AMEREN CORP - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - May 11, 2020

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Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
 
 
 
Three Months Ended March 31,
 
 
2020
 
2019
Operating Revenues:
 
 
 
 
Electric
 
$
1,120

 
$
1,182

Natural gas
 
320

 
374

Total operating revenues
 
1,440

 
1,556

Operating Expenses:
 
 
 
 
Fuel
 
140

 
160

Purchased power
 
134

 
156

Natural gas purchased for resale
 
107

 
161

Other operations and maintenance
 
438

 
417

Depreciation and amortization
 
255

 
248

Taxes other than income taxes
 
125

 
126

Total operating expenses
 
1,199

 
1,268

Operating Income
 
241

 
288

Other Income, Net
 
21

 
29

Interest Charges
 
93

 
97

Income Before Income Taxes
 
169

 
220

Income Taxes
 
21

 
27

Net Income
 
148

 
193

Less: Net Income Attributable to Noncontrolling Interests
 
2

 
2

Net Income Attributable to Ameren Common Shareholders
 
$
146

 
$
191

 
 
 
 
 
Earnings per Common Share – Basic and Diluted
 
$
0.59

 
$
0.78

 
 
 
 
 
Weighted-average Common Shares Outstanding – Basic
 
246.4

 
244.9

Weighted-average Common Shares Outstanding – Diluted
 
248.1

 
246.4





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

 
March 31, 2020
 
December 31, 2019
ASSETS
 
 
 
Current Assets:
 
 
 
Cash and cash equivalents
$
42

 
$
16

Accounts receivable - trade (less allowance for doubtful accounts)
456

 
393

Unbilled revenue
212

 
278

Miscellaneous accounts receivable
65

 
63

Inventories
471

 
494

Current regulatory assets
91

 
69

Other current assets
127

 
118

Total current assets
1,464

 
1,431

Property, Plant, and Equipment, Net
24,678

 
24,376

Investments and Other Assets:
 
 
 
Nuclear decommissioning trust fund
742

 
847

Goodwill
411

 
411

Regulatory assets
1,092

 
992

Other assets
885

 
876

Total investments and other assets
3,130

 
3,126

TOTAL ASSETS
$
29,272

 
$
28,933

LIABILITIES AND EQUITY
 
 
 
Current Liabilities:
 
 
 
Current maturities of long-term debt
$
357

 
$
442

Short-term debt
615

 
440

Accounts and wages payable
544

 
874

Current regulatory liabilities
189

 
164

Other current liabilities
662

 
585

Total current liabilities
2,367

 
2,505

Long-term Debt, Net
9,378

 
8,915

Deferred Credits and Other Liabilities:
 
 
 
Accumulated deferred income taxes and investment tax credits, net
2,948

 
2,919

Regulatory liabilities
4,842

 
4,887

Asset retirement obligations
631

 
638

Pension and other postretirement benefits
397

 
401

Other deferred credits and liabilities
482

 
467

Total deferred credits and other liabilities
9,300

 
9,312

Ameren Corporation Shareholders’ Equity:
 
 
 
Common stock
2

 
2

Other paid-in capital, principally premium on common stock
5,695

 
5,694

Retained earnings
2,404

 
2,380

Accumulated other comprehensive loss
(16
)
 
(17
)
Total Ameren Corporation shareholders’ equity
8,085

 
8,059

Noncontrolling Interests
142

 
142

Total equity
8,227

 
8,201

TOTAL LIABILITIES AND EQUITY
$
29,272

 
$
28,933





AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 
Three Months Ended March 31,
 
2020
 
2019
Cash Flows From Operating Activities:
 
 
 
Net income
$
148

 
$
193

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
263

 
245

Amortization of nuclear fuel
23

 
23

Amortization of debt issuance costs and premium/discounts
5

 
5

Deferred income taxes and investment tax credits, net
23

 
32

Allowance for equity funds used during construction
(4
)
 
(6
)
Stock-based compensation costs
6

 
6

Other
17

 
(8
)
Changes in assets and liabilities
(191
)
 
(103
)
Net cash provided by operating activities
290

 
387

Cash Flows From Investing Activities:
 
 
 
Capital expenditures
(636
)
 
(544
)
Nuclear fuel expenditures
(35
)
 
(21
)
Purchases of securities – nuclear decommissioning trust fund
(96
)
 
(39
)
Sales and maturities of securities – nuclear decommissioning trust fund
81

 
36

Other
2

 
1

Net cash used in investing activities
(684
)
 
(567
)
Cash Flows From Financing Activities:
 
 
 
Dividends on common stock
(122
)
 
(116
)
Dividends paid to noncontrolling interest holders
(2
)
 
(2
)
Short-term debt, net
175

 
202

Maturities of long-term debt
(85
)
 
(329
)
Issuances of long-term debt
465

 
450

Issuances of common stock
13

 
19

Employee payroll taxes related to stock-based compensation
(20
)
 
(29
)
Debt issuance costs
(3
)
 
(4
)
Net cash provided by financing activities
421

 
191

Net change in cash, cash equivalents, and restricted cash
27

 
11

Cash, cash equivalents, and restricted cash at beginning of year
176

 
107

Cash, cash equivalents, and restricted cash at end of period
$
203

 
$
118



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