EX-99.2 3 ex99_2.htm AMEREN CORP. CONSOLIDATED STATEMENT OF INCOME, CASH FLOWS AND BALANCE SHEET ex99_2.htm
 Exhibit 99.2
AMEREN CORPORATION (AEE)           
CONSOLIDATED STATEMENT OF INCOME           
(Unaudited, in millions, except per share amounts)           
                       
                       
                       
 
Three Months Ended
   
Nine Months Ended
 
 
September 30,
   
September 30,
 
 
2007
   
2006
   
2007
   
2006
 
                       
Operating Revenues:
                     
Electric
$
1,872
    $
1,767
    $
4,844
    $
4,356
 
Gas
 
125
     
143
     
895
     
904
 
Total operating revenues
 
1,997
     
1,910
     
5,739
     
5,260
 
                               
Operating Expenses:
                             
Fuel
 
338
     
277
     
864
     
776
 
Purchased power
 
419
     
346
     
1,106
     
896
 
Gas purchased for resale
 
68
     
84
     
622
     
641
 
Other operations and maintenance
 
427
     
395
     
1,249
     
1,141
 
Depreciation and amortization
 
169
     
162
     
514
     
485
 
Taxes other than income taxes
 
97
     
99
     
295
     
302
 
Total operating expenses
 
1,518
     
1,363
     
4,650
     
4,241
 
Operating Income
 
479
     
547
     
1,089
     
1,019
 
                               
Other Income and Expenses:
                             
Miscellaneous income
 
20
     
12
     
54
     
29
 
Miscellaneous expense
  (6 )     (3 )     (10 )     (4 )
Total other income
 
14
     
9
     
44
     
25
 
                               
Interest Charges
 
110
     
89
     
316
     
254
 
                               
Income Before Income Taxes, Minority Interest and Preferred Dividends of
                             
   Subsidiaries
 
383
     
467
     
817
     
790
 
                               
Income Taxes
 
130
     
161
     
279
     
273
 
                               
Income Before Minority Interest and Preferred Dividends of Subsidiaries
 
253
     
306
     
538
     
517
 
                               
Minority Interest and Preferred Dividends of Subsidiaries
 
9
     
13
     
28
     
31
 
                               
Net Income
$
244
    $
293
    $
510
    $
486
 
                               
Earnings per Common Share - Basic and Diluted
$
1.18
    $
1.42
    $
2.46
    $
2.37
 
                               
Average Common Shares Outstanding
 
207.6
     
205.9
     
207.1
     
205.4
 
 

 
AMEREN CORPORATION (AEE)   
CONSOLIDATED STATEMENT OF CASH FLOWS   
(Unaudited, in millions)   
 
Nine Months Ended
 
September 30,
 
2007
 
2006
Cash Flows From Operating Activities:
     
Net income
 $       510
 
 $       486
Adjustments to reconcile net income to net cash provided by operating activities:
     
Gain on sales of emission allowances
             (7)
 
           (25)
Depreciation and amortization
          537
 
          507
Amortization of nuclear fuel
            26
 
            26
Amortization of debt issuance costs and premium/discounts
            14
 
            12
Deferred income taxes and investment tax credits, net
            18
 
              7
Loss on sale of noncore properties
               -
 
              4
Minority interest
            20
 
            23
Other
10
 
17
Changes in assets and liabilities:
     
Receivables, net
         (320)
 
          157
Materials and supplies
         (110)
 
         (136)
Accounts and wages payable
         (113)
 
         (260)
Taxes accrued
            75
 
          148
Assets, other
           (20)
 
           (87)
Liabilities, other
          193
 
          101
Pension and other postretirement benefit obligations, net
            87
 
            89
Net cash provided by operating activities
920
 
1,069
       
Cash Flows From Investing Activities:
     
Capital expenditures
(1,035)
 
         (693)
Combustion turbine acquisitions
               -
 
         (292)
Nuclear fuel expenditures
(39)
 
           (37)
Proceeds from sale of noncore properties
               -
 
            11
Purchases of securities - nuclear decommissioning trust fund
(110)
 
           (78)
Sales of securities - nuclear decommissioning trust fund
98
 
            68
Purchases of emission allowances
           (12)
 
           (38)
Sales of emission allowances
              5
 
            12
Other
               -
 
              3
Net cash used in investing activities
(1,093)
 
(1,044)
       
Cash Flows From Financing Activities:
     
Dividends on common stock
         (395)
 
         (391)
Capital issuance costs
             (3)
 
             (4)
Short-term debt, net
590
 
          158
Dividends paid to minority interest
(16)
 
           (21)
Redemptions, repurchases and maturities:
     
Long-term debt
(465)
 
         (138)
Preferred stock
             (1)
 
             (1)
Issuances:
     
Common stock
            71
 
            78
Long-term debt
          425
 
          232
Net cash provided by (used in) financing activities
206
 
(87)
       
Net Change In Cash and Cash Equivalents
33
 
(62)
Cash and Cash Equivalents at Beginning of Year
137
 
96
       
Cash and Cash Equivalents at End of Period
 $       170
 
 $         34
 

AMEREN CORPORATION (AEE)
 
CONSOLIDATED BALANCE SHEET
 
(Unaudited, in millions)
 
           
 
September 30,
   
December 31,
 
 
2007
   
2006
 
           
ASSETS
         
Current Assets:
         
Cash and cash equivalents
$
170
    $
137
 
Accounts receivable - trade
 
691
     
418
 
Unbilled revenue
 
263
     
309
 
Miscellaneous accounts and notes receivable
 
258
     
160
 
Materials and supplies
 
757
     
647
 
Other current assets
 
202
     
203
 
Total current assets
 
2,341
     
1,874
 
Property and Plant, Net
 
14,729
     
14,286
 
Investments and Other Assets:
             
Nuclear decommissioning trust fund
 
301
     
285
 
Goodwill
 
831
     
831
 
Intangible assets
 
197
     
217
 
Other assets
 
683
     
654
 
Regulatory assets
 
1,323
     
1,431
 
Total investments and other assets
 
3,335
     
3,418
 
               
TOTAL ASSETS
$
20,405
    $
19,578
 
               
LIABILITIES AND STOCKHOLDERS' EQUITY
             
Current Liabilities:
             
Current maturities of long-term debt
$
203
    $
456
 
Short-term debt
 
1,202
     
612
 
Accounts and wages payable
 
415
     
671
 
Taxes accrued
 
136
     
58
 
Other current liabilities
 
548
     
406
 
Total current liabilities
 
2,504
     
2,203
 
Long-term Debt, Net
 
5,486
     
5,285
 
Preferred Stock of Subsidiary Subject to Mandatory Redemption
 
16
     
17
 
Deferred Credits and Other Liabilities:
             
Accumulated deferred income taxes, net
 
2,055
     
2,144
 
Accumulated deferred investment tax credits
 
111
     
118
 
Regulatory liabilities
 
1,241
     
1,234
 
Asset retirement obligations
 
571
     
549
 
Accrued pension and other postretirement benefits
 
1,058
     
1,065
 
Other deferred credits and liabilities
 
392
     
169
 
Total deferred credits and other liabilities
 
5,428
     
5,279
 
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption
 
195
     
195
 
Minority Interest in Consolidated Subsidiaries
 
20
     
16
 
Stockholders' Equity:
             
Common stock
 
2
     
2
 
Other paid-in capital, principally premium on common stock
 
4,579
     
4,495
 
Retained earnings
 
2,134
     
2,024
 
Accumulated other comprehensive income
 
41
     
62
 
Total stockholders' equity
 
6,756
     
6,583
 
               
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$
20,405
    $
19,578