EX-99.2 3 q42022ex992earningsrelease.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 December 31,Year Ended December 31,
 2022202120222021
Operating Revenues:
Electric$1,610 $1,189 $6,581 $5,297 
Natural gas436 356 1,376 1,097 
Total operating revenues2,046 1,545 7,957 6,394 
Operating Expenses:
Fuel97 159 473 581 
Purchased power489 127 1,547 606 
Natural gas purchased for resale226 167 657 442 
Other operations and maintenance510 485 1,937 1,774 
Depreciation and amortization324 290 1,289 1,146 
Taxes other than income taxes124 120 539 512 
Total operating expenses1,770 1,348 6,442 5,061 
Operating Income276 197 1,515 1,333 
Other Income, Net46 51 226 202 
Interest Charges130 93 486 383 
Income Before Income Taxes192 155 1,255 1,152 
Income Taxes28 29 176 157 
Net Income164 126 1,079 995 
Less: Net Income Attributable to Noncontrolling Interests 1 5 
Net Income Attributable to Ameren Common Shareholders$163 $125 $1,074 $990 
Earnings per Common Share – Basic$0.63 $0.48 $4.16 $3.86 
Earnings per Common Share – Diluted$0.63 $0.48 $4.14 $3.84 
Weighted-average Common Shares Outstanding – Basic259.1 257.6 258.4 256.3 
Weighted-average Common Shares Outstanding – Diluted260.2 258.9 259.5 257.6 


                                                
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
December 31, 2022December 31, 2021
ASSETS
Current Assets:
Cash and cash equivalents$10 $
Accounts receivable - trade (less allowance for doubtful accounts)600 434 
Unbilled revenue446 301 
Miscellaneous accounts receivable54 85 
Inventories667 592 
Current regulatory assets354 319 
Investments in industrial development revenue bonds240 
Current collateral assets142 66 
Other current assets155 155 
Total current assets2,668 1,968 
Property, Plant, and Equipment, Net31,262 29,261 
Investments and Other Assets:
Nuclear decommissioning trust fund958 1,159 
Goodwill411 411 
Regulatory assets1,426 1,289 
Pension and other postretirement benefits411 756 
Other assets768 891 
Total investments and other assets3,974 4,506 
TOTAL ASSETS$37,904 $35,735 
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt$340 $505 
Short-term debt1,070 545 
Accounts and wages payable1,159 1,095 
Other current liabilities797 681 
Total current liabilities3,366 2,826 
Long-term Debt, Net13,685 12,562 
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and investment tax credits, net3,804 3,499 
Regulatory liabilities5,309 5,848 
Asset retirement obligations763 757 
Other deferred credits and liabilities340 414 
Total deferred credits and other liabilities10,216 10,518 
Shareholders’ Equity:
Common stock3 
Other paid-in capital, principally premium on common stock6,860 6,502 
Retained earnings3,646 3,182 
Accumulated other comprehensive income (loss)(1)13 
Total shareholders’ equity10,508 9,700 
Noncontrolling Interests129 129 
Total equity10,637 9,829 
TOTAL LIABILITIES AND EQUITY$37,904 $35,735 


                                                
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 Year Ended December 31,
 20222021
Cash Flows From Operating Activities:
Net income $1,079 $995 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization1,438 1,277 
Amortization of debt issuance costs and premium/discounts21 23 
Deferred income taxes and investment tax credits, net170 156 
Allowance for equity funds used during construction(43)(43)
Stock-based compensation costs24 22 
Other68 19 
Changes in assets and liabilities(494)(788)
Net cash provided by operating activities2,263 1,661 
Cash Flows From Investing Activities:
Capital expenditures(3,351)(3,479)
Nuclear fuel expenditures(29)(44)
Purchases of securities – nuclear decommissioning trust fund(229)(452)
Sales and maturities of securities – nuclear decommissioning trust fund216 439 
Other23 
Net cash used in investing activities(3,370)(3,528)
Cash Flows From Financing Activities:
Dividends on common stock(610)(565)
Dividends paid to noncontrolling interest holders(5)(5)
Short-term debt, net522 55 
Maturities of long-term debt(505)(8)
Issuances of long-term debt1,467 1,997 
Issuances of common stock333 308 
Redemptions of Ameren Illinois preferred stock (13)
Employee payroll taxes related to stock-based compensation(16)(17)
Debt issuance costs(18)(18)
Other (13)
Net cash provided by financing activities1,168 1,721 
Net change in cash, cash equivalents, and restricted cash61 (146)
Cash, cash equivalents, and restricted cash at beginning of year155 301 
Cash, cash equivalents, and restricted cash at end of year$216 $155