Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - AMEREN CORP | q32020ex991earningsrel.htm |
| 8-K - 8-K - AMEREN CORP | aee-20201104.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, | ||||||||||||||||||||||
| 2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
| Operating Revenues: | |||||||||||||||||||||||
| Electric | $ | 1,489 | $ | 1,528 | $ | 3,846 | $ | 3,928 | |||||||||||||||
| Natural gas | 139 | 131 | 620 | 666 | |||||||||||||||||||
| Total operating revenues | 1,628 | 1,659 | 4,466 | 4,594 | |||||||||||||||||||
| Operating Expenses: | |||||||||||||||||||||||
| Fuel | 141 | 147 | 400 | 409 | |||||||||||||||||||
| Purchased power | 140 | 148 | 383 | 440 | |||||||||||||||||||
| Natural gas purchased for resale | 34 | 31 | 183 | 236 | |||||||||||||||||||
| Other operations and maintenance | 418 | 434 | 1,240 | 1,301 | |||||||||||||||||||
| Depreciation and amortization | 273 | 248 | 799 | 745 | |||||||||||||||||||
| Taxes other than income taxes | 128 | 131 | 372 | 375 | |||||||||||||||||||
| Total operating expenses | 1,134 | 1,139 | 3,377 | 3,506 | |||||||||||||||||||
| Operating Income | 494 | 520 | 1,089 | 1,088 | |||||||||||||||||||
| Other Income, Net | 48 | 34 | 117 | 99 | |||||||||||||||||||
| Interest Charges | 110 | 96 | 311 | 290 | |||||||||||||||||||
| Income Before Income Taxes | 432 | 458 | 895 | 897 | |||||||||||||||||||
| Income Taxes | 63 | 92 | 134 | 158 | |||||||||||||||||||
| Net Income | 369 | 366 | 761 | 739 | |||||||||||||||||||
| Less: Net Income Attributable to Noncontrolling Interests | 2 | 2 | 5 | 5 | |||||||||||||||||||
| Net Income Attributable to Ameren Common Shareholders | $ | 367 | $ | 364 | $ | 756 | $ | 734 | |||||||||||||||
| Earnings per Common Share – Basic | $ | 1.48 | $ | 1.48 | $ | 3.06 | $ | 2.99 | |||||||||||||||
| Earnings per Common Share – Diluted | $ | 1.47 | $ | 1.47 | $ | 3.04 | $ | 2.97 | |||||||||||||||
| Weighted-average Common Shares Outstanding – Basic | 247.1 | 245.9 | 246.8 | 245.5 | |||||||||||||||||||
| Weighted-average Common Shares Outstanding – Diluted | 249.2 | 247.5 | 248.4 | 247.0 | |||||||||||||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| September 30, 2020 | December 31, 2019 | ||||||||||
| ASSETS | |||||||||||
| Current Assets: | |||||||||||
| Cash and cash equivalents | $ | 6 | $ | 16 | |||||||
| Accounts receivable - trade (less allowance for doubtful accounts) | 525 | 393 | |||||||||
| Unbilled revenue | 221 | 278 | |||||||||
| Miscellaneous accounts receivable | 71 | 63 | |||||||||
| Inventories | 557 | 494 | |||||||||
| Other current assets | 210 | 187 | |||||||||
| Total current assets | 1,590 | 1,431 | |||||||||
| Property, Plant, and Equipment, Net | 25,541 | 24,376 | |||||||||
| Investments and Other Assets: | |||||||||||
| Nuclear decommissioning trust fund | 904 | 847 | |||||||||
| Goodwill | 411 | 411 | |||||||||
| Regulatory assets | 1,078 | 992 | |||||||||
| Other assets | 993 | 876 | |||||||||
| Total investments and other assets | 3,386 | 3,126 | |||||||||
| TOTAL ASSETS | $ | 30,517 | $ | 28,933 | |||||||
| LIABILITIES AND EQUITY | |||||||||||
| Current Liabilities: | |||||||||||
| Current maturities of long-term debt | $ | 357 | $ | 442 | |||||||
| Short-term debt | 272 | 440 | |||||||||
| Accounts and wages payable | 640 | 874 | |||||||||
| Taxes accrued | 199 | 37 | |||||||||
| Customer deposits | 109 | 111 | |||||||||
| Current regulatory liabilities | 96 | 164 | |||||||||
| Other current liabilities | 432 | 437 | |||||||||
| Total current liabilities | 2,105 | 2,505 | |||||||||
| Long-term Debt, Net | 10,172 | 8,915 | |||||||||
| Deferred Credits and Other Liabilities: | |||||||||||
| Accumulated deferred income taxes and investment tax credits, net | 3,151 | 2,919 | |||||||||
| Regulatory liabilities | 4,972 | 4,887 | |||||||||
| Asset retirement obligations | 675 | 638 | |||||||||
| Pension and other postretirement benefits | 373 | 401 | |||||||||
| Other deferred credits and liabilities | 438 | 467 | |||||||||
| Total deferred credits and other liabilities | 9,609 | 9,312 | |||||||||
| Ameren Corporation Shareholders’ Equity: | |||||||||||
| Common stock | 2 | 2 | |||||||||
| Other paid-in capital, principally premium on common stock | 5,733 | 5,694 | |||||||||
| Retained earnings | 2,769 | 2,380 | |||||||||
| Accumulated other comprehensive loss | (15) | (17) | |||||||||
| Total Ameren Corporation shareholders’ equity | 8,489 | 8,059 | |||||||||
| Noncontrolling Interests | 142 | 142 | |||||||||
| Total equity | 8,631 | 8,201 | |||||||||
| TOTAL LIABILITIES AND EQUITY | $ | 30,517 | $ | 28,933 | |||||||
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Nine Months Ended September 30, | |||||||||||
| 2020 | 2019 | ||||||||||
| Cash Flows From Operating Activities: | |||||||||||
| Net income | $ | 761 | $ | 739 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation and amortization | 802 | 745 | |||||||||
| Amortization of nuclear fuel | 68 | 56 | |||||||||
| Amortization of debt issuance costs and premium/discounts | 16 | 14 | |||||||||
| Deferred income taxes and investment tax credits, net | 125 | 144 | |||||||||
| Allowance for equity funds used during construction | (25) | (20) | |||||||||
| Stock-based compensation costs | 16 | 15 | |||||||||
| Other | 14 | (11) | |||||||||
| Changes in assets and liabilities | (448) | (14) | |||||||||
| Net cash provided by operating activities | 1,329 | 1,668 | |||||||||
| Cash Flows From Investing Activities: | |||||||||||
| Capital expenditures | (1,884) | (1,761) | |||||||||
| Nuclear fuel expenditures | (61) | (26) | |||||||||
| Purchases of securities – nuclear decommissioning trust fund | (169) | (192) | |||||||||
| Sales and maturities of securities – nuclear decommissioning trust fund | 135 | 184 | |||||||||
| Purchase of bonds | — | (207) | |||||||||
| Proceeds from sale of remarketed bonds | — | 207 | |||||||||
| Other | (2) | (3) | |||||||||
| Net cash used in investing activities | (1,981) | (1,798) | |||||||||
| Cash Flows From Financing Activities: | |||||||||||
| Dividends on common stock | (367) | (350) | |||||||||
| Dividends paid to noncontrolling interest holders | (5) | (5) | |||||||||
| Short-term debt, net | (168) | (53) | |||||||||
| Maturities of long-term debt | (85) | (329) | |||||||||
| Issuances of long-term debt | 1,263 | 900 | |||||||||
| Issuances of common stock | 37 | 54 | |||||||||
| Employee payroll taxes related to stock-based compensation | (20) | (29) | |||||||||
| Debt issuance costs | (11) | (10) | |||||||||
| Net cash provided by financing activities | 644 | 178 | |||||||||
| Net change in cash, cash equivalents, and restricted cash | (8) | 48 | |||||||||
| Cash, cash equivalents, and restricted cash at beginning of year | 176 | 107 | |||||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 168 | $ | 155 | |||||||