EX-99.2 3 q22022ex992earningsrelease.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,
 2022202120222021
Operating Revenues:
Electric$1,513 $1,284 $2,831 $2,440 
Natural gas213 188 774 598 
Total operating revenues1,726 1,472 3,605 3,038 
Operating Expenses:
Fuel83 173 259 238 
Purchased power318 129 495 320 
Natural gas purchased for resale80 65 373 230 
Other operations and maintenance491 412 952 832 
Depreciation and amortization316 285 615 566 
Taxes other than income taxes129 122 271 250 
Total operating expenses1,417 1,186 2,965 2,436 
Operating Income309 286 640 602 
Other Income, Net62 49 122 95 
Interest Charges126 96 230 196 
Income Before Income Taxes245 239 532 501 
Income Taxes36 31 70 58 
Net Income209 208 462 443 
Less: Net Income Attributable to Noncontrolling Interests 2 3 
Net Income Attributable to Ameren Common Shareholders$207 $207 $459 $440 
Earnings per Common Share – Basic$0.80 $0.81 $1.78 $1.72 
Earnings per Common Share – Diluted$0.80 $0.80 $1.77 $1.71 
Weighted-average Common Shares Outstanding – Basic258.2 256.1 258.0 255.2 
Weighted-average Common Shares Outstanding – Diluted259.4 257.2 259.2 256.5 



AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
June 30,
2022
December 31, 2021
ASSETS
Current Assets:
Cash and cash equivalents$7 $
Accounts receivable - trade (less allowance for doubtful accounts)519 434 
Unbilled revenue400 301 
Miscellaneous accounts receivable81 85 
Inventories600 592 
Mark-to-market derivative assets157 66 
Current regulatory assets333 319 
Current collateral assets222 66 
Other current assets77 97 
Total current assets2,396 1,968 
Property, Plant, and Equipment, Net30,086 29,261 
Investments and Other Assets:
Nuclear decommissioning trust fund957 1,159 
Goodwill411 411 
Regulatory assets1,487 1,289 
Pension and other postretirement benefits808 756 
Other assets963 891 
Total investments and other assets4,626 4,506 
TOTAL ASSETS$37,108 $35,735 
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt$605 $505 
Short-term debt1,021 545 
Accounts and wages payable897 1,095 
Current regulatory liabilities241 113 
Other current liabilities824 568 
Total current liabilities3,588 2,826 
Long-term Debt, Net12,985 12,562 
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net3,614 3,499 
Regulatory liabilities5,727 5,848 
Asset retirement obligations774 757 
Other deferred credits and liabilities411 414 
Total deferred credits and other liabilities10,526 10,518 
Shareholders’ Equity:
Common stock3 
Other paid-in capital, principally premium on common stock6,527 6,502 
Retained earnings3,336 3,182 
Accumulated other comprehensive income14 13 
Total shareholders’ equity9,880 9,700 
Noncontrolling Interests129 129 
Total equity10,009 9,829 
TOTAL LIABILITIES AND EQUITY$37,108 $35,735 



AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 Six Months Ended June 30,
 20222021
Cash Flows From Operating Activities:
Net income $462 $443 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization665 596 
Amortization of nuclear fuel28 20 
Amortization of debt issuance costs and premium/discounts12 11 
Deferred income taxes and investment tax credits, net66 59 
Allowance for equity funds used during construction(19)(16)
Stock-based compensation costs12 11 
Other33 
Changes in assets and liabilities(387)(690)
Net cash provided by operating activities872 436 
Cash Flows From Investing Activities:
Capital expenditures(1,538)(1,763)
Nuclear fuel expenditures(22)(4)
Purchases of securities – nuclear decommissioning trust fund(122)(203)
Sales and maturities of securities – nuclear decommissioning trust fund114 208 
Other16 
Net cash used in investing activities(1,552)(1,760)
Cash Flows From Financing Activities:
Dividends on common stock(305)(282)
Dividends paid to noncontrolling interest holders(3)(3)
Short-term debt, net475 (59)
Issuances of long-term debt524 1,423 
Issuances of common stock17 258 
Redemptions of Ameren Illinois preferred stock (13)
Employee payroll taxes related to stock-based compensation(16)(17)
Debt issuance costs(6)(13)
Other (4)
Net cash provided by financing activities686 1,290 
Net change in cash, cash equivalents, and restricted cash6 (34)
Cash, cash equivalents, and restricted cash at beginning of year155 301 
Cash, cash equivalents, and restricted cash at end of period$161 $267