EX-99.2 3 q22021ex992earningsrelease.htm EX-99.2 Document

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,
 2021202020212020
Operating Revenues:
Electric$1,284 $1,237 $2,440 $2,357 
Natural gas188 161 598 481 
Total operating revenues1,472 1,398 3,038 2,838 
Operating Expenses:
Fuel173 119 238 259 
Purchased power129 109 320 243 
Natural gas purchased for resale65 42 230 149 
Other operations and maintenance412 384 832 822 
Depreciation and amortization285 271 566 526 
Taxes other than income taxes122 119 250 244 
Total operating expenses1,186 1,044 2,436 2,243 
Operating Income286 354 602 595 
Other Income, Net49 48 95 69 
Interest Charges96 108 196 201 
Income Before Income Taxes239 294 501 463 
Income Taxes31 50 58 71 
Net Income208 244 443 392 
Less: Net Income Attributable to Noncontrolling Interests 1 3 
Net Income Attributable to Ameren Common Shareholders$207 $243 $440 $389 
Earnings per Common Share – Basic$0.81 $0.99 $1.72 $1.58 
Earnings per Common Share – Diluted$0.80 $0.98 $1.71 $1.57 
Weighted-average Common Shares Outstanding – Basic256.1 246.9 255.2 246.7 
Weighted-average Common Shares Outstanding – Diluted257.2 247.9 256.5 248.0 



AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
June 30,
2021
December 31, 2020
ASSETS
Current Assets:
Cash and cash equivalents$99 $139 
Accounts receivable - trade (less allowance for doubtful accounts)397 415 
Unbilled revenue339 269 
Miscellaneous accounts receivable105 65 
Inventories527 521 
Restricted cash131 17 
Current regulatory assets353 109 
Other current assets165 118 
Total current assets2,116 1,653 
Property, Plant, and Equipment, Net28,020 26,807 
Investments and Other Assets:
Nuclear decommissioning trust fund1,070 982 
Goodwill411 411 
Regulatory assets1,272 1,100 
Other assets1,027 1,077 
Total investments and other assets3,780 3,570 
TOTAL ASSETS$33,916 $32,030 
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt$8 $
Short-term debt431 490 
Accounts and wages payable779 958 
Taxes accrued178 82 
Interest accrued129 114 
Current regulatory liabilities238 121 
Other current liabilities414 407 
Total current liabilities2,177 2,180 
Long-term Debt, Net12,492 11,078 
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net3,309 3,211 
Regulatory liabilities5,258 5,282 
Asset retirement obligations712 696 
Pension and other postretirement benefits39 37 
Other deferred credits and liabilities447 466 
Total deferred credits and other liabilities9,765 9,692 
Ameren Corporation Shareholders’ Equity:
Common stock3 
Other paid-in capital, principally premium on common stock6,436 6,179 
Retained earnings2,915 2,757 
Accumulated other comprehensive loss(1)(1)
Total Ameren Corporation shareholders’ equity9,353 8,938 
Noncontrolling Interests129 142 
Total equity9,482 9,080 
TOTAL LIABILITIES AND EQUITY$33,916 $32,030 



AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 Six Months Ended June 30,
 20212020
Cash Flows From Operating Activities:
Net income $443 $392 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization596 532 
Amortization of nuclear fuel20 45 
Amortization of debt issuance costs and premium/discounts11 11 
Deferred income taxes and investment tax credits, net59 68 
Allowance for equity funds used during construction(16)(13)
Stock-based compensation costs11 11 
Other2 
Changes in assets and liabilities(690)(357)
Net cash provided by operating activities436 694 
Cash Flows From Investing Activities:
Capital expenditures(1,346)(1,228)
Wind generation expenditures(417)— 
Nuclear fuel expenditures(4)(56)
Purchases of securities – nuclear decommissioning trust fund(203)(153)
Sales and maturities of securities – nuclear decommissioning trust fund208 121 
Other2 
Net cash used in investing activities(1,760)(1,315)
Cash Flows From Financing Activities:
Dividends on common stock(282)(244)
Dividends paid to noncontrolling interest holders(3)(3)
Short-term debt, net(59)(320)
Maturities of long-term debt (85)
Issuances of long-term debt1,423 1,263 
Issuances of common stock258 27 
Redemptions of Ameren Illinois preferred stock(13)— 
Employee payroll taxes related to stock-based compensation(17)(20)
Debt issuance costs(13)(10)
Other(4)— 
Net cash provided by financing activities1,290 608 
Net change in cash, cash equivalents, and restricted cash(34)(13)
Cash, cash equivalents, and restricted cash at beginning of year301 176 
Cash, cash equivalents, and restricted cash at end of period$267 $163