Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMEREN CORP | d489177d8k.htm |
| EX-99.1 - EX-99.1 - AMEREN CORP | d489177dex991.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME (LOSS)
(Unaudited, in millions, except per share amounts)
| Three Months Ended December 31, |
Year Ended December 31, |
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| 2012 | 2011 | 2012 | 2011 | |||||||||||||
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| Operating Revenues: |
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| Electric |
$ | 1,210 | $ | 1,308 | $ | 5,904 | $ | 6,530 | ||||||||
| Gas |
299 | 270 | 924 | 1,001 | ||||||||||||
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| Total operating revenues |
1,509 | 1,578 | 6,828 | 7,531 | ||||||||||||
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| Operating Expenses: |
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| Fuel |
337 | 350 | 1,369 | 1,567 | ||||||||||||
| Purchased power |
122 | 170 | 654 | 966 | ||||||||||||
| Gas purchased for resale |
168 | 157 | 472 | 570 | ||||||||||||
| Other operations and maintenance |
443 | 452 | 1,752 | 1,820 | ||||||||||||
| Impairment and other charges |
1,950 | (1) | 2,578 | 125 | ||||||||||||
| Depreciation and amortization |
193 | 200 | 775 | 785 | ||||||||||||
| Taxes other than income taxes |
112 | 102 | 468 | 457 | ||||||||||||
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| Total operating expenses |
3,325 | 1,430 | 8,068 | 6,290 | ||||||||||||
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| Operating Income (Loss) |
(1,816) | 148 | (1,240) | 1,241 | ||||||||||||
| Other Income and Expenses: |
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| Miscellaneous income |
17 | 18 | 71 | 69 | ||||||||||||
| Miscellaneous expense |
8 | 8 | 37 | 23 | ||||||||||||
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| Total other income |
9 | 10 | 34 | 46 | ||||||||||||
| Interest Charges |
110 | 115 | 448 | 451 | ||||||||||||
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| Income (Loss) Before Income Taxes (Benefit) |
(1,917) | 43 | (1,654) | 836 | ||||||||||||
| Income Taxes (Benefit) |
(762) | 17 | (680) | 310 | ||||||||||||
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| Net Income (Loss) |
(1,155) | 26 | (974) | 526 | ||||||||||||
| Less: Net Income Attributable to Noncontrolling Interests |
1 | 1 | - | 7 | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation |
$ | (1,156) | $ | 25 | $ | (974) | $ | 519 | ||||||||
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| Earnings (Loss) per Common Share - Basic and Diluted |
$ | (4.76) | $ | 0.10 | $ | (4.01) | $ | 2.15 | ||||||||
| Average Common Shares Outstanding |
242.6 | 242.3 | 242.6 | 241.5 | ||||||||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| December 31, 2012 |
December 31, 2011 |
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| ASSETS | ||||||||
| Current Assets: |
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| Cash and cash equivalents |
$ | 209 | $ | 255 | ||||
| Accounts receivable - trade, net |
401 | 473 | ||||||
| Unbilled revenue |
322 | 324 | ||||||
| Miscellaneous accounts and notes receivable |
95 | 69 | ||||||
| Materials and supplies |
704 | 712 | ||||||
| Mark-to-market derivative assets |
125 | 115 | ||||||
| Current regulatory assets |
247 | 215 | ||||||
| Current accumulated deferred income taxes, net |
171 | 20 | ||||||
| Other current assets |
95 | 112 | ||||||
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| Total current assets |
2,369 | 2,295 | ||||||
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| Property and Plant, Net |
16,096 | 18,127 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
408 | 357 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
16 | 7 | ||||||
| Regulatory assets |
1,786 | 1,603 | ||||||
| Other assets |
749 | 845 | ||||||
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| Total investments and other assets |
3,370 | 3,223 | ||||||
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| TOTAL ASSETS |
$ | 21,835 | $ | 23,645 | ||||
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| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 355 | $ | 179 | ||||
| Short-term debt |
- | 148 | ||||||
| Accounts and wages payable |
625 | 693 | ||||||
| Taxes accrued |
68 | 65 | ||||||
| Interest accrued |
99 | 101 | ||||||
| Customer deposits |
108 | 98 | ||||||
| Mark-to-market derivative liabilities |
155 | 161 | ||||||
| Current regulatory liabilities |
100 | 133 | ||||||
| Other current liabilities |
188 | 207 | ||||||
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| Total current liabilities |
1,698 | 1,785 | ||||||
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| Long-term Debt, Net |
6,626 | 6,677 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
2,792 | 3,315 | ||||||
| Accumulated deferred investment tax credits |
72 | 79 | ||||||
| Regulatory liabilities |
1,589 | 1,502 | ||||||
| Asset retirement obligations |
445 | 428 | ||||||
| Pension and other postretirement benefits |
1,178 | 1,344 | ||||||
| Other deferred credits and liabilities |
668 | 447 | ||||||
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| Total deferred credits and other liabilities |
6,744 | 7,115 | ||||||
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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 |
5,616 | 5,598 | ||||||
| Retained earnings |
1,006 | 2,369 | ||||||
| Accumulated other comprehensive loss |
(8) | (50) | ||||||
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| Total Ameren Corporation stockholders’ equity |
6,616 | 7,919 | ||||||
| Noncontrolling Interests |
151 | 149 | ||||||
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| Total equity |
6,767 | 8,068 | ||||||
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| TOTAL LIABILITIES AND EQUITY |
$ | 21,835 | $ | 23,645 | ||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Year Ended December 31, |
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| 2012 | 2011 | |||||||
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| Cash Flows From Operating Activities: |
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| Net income (loss) |
$ | (974) | $ | 526 | ||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
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| Impairment and other charges |
2,578 | 125 | ||||||
| Net gain on sales of properties |
(11) | (15) | ||||||
| Net mark-to-market loss on derivatives |
22 | 11 | ||||||
| Depreciation and amortization |
735 | 747 | ||||||
| Amortization of nuclear fuel |
83 | 61 | ||||||
| Amortization of debt issuance costs and premium/discounts |
24 | 21 | ||||||
| Deferred income taxes and investment tax credits, net |
(714) | 346 | ||||||
| Allowance for equity funds used during construction |
(36) | (34) | ||||||
| Other |
25 | - | ||||||
| Changes in assets and liabilities: |
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| Receivables |
33 | 231 | ||||||
| Materials and supplies |
5 | (27) | ||||||
| Accounts and wages payable |
(29) | (36) | ||||||
| Taxes accrued |
3 | (3) | ||||||
| Assets, other |
(10) | 76 | ||||||
| Liabilities, other |
71 | (75) | ||||||
| Pension and other postretirement benefits |
(23) | (102) | ||||||
| Counterparty collateral, net |
46 | 27 | ||||||
| Premiums paid on long-term debt repurchases |
(138) | - | ||||||
| Taum Sauk insurance recoveries, net of costs |
- | (1) | ||||||
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| Net cash provided by operating activities |
1,690 | 1,878 | ||||||
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| Cash Flows From Investing Activities: |
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| Capital expenditures |
(1,240) | (1,030) | ||||||
| Nuclear fuel expenditures |
(91) | (62) | ||||||
| Purchases of securities - nuclear decommissioning trust fund |
(403) | (220) | ||||||
| Sales and maturities of securities - nuclear decommissioning trust fund |
384 | 199 | ||||||
| Proceeds from sales of properties |
22 | 53 | ||||||
| Tax grants received related to renewable energy properties |
18 | - | ||||||
| Other |
- | 12 | ||||||
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| Net cash used in investing activities |
(1,310) | (1,048) | ||||||
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| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(382) | (375) | ||||||
| Dividends paid to noncontrolling interest holders |
(6) | (6) | ||||||
| Short-term debt and credit facility repayments, net |
(148) | (581) | ||||||
| Redemptions, repurchases, and maturities of long-term debt |
(760) | (155) | ||||||
| Issuances: |
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| Long-term debt |
882 | - | ||||||
| Common stock |
- | 65 | ||||||
| Capital issuance costs |
(16) | - | ||||||
| Generator advances received for construction |
4 | 5 | ||||||
| Repayments of generator advances received for construction |
- | (73) | ||||||
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| Net cash used in financing activities |
(426) | (1,120) | ||||||
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| Net change in cash and cash equivalents |
(46) | (290) | ||||||
| Cash and cash equivalents at beginning of year |
255 | 545 | ||||||
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| Cash and cash equivalents at end of year |
$ | 209 | $ | 255 | ||||
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