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 | Six Months Ended | |||||||||||||||
| June 30, | June 30, | |||||||||||||||
| 2011 | 2010 | 2011 | 2010 | |||||||||||||
| Operating Revenues: |
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| Electric |
$ | 1,614 | $ | 1,552 | $ | 3,084 | $ | 3,007 | ||||||||
| Gas |
167 | 173 | 601 | 658 | ||||||||||||
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| Total operating revenues |
1,781 | 1,725 | 3,685 | 3,665 | ||||||||||||
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| Operating Expenses: |
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| Fuel |
371 | 286 | 750 | 579 | ||||||||||||
| Purchased power |
237 | 268 | 464 | 539 | ||||||||||||
| Gas purchased for resale |
79 | 83 | 367 | 416 | ||||||||||||
| Other operations and maintenance |
475 | 465 | 938 | 902 | ||||||||||||
| Depreciation and amortization |
194 | 190 | 389 | 377 | ||||||||||||
| Taxes other than income taxes |
109 | 102 | 234 | 223 | ||||||||||||
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| Total operating expenses |
1,465 | 1,394 | 3,142 | 3,036 | ||||||||||||
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| Operating Income |
316 | 331 | 543 | 629 | ||||||||||||
| Other Income and Expenses: |
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| Miscellaneous income |
17 | 24 | 33 | 46 | ||||||||||||
| Miscellaneous expense |
5 | 2 | 10 | 9 | ||||||||||||
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| Total other income |
12 | 22 | 23 | 37 | ||||||||||||
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| Interest Charges |
104 | 115 | 223 | 247 | ||||||||||||
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| Income Before Income Taxes |
224 | 238 | 343 | 419 | ||||||||||||
| Income Taxes |
85 | 83 | 130 | 158 | ||||||||||||
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| Net Income |
139 | 155 | 213 | 261 | ||||||||||||
| Less: Net Income Attributable to Noncontrolling Interests |
1 | 3 | 4 | 7 | ||||||||||||
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| Net Income Attributable to Ameren Corporation |
$ | 138 | $ | 152 | $ | 209 | $ | 254 | ||||||||
| Earnings per Common Share - Basic and Diluted |
$ | 0.57 | $ | 0.64 | $ | 0.87 | $ | 1.07 | ||||||||
| Average Common Shares Outstanding |
241.2 | 238.4 | 240.9 | 238.0 | ||||||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| June 30, | December 31, | |||||||
| 2011 | 2010 | |||||||
| ASSETS |
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| Current Assets: |
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| Cash and cash equivalents |
$ | 378 | $ | 545 | ||||
| Accounts receivable - trade, net |
507 | 500 | ||||||
| Unbilled revenue |
368 | 406 | ||||||
| Miscellaneous accounts and notes receivable |
249 | 231 | ||||||
| Materials and supplies |
654 | 707 | ||||||
| Mark-to-market derivative assets |
159 | 129 | ||||||
| Current regulatory assets |
184 | 267 | ||||||
| Other current assets |
104 | 109 | ||||||
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| Total current assets |
2,603 | 2,894 | ||||||
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| Property and Plant, Net |
17,945 | 17,853 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
356 | 337 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
4 | 7 | ||||||
| Regulatory assets |
1,224 | 1,263 | ||||||
| Other assets |
848 | 750 | ||||||
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| Total investments and other assets |
2,843 | 2,768 | ||||||
| TOTAL ASSETS |
$ | 23,391 | $ | 23,515 | ||||
| LIABILITIES AND EQUITY |
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| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 5 | $ | 155 | ||||
| Short-term debt |
337 | 269 | ||||||
| Accounts and wages payable |
482 | 651 | ||||||
| Taxes accrued |
139 | 63 | ||||||
| Interest accrued |
107 | 107 | ||||||
| Customer deposits |
100 | 100 | ||||||
| Mark-to-market derivative liabilities |
135 | 161 | ||||||
| Current regulatory liabilities |
160 | 99 | ||||||
| Other current liabilities |
262 | 283 | ||||||
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| Total current liabilities |
1,727 | 1,888 | ||||||
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| Credit Facility Borrowings |
200 | 460 | ||||||
| Long-term Debt, Net |
6,854 | 6,853 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,121 | 2,886 | ||||||
| Accumulated deferred investment tax credits |
87 | 90 | ||||||
| Regulatory liabilities |
1,424 | 1,319 | ||||||
| Asset retirement obligations |
487 | 475 | ||||||
| Pension and other postretirement benefits |
1,067 | 1,045 | ||||||
| Other deferred credits and liabilities |
481 | 615 | ||||||
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| Total deferred credits and other liabilities |
6,667 | 6,430 | ||||||
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| Ameren Corporation Stockholders’ Equity: |
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| Common stock |
2 | 2 | ||||||
| Other paid-in capital, principally premium on common stock |
5,559 | 5,520 | ||||||
| Retained earnings |
2,248 | 2,225 | ||||||
| Accumulated other comprehensive loss |
(21 | ) | (17 | ) | ||||
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| Total Ameren Corporation stockholders’ equity |
7,788 | 7,730 | ||||||
| Noncontrolling Interests |
155 | 154 | ||||||
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| Total equity |
7,943 | 7,884 | ||||||
| TOTAL LIABILITIES AND EQUITY |
$ | 23,391 | $ | 23,515 | ||||
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Six Months Ended | ||||||||
| June 30, | ||||||||
| 2011 | 2010 | |||||||
| Cash Flows From Operating Activities: |
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| Net income |
$ | 213 | $ | 261 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
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| Gain on sales of properties |
(11 | ) | (5 | ) | ||||
| Net mark-to-market gain on derivatives |
(5 | ) | – | |||||
| Depreciation and amortization |
391 | 387 | ||||||
| Amortization of nuclear fuel |
34 | 19 | ||||||
| Amortization of debt issuance costs and premium/discounts |
12 | 12 | ||||||
| Deferred income taxes and investment tax credits, net |
221 | 175 | ||||||
| Allowance for equity funds used during construction |
(15 | ) | (26 | ) | ||||
| Other |
10 | 5 | ||||||
| Changes in assets and liabilities: |
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| Receivables |
(55 | ) | (36 | ) | ||||
| Materials and supplies |
55 | 108 | ||||||
| Accounts and wages payable |
(133 | ) | (125 | ) | ||||
| Taxes accrued |
76 | 75 | ||||||
| Assets, other |
60 | (99 | ) | |||||
| Liabilities, other |
(3 | ) | – | |||||
| Pension and other postretirement benefits |
31 | 33 | ||||||
| Counterparty collateral, net |
23 | (69 | ) | |||||
| Taum Sauk insurance recoveries, net of costs |
(1 | ) | 56 | |||||
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| Net cash provided by operating activities |
903 | 771 | ||||||
| Cash Flows From Investing Activities: |
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| Capital expenditures |
(507 | ) | (547 | ) | ||||
| Nuclear fuel expenditures |
(33 | ) | (22 | ) | ||||
| Purchases of securities - nuclear decommissioning trust fund |
(125 | ) | (118 | ) | ||||
| Sales of securities - nuclear decommissioning trust fund |
113 | 110 | ||||||
| Proceeds from sales of properties |
49 | 20 | ||||||
| Other |
5 | (3 | ) | |||||
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| Net cash used in investing activities |
(498 | ) | (560 | ) | ||||
| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(186 | ) | (183 | ) | ||||
| Dividends paid to noncontrolling interest holders |
(3 | ) | (5 | ) | ||||
| Short-term and credit facility repayments, net |
(192 | ) | (160 | ) | ||||
| Maturities of long-term debt |
(150 | ) | – | |||||
| Issuances of common stock |
32 | 43 | ||||||
| Generator advances for construction refunded, net of receipts |
(73 | ) | (22 | ) | ||||
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| Net cash used in financing activities |
(572 | ) | (327 | ) | ||||
| Net change in cash and cash equivalents |
(167 | ) | (116 | ) | ||||
| Cash and cash equivalents at beginning of year |
545 | 622 | ||||||
| Cash and cash equivalents at end of period |
$ | 378 | $ | 506 | ||||