Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMEREN CORP | aee-20210510.htm |
| EX-99.1 - EX-99.1 - AMEREN CORP | q12021ex991earningsrelease.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
| Three Months Ended March 31, | |||||||||||
| 2021 | 2020 | ||||||||||
| Operating Revenues: | |||||||||||
| Electric | $ | 1,156 | $ | 1,120 | |||||||
| Natural gas | 410 | 320 | |||||||||
| Total operating revenues | 1,566 | 1,440 | |||||||||
| Operating Expenses: | |||||||||||
| Fuel | 65 | 140 | |||||||||
| Purchased power | 191 | 134 | |||||||||
| Natural gas purchased for resale | 165 | 107 | |||||||||
| Other operations and maintenance | 420 | 438 | |||||||||
| Depreciation and amortization | 281 | 255 | |||||||||
| Taxes other than income taxes | 128 | 125 | |||||||||
| Total operating expenses | 1,250 | 1,199 | |||||||||
| Operating Income | 316 | 241 | |||||||||
| Other Income, Net | 46 | 21 | |||||||||
| Interest Charges | 100 | 93 | |||||||||
| Income Before Income Taxes | 262 | 169 | |||||||||
| Income Taxes | 27 | 21 | |||||||||
| Net Income | 235 | 148 | |||||||||
| Less: Net Income Attributable to Noncontrolling Interests | 2 | 2 | |||||||||
| Net Income Attributable to Ameren Common Shareholders | $ | 233 | $ | 146 | |||||||
| Earnings per Common Share – Basic | $ | 0.92 | $ | 0.59 | |||||||
| Earnings per Common Share – Diluted | $ | 0.91 | $ | 0.59 | |||||||
| Weighted-average Common Shares Outstanding – Basic | 254.4 | 246.4 | |||||||||
| Weighted-average Common Shares Outstanding – Diluted | 255.9 | 248.1 | |||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| March 31, 2021 | December 31, 2020 | ||||||||||
| ASSETS | |||||||||||
| Current Assets: | |||||||||||
| Cash and cash equivalents | $ | 6 | $ | 139 | |||||||
| Accounts receivable - trade (less allowance for doubtful accounts) | 464 | 415 | |||||||||
| Unbilled revenue | 210 | 269 | |||||||||
| Miscellaneous accounts receivable | 61 | 65 | |||||||||
| Inventories | 467 | 521 | |||||||||
| Restricted cash | 134 | 17 | |||||||||
| Current regulatory assets | 367 | 109 | |||||||||
| Other current assets | 114 | 118 | |||||||||
| Total current assets | 1,823 | 1,653 | |||||||||
| Property, Plant, and Equipment, Net | 27,307 | 26,807 | |||||||||
| Investments and Other Assets: | |||||||||||
| Nuclear decommissioning trust fund | 1,010 | 982 | |||||||||
| Goodwill | 411 | 411 | |||||||||
| Regulatory assets | 1,249 | 1,100 | |||||||||
| Other assets | 989 | 1,077 | |||||||||
| Total investments and other assets | 3,659 | 3,570 | |||||||||
| TOTAL ASSETS | $ | 32,789 | $ | 32,030 | |||||||
| LIABILITIES AND EQUITY | |||||||||||
| Current Liabilities: | |||||||||||
| Current maturities of long-term debt | $ | 8 | $ | 8 | |||||||
| Short-term debt | 889 | 490 | |||||||||
| Accounts and wages payable | 581 | 958 | |||||||||
| Taxes accrued | 128 | 82 | |||||||||
| Interest accrued | 84 | 114 | |||||||||
| Current regulatory liabilities | 225 | 121 | |||||||||
| Other current liabilities | 392 | 407 | |||||||||
| Total current liabilities | 2,307 | 2,180 | |||||||||
| Long-term Debt, Net | 11,527 | 11,078 | |||||||||
| Deferred Credits and Other Liabilities: | |||||||||||
| Accumulated deferred income taxes and tax credits, net | 3,253 | 3,211 | |||||||||
| Regulatory liabilities | 5,230 | 5,282 | |||||||||
| Asset retirement obligations | 705 | 696 | |||||||||
| Pension and other postretirement benefits | 38 | 37 | |||||||||
| Other deferred credits and liabilities | 452 | 466 | |||||||||
| Total deferred credits and other liabilities | 9,678 | 9,692 | |||||||||
| Ameren Corporation Shareholders’ Equity: | |||||||||||
| Common stock | 3 | 3 | |||||||||
| Other paid-in capital, principally premium on common stock | 6,295 | 6,179 | |||||||||
| Retained earnings | 2,850 | 2,757 | |||||||||
| Accumulated other comprehensive loss | — | (1) | |||||||||
| Total Ameren Corporation shareholders’ equity | 9,148 | 8,938 | |||||||||
| Noncontrolling Interests | 129 | 142 | |||||||||
| Total equity | 9,277 | 9,080 | |||||||||
| TOTAL LIABILITIES AND EQUITY | $ | 32,789 | $ | 32,030 | |||||||
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Three Months Ended March 31, | |||||||||||
| 2021 | 2020 | ||||||||||
| Cash Flows From Operating Activities: | |||||||||||
| Net income | $ | 235 | $ | 148 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation and amortization | 295 | 263 | |||||||||
| Amortization of nuclear fuel | — | 23 | |||||||||
| Amortization of debt issuance costs and premium/discounts | 5 | 5 | |||||||||
| Deferred income taxes and investment tax credits, net | 26 | 23 | |||||||||
| Allowance for equity funds used during construction | (7) | (4) | |||||||||
| Stock-based compensation costs | 6 | 6 | |||||||||
| Other | 8 | 17 | |||||||||
| Changes in assets and liabilities | (603) | (191) | |||||||||
| Net cash provided by (used in) operating activities | (35) | 290 | |||||||||
| Cash Flows From Investing Activities: | |||||||||||
| Capital expenditures | (694) | (636) | |||||||||
| Wind generation expenditures | (193) | — | |||||||||
| Nuclear fuel expenditures | (1) | (35) | |||||||||
| Purchases of securities – nuclear decommissioning trust fund | (152) | (96) | |||||||||
| Sales and maturities of securities – nuclear decommissioning trust fund | 150 | 81 | |||||||||
| Other | 1 | 2 | |||||||||
| Net cash used in investing activities | (889) | (684) | |||||||||
| Cash Flows From Financing Activities: | |||||||||||
| Dividends on common stock | (140) | (122) | |||||||||
| Dividends paid to noncontrolling interest holders | (2) | (2) | |||||||||
| Short-term debt, net | 399 | 175 | |||||||||
| Maturities of long-term debt | — | (85) | |||||||||
| Issuances of long-term debt | 450 | 465 | |||||||||
| Issuances of common stock | 125 | 13 | |||||||||
| Redemptions of Ameren Illinois preferred stock | (13) | — | |||||||||
| Employee payroll taxes related to stock-based compensation | (17) | (20) | |||||||||
| Debt issuance costs | (3) | (3) | |||||||||
| Other | (4) | — | |||||||||
| Net cash provided by financing activities | 795 | 421 | |||||||||
| Net change in cash, cash equivalents, and restricted cash | (129) | 27 | |||||||||
| Cash, cash equivalents, and restricted cash at beginning of year | 301 | 176 | |||||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 172 | $ | 203 | |||||||