Exhibit 99.2
AMEREN CORPORATION (AEE) | |||||||||||||||
CONSOLIDATED STATEMENT OF INCOME | |||||||||||||||
(Unaudited, in millions, except per share amounts) | |||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||
September 30, | September 30, | ||||||||||||||
2008 | 2007 | 2008 | 2007 | ||||||||||||
Operating Revenues: | |||||||||||||||
Electric | $ | 1,928 | $ | 1,872 | $ | 4,944 | $ | 4,855 | |||||||
Gas | 132 | 125 | 987 | 895 | |||||||||||
Total operating revenues | 2,060 | 1,997 | 5,931 | 5,750 | |||||||||||
Operating Expenses: | |||||||||||||||
Fuel | 461 | 338 | 963 | 864 | |||||||||||
Coal contract settlement | - | - | (60 | ) | - | ||||||||||
Purchased power | 371 | 419 | 964 | 1,106 | |||||||||||
Gas purchased for resale | 73 | 68 | 697 | 622 | |||||||||||
Other operations and maintenance | 449 | 417 | 1,340 | 1,230 | |||||||||||
Depreciation and amortization | 180 | 176 | 534 | 534 | |||||||||||
Taxes other than income taxes | 98 | 97 | 300 | 295 | |||||||||||
Total operating expenses | 1,632 | 1,515 | 4,738 | 4,651 | |||||||||||
Operating Income | 428 | 482 | 1,193 | 1,099 | |||||||||||
Other Income and Expenses: | |||||||||||||||
Miscellaneous income | 23 | 20 | 61 | 53 | |||||||||||
Miscellaneous expense | (10 | ) | (9 | ) | (23 | ) | (19 | ) | |||||||
Total other income | 13 | 11 | 38 | 34 | |||||||||||
Interest Charges | 113 | 110 | 331 | 316 | |||||||||||
Income Before Income Taxes, Minority Interest and Preferred | |||||||||||||||
Dividends of Subsidiaries | 328 | 383 | 900 | 817 | |||||||||||
Income Taxes | 113 | 130 | 319 | 279 | |||||||||||
Income Before Minority Interest and Preferred Dividends of Subsidiaries | 215 | 253 | 581 | 538 | |||||||||||
Minority Interest and Preferred Dividends of Subsidiaries | 11 | 9 | 33 | 28 | |||||||||||
Net Income | $ | 204 | $ | 244 | $ | 548 | $ | 510 | |||||||
Earnings per Common Share - Basic and Diluted | $ | 0.97 | $ | 1.18 | $ | 2.61 | $ | 2.46 | |||||||
Average Common Shares Outstanding | 210.3 | 207.6 | 209.5 | 207.1 |
AMEREN CORPORATION (AEE) | |||||||
CONSOLIDATED STATEMENT OF CASH FLOWS | |||||||
(Unaudited, in millions) | |||||||
Nine Months Ended | |||||||
September 30, | |||||||
2008 | 2007 | ||||||
Cash Flows From Operating Activities: | |||||||
Net income | $ | 548 | $ | 510 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
Gain on sales of emission allowances | (2 | ) | (7 | ) | |||
Net mark-to-market gain on derivatives | (42 | ) | (7 | ) | |||
Depreciation and amortization | 549 | 557 | |||||
Amortization of nuclear fuel | 31 | 26 | |||||
Amortization of debt issuance costs and premium/discounts | 14 | 14 | |||||
Deferred income taxes and investment tax credits, net | 130 | 18 | |||||
Minority interest | 25 | 20 | |||||
Other | (2 | ) | 10 | ||||
Changes in assets and liabilities: | |||||||
Receivables | 144 | (220 | ) | ||||
Materials and supplies | (216 | ) | (110 | ) | |||
Accounts and wages payable | (100 | ) | (113 | ) | |||
Taxes accrued, net | 44 | 75 | |||||
Assets, other | 46 | 58 | |||||
Liabilities, other | 142 | �� | 151 | ||||
Pension and other postretirement benefit obligations | 2 | 67 | |||||
Counterparty collateral asset | (2 | ) | (71 | ) | |||
Counterparty collateral liability | 2 | - | |||||
Taum Sauk insurance receivable, net | (68 | ) | (58 | ) | |||
Net cash provided by operating activities | 1,245 | 920 | |||||
Cash Flows From Investing Activities: | |||||||
Capital expenditures | (1,316 | ) | (1,035 | ) | |||
Nuclear fuel expenditures | (161 | ) | (39 | ) | |||
Purchases of securities - nuclear decommissioning trust fund | (386 | ) | (110 | ) | |||
Sales of securities - nuclear decommissioning trust fund | 360 | 98 | |||||
Purchases of emission allowances | (2 | ) | (12 | ) | |||
Sales of emission allowances | 2 | 5 | |||||
Other | 2 | - | |||||
Net cash used in investing activities | (1,501 | ) | (1,093 | ) | |||
Cash Flows From Financing Activities: | |||||||
Dividends on common stock | (399 | ) | (395 | ) | |||
Capital issuance costs | (9 | ) | (3 | ) | |||
Short-term debt, net | (65 | ) | 590 | ||||
Dividends paid to minority interest holder | (23 | ) | (16 | ) | |||
Redemptions, repurchases, and maturities: | |||||||
Long-term debt | (823 | ) | (465 | ) | |||
Preferred stock | (16 | ) | (1 | ) | |||
Issuances: | |||||||
Common stock | 107 | 71 | |||||
Long-term debt | 1,335 | 425 | |||||
Net cash provided by financing activities | 107 | 206 | |||||
Net change in cash and cash equivalents | (149 | ) | 33 | ||||
Cash and cash equivalents at beginning of year | 355 | 137 | |||||
Cash and cash equivalents at end of period | $ | 206 | $ | 170 |
AMEREN CORPORATION (AEE) | |||||||
CONSOLIDATED BALANCE SHEET | |||||||
(Unaudited, in millions) | |||||||
September 30, | December 31, | ||||||
2008 | 2007 | ||||||
ASSETS | |||||||
Current Assets: | |||||||
Cash and cash equivalents | $ | 206 | $ | 355 | |||
Accounts receivable - trade, net | 506 | 570 | |||||
Unbilled revenue | 262 | 359 | |||||
Miscellaneous accounts and notes receivable | 291 | 280 | |||||
Materials and supplies | 956 | 735 | |||||
Other current assets | 326 | 181 | |||||
Total current assets | 2,547 | 2,480 | |||||
Property and Plant, Net | 15,977 | 15,069 | |||||
Investments and Other Assets: | |||||||
Nuclear decommissioning trust fund | 269 | 307 | |||||
Goodwill | 831 | 831 | |||||
Intangible assets | 167 | 198 | |||||
Regulatory assets | 1,122 | 1,158 | |||||
Other assets | 566 | 685 | |||||
Total investments and other assets | 2,955 | 3,179 | |||||
TOTAL ASSETS | $ | 21,479 | $ | 20,728 | |||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
Current Liabilities: | |||||||
Current maturities of long-term debt | $ | 269 | $ | 221 | |||
Short-term debt | 1,407 | 1,472 | |||||
Accounts and wages payable | 509 | 687 | |||||
Taxes accrued | 128 | 84 | |||||
Other current liabilities | 605 | 438 | |||||
Total current liabilities | 2,918 | 2,902 | |||||
Long-term Debt, Net | 6,143 | 5,691 | |||||
Preferred Stock of Subsidiary Subject to Mandatory Redemption | - | 16 | |||||
Deferred Credits and Other Liabilities: | |||||||
Accumulated deferred income taxes, net | 2,072 | 2,046 | |||||
Accumulated deferred investment tax credits | 102 | 109 | |||||
Regulatory liabilities | 1,291 | 1,240 | |||||
Asset retirement obligations | 583 | 562 | |||||
Accrued pension and other postretirement benefits | 741 | 839 | |||||
Other deferred credits and liabilities | 367 | 354 | |||||
Total deferred credits and other liabilities | 5,156 | 5,150 | |||||
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption | 195 | 195 | |||||
Minority Interest in Consolidated Subsidiaries | 24 | 22 | |||||
Stockholders' Equity: | |||||||
Common stock | 2 | 2 | |||||
Other paid-in capital, principally premium on common stock | 4,731 | 4,604 | |||||
Retained earnings | 2,259 | 2,110 | |||||
Accumulated other comprehensive income | 51 | 36 | |||||
Total stockholders' equity | 7,043 | 6,752 | |||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 21,479 | $ | 20,728 |