Exhibit 99.2
AMEREN CORPORATION (AEE) | ||||||||||||||||
CONSOLIDATED STATEMENT OF INCOME | ||||||||||||||||
(Unaudited, in millions, except per share amounts) | ||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
Operating Revenues: | ||||||||||||||||
Electric | $ | 1,515 | $ | 1,547 | $ | 2,910 | $ | 3,016 | ||||||||
Gas | 169 | 243 | 690 | 855 | ||||||||||||
Total operating revenues | 1,684 | 1,790 | 3,600 | 3,871 | ||||||||||||
Operating Expenses: | ||||||||||||||||
Fuel | 287 | 200 | 561 | 502 | ||||||||||||
Coal contract settlement | - | (60 | ) | - | (60 | ) | ||||||||||
Purchased power | 219 | 306 | 452 | 593 | ||||||||||||
Gas purchased for resale | 83 | 165 | 466 | 624 | ||||||||||||
Other operations and maintenance | 451 | 476 | 872 | 905 | ||||||||||||
Depreciation and amortization | 182 | 171 | 356 | 340 | ||||||||||||
Taxes other than income taxes | 97 | 89 | 207 | 202 | ||||||||||||
Total operating expenses | 1,319 | 1,347 | 2,914 | 3,106 | ||||||||||||
Operating Income | 365 | 443 | 686 | 765 | ||||||||||||
Other Income and Expenses: | ||||||||||||||||
Miscellaneous income | 17 | 19 | 33 | 38 | ||||||||||||
Miscellaneous expense | (7 | ) | (8 | ) | (11 | ) | (13 | ) | ||||||||
Total other income | 10 | 11 | 22 | 25 | ||||||||||||
Interest Charges | 124 | 118 | 242 | 218 | ||||||||||||
Income Before Income Taxes | 251 | 336 | 466 | 572 | ||||||||||||
Income Taxes | 83 | 119 | 153 | 206 | ||||||||||||
Net Income | 168 | 217 | 313 | 366 | ||||||||||||
Less: Net Income Attributable to Noncontrolling Interests | 3 | 11 | 7 | 22 | ||||||||||||
Net Income Attributable to Ameren Corporation | $ | 165 | $ | 206 | $ | 306 | $ | 344 | ||||||||
Earnings per Common Share - Basic and Diluted | $ | 0.77 | $ | 0.98 | $ | 1.43 | $ | 1.64 | ||||||||
Average Common Shares Outstanding | 213.6 | 209.5 | 213.1 | 209.1 | ||||||||||||
AMEREN CORPORATION (AEE) | ||||||||
CONSOLIDATED STATEMENT OF CASH FLOWS | ||||||||
(Unaudited, in millions) | ||||||||
Six Months Ended | ||||||||
June 30, | ||||||||
2009 | 2008 | |||||||
Cash Flows From Operating Activities: | ||||||||
Net income | $ | 313 | $ | 366 | ||||
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 | (56 | ) | (94 | ) | ||||
Coal contract settlement | - | (60 | ) | |||||
Depreciation and amortization | 364 | 350 | ||||||
Amortization of nuclear fuel | 25 | 20 | ||||||
Amortization of debt issuance costs and premium/discounts | 7 | 8 | ||||||
Deferred income taxes and investment tax credits, net | 77 | 107 | ||||||
Other | 11 | 4 | ||||||
Changes in assets and liabilities: | ||||||||
Receivables | 93 | 15 | ||||||
Materials and supplies | 109 | 16 | ||||||
Accounts and wages payable | (204 | ) | (38 | ) | ||||
Taxes accrued | 77 | (58 | ) | |||||
Assets, other | 53 | 32 | ||||||
Liabilities, other | 68 | 65 | ||||||
Pension and other postretirement benefits | 23 | 29 | ||||||
Counterparty collateral, net | (4 | ) | (126 | ) | ||||
Taum Sauk costs, net of insurance recoveries | (48 | ) | (133 | ) | ||||
Net cash provided by operating activities | 908 | 501 | ||||||
Cash Flows From Investing Activities: | ||||||||
Capital expenditures | (846 | ) | (798 | ) | ||||
Nuclear fuel expenditures | (35 | ) | (123 | ) | ||||
Purchases of securities - nuclear decommissioning trust fund | (288 | ) | (247 | ) | ||||
Sales of securities - nuclear decommissioning trust fund | 291 | 231 | ||||||
Purchases of emission allowances | (4 | ) | (2 | ) | ||||
Sales of emission allowances | - | 2 | ||||||
Other | - | 2 | ||||||
Net cash used in investing activities | (882 | ) | (935 | ) | ||||
Cash Flows From Financing Activities: | ||||||||
Dividends on common stock | (164 | ) | (266 | ) | ||||
Debt issuance costs | (47 | ) | (9 | ) | ||||
Dividends paid to noncontrolling interest holders | (16 | ) | (21 | ) | ||||
Short-term debt, net | (209 | ) | (22 | ) | ||||
Redemptions, repurchases, and maturities of long-term debt | (250 | ) | (808 | ) | ||||
Issuances: | ||||||||
Common stock | 47 | 75 | ||||||
Long-term debt | 772 | 1,335 | ||||||
Net cash provided by financing activities | 133 | 284 | ||||||
Net change in cash and cash equivalents | 159 | (150 | ) | |||||
Cash and cash equivalents at beginning of year | 92 | 355 | ||||||
Cash and cash equivalents at end of period | $ | 251 | $ | 205 |
AMEREN CORPORATION (AEE) | ||||||
CONSOLIDATED BALANCE SHEET | ||||||
(Unaudited, in millions) | ||||||
June 30, | December 31, | |||||
2009 | 2008 | |||||
ASSETS | ||||||
Current Assets: | ||||||
Cash and cash equivalents | $ | 251 | $ | 92 | ||
Accounts receivable - trade, net | 450 | 502 | ||||
Unbilled revenue | 365 | 427 | ||||
Miscellaneous accounts and notes receivable | 337 | 292 | ||||
Materials and supplies | 733 | 842 | ||||
Mark-to-market derivative assets | 277 | 207 | ||||
Other current assets | 251 | 232 | ||||
Total current assets | 2,664 | 2,594 | ||||
Property and Plant, Net | 17,006 | 16,567 | ||||
Investments and Other Assets: | ||||||
Nuclear decommissioning trust fund | 249 | 239 | ||||
Goodwill | 831 | 831 | ||||
Intangible assets | 150 | 167 | ||||
Regulatory assets | 1,616 | 1,653 | ||||
Other assets | 674 | 606 | ||||
Total investments and other assets | 3,520 | 3,496 | ||||
TOTAL ASSETS | $ | 23,190 | $ | 22,657 | ||
LIABILITIES AND EQUITY | ||||||
Current Liabilities: | ||||||
Current maturities of long-term debt | $ | 129 | $ | 380 | ||
Short-term debt | 965 | 1,174 | ||||
Accounts and wages payable | 523 | 813 | ||||
Taxes accrued | 131 | 54 | ||||
Interest accrued | 126 | 107 | ||||
Mark-to-market derivative liabilities | 234 | 155 | ||||
Other current liabilities | 437 | 380 | ||||
Total current liabilities | 2,545 | 3,063 | ||||
Long-term Debt, Net | 7,321 | 6,554 | ||||
Deferred Credits and Other Liabilities: | ||||||
Accumulated deferred income taxes, net | 2,194 | 2,131 | ||||
Accumulated deferred investment tax credits | 95 | 100 | ||||
Regulatory liabilities | 1,307 | 1,291 | ||||
Asset retirement obligations | 418 | 406 | ||||
Pension and other postretirement benefits | 1,486 | 1,495 | ||||
Other deferred credits and liabilities | 470 | 438 | ||||
Total deferred credits and other liabilities | 5,970 | 5,861 | ||||
Ameren Corporation Stockholders' Equity: | ||||||
Common stock | 2 | 2 | ||||
Other paid-in capital, principally premium on common stock | 4,835 | 4,780 | ||||
Retained earnings | 2,323 | 2,181 | ||||
Accumulated other comprehensive income (loss) | (13) | - | ||||
Total Ameren Corporation stockholders' equity | 7,147 | 6,963 | ||||
Noncontrolling Interests | 207 | 216 | ||||
Total equity | 7,354 | 7,179 | ||||
TOTAL LIABILITIES AND EQUITY | $ | 23,190 | $ | 22,657 |