EX-99.2 3 exhibit99_2.htm AMEREN CONSOLIDATE STATEMENT OF INCOME, CASH FLOWS AND BALANCE SHEET exhibit99_2.htm
Exhibit 99.2
 
AMEREN CORPORATION (AEE)
 
CONSOLIDATED STATEMENT OF INCOME
 
(Unaudited, in millions, except per share amounts)
 
           
           
 
Three Months Ended
 
 
March 31,
 
 
2008
   
2007
 
           
Operating Revenues:
         
Electric
$ 1,467     $ 1,463  
Gas
  612       561  
Total operating revenues
  2,079       2,024  
               
Operating Expenses:
             
Fuel
  302       263  
Purchased power
  287       373  
Gas purchased for resale
  459       421  
Other operations and maintenance
  423       389  
Depreciation and amortization
  176       183  
Taxes other than income taxes
  113       102  
Total operating expenses
  1,760       1,731  
Operating Income
  319       293  
               
Other Income and Expenses:
             
Miscellaneous income
  21       16  
Miscellaneous expense
  (4 )     (5 )
Total other income
  17       11  
               
Interest Charges
  100       100  
               
Income Before Income Taxes, Minority Interest and Preferred
             
   Dividends of Subsidiaries
  236       204  
               
Income Taxes
  87       71  
               
Income Before Minority Interest and Preferred Dividends of Subsidiaries
  149       133  
               
Minority Interest and Preferred Dividends of Subsidiaries
  11       10  
               
Net Income
$ 138     $ 123  
               
Earnings per Common Share - Basic and Diluted
$ 0.66     $ 0.59  
               
               
Average Common Shares Outstanding
  208.7       206.6  
               

 
 

 


AMEREN CORPORATION (AEE)
 
CONSOLIDATED STATEMENT OF CASH FLOWS
 
(Unaudited, in millions)
 
 
Three Months Ended
 
 
March 31,
 
 
2008
   
2007
 
Cash Flows From Operating Activities:
         
Net income
$ 138     $ 123  
Adjustments to reconcile net income to net cash provided by operating activities:
             
Gain on sales of emission allowances
  (2 )     (4 )
Mark-to-market (gain) loss on derivatives
  (16 )     4  
Depreciation and amortization
  180       182  
Amortization of nuclear fuel
  11       9  
Amortization of debt issuance costs and premium/discounts
  5       5  
Deferred income taxes and investment tax credits, net
  23       (12 )
Minority interest
  8       7  
Other
  (1 )     6  
Changes in assets and liabilities:
             
Receivables
  (78 )     (193 )
Materials and supplies
  179       158  
Accounts and wages payable
  (106 )     (81 )
Taxes accrued
  4       77  
Assets, other
  (25 )     19  
Liabilities, other
  (16 )     37  
Pension and other postretirement benefit obligations
  22       21  
Net cash provided by operating activities
  326       358  
               
Cash Flows From Investing Activities:
             
Capital expenditures
  (420 )     (357 )
Nuclear fuel expenditures
  (102 )     (23 )
Purchases of securities - nuclear decommissioning trust fund
  (89 )     (47 )
Sales of securities - nuclear decommissioning trust fund
  86       43  
Purchases of emission allowances
  (2 )     (5 )
Sales of emission allowances
  -       2  
Other
  -       1  
Net cash used in investing activities
  (527 )     (386 )
               
Cash Flows From Financing Activities:
             
Dividends on common stock
  (133 )     (131 )
Short-term debt, net
  145       341  
Dividends paid to minority interest holder
  (7 )     (5 )
Redemptions, repurchases and maturities:
             
Long-term debt
  (19 )     (174 )
Issuances:
             
Common stock
  46       21  
Net cash provided by financing activities
  32       52  
               
Net Change In Cash and Cash Equivalents
  (169 )     24  
Cash and Cash Equivalents at Beginning of Year
  355       137  
               
Cash and Cash Equivalents at End of Period
$ 186     $ 161  
               

 
 

 

AMEREN CORPORATION (AEE)
 
CONSOLIDATED BALANCE SHEET
 
(Unaudited, in millions)
 
           
 
March 31,
   
December 31,
 
 
2008
   
2007
 
           
ASSETS
         
Current Assets:
         
Cash and cash equivalents
$ 186     $ 355  
Accounts receivable - trade
  656       570  
Unbilled revenue
  318       359  
Miscellaneous accounts and notes receivable
  315       280  
Materials and supplies
  556       735  
Other current assets
  272       181  
Total current assets
  2,303       2,480  
Property and Plant, Net
  15,294       15,069  
Investments and Other Assets:
             
Nuclear decommissioning trust fund
  291       307  
Goodwill
  831       831  
Intangible assets
  189       198  
Regulatory assets
  1,149       1,158  
Other assets
  701       685  
Total investments and other assets
  3,161       3,179  
               
TOTAL ASSETS
$ 20,758     $ 20,728  
               
LIABILITIES AND STOCKHOLDERS' EQUITY
             
Current Liabilities:
             
Current maturities of long-term debt
$ 823     $ 221  
Short-term debt
  1,617       1,472  
Accounts and wages payable
  443       687  
Taxes accrued
  88       84  
Other current liabilities
  539       438  
Total current liabilities
  3,510       2,902  
Long-term Debt, Net
  5,066       5,691  
Preferred Stock of Subsidiary Subject to Mandatory Redemption
  16       16  
Deferred Credits and Other Liabilities:
             
Accumulated deferred income taxes, net
  1,989       2,046  
Accumulated deferred investment tax credits
  106       109  
Regulatory liabilities
  1,328       1,240  
Asset retirement obligations
  569       562  
Accrued pension and other postretirement benefits
  856       839  
Other deferred credits and liabilities
  346       354  
Total deferred credits and other liabilities
  5,194       5,150  
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption
  195       195  
Minority Interest in Consolidated Subsidiaries
  23       22  
Stockholders' Equity:
             
Common stock
  2       2  
Other paid-in capital, principally premium on common stock
  4,656       4,604  
Retained earnings
  2,115       2,110  
Accumulated other comprehensive income (loss)
  (19 )     36  
Total stockholders' equity
  6,754       6,752  
               
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$ 20,758     $ 20,728