AMEREN CORP - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - May 4, 2017

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Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
 
 
Three Months Ended March 31,
 
2017
 
2016
Operating Revenues:
 
 
 
Electric
$
1,206

 
$
1,102

Gas
308

 
332

Total operating revenues
1,514

 
1,434

Operating Expenses:
 
 
 
Fuel
206

 
203

Purchased power
180

 
138

Gas purchased for resale
130

 
152

Other operations and maintenance
405

 
400

Depreciation and amortization
221

 
207

Taxes other than income taxes
118

 
114

Total operating expenses
1,260

 
1,214

Operating Income
254

 
220

Other Income and Expenses:
 
 
 
Miscellaneous income
15

 
20

Miscellaneous expense
9

 
7

Total other income
6

 
13

Interest Charges
99

 
95

Income Before Income Taxes
161

 
138

Income Taxes
57

 
31

Net Income
104

 
107

Less: Net Income Attributable to Noncontrolling Interests
2

 
2

Net Income Attributable to Ameren Common Shareholders
$
102

 
$
105

 
 
 
 
Earnings per Common Share – Basic and Diluted
$
0.42

 
$
0.43

 
 
 
 
Average Common Shares Outstanding – Basic
242.6

 
242.6





AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)

 
March 31, 2017
 
December 31, 2016
ASSETS
 
 
 
Current Assets:
 
 
 
Cash and cash equivalents
$
8

 
$
9

Accounts receivable - trade (less allowance for doubtful accounts)
457

 
437

Unbilled revenue
228

 
295

Miscellaneous accounts receivable
67

 
63

Inventories
467

 
527

Current regulatory assets
118

 
149

Other current assets
105

 
113

Total current assets
1,450

 
1,593

Property, Plant, and Equipment, Net
20,298

 
20,113

Investments and Other Assets:
 
 
 
Nuclear decommissioning trust fund
635

 
607

Goodwill
411

 
411

Regulatory assets
1,485

 
1,437

Other assets
532

 
538

Total investments and other assets
3,063

 
2,993

TOTAL ASSETS
$
24,811

 
$
24,699

LIABILITIES AND EQUITY
 
 
 
Current Liabilities:
 
 
 
Current maturities of long-term debt
$
681

 
$
681

Short-term debt
914

 
558

Accounts and wages payable
460

 
805

Taxes accrued
77

 
46

Interest accrued
100

 
93

Customer deposits
106

 
107

Current regulatory liabilities
144

 
110

Other current liabilities
280

 
274

Total current liabilities
2,762

 
2,674

Long-term Debt, Net
6,597

 
6,595

Deferred Credits and Other Liabilities:
 
 
 
Accumulated deferred income taxes, net
4,321

 
4,264

Accumulated deferred investment tax credits
53

 
55

Regulatory liabilities
1,982

 
1,985

Asset retirement obligations
641

 
635

Pension and other postretirement benefits
768

 
769

Other deferred credits and liabilities
481

 
477

Total deferred credits and other liabilities
8,246

 
8,185

Ameren Corporation Shareholders’ Equity:
 
 
 
Common stock
2

 
2

Other paid-in capital, principally premium on common stock
5,522

 
5,556

Retained earnings
1,563

 
1,568

Accumulated other comprehensive loss
(23
)
 
(23
)
Total Ameren Corporation shareholders’ equity
7,064

 
7,103

Noncontrolling Interests
142

 
142

Total equity
7,206

 
7,245

TOTAL LIABILITIES AND EQUITY
$
24,811

 
$
24,699





AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 
Three Months Ended March 31,
 
2017
 
2016
Cash Flows From Operating Activities:
 
 
 
Net income
$
104

 
$
107

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
217

 
210

Amortization of nuclear fuel
24

 
24

Amortization of debt issuance costs and premium/discounts
6

 
6

Deferred income taxes and investment tax credits, net
51

 
42

Allowance for equity funds used during construction
(6
)
 
(8
)
Share-based compensation costs
4

 
6

Other
(4
)
 
(3
)
Changes in assets and liabilities
(65
)
 
(35
)
Net cash provided by operating activities
331

 
349

Cash Flows From Investing Activities:
 
 
 
Capital expenditures
(504
)
 
(496
)
Nuclear fuel expenditures
(27
)
 
(21
)
Purchases of securities – nuclear decommissioning trust fund
(64
)
 
(130
)
Sales and maturities of securities – nuclear decommissioning trust fund
58

 
125

Other
(2
)
 
12

Net cash used in investing activities
(539
)
 
(510
)
Cash Flows From Financing Activities:
 
 
 
Dividends on common stock
(107
)
 
(103
)
Dividends paid to noncontrolling interest holders
(2
)
 
(2
)
Short-term debt, net
356

 
280

Maturities of long-term debt
—

 
(260
)
Share-based payments
(39
)
 
(32
)
Other
(1
)
 
(1
)
Net cash provided by (used in) financing activities
207

 
(118
)
Net change in cash and cash equivalents
(1
)
 
(279
)
Cash and cash equivalents at beginning of year
9

 
292

Cash and cash equivalents at end of period
$
8

 
$
13



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