Attached files
| file | filename |
|---|---|
| 8-K - 8-K - AMEREN CORP | d681536d8k.htm |
| EX-99.1 - EX-99.1 - AMEREN CORP | d681536dex991.htm |
Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
| Three Months Ended December 31, |
Year Ended December 31, |
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| 2013 | 2012 | 2013 | 2012 | |||||||||||||
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| Operating Revenues: |
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| Electric |
$ | 1,009 | $ | 959 | $ | 4,832 | $ | 4,857 | ||||||||
| Gas |
313 | 299 | 1,006 | 924 | ||||||||||||
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| Total operating revenues |
1,322 | 1,258 | 5,838 | 5,781 | ||||||||||||
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| Operating Expenses: |
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| Fuel |
197 | 164 | 845 | 714 | ||||||||||||
| Purchased power |
102 | 150 | 502 | 780 | ||||||||||||
| Gas purchased for resale |
182 | 168 | 526 | 472 | ||||||||||||
| Other operations and maintenance |
388 | 387 | 1,617 | 1,511 | ||||||||||||
| Depreciation and amortization |
178 | 171 | 706 | 673 | ||||||||||||
| Taxes other than income taxes |
104 | 106 | 458 | 443 | ||||||||||||
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| Total operating expenses |
1,151 | 1,146 | 4,654 | 4,593 | ||||||||||||
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| Operating Income |
171 | 112 | 1,184 | 1,188 | ||||||||||||
| Other Income and Expenses: |
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| Miscellaneous income |
18 | 17 | 69 | 70 | ||||||||||||
| Miscellaneous expense |
8 | 9 | 26 | 37 | ||||||||||||
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| Total other income |
10 | 8 | 43 | 33 | ||||||||||||
| Interest Charges |
109 | 97 | 398 | 392 | ||||||||||||
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| Income Before Income Taxes |
72 | 23 | 829 | 829 | ||||||||||||
| Income Taxes |
23 | 10 | 311 | 307 | ||||||||||||
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| Income from Continuing Operations |
49 | 13 | 518 | 522 | ||||||||||||
| Loss from Discontinued Operations, Net of Taxes |
(11) | (1,168) | (223) | (1,496) | ||||||||||||
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| Net Income (Loss) |
38 | (1,155) | 295 | (974) | ||||||||||||
| Less: Net Income (Loss) Attributable to Noncontrolling Interests: |
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| Continuing Operations |
1 | 1 | 6 | 6 | ||||||||||||
| Discontinued Operations |
- | - | - | (6) | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation: |
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| Continuing Operations |
48 | 12 | 512 | 516 | ||||||||||||
| Discontinued Operations |
(11) | (1,168) | (223) | (1,490) | ||||||||||||
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| Net Income (Loss) Attributable to Ameren Corporation |
$ | 37 | $ | (1,156) | $ | 289 | $ | (974) | ||||||||
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| Earnings (Loss) per Common Share – Basic: |
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| Continuing Operations |
$ | 0.19 | $ | 0.05 | $ | 2.11 | $ | 2.13 | ||||||||
| Discontinued Operations |
(0.04) | (4.81) | (0.92) | (6.14) | ||||||||||||
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| Earnings (Loss) per Common Share – Basic |
$ | 0.15 | $ | (4.76) | $ | 1.19 | $ | (4.01) | ||||||||
| Earnings (Loss) per Common Share – Diluted: |
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| Continuing Operations |
$ | 0.19 | $ | 0.05 | $ | 2.10 | $ | 2.13 | ||||||||
| Discontinued Operations |
(0.04) | (4.81) | (0.92) | (6.14) | ||||||||||||
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| Earnings (Loss) per Common Share – Diluted |
$ | 0.15 | $ | (4.76) | $ | 1.18 | $ | (4.01) | ||||||||
| Average Common Shares Outstanding – Basic |
242.6 | 242.6 | 242.6 | 242.6 | ||||||||||||
| Average Common Shares Outstanding – Diluted |
245.1 | 243.0 | 244.5 | 243.0 | ||||||||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| December 31, 2013 |
December 31, 2012 |
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| ASSETS | ||||||||
| Current Assets: |
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| Cash and cash equivalents |
$ | 30 | $ | 184 | ||||
| Accounts receivable - trade (less allowance for doubtful accounts) |
404 | 354 | ||||||
| Unbilled revenue |
304 | 291 | ||||||
| Miscellaneous accounts and notes receivable |
196 | 71 | ||||||
| Materials and supplies |
526 | 570 | ||||||
| Current regulatory assets |
156 | 247 | ||||||
| Current accumulated deferred income taxes, net |
106 | 170 | ||||||
| Other current assets |
85 | 98 | ||||||
| Assets of discontinued operations |
165 | 1,611 | ||||||
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| Total current assets |
1,972 | 3,596 | ||||||
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| Property and Plant, Net |
16,205 | 15,348 | ||||||
| Investments and Other Assets: |
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| Nuclear decommissioning trust fund |
494 | 408 | ||||||
| Goodwill |
411 | 411 | ||||||
| Intangible assets |
22 | 14 | ||||||
| Regulatory assets |
1,240 | 1,786 | ||||||
| Other assets |
698 | 667 | ||||||
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| Total investments and other assets |
2,865 | 3,286 | ||||||
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| TOTAL ASSETS |
$ | 21,042 | $ | 22,230 | ||||
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| LIABILITIES AND EQUITY | ||||||||
| Current Liabilities: |
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| Current maturities of long-term debt |
$ | 534 | $ | 355 | ||||
| Short-term debt |
368 | - | ||||||
| Accounts and wages payable |
806 | 533 | ||||||
| Taxes accrued |
55 | 49 | ||||||
| Interest accrued |
86 | 89 | ||||||
| Customer deposits |
105 | 107 | ||||||
| Mark-to-market derivative liabilities |
52 | 92 | ||||||
| Current regulatory liabilities |
216 | 100 | ||||||
| Other current liabilities |
194 | 168 | ||||||
| Liabilities of discontinued operations |
45 | 1,193 | ||||||
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| Total current liabilities |
2,461 | 2,686 | ||||||
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| Long-term Debt, Net |
5,504 | 5,802 | ||||||
| Deferred Credits and Other Liabilities: |
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| Accumulated deferred income taxes, net |
3,166 | 3,186 | ||||||
| Accumulated deferred investment tax credits |
63 | 70 | ||||||
| Regulatory liabilities |
1,705 | 1,589 | ||||||
| Asset retirement obligations |
369 | 349 | ||||||
| Pension and other postretirement benefits |
466 | 1,138 | ||||||
| Other deferred credits and liabilities |
622 | 643 | ||||||
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| Total deferred credits and other liabilities |
6,391 | 6,975 | ||||||
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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 |
5,632 | 5,616 | ||||||
| Retained earnings |
907 | 1,006 | ||||||
| Accumulated other comprehensive income (loss) |
3 | (8) | ||||||
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| Total Ameren Corporation stockholders’ equity |
6,544 | 6,616 | ||||||
| Noncontrolling Interests |
142 | 151 | ||||||
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| Total equity |
6,686 | 6,767 | ||||||
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| TOTAL LIABILITIES AND EQUITY |
$ | 21,042 | $ | 22,230 | ||||
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AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Year Ended December 31, |
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| 2013 | 2012 | |||||||
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| Cash Flows From Operating Activities: |
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| Net income (loss) |
$ | 295 | $ | (974) | ||||
| Loss from discontinued operations, net of taxes |
223 | 1,496 | ||||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
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| Depreciation and amortization |
666 | 633 | ||||||
| Amortization of nuclear fuel |
71 | 83 | ||||||
| Amortization of debt issuance costs and premium/discounts |
24 | 20 | ||||||
| Deferred income taxes and investment tax credits, net |
410 | 257 | ||||||
| Allowance for equity funds used during construction |
(37) | (36) | ||||||
| Stock-based compensation costs |
27 | 29 | ||||||
| Other |
23 | (7) | ||||||
| Changes in assets and liabilities |
(66) | (97) | ||||||
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| Net cash provided by operating activities - continuing operations |
1,636 | 1,404 | ||||||
| Net cash provided by operating activities - discontinued operations |
57 | 286 | ||||||
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| Net cash provided by operating activities |
1,693 | 1,690 | ||||||
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| Cash Flows From Investing Activities: |
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| Capital expenditures |
(1,379) | (1,063) | ||||||
| Nuclear fuel expenditures |
(45) | (91) | ||||||
| Purchases of securities - nuclear decommissioning trust fund |
(214) | (403) | ||||||
| Sales and maturities of securities - nuclear decommissioning trust fund |
196 | 384 | ||||||
| Tax grants received related to renewable energy properties |
- | 18 | ||||||
| Other |
2 | 2 | ||||||
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| Net cash used in investing activities - continuing operations |
(1,440) | (1,153) | ||||||
| Net cash used in investing activities - discontinued operations |
(283) | (157) | ||||||
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| Net cash used in investing activities |
(1,723) | (1,310) | ||||||
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| Cash Flows From Financing Activities: |
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| Dividends on common stock |
(388) | (382) | ||||||
| Dividends paid to noncontrolling interest holders |
(6) | (6) | ||||||
| Short-term debt, net |
368 | (148) | ||||||
| Redemptions, repurchases, and maturities of long-term debt |
(399) | (760) | ||||||
| Issuances of long-term debt |
278 | 882 | ||||||
| Capital issuance costs |
(2) | (16) | ||||||
| Other |
- | 4 | ||||||
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| Net cash used in financing activities - continuing operations |
(149) | (426) | ||||||
| Net cash provided by financing activities - discontinued operations |
- | - | ||||||
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| Net cash used in financing activities |
(149) | (426) | ||||||
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| Net change in cash and cash equivalents |
(179) | (46) | ||||||
| Cash and cash equivalents at beginning of year |
209 | 255 | ||||||
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| Cash and cash equivalents at end of year |
30 | 209 | ||||||
| Less: cash and cash equivalents at end of year - discontinued operations |
- | 25 | ||||||
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| Cash and cash equivalents at end of year - continuing operations |
$ | 30 | $ | 184 | ||||
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| Noncash financing activity - dividends on common stock |
$ | - | $ | (7) | ||||