EX-99.2 3 dex992.htm AMEREN'S UNAUDITED CONSOLIDATED STATEMENT OF INCOME Ameren's unaudited consolidated Statement of Income

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,
          2009            2008            2009            2008    

Operating Revenues:

           

Electric

   $ 1,679     $ 1,928     $ 4,589     $ 4,944 

Gas

     136       132       826       987 
                           

Total operating revenues

     1,815       2,060       5,415       5,931 
                           

Operating Expenses:

           

Fuel

     306       461       867       963 

Coal contract settlement

                    (60)

Purchased power

     256       371       708       964 

Gas purchased for resale

     57       73       523       697 

Other operations and maintenance

     422       456       1,294       1,361 

Depreciation and amortization

     185       173       541       513 

Taxes other than income taxes

     104       98       311       300 
                           

Total operating expenses

     1,330       1,632       4,244       4,738 
                           

Operating Income

     485       428       1,171       1,193 

Other Income and Expenses:

           

Miscellaneous income

     16       23       49       61 

Miscellaneous expense

     (3)      (10)      (14)      (23)
                           

Total other income

     13       13       35       38 
                           

Interest Charges

     134       113       376       331 
                           

Income Before Income Taxes

     364       328       830       900 

Income Taxes

     135       113       288       319 
                           

Net Income

     229       215       542       581 

Less: Net Income Attributable to Noncontrolling Interests

          11            33 
                           

Net Income Attributable to Ameren Corporation

   $ 227     $ 204     $ 533     $ 548 

Earnings per Common Share - Basic and Diluted

   $ 1.04     $ 0.97     $ 2.48     $ 2.61 

Average Common Shares Outstanding

     218.2       210.3       214.9       209.5 


AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

 

     Nine Months Ended
September 30,
          2009            2008    

Cash Flows From Operating Activities:

     

Net income

   $ 542     $ 581 

Adjustments to reconcile net income to net cash provided by operating activities:

     

Gain on sales of emission allowances

          (2)

Net mark-to-market gain on derivatives

     (26)      (42)

Depreciation and amortization

     557       528 

Amortization of nuclear fuel

     40       31 

Amortization of debt issuance costs and premium/discounts

     16       14 

Deferred income taxes and investment tax credits, net

     301       130 

Other

          (2)

Changes in assets and liabilities:

     

Receivables

     239       144 

Materials and supplies

     (11)      (216)

Accounts and wages payable

     (241)      (74)

Taxes accrued

     81       44 

Assets, other

     (96)      46 

Liabilities, other

     134       142 

Pension and other postretirement benefits

     30       23 

Counterparty collateral, net

     66      

Taum Sauk costs, net of insurance recoveries

     110       (94)
             

Net cash provided by operating activities

     1,746       1,253 

Cash Flows From Investing Activities:

     

Capital expenditures

     (1,295)      (1,316)

Nuclear fuel expenditures

     (47)      (161)

Purchases of securities - nuclear decommissioning trust fund

     (315)      (386)

Sales of securities - nuclear decommissioning trust fund

     315       360 

Purchases of emission allowances

     (4)      (2)

Sales of emission allowances

         

Other

         
             

Net cash used in investing activities

     (1,345)      (1,501)

Cash Flows From Financing Activities:

     

Dividends on common stock

     (247)      (399)

Debt issuance costs

     (64)      (9)

Dividends paid to noncontrolling interest holders

     (19)      (31)

Short-term debt, net

     (739)      (65)

Redemptions, repurchases, and maturities:

     

Long-term debt

     (250)      (823)

Preferred stock

          (16)

Issuances:

     

Common stock

     617       107 

Long-term debt

     772       1,335 
             

Net cash provided by financing activities

     70       99 

Net change in cash and cash equivalents

     471       (149)

Cash and cash equivalents at beginning of year

     92       355 

Cash and cash equivalents at end of period

   $ 563     $ 206 


AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

 

      September 30,
2009
   December 31,
2008
ASSETS      

Current Assets:

     

Cash and cash equivalents

   $ 563     $ 92 

Accounts receivable - trade, net

     416       502 

Unbilled revenue

     250       427 

Miscellaneous accounts and notes receivable

     182       292 

Materials and supplies

     857       842 

Mark-to-market derivative assets

     239       207 

Other current assets

     273       232 
             

Total current assets

     2,780       2,594 
             

Property and Plant, Net

     17,272       16,567 

Investments and Other Assets:

     

Nuclear decommissioning trust fund

     280       239 

Goodwill

     831       831 

Intangible assets

     138       167 

Regulatory assets

     1,641       1,653 

Other assets

     652       606 
             

Total investments and other assets

     3,542       3,496 

TOTAL ASSETS

   $ 23,594     $ 22,657 
LIABILITIES AND EQUITY      

Current Liabilities:

     

Current maturities of long-term debt

   $ 128     $ 380 

Short-term debt

     435       1,174 

Accounts and wages payable

     443       813 

Taxes accrued

     135       54 

Interest accrued

     183       107 

Customer deposits

     107       126 

Mark-to-market derivative liabilities

     197       155 

Other current liabilities

     298       254 
             

Total current liabilities

     1,926       3,063 
             

Long-term Debt, Net

     7,321       6,554 

Deferred Credits and Other Liabilities:

     

Accumulated deferred income taxes, net

     2,431       2,131 

Accumulated deferred investment tax credits

     93       100 

Regulatory liabilities

     1,322       1,291 

Asset retirement obligations

     423       406 

Pension and other postretirement benefits

     1,477       1,495 

Other deferred credits and liabilities

     555       438 
             

Total deferred credits and other liabilities

     6,301       5,861 
             

Ameren Corporation Stockholders’ Equity:

     

Common stock

         

Other paid-in capital, principally premium on common stock

     5,392       4,780 

Retained earnings

     2,467       2,181 

Accumulated other comprehensive loss

     (21)     
             

Total Ameren Corporation stockholders’ equity

     7,840       6,963 

Noncontrolling Interests

     206       216 
             

Total equity

     8,046       7,179 

TOTAL LIABILITIES AND EQUITY

   $ 23,594     $ 22,657