AMEREN CORP - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - August 4, 2017

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Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Operating Revenues:
 
 
 
 
 
 
 
Electric
$
1,383

 
$
1,274

 
$
2,589

 
$
2,376

Natural gas
155

 
153

 
463

 
485

Total operating revenues
1,538

 
1,427

 
3,052

 
2,861

Operating Expenses:
 
 
 
 
 
 
 
Fuel
189

 
166

 
395

 
369

Purchased power
149

 
135

 
329

 
273

Natural gas purchased for resale
41

 
41

 
171

 
193

Other operations and maintenance
422

 
435

 
827

 
835

Depreciation and amortization
222

 
210

 
443

 
417

Taxes other than income taxes
117

 
115

 
235

 
229

Total operating expenses
1,140

 
1,102

 
2,400

 
2,316

Operating Income
398

 
325

 
652

 
545

Other Income and Expenses:
 
 
 
 
 
 
 
Miscellaneous income
14

 
16

 
29

 
36

Miscellaneous expense
5

 
6

 
14

 
13

Total other income
9

 
10

 
15

 
23

Interest Charges
99

 
95

 
198

 
190

Income Before Income Taxes
308

 
240

 
469

 
378

Income Taxes
114

 
92

 
171

 
123

Net Income
194

 
148

 
298

 
255

Less: Net Income Attributable to Noncontrolling Interests
1

 
1

 
3

 
3

Net Income Attributable to Ameren Common Shareholders
$
193

 
$
147

 
$
295

 
$
252

 
 
 
 
 
 
 
 
Earnings per Common Share – Basic and Diluted
$
0.79

 
$
0.61

 
$
1.21

 
$
1.04

 
 
 
 
 
 
 
 
Average Common Shares Outstanding – Basic
242.6

 
242.6

 
242.6

 
242.6





AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)

 
June 30, 2017
 
December 31, 2016
ASSETS
 
 
 
Current Assets:
 
 
 
Cash and cash equivalents
$
10

 
$
9

Accounts receivable - trade (less allowance for doubtful accounts)
446

 
437

Unbilled revenue
334

 
295

Miscellaneous accounts receivable
77

 
63

Inventories
512

 
527

Current regulatory assets
95

 
149

Other current assets
97

 
113

Total current assets
1,571

 
1,593

Property, Plant, and Equipment, Net
20,589

 
20,113

Investments and Other Assets:
 
 
 
Nuclear decommissioning trust fund
651

 
607

Goodwill
411

 
411

Regulatory assets
1,506

 
1,437

Other assets
526

 
538

Total investments and other assets
3,094

 
2,993

TOTAL ASSETS
$
25,254

 
$
24,699

LIABILITIES AND EQUITY
 
 
 
Current Liabilities:
 
 
 
Current maturities of long-term debt
$
578

 
$
681

Short-term debt
892

 
558

Accounts and wages payable
522

 
805

Taxes accrued
122

 
46

Interest accrued
104

 
93

Customer deposits
108

 
107

Current regulatory liabilities
141

 
110

Other current liabilities
298

 
274

Total current liabilities
2,765

 
2,674

Long-term Debt, Net
6,821

 
6,595

Deferred Credits and Other Liabilities:
 
 
 
Accumulated deferred income taxes, net
4,444

 
4,264

Accumulated deferred investment tax credits
52

 
55

Regulatory liabilities
2,003

 
1,985

Asset retirement obligations
634

 
635

Pension and other postretirement benefits
758

 
769

Other deferred credits and liabilities
477

 
477

Total deferred credits and other liabilities
8,368

 
8,185

Ameren Corporation Shareholders’ Equity:
 
 
 
Common stock
2

 
2

Other paid-in capital, principally premium on common stock
5,528

 
5,556

Retained earnings
1,649

 
1,568

Accumulated other comprehensive loss
(21
)
 
(23
)
Total Ameren Corporation shareholders’ equity
7,158

 
7,103

Noncontrolling Interests
142

 
142

Total equity
7,300

 
7,245

TOTAL LIABILITIES AND EQUITY
$
25,254

 
$
24,699





AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 
Six Months Ended June 30,
 
2017
 
2016
Cash Flows From Operating Activities:
 
 
 
Net income
$
298

 
$
255

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
433

 
419

Amortization of nuclear fuel
48

 
38

Amortization of debt issuance costs and premium/discounts
11

 
11

Deferred income taxes and investment tax credits, net
175

 
134

Allowance for equity funds used during construction
(10
)
 
(13
)
Share-based compensation costs
8

 
12

Other
(5
)
 
(7
)
Changes in assets and liabilities
(95
)
 
(86
)
Net cash provided by operating activities
863

 
763

Cash Flows From Investing Activities:
 
 
 
Capital expenditures
(998
)
 
(1,000
)
Nuclear fuel expenditures
(50
)
 
(24
)
Purchases of securities – nuclear decommissioning trust fund
(213
)
 
(201
)
Sales and maturities of securities – nuclear decommissioning trust fund
204

 
192

Other
(2
)
 
(2
)
Net cash used in investing activities
(1,059
)
 
(1,035
)
Cash Flows From Financing Activities:
 
 
 
Dividends on common stock
(214
)
 
(206
)
Dividends paid to noncontrolling interest holders
(3
)
 
(3
)
Short-term debt, net
334

 
477

Maturities of long-term debt
(425
)
 
(389
)
Issuances of long-term debt
549

 
149

Share-based payments
(39
)
 
(32
)
Capital issuance costs
(4
)
 
(1
)
Other
(1
)
 
(2
)
Net cash provided by (used in) financing activities
197

 
(7
)
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
$
10

 
$
13



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