EX-99.2 3 q32021ex992earningsrelease.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 September 30,Nine Months Ended September 30,
 2021202020212020
Operating Revenues:
Electric$1,668 $1,489 $4,108 $3,846 
Natural gas143 139 741 620 
Total operating revenues1,811 1,628 4,849 4,466 
Operating Expenses:
Fuel184 141 422 400 
Purchased power159 140 479 383 
Natural gas purchased for resale45 34 275 183 
Other operations and maintenance457 418 1,289 1,240 
Depreciation and amortization290 273 856 799 
Taxes other than income taxes142 128 392 372 
Total operating expenses1,277 1,134 3,713 3,377 
Operating Income534 494 1,136 1,089 
Other Income, Net56 48 151 117 
Interest Charges94 110 290 311 
Income Before Income Taxes496 432 997 895 
Income Taxes70 63 128 134 
Net Income426 369 869 761 
Less: Net Income Attributable to Noncontrolling Interests 1 4 
Net Income Attributable to Ameren Common Shareholders$425 $367 $865 $756 
Earnings per Common Share – Basic$1.66 $1.48 $3.38 $3.06 
Earnings per Common Share – Diluted$1.65 $1.47 $3.36 $3.04 
Weighted-average Common Shares Outstanding – Basic257.3 247.1 255.9 246.8 
Weighted-average Common Shares Outstanding – Diluted258.6 249.2 257.2 248.4 



AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
September 30,
2021
December 31, 2020
ASSETS
Current Assets:
Cash and cash equivalents$7 $139 
Accounts receivable - trade (less allowance for doubtful accounts)515 415 
Unbilled revenue332 269 
Miscellaneous accounts receivable111 65 
Inventories595 521 
Current regulatory assets359 109 
Other current assets285 135 
Total current assets2,204 1,653 
Property, Plant, and Equipment, Net28,559 26,807 
Investments and Other Assets:
Nuclear decommissioning trust fund1,076 982 
Goodwill411 411 
Regulatory assets1,235 1,100 
Other assets1,180 1,077 
Total investments and other assets3,902 3,570 
TOTAL ASSETS$34,665 $32,030 
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt$57 $
Short-term debt553 490 
Accounts and wages payable811 958 
Taxes accrued231 82 
Interest accrued103 114 
Current regulatory liabilities138 121 
Other current liabilities464 407 
Total current liabilities2,357 2,180 
Long-term Debt, Net12,444 11,078 
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net3,465 3,211 
Regulatory liabilities5,425 5,282 
Asset retirement obligations705 696 
Pension and other postretirement benefits39 37 
Other deferred credits and liabilities416 466 
Total deferred credits and other liabilities10,050 9,692 
Shareholders’ Equity:
Common stock3 
Other paid-in capital, principally premium on common stock6,483 6,179 
Retained earnings3,199 2,757 
Accumulated other comprehensive loss (1)
Total shareholders’ equity9,685 8,938 
Noncontrolling Interests129 142 
Total equity9,814 9,080 
TOTAL LIABILITIES AND EQUITY$34,665 $32,030 



AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 Nine Months Ended September 30,
 20212020
Cash Flows From Operating Activities:
Net income $869 $761 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization903 802 
Amortization of nuclear fuel37 68 
Amortization of debt issuance costs and premium/discounts17 16 
Deferred income taxes and investment tax credits, net139 125 
Allowance for equity funds used during construction(30)(25)
Stock-based compensation costs17 16 
Other11 14 
Changes in assets and liabilities(771)(448)
Net cash provided by operating activities1,192 1,329 
Cash Flows From Investing Activities:
Capital expenditures(2,098)(1,884)
Wind generation expenditures(515)— 
Nuclear fuel expenditures(19)(61)
Purchases of securities – nuclear decommissioning trust fund(411)(169)
Sales and maturities of securities – nuclear decommissioning trust fund404 135 
Other(7)(2)
Net cash used in investing activities(2,646)(1,981)
Cash Flows From Financing Activities:
Dividends on common stock(423)(367)
Dividends paid to noncontrolling interest holders(4)(5)
Short-term debt, net63 (168)
Maturities of long-term debt (85)
Issuances of long-term debt1,423 1,263 
Issuances of common stock297 37 
Redemptions of Ameren Illinois preferred stock(13)— 
Employee payroll taxes related to stock-based compensation(17)(20)
Debt issuance costs(15)(11)
Other(13)— 
Net cash provided by financing activities1,298 644 
Net change in cash, cash equivalents, and restricted cash(156)(8)
Cash, cash equivalents, and restricted cash at beginning of year301 176 
Cash, cash equivalents, and restricted cash at end of period$145 $168