Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMEREN CORP | d768471d8k.htm |
| EX-99.1 - EX-99.1 - AMEREN CORP | d768471dex991.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME (LOSS)
(Unaudited, in millions, except per share amounts)
| Three Months Ended June 30, |
Six Months Ended June 30, |
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| 2014 | 2013 | 2014 | 2013 | |||||||||||||
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| Operating Revenues: |
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| Electric |
$ | 1,235 | $ | 1,228 | $ | 2,341 | $ | 2,316 | ||||||||
| Gas |
184 | 175 | 672 | 562 | ||||||||||||
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| Total operating revenues |
1,419 | 1,403 | 3,013 | 2,878 | ||||||||||||
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| Operating Expenses: |
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| Fuel |
198 | 213 | 402 | 426 | ||||||||||||
| Purchased power |
111 | 121 | 223 | 272 | ||||||||||||
| Gas purchased for resale |
79 | 72 | 383 | 302 | ||||||||||||
| Other operations and maintenance |
412 | 447 | 832 | 846 | ||||||||||||
| Depreciation and amortization |
183 | 178 | 364 | 353 | ||||||||||||
| Taxes other than income taxes |
114 | 111 | 241 | 233 | ||||||||||||
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| Total operating expenses |
1,097 | 1,142 | 2,445 | 2,432 | ||||||||||||
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| Operating Income |
322 | 261 | 568 | 446 | ||||||||||||
| Other Income and Expenses: |
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| Miscellaneous income |
21 | 16 | 39 | 31 | ||||||||||||
| Miscellaneous expense |
4 | 5 | 13 | 13 | ||||||||||||
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| Total other income |
17 | 11 | 26 | 18 | ||||||||||||
| Interest Charges |
89 | 100 | 181 | 201 | ||||||||||||
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| Income Before Income Taxes |
250 | 172 | 413 | 263 | ||||||||||||
| Income Taxes |
99 | 66 | 163 | 101 | ||||||||||||
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| Income from Continuing Operations |
151 | 106 | 250 | 162 | ||||||||||||
| Loss from Discontinued Operations, Net of Taxes |
(1) | (10) | (2) | (209) | ||||||||||||
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| Net Income (Loss) |
150 | 96 | 248 | (47) | ||||||||||||
| Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests |
1 | 1 | 3 | 3 | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation: |
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| Continuing Operations |
150 | 105 | 247 | 159 | ||||||||||||
| Discontinued Operations |
(1) | (10) | (2) | (209) | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation |
$ | 149 | $ | 95 | $ | 245 | $ | (50) | ||||||||
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| Earnings (Loss) per Common Share - Basic: |
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| Continuing Operations |
$ | 0.62 | $ | 0.44 | $ | 1.02 | $ | 0.66 | ||||||||
| Discontinued Operations |
(0.01) | (0.05) | (0.01) | (0.87) | ||||||||||||
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| Earnings (Loss) per Common Share - Basic |
$ | 0.61 | $ | 0.39 | $ | 1.01 | $ | (0.21) | ||||||||
| Average Common Shares Outstanding - Basic |
242.6 | 242.6 | 242.6 | 242.6 | ||||||||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| June 30, 2014 |
December 31, 2013 |
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| ASSETS | ||||||||
| Current Assets: |
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| Cash and cash equivalents |
$ | 46 | $ | 30 | ||||
| Accounts receivable - trade (less allowance for doubtful accounts) |
454 | 404 | ||||||
| Unbilled revenue |
299 | 304 | ||||||
| Miscellaneous accounts and notes receivable |
213 | 196 | ||||||
| Materials and supplies |
491 | 526 | ||||||
| Current regulatory assets |
202 | 156 | ||||||
| Current accumulated deferred income taxes, net |
177 | 106 | ||||||
| Other current assets |
68 | 85 | ||||||
| Assets of discontinued operations |
15 | 165 | ||||||
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| Total current assets |
1,965 | 1,972 | ||||||
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| Property and Plant, Net |
16,726 | 16,205 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
523 | 494 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
19 | 22 | ||||||
| Regulatory assets |
1,213 | 1,240 | ||||||
| Other assets |
731 | 698 | ||||||
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| Total investments and other assets |
2,897 | 2,865 | ||||||
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| TOTAL ASSETS |
$ | 21,588 | $ | 21,042 | ||||
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| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 119 | $ | 534 | ||||
| Short-term debt |
793 | 368 | ||||||
| Accounts and wages payable |
575 | 806 | ||||||
| Taxes accrued |
132 | 55 | ||||||
| Interest accrued |
92 | 86 | ||||||
| Current regulatory liabilities |
218 | 216 | ||||||
| Other current liabilities |
350 | 351 | ||||||
| Liabilities of discontinued operations |
33 | 45 | ||||||
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| Total current liabilities |
2,312 | 2,461 | ||||||
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| Long-term Debt, Net |
5,825 | 5,504 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,526 | 3,250 | ||||||
| Accumulated deferred investment tax credits |
60 | 63 | ||||||
| Regulatory liabilities |
1,784 | 1,705 | ||||||
| Asset retirement obligations |
380 | 369 | ||||||
| Pension and other postretirement benefits |
463 | 466 | ||||||
| Other deferred credits and liabilities |
524 | 538 | ||||||
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| Total deferred credits and other liabilities |
6,737 | 6,391 | ||||||
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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 |
5,607 | 5,632 | ||||||
| Retained earnings |
957 | 907 | ||||||
| Accumulated other comprehensive income |
6 | 3 | ||||||
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| Total Ameren Corporation stockholders’ equity |
6,572 | 6,544 | ||||||
| Noncontrolling Interests |
142 | 142 | ||||||
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| Total equity |
6,714 | 6,686 | ||||||
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| TOTAL LIABILITIES AND EQUITY |
$ | 21,588 | $ | 21,042 | ||||
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AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Six Months Ended June 30, |
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| 2014 | 2013 | |||||||
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| Cash Flows From Operating Activities: |
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| Net income (loss) |
$ | 248 | $ | (47) | ||||
| Loss from discontinued operations, net of taxes |
2 | 209 | ||||||
| Adjustments to reconcile net income to net cash provided by operating activities: |
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| Depreciation and amortization |
349 | 334 | ||||||
| Amortization of nuclear fuel |
47 | 29 | ||||||
| Amortization of debt issuance costs and premium/discounts |
11 | 12 | ||||||
| Deferred income taxes and investment tax credits, net |
178 | 70 | ||||||
| Allowance for equity funds used during construction |
(16) | (16) | ||||||
| Stock-based compensation costs |
15 | 14 | ||||||
| Other |
(8) | 18 | ||||||
| Changes in assets and liabilities |
(168) | 106 | ||||||
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| Net cash provided by operating activities - continuing operations |
658 | 729 | ||||||
| Net cash provided by (used in) operating activities - discontinued operations |
(4) | 39 | ||||||
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| Net cash provided by operating activities |
654 | 768 | ||||||
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| Cash Flows From Investing Activities: |
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| Capital expenditures |
(883) | (575) | ||||||
| Nuclear fuel expenditures |
(26) | (25) | ||||||
| Purchases of securities - nuclear decommissioning trust fund |
(290) | (97) | ||||||
| Sales and maturities of securities - nuclear decommissioning trust fund |
283 | 89 | ||||||
| Proceeds from note receivable - Illinois Power Marketing Company |
70 | - | ||||||
| Contributions to note receivable - Illinois Power Marketing Company |
(78) | - | ||||||
| Other |
2 | 2 | ||||||
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| Net cash used in investing activities - continuing operations |
(922) | (606) | ||||||
| Net cash provided by (used in) investing activities - discontinued operations |
152 | (31) | ||||||
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| Net cash used in investing activities |
(770) | (637) | ||||||
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| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(194) | (194) | ||||||
| Dividends paid to noncontrolling interest holders |
(3) | (3) | ||||||
| Short-term debt, net |
425 | 25 | ||||||
| Redemptions of long-term debt |
(692) | - | ||||||
| Issuances of long-term debt |
598 | - | ||||||
| Capital issuance costs |
(4) | - | ||||||
| Advances received for construction |
2 | 7 | ||||||
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| Net cash provided by (used in) financing activities - continuing operations |
132 | (165) | ||||||
| Net cash used in financing activities - discontinued operations |
- | - | ||||||
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| Net cash provided by (used in) financing activities |
132 | (165) | ||||||
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| Net change in cash and cash equivalents |
16 | (34) | ||||||
| Cash and cash equivalents at beginning of year |
30 | 209 | ||||||
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| Cash and cash equivalents at end of period |
46 | 175 | ||||||
| Less cash and cash equivalents at end of period - discontinued operations |
- | 25 | ||||||
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| Cash and cash equivalents at end of period - continuing operations |
$ | 46 | $ | 150 | ||||
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