,046 | ||||||
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| Property and Plant, Net |
17,700 | 17,424 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
558 | 549 | ||||||
| Goodwill |
411 | 411 | ||||||
| Regulatory assets |
1,577 | 1,582 | ||||||
| Other assets |
645 | 664 | ||||||
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| Total investments and other assets |
3,191 | 3,206 | ||||||
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| TOTAL ASSETS |
$ | 22,884 | $ | 22,676 | ||||
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| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 380 | $ | 120 | ||||
| Short-term debt |
955 | 714 | ||||||
| Accounts and wages payable |
434 | 711 | ||||||
| Taxes accrued |
79 | 46 | ||||||
| Interest accrued |
94 | 85 | ||||||
| Current regulatory liabilities |
107 | 106 | ||||||
| Other current liabilities |
437 | 434 | ||||||
| Liabilities of discontinued operations |
34 | 33 | ||||||
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| Total current liabilities |
2,520 | 2,249 | ||||||
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| Long-term Debt, Net |
5,860 | 6,120 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,964 | 3,923 | ||||||
| Accumulated deferred investment tax credits |
65 | 64 | ||||||
| Regulatory liabilities |
1,897 | 1,850 | ||||||
| Asset retirement obligations |
500 | 396 | ||||||
| Pension and other postretirement benefits |
708 | 705 | ||||||
| Other deferred credits and liabilities |
524 | 514 | ||||||
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| Total deferred credits and other liabilities |
7,658 | 7,452 | ||||||
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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 | 5,617 | ||||||
| Retained earnings |
1,111 | 1,103 | ||||||
| Accumulated other comprehensive loss |
(9) | (9) | ||||||
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| Total Ameren Corporation stockholders’ equity |
6,704 | 6,713 | ||||||
| Noncontrolling Interests |
142 | 142 | ||||||
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| Total equity |
6,846 | 6,855 | ||||||
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| TOTAL LIABILITIES AND EQUITY |
$ | 22,884 | $ | 22,676 | ||||
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AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Three Months Ended March 31, |
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| 2015 | 2014 | |||||||
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| Cash Flows From Operating Activities: |
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| Net income |
$ | 110 | $ | 98 | ||||
| Loss from discontinued operations, net of taxes |
- | 1 | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
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| Depreciation and amortization |
195 | 176 | ||||||
| Amortization of nuclear fuel |
23 | 24 | ||||||
| Amortization of debt issuance costs and premium/discounts |
5 | 5 | ||||||
| Deferred income taxes and investment tax credits, net |
59 | 84 | ||||||
| Allowance for equity funds used during construction |
(5 | ) | (7 | ) | ||||
| Stock-based compensation costs |
8 | 9 | ||||||
| Other |
(11 | ) | (1 | ) | ||||
| Changes in assets and liabilities |
(87 | ) | (150 | ) | ||||
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| Net cash provided by operating activities - continuing operations |
297 | 239 | ||||||
| Net cash provided by operating activities - discontinued operations |
1 | - | ||||||
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| Net cash provided by operating activities |
298 | 239 | ||||||
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| Cash Flows From Investing Activities: |
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| Capital expenditures |
(417 | ) | (442 | ) | ||||
| Nuclear fuel expenditures |
(17 | ) | (10 | ) | ||||
| Purchases of securities - nuclear decommissioning trust fund |
(84 | ) | (186 | ) | ||||
| Sales and maturities of securities - nuclear decommissioning trust fund |
79 | 182 | ||||||
| Proceeds from note receivable - Illinois Power Marketing Company |
5 | 56 | ||||||
| Contributions to note receivable - Illinois Power Marketing Company |
(5 | ) | (65 | ) | ||||
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| Net cash used in investing activities - continuing operations |
(439 | ) | (465 | ) | ||||
| Net cash provided by investing activities - discontinued operations |
- | 152 | ||||||
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| Net cash used in investing activities |
(439 | ) | (313 | ) | ||||
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| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(99 | ) | (97 | ) | ||||
| Dividends paid to noncontrolling interest holders |
(2 | ) | (2 | ) | ||||
| Short-term debt, net |
241 | 332 | ||||||
| Redemptions of long-term debt |
- | (163 | ) | |||||
| Other |
2 | - | ||||||
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| Net cash provided by financing activities - continuing operations |
142 | 70 | ||||||
| Net cash used in financing activities - discontinued operations |
- | - | ||||||
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| Net cash provided by financing activities |
142 | 70 | ||||||
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| Net change in cash and cash equivalents |
1 | (4 | ) | |||||
| Cash and cash equivalents at beginning of year |
5 | 30 | ||||||
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| Cash and cash equivalents at end of period |
$ | 6 | $ | 26 | ||||
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