Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - AMEREN CORP | d8k.htm |
| EX-99.1 - PRESS RELEASE - AMEREN CORP | dex991.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
| Three Months Ended March 31, |
||||||||
| 2011 | 2010 | |||||||
| Operating Revenues: |
||||||||
| Electric |
$ | 1,470 | $ | 1,455 | ||||
| Gas |
434 | 485 | ||||||
| Total operating revenues |
1,904 | 1,940 | ||||||
| Operating Expenses: |
||||||||
| Fuel |
379 | 293 | ||||||
| Purchased power |
227 | 271 | ||||||
| Gas purchased for resale |
288 | 333 | ||||||
| Other operations and maintenance |
463 | 437 | ||||||
| Depreciation and amortization |
195 | 187 | ||||||
| Taxes other than income taxes |
125 | 121 | ||||||
| Total operating expenses |
1,677 | 1,642 | ||||||
| Operating Income |
227 | 298 | ||||||
| Other Income and Expenses: |
||||||||
| Miscellaneous income |
16 | 22 | ||||||
| Miscellaneous expense |
5 | 7 | ||||||
| Total other income |
11 | 15 | ||||||
| Interest Charges |
119 | 132 | ||||||
| Income Before Income Taxes |
119 | 181 | ||||||
| Income Taxes |
45 | 75 | ||||||
| Net Income |
74 | 106 | ||||||
| Less: Net Income Attributable to Noncontrolling Interests |
3 | 4 | ||||||
| Net Income Attributable to Ameren Corporation |
$ | 71 | $ | 102 | ||||
| Earnings per Common Share - Basic and Diluted |
$ | 0.29 | $ | 0.43 | ||||
| Average Common Shares Outstanding |
240.6 | 237.6 | ||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| March 31, 2011 |
December 31, 2010 |
|||||||
| ASSETS | ||||||||
| Current Assets: |
||||||||
| Cash and cash equivalents |
$ | 573 | $ | 545 | ||||
| Accounts receivable - trade, net |
517 | 500 | ||||||
| Unbilled revenue |
310 | 406 | ||||||
| Miscellaneous accounts and notes receivable |
291 | 231 | ||||||
| Materials and supplies |
572 | 707 | ||||||
| Mark-to-market derivative assets |
137 | 129 | ||||||
| Current regulatory assets |
215 | 267 | ||||||
| Other current assets |
100 | 109 | ||||||
| Total current assets |
2,715 | 2,894 | ||||||
| Property and Plant, Net |
17,888 | 17,853 | ||||||
| Investments and Other Assets: |
||||||||
| Nuclear decommissioning trust fund |
353 | 337 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
7 | 7 | ||||||
| Regulatory assets |
1,217 | 1,263 | ||||||
| Other assets |
738 | 750 | ||||||
| Total investments and other assets |
2,726 | 2,768 | ||||||
| TOTAL ASSETS |
$ | 23,329 | $ | 23,515 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
||||||||
| Current maturities of long-term debt |
$ | 155 | $ | 155 | ||||
| Short-term debt |
334 | 269 | ||||||
| Accounts and wages payable |
401 | 651 | ||||||
| Taxes accrued |
134 | 63 | ||||||
| Interest accrued |
153 | 107 | ||||||
| Customer deposits |
100 | 100 | ||||||
| Mark-to-market derivative liabilities |
126 | 161 | ||||||
| Current regulatory liabilities |
140 | 99 | ||||||
| Other current liabilities |
294 | 283 | ||||||
| Total current liabilities |
1,837 | 1,888 | ||||||
| Credit Facility Borrowings |
270 | 460 | ||||||
| Long-term Debt, Net |
6,853 | 6,853 | ||||||
| Deferred Credits and Other Liabilities: |
||||||||
| Accumulated deferred income taxes, net |
2,938 | 2,886 | ||||||
| Accumulated deferred investment tax credits |
88 | 90 | ||||||
| Regulatory liabilities |
1,371 | 1,319 | ||||||
| Asset retirement obligations |
482 | 475 | ||||||
| Pension and other postretirement benefits |
1,057 | 1,045 | ||||||
| Other deferred credits and liabilities |
553 | 615 | ||||||
| Total deferred credits and other liabilities |
6,489 | 6,430 | ||||||
| Ameren Corporation Stockholders’ Equity: |
||||||||
| Common stock |
2 | 2 | ||||||
| Other paid-in capital, principally premium on common stock |
5,540 | 5,520 | ||||||
| Retained earnings |
2,203 | 2,225 | ||||||
| Accumulated other comprehensive loss |
(20) | (17) | ||||||
| Total Ameren Corporation stockholders’ equity |
7,725 | 7,730 | ||||||
| Noncontrolling Interests |
155 | 154 | ||||||
| Total equity |
7,880 | 7,884 | ||||||
| TOTAL LIABILITIES AND EQUITY |
$ | 23,329 | $ | 23,515 | ||||
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Three Months Ended March 31, |
||||||||
| 2011 | 2010 | |||||||
| Cash Flows From Operating Activities: |
||||||||
| Net income |
$ | 74 | $ | 106 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
||||||||
| Net mark-to-market gain on derivatives |
(16) | (31) | ||||||
| Depreciation and amortization |
196 | 190 | ||||||
| Amortization of nuclear fuel |
17 | 13 | ||||||
| Amortization of debt issuance costs and premium/discounts |
5 | 9 | ||||||
| Deferred income taxes and investment tax credits, net |
62 | 70 | ||||||
| Other |
(3) | (8) | ||||||
| Changes in assets and liabilities: |
||||||||
| Receivables |
17 | 40 | ||||||
| Materials and supplies |
135 | 148 | ||||||
| Accounts and wages payable |
(221) | (181) | ||||||
| Taxes accrued |
71 | 40 | ||||||
| Assets, other |
39 | (32) | ||||||
| Liabilities, other |
80 | 9 | ||||||
| Pension and other postretirement benefits |
28 | 30 | ||||||
| Counterparty collateral, net |
70 | (23) | ||||||
| Net cash provided by operating activities |
554 | 380 | ||||||
| Cash Flows From Investing Activities: |
||||||||
| Capital expenditures |
(227) | (289) | ||||||
| Nuclear fuel expenditures |
(18) | (23) | ||||||
| Purchases of securities - nuclear decommissioning trust fund |
(91) | (60) | ||||||
| Sales of securities - nuclear decommissioning trust fund |
87 | 56 | ||||||
| Other |
(1) | (1) | ||||||
| Net cash used in investing activities |
(250) | (317) | ||||||
| Cash Flows From Financing Activities: |
||||||||
| Dividends on common stock |
(93) | (91) | ||||||
| Dividends paid to noncontrolling interest holders |
(2) | (2) | ||||||
| Short-term and credit facility borrowings, net |
(125) | (220) | ||||||
| Issuances of common stock |
17 | 20 | ||||||
| Generator advances for construction refunded, net of receipts |
(73) | (32) | ||||||
| Net cash used in financing activities |
(276) | (325) | ||||||
| Net change in cash and cash equivalents |
28 | (262) | ||||||
| Cash and cash equivalents at beginning of year |
545 | 622 | ||||||
| Cash and cash equivalents at end of period |
$ | 573 | $ | 360 | ||||