Attached files
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EX-99.1 - EXHIBIT 99.1 - AMEREN CORP | q12017exhibit991earningsre.htm |
8-K - 8-K - AMEREN CORP | q120178kfacingearningsrele.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
Three Months Ended March 31, | |||||||
2017 | 2016 | ||||||
Operating Revenues: | |||||||
Electric | $ | 1,206 | $ | 1,102 | |||
Gas | 308 | 332 | |||||
Total operating revenues | 1,514 | 1,434 | |||||
Operating Expenses: | |||||||
Fuel | 206 | 203 | |||||
Purchased power | 180 | 138 | |||||
Gas purchased for resale | 130 | 152 | |||||
Other operations and maintenance | 405 | 400 | |||||
Depreciation and amortization | 221 | 207 | |||||
Taxes other than income taxes | 118 | 114 | |||||
Total operating expenses | 1,260 | 1,214 | |||||
Operating Income | 254 | 220 | |||||
Other Income and Expenses: | |||||||
Miscellaneous income | 15 | 20 | |||||
Miscellaneous expense | 9 | 7 | |||||
Total other income | 6 | 13 | |||||
Interest Charges | 99 | 95 | |||||
Income Before Income Taxes | 161 | 138 | |||||
Income Taxes | 57 | 31 | |||||
Net Income | 104 | 107 | |||||
Less: Net Income Attributable to Noncontrolling Interests | 2 | 2 | |||||
Net Income Attributable to Ameren Common Shareholders | $ | 102 | $ | 105 | |||
Earnings per Common Share – Basic and Diluted | $ | 0.42 | $ | 0.43 | |||
Average Common Shares Outstanding – Basic | 242.6 | 242.6 |
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
March 31, 2017 | December 31, 2016 | ||||||
ASSETS | |||||||
Current Assets: | |||||||
Cash and cash equivalents | $ | 8 | $ | 9 | |||
Accounts receivable - trade (less allowance for doubtful accounts) | 457 | 437 | |||||
Unbilled revenue | 228 | 295 | |||||
Miscellaneous accounts receivable | 67 | 63 | |||||
Inventories | 467 | 527 | |||||
Current regulatory assets | 118 | 149 | |||||
Other current assets | 105 | 113 | |||||
Total current assets | 1,450 | 1,593 | |||||
Property, Plant, and Equipment, Net | 20,298 | 20,113 | |||||
Investments and Other Assets: | |||||||
Nuclear decommissioning trust fund | 635 | 607 | |||||
Goodwill | 411 | 411 | |||||
Regulatory assets | 1,485 | 1,437 | |||||
Other assets | 532 | 538 | |||||
Total investments and other assets | 3,063 | 2,993 | |||||
TOTAL ASSETS | $ | 24,811 | $ | 24,699 | |||
LIABILITIES AND EQUITY | |||||||
Current Liabilities: | |||||||
Current maturities of long-term debt | $ | 681 | $ | 681 | |||
Short-term debt | 914 | 558 | |||||
Accounts and wages payable | 460 | 805 | |||||
Taxes accrued | 77 | 46 | |||||
Interest accrued | 100 | 93 | |||||
Customer deposits | 106 | 107 | |||||
Current regulatory liabilities | 144 | 110 | |||||
Other current liabilities | 280 | 274 | |||||
Total current liabilities | 2,762 | 2,674 | |||||
Long-term Debt, Net | 6,597 | 6,595 | |||||
Deferred Credits and Other Liabilities: | |||||||
Accumulated deferred income taxes, net | 4,321 | 4,264 | |||||
Accumulated deferred investment tax credits | 53 | 55 | |||||
Regulatory liabilities | 1,982 | 1,985 | |||||
Asset retirement obligations | 641 | 635 | |||||
Pension and other postretirement benefits | 768 | 769 | |||||
Other deferred credits and liabilities | 481 | 477 | |||||
Total deferred credits and other liabilities | 8,246 | 8,185 | |||||
Ameren Corporation Shareholders’ Equity: | |||||||
Common stock | 2 | 2 | |||||
Other paid-in capital, principally premium on common stock | 5,522 | 5,556 | |||||
Retained earnings | 1,563 | 1,568 | |||||
Accumulated other comprehensive loss | (23 | ) | (23 | ) | |||
Total Ameren Corporation shareholders’ equity | 7,064 | 7,103 | |||||
Noncontrolling Interests | 142 | 142 | |||||
Total equity | 7,206 | 7,245 | |||||
TOTAL LIABILITIES AND EQUITY | $ | 24,811 | $ | 24,699 |
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
Three Months Ended March 31, | |||||||
2017 | 2016 | ||||||
Cash Flows From Operating Activities: | |||||||
Net income | $ | 104 | $ | 107 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
Depreciation and amortization | 217 | 210 | |||||
Amortization of nuclear fuel | 24 | 24 | |||||
Amortization of debt issuance costs and premium/discounts | 6 | 6 | |||||
Deferred income taxes and investment tax credits, net | 51 | 42 | |||||
Allowance for equity funds used during construction | (6 | ) | (8 | ) | |||
Share-based compensation costs | 4 | 6 | |||||
Other | (4 | ) | (3 | ) | |||
Changes in assets and liabilities | (65 | ) | (35 | ) | |||
Net cash provided by operating activities | 331 | 349 | |||||
Cash Flows From Investing Activities: | |||||||
Capital expenditures | (504 | ) | (496 | ) | |||
Nuclear fuel expenditures | (27 | ) | (21 | ) | |||
Purchases of securities – nuclear decommissioning trust fund | (64 | ) | (130 | ) | |||
Sales and maturities of securities – nuclear decommissioning trust fund | 58 | 125 | |||||
Other | (2 | ) | 12 | ||||
Net cash used in investing activities | (539 | ) | (510 | ) | |||
Cash Flows From Financing Activities: | |||||||
Dividends on common stock | (107 | ) | (103 | ) | |||
Dividends paid to noncontrolling interest holders | (2 | ) | (2 | ) | |||
Short-term debt, net | 356 | 280 | |||||
Maturities of long-term debt | — | (260 | ) | ||||
Share-based payments | (39 | ) | (32 | ) | |||
Other | (1 | ) | (1 | ) | |||
Net cash provided by (used in) financing activities | 207 | (118 | ) | ||||
Net change in cash and cash equivalents | (1 | ) | (279 | ) | |||
Cash and cash equivalents at beginning of year | 9 | 292 | |||||
Cash and cash equivalents at end of period | $ | 8 | $ | 13 |