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
March  31,
          2010            2009    
     

Operating Revenues:

     

Electric

   $ 1,440     $ 1,395 

Gas

     476       521 
             

Total operating revenues

     1,916       1,916 
             

    

     

Operating Expenses:

     

Fuel

     293       274 

Purchased power

     271       233 

Gas purchased for resale

     333       383 

Other operations and maintenance

     416       421 

Depreciation and amortization

     187       174 

Taxes other than income taxes

     118       110 
             

Total operating expenses

     1,618       1,595 
             

Operating Income

     298       321 

    

     

Other Income and Expenses:

     

Miscellaneous income

     22       16 

Miscellaneous expense

         
             

Total other income

     15       12 
             

    

     

Interest Charges

     132       118 
             

    

     

Income Before Income Taxes

     181       215 

    

     

Income Taxes

     75       70 
             

    

     

Net Income

     106       145 

    

     

Less: Net Income Attributable to Noncontrolling Interests

         
             

    

     

Net Income Attributable to Ameren Corporation

   $ 102     $ 141 

    

     

Earnings per Common Share - Basic and Diluted

   $ 0.43     $ 0.66 

    

     

Average Common Shares Outstanding

     237.6       212.7 


AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

 

        March 31,   
2010
   December 31,
2009
ASSETS      

Current Assets:

     

Cash and cash equivalents

   $ 360     $ 622 

Accounts receivable - trade, net

     500       424 

Unbilled revenue

     253       367 

Miscellaneous accounts and notes receivable

     319       318 

Materials and supplies

     635       782 

Mark-to-market derivative assets

     233       121 

Current regulatory assets

     242       110 

Other current assets

     116       98 
             

Total current assets

     2,658       2,842 
             

Property and Plant, Net

     17,671       17,610 

Investments and Other Assets:

     

Nuclear decommissioning trust fund

     307       293 

Goodwill

     831       831 

Intangible assets

     124       129 

Regulatory assets

     1,427       1,430 

Other assets

     670       655 
             

Total investments and other assets

     3,359       3,338 

TOTAL ASSETS

   $ 23,688     $ 23,790 
LIABILITIES AND EQUITY      

Current Liabilities:

     

Current maturities of long-term debt

   $ 204     $ 204 

Short-term debt

     -        20 

Accounts and wages payable

     427       694 

Taxes accrued

     94       54 

Interest accrued

     165       110 

Customer deposits

     97       101 

Mark-to-market derivative liabilities

     254       109 

Current regulatory liabilities

     87       82 

Current accumulated deferred income taxes, net

     93       38 

Other current liabilities

     219       299 
             

Total current liabilities

     1,640       1,711 
             

Credit Facility Borrowings

     630       830 

Long-term Debt, Net

     7,113       7,113 

Deferred Credits and Other Liabilities:

     

Accumulated deferred income taxes, net

     2,604       2,554 

Accumulated deferred investment tax credits

     92       94 

Regulatory liabilities

     1,340       1,338 

Asset retirement obligations

     435       429 

Pension and other postretirement benefits

     1,181       1,165 

Other deferred credits and liabilities

     543       496 
             

Total deferred credits and other liabilities

     6,195       6,076 
             

Ameren Corporation Stockholders’ Equity:

     

Common stock

         

Other paid-in capital, principally premium on common stock

     5,437       5,412 

Retained earnings

     2,466       2,455 

Accumulated other comprehensive loss

     (4)      (16)
             

Total Ameren Corporation stockholders’ equity

     7,901       7,853 

Noncontrolling Interests

     209       207 
             

Total equity

     8,110       8,060 

TOTAL LIABILITIES AND EQUITY

   $ 23,688     $ 23,790 


AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

 

     Three Months Ended
     March 31,
          2010            2009    

Cash Flows From Operating Activities:

     

Net income

   $ 106     $ 145 

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

     

Net mark-to-market gain on derivatives

     (31)      (51)

Depreciation and amortization

     190       176 

Amortization of nuclear fuel

     13       12 

Amortization of debt issuance costs and premium/discounts

         

Deferred income taxes and investment tax credits, net

     70       32 

Other

     (9)      (1)

Changes in assets and liabilities:

     

Receivables

     37       130 

Materials and supplies

     148       185 

Accounts and wages payable

     (177)      (245)

Taxes accrued

     40       29 

Assets, other

     (32)      29 

Liabilities, other

     11       100 

Pension and other postretirement benefits

     30       36 

Counterparty collateral, net

     (23)      (41)

Taum Sauk costs, net of insurance recoveries

     (1)      (24)
             

Net cash provided by operating activities

     381       516 

Cash Flows From Investing Activities:

     

Capital expenditures

     (289)      (424)

Nuclear fuel expenditures

     (23)      (3)

Purchases of securities - nuclear decommissioning trust fund

     (60)      (203)

Sales of securities - nuclear decommissioning trust fund

     56       200 

Purchases of emission allowances

     -        (2)

Other

     (1)      -  
             

Net cash used in investing activities

     (317)      (432)

Cash Flows From Financing Activities:

     

Dividends on common stock

     (91)      (82)

Capital issuance costs

     -        (3)

Dividends paid to noncontrolling interest holders

     (2)      (8)

Short-term and credit facility borrowings, net

     (220)      (177)

Issuances:

     

Common stock

     20       28 

Long-term debt

     -        349 

Generator advances for construction received (refunded), net

     (33)      21 
             

Net cash provided by (used in) financing activities

     (326)      128 

Net change in cash and cash equivalents

     (262)      212 

Cash and cash equivalents at beginning of year

     622       92 

Cash and cash equivalents at end of period

   $ 360     $ 304