Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - AMEREN CORP | q22020exhibit991earnin.htm |
| 8-K - 8-K - AMEREN CORP | aee-20200806.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
| 2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
| Operating Revenues: | |||||||||||||||||||||||
| Electric | $ | 1,237 | $ | 1,218 | $ | 2,357 | $ | 2,400 | |||||||||||||||
| Natural gas | 161 | 161 | 481 | 535 | |||||||||||||||||||
| Total operating revenues | 1,398 | 1,379 | 2,838 | 2,935 | |||||||||||||||||||
| Operating Expenses: | |||||||||||||||||||||||
| Fuel | 119 | 102 | 259 | 262 | |||||||||||||||||||
| Purchased power | 109 | 136 | 243 | 292 | |||||||||||||||||||
| Natural gas purchased for resale | 42 | 44 | 149 | 205 | |||||||||||||||||||
| Other operations and maintenance | 384 | 450 | 822 | 867 | |||||||||||||||||||
| Depreciation and amortization | 271 | 249 | 526 | 497 | |||||||||||||||||||
| Taxes other than income taxes | 119 | 118 | 244 | 244 | |||||||||||||||||||
| Total operating expenses | 1,044 | 1,099 | 2,243 | 2,367 | |||||||||||||||||||
| Operating Income | 354 | 280 | 595 | 568 | |||||||||||||||||||
| Other Income, Net | 48 | 36 | 69 | 65 | |||||||||||||||||||
| Interest Charges | 108 | 97 | 201 | 194 | |||||||||||||||||||
| Income Before Income Taxes | 294 | 219 | 463 | 439 | |||||||||||||||||||
| Income Taxes | 50 | 39 | 71 | 66 | |||||||||||||||||||
| Net Income | 244 | 180 | 392 | 373 | |||||||||||||||||||
| Less: Net Income Attributable to Noncontrolling Interests | 1 | 1 | 3 | 3 | |||||||||||||||||||
| Net Income Attributable to Ameren Common Shareholders | $ | 243 | $ | 179 | $ | 389 | $ | 370 | |||||||||||||||
| Earnings per Common Share – Basic | $ | 0.99 | $ | 0.73 | $ | 1.58 | $ | 1.51 | |||||||||||||||
| Earnings per Common Share – Diluted | $ | 0.98 | $ | 0.72 | $ | 1.57 | $ | 1.50 | |||||||||||||||
| Weighted-average Common Shares Outstanding – Basic | 246.9 | 245.6 | 246.7 | 245.3 | |||||||||||||||||||
| Weighted-average Common Shares Outstanding – Diluted | 247.9 | 247.2 | 248.0 | 246.8 | |||||||||||||||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| June 30, 2020 | December 31, 2019 | ||||||||||
| ASSETS | |||||||||||
| Current Assets: | |||||||||||
| Cash and cash equivalents | $ | 8 | $ | 16 | |||||||
| Accounts receivable - trade (less allowance for doubtful accounts) | 486 | 393 | |||||||||
| Unbilled revenue | 323 | 278 | |||||||||
| Miscellaneous accounts receivable | 76 | 63 | |||||||||
| Inventories | 514 | 494 | |||||||||
| Current regulatory assets | 82 | 69 | |||||||||
| Other current assets | 131 | 118 | |||||||||
| Total current assets | 1,620 | 1,431 | |||||||||
| Property, Plant, and Equipment, Net | 25,081 | 24,376 | |||||||||
| Investments and Other Assets: | |||||||||||
| Nuclear decommissioning trust fund | 854 | 847 | |||||||||
| Goodwill | 411 | 411 | |||||||||
| Regulatory assets | 1,133 | 992 | |||||||||
| Other assets | 917 | 876 | |||||||||
| Total investments and other assets | 3,315 | 3,126 | |||||||||
| TOTAL ASSETS | $ | 30,016 | $ | 28,933 | |||||||
| LIABILITIES AND EQUITY | |||||||||||
| Current Liabilities: | |||||||||||
| Current maturities of long-term debt | $ | 357 | $ | 442 | |||||||
| Short-term debt | 120 | 440 | |||||||||
| Accounts and wages payable | 616 | 874 | |||||||||
| Taxes accrued | 142 | 37 | |||||||||
| Interest accrued | 118 | 94 | |||||||||
| Customer deposits | 126 | 111 | |||||||||
| Current regulatory liabilities | 147 | 164 | |||||||||
| Other current liabilities | 374 | 343 | |||||||||
| Total current liabilities | 2,000 | 2,505 | |||||||||
| Long-term Debt, Net | 10,171 | 8,915 | |||||||||
| Deferred Credits and Other Liabilities: | |||||||||||
| Accumulated deferred income taxes and investment tax credits, net | 3,034 | 2,919 | |||||||||
| Regulatory liabilities | 4,933 | 4,887 | |||||||||
| Asset retirement obligations | 639 | 638 | |||||||||
| Pension and other postretirement benefits | 414 | 401 | |||||||||
| Other deferred credits and liabilities | 456 | 467 | |||||||||
| Total deferred credits and other liabilities | 9,476 | 9,312 | |||||||||
| Ameren Corporation Shareholders’ Equity: | |||||||||||
| Common stock | 2 | 2 | |||||||||
| Other paid-in capital, principally premium on common stock | 5,716 | 5,694 | |||||||||
| Retained earnings | 2,525 | 2,380 | |||||||||
| Accumulated other comprehensive loss | (16) | (17) | |||||||||
| Total Ameren Corporation shareholders’ equity | 8,227 | 8,059 | |||||||||
| Noncontrolling Interests | 142 | 142 | |||||||||
| Total equity | 8,369 | 8,201 | |||||||||
| TOTAL LIABILITIES AND EQUITY | $ | 30,016 | $ | 28,933 | |||||||
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Six Months Ended June 30, | |||||||||||
| 2020 | 2019 | ||||||||||
| Cash Flows From Operating Activities: | |||||||||||
| Net income | $ | 392 | $ | 373 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation and amortization | 532 | 494 | |||||||||
| Amortization of nuclear fuel | 45 | 33 | |||||||||
| Amortization of debt issuance costs and premium/discounts | 11 | 9 | |||||||||
| Deferred income taxes and investment tax credits, net | 68 | 54 | |||||||||
| Allowance for equity funds used during construction | (13) | (13) | |||||||||
| Stock-based compensation costs | 11 | 10 | |||||||||
| Other | 5 | (5) | |||||||||
| Changes in assets and liabilities | (357) | (76) | |||||||||
| Net cash provided by operating activities | 694 | 879 | |||||||||
| Cash Flows From Investing Activities: | |||||||||||
| Capital expenditures | (1,228) | (1,125) | |||||||||
| Nuclear fuel expenditures | (56) | (25) | |||||||||
| Purchases of securities – nuclear decommissioning trust fund | (153) | (96) | |||||||||
| Sales and maturities of securities – nuclear decommissioning trust fund | 121 | 95 | |||||||||
| Purchase of bonds | — | (97) | |||||||||
| Proceeds from sale of remarketed bonds | — | 97 | |||||||||
| Other | 1 | (3) | |||||||||
| Net cash used in investing activities | (1,315) | (1,154) | |||||||||
| Cash Flows From Financing Activities: | |||||||||||
| Dividends on common stock | (244) | (233) | |||||||||
| Dividends paid to noncontrolling interest holders | (3) | (3) | |||||||||
| Short-term debt, net | (320) | 401 | |||||||||
| Maturities of long-term debt | (85) | (329) | |||||||||
| Issuances of long-term debt | 1,263 | 450 | |||||||||
| Issuances of common stock | 27 | 37 | |||||||||
| Employee payroll taxes related to stock-based compensation | (20) | (29) | |||||||||
| Debt issuance costs | (10) | (4) | |||||||||
| Net cash provided by financing activities | 608 | 290 | |||||||||
| Net change in cash, cash equivalents, and restricted cash | (13) | 15 | |||||||||
| Cash, cash equivalents, and restricted cash at beginning of year | 176 | 107 | |||||||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 163 | $ | 122 | |||||||