AMEREN CORP - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - May 9, 2018

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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,
 
2018
 
2017
Operating Revenues:
 
 
 
Electric
$
1,223

 
$
1,207

Natural gas
362

 
308

Total operating revenues
1,585

 
1,515

Operating Expenses:
 
 
 
Fuel
188

 
206

Purchased power
163

 
180

Natural gas purchased for resale
171

 
130

Other operations and maintenance
431

 
418

Depreciation and amortization
234

 
221

Taxes other than income taxes
125

 
118

Total operating expenses
1,312

 
1,273

Operating Income
273

 
242

Other Income, Net
23

 
18

Interest Charges
101

 
99

Income Before Income Taxes
195

 
161

Income Taxes
42

 
57

Net Income
153

 
104

Less: Net Income Attributable to Noncontrolling Interests
2

 
2

Net Income Attributable to Ameren Common Shareholders
$
151

 
$
102

 
 
 
 
Earnings per Common Share – Basic and Diluted
$
0.62

 
$
0.42

 
 
 
 
Weighted-average Common Shares Outstanding – Basic
242.9

 
242.6





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

 
March 31, 2018
 
December 31, 2017
ASSETS
 
 
 
Current Assets:
 
 
 
Cash and cash equivalents
$
30

 
$
10

Accounts receivable - trade (less allowance for doubtful accounts)
514

 
445

Unbilled revenue
258

 
323

Miscellaneous accounts receivable
98

 
70

Inventories
453

 
522

Current regulatory assets
130

 
144

Other current assets
84

 
98

Total current assets
1,567

 
1,612

Property, Plant, and Equipment, Net
21,666

 
21,466

Investments and Other Assets:
 
 
 
Nuclear decommissioning trust fund
698

 
704

Goodwill
411

 
411

Regulatory assets
1,205

 
1,230

Other assets
532

 
522

Total investments and other assets
2,846

 
2,867

TOTAL ASSETS
$
26,079

 
$
25,945

LIABILITIES AND EQUITY
 
 
 
Current Liabilities:
 
 
 
Current maturities of long-term debt
$
1,170

 
$
841

Short-term debt
960

 
484

Accounts and wages payable
497

 
902

Taxes accrued
91

 
52

Interest accrued
97

 
99

Customer deposits
115

 
108

Current regulatory liabilities
130

 
128

Other current liabilities
285

 
326

Total current liabilities
3,345

 
2,940

Long-term Debt, Net
6,766

 
7,094

Deferred Credits and Other Liabilities:
 
 
 
Accumulated deferred income taxes, net
2,564

 
2,506

Accumulated deferred investment tax credits
47

 
49

Regulatory liabilities
4,363

 
4,387

Asset retirement obligations
636

 
638

Pension and other postretirement benefits
541

 
545

Other deferred credits and liabilities
445

 
460

Total deferred credits and other liabilities
8,596

 
8,585

Ameren Corporation Shareholders’ Equity:
 
 
 
Common stock
2

 
2

Other paid-in capital, principally premium on common stock
5,546

 
5,540

Retained earnings
1,699

 
1,660

Accumulated other comprehensive loss
(17
)
 
(18
)
Total Ameren Corporation shareholders’ equity
7,230

 
7,184

Noncontrolling Interests
142

 
142

Total equity
7,372

 
7,326

TOTAL LIABILITIES AND EQUITY
$
26,079

 
$
25,945





AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 
Three Months Ended March 31,
 
2018
 
2017
Cash Flows From Operating Activities:
 
 
 
Net income
$
153

 
$
104

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
230

 
217

Amortization of nuclear fuel
24

 
24

Amortization of debt issuance costs and premium/discounts
5

 
6

Deferred income taxes and investment tax credits, net
26

 
51

Allowance for equity funds used during construction
(5
)
 
(6
)
Stock-based compensation costs
6

 
4

Other
2

 
(4
)
Changes in assets and liabilities
(183
)
 
(65
)
Net cash provided by operating activities
258

 
331

Cash Flows From Investing Activities:
 
 
 
Capital expenditures
(579
)
 
(504
)
Nuclear fuel expenditures
(12
)
 
(27
)
Purchases of securities – nuclear decommissioning trust fund
(38
)
 
(40
)
Sales and maturities of securities – nuclear decommissioning trust fund
34

 
34

Other
(2
)
 
(2
)
Net cash used in investing activities
(597
)
 
(539
)
Cash Flows From Financing Activities:
 
 
 
Dividends on common stock
(111
)
 
(107
)
Dividends paid to noncontrolling interest holders
(2
)
 
(2
)
Short-term debt, net
475

 
356

Issuances of common stock
17

 
—

Repurchases of common stock for stock-based compensation
—

 
(24
)
Employee payroll taxes related to stock-based compensation
(19
)
 
(15
)
Other
—

 
(1
)
Net cash provided by financing activities
360

 
207

Net change in cash, cash equivalents, and restricted cash
21

 
(1
)
Cash, cash equivalents, and restricted cash at beginning of year
68

 
52

Cash, cash equivalents, and restricted cash at end of period
$
89

 
$
51



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