Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
|
| | | | | | | |
| | Three Months Ended March 31, |
| | 2017 | | 2016 |
| Operating Revenues: | | | |
| Electric | $ | 1,206 |
| | $ | 1,102 |
|
| Gas | 308 |
| | 332 |
|
| Total operating revenues | 1,514 |
| | 1,434 |
|
| Operating Expenses: | | | |
| Fuel | 206 |
| | 203 |
|
| Purchased power | 180 |
| | 138 |
|
| Gas purchased for resale | 130 |
| | 152 |
|
| Other operations and maintenance | 405 |
| | 400 |
|
| Depreciation and amortization | 221 |
| | 207 |
|
| Taxes other than income taxes | 118 |
| | 114 |
|
| Total operating expenses | 1,260 |
| | 1,214 |
|
| Operating Income | 254 |
| | 220 |
|
| Other Income and Expenses: | | | |
| Miscellaneous income | 15 |
| | 20 |
|
| Miscellaneous expense | 9 |
| | 7 |
|
| Total other income | 6 |
| | 13 |
|
| Interest Charges | 99 |
| | 95 |
|
| Income Before Income Taxes | 161 |
| | 138 |
|
| Income Taxes | 57 |
| | 31 |
|
| Net Income | 104 |
| | 107 |
|
| Less: Net Income Attributable to Noncontrolling Interests | 2 |
| | 2 |
|
| Net Income Attributable to Ameren Common Shareholders | $ | 102 |
| | $ | 105 |
|
| | | | |
| Earnings per Common Share – Basic and Diluted | $ | 0.42 |
| | $ | 0.43 |
|
| | | | |
| Average Common Shares Outstanding – Basic | 242.6 |
| | 242.6 |
|
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
|
| | | | | | | |
| | March 31, 2017 | | December 31, 2016 |
| ASSETS | | | |
| Current Assets: | | | |
| Cash and cash equivalents | $ | 8 |
| | $ | 9 |
|
| Accounts receivable - trade (less allowance for doubtful accounts) | 457 |
| | 437 |
|
| Unbilled revenue | 228 |
| | 295 |
|
| Miscellaneous accounts receivable | 67 |
| | 63 |
|
| Inventories | 467 |
| | 527 |
|
| Current regulatory assets | 118 |
| | 149 |
|
| Other current assets | 105 |
| | 113 |
|
| Total current assets | 1,450 |
| | 1,593 |
|
| Property, Plant, and Equipment, Net | 20,298 |
| | 20,113 |
|
| Investments and Other Assets: | | | |
| Nuclear decommissioning trust fund | 635 |
| | 607 |
|
| Goodwill | 411 |
| | 411 |
|
| Regulatory assets | 1,485 |
| | 1,437 |
|
| Other assets | 532 |
| | 538 |
|
| Total investments and other assets | 3,063 |
| | 2,993 |
|
| TOTAL ASSETS | $ | 24,811 |
| | $ | 24,699 |
|
| LIABILITIES AND EQUITY | | | |
| Current Liabilities: | | | |
| Current maturities of long-term debt | $ | 681 |
| | $ | 681 |
|
| Short-term debt | 914 |
| | 558 |
|
| Accounts and wages payable | 460 |
| | 805 |
|
| Taxes accrued | 77 |
| | 46 |
|
| Interest accrued | 100 |
| | 93 |
|
| Customer deposits | 106 |
| | 107 |
|
| Current regulatory liabilities | 144 |
| | 110 |
|
| Other current liabilities | 280 |
| | 274 |
|
| Total current liabilities | 2,762 |
| | 2,674 |
|
| Long-term Debt, Net | 6,597 |
| | 6,595 |
|
| Deferred Credits and Other Liabilities: | | | |
| Accumulated deferred income taxes, net | 4,321 |
| | 4,264 |
|
| Accumulated deferred investment tax credits | 53 |
| | 55 |
|
| Regulatory liabilities | 1,982 |
| | 1,985 |
|
| Asset retirement obligations | 641 |
| | 635 |
|
| Pension and other postretirement benefits | 768 |
| | 769 |
|
| Other deferred credits and liabilities | 481 |
| | 477 |
|
| Total deferred credits and other liabilities | 8,246 |
| | 8,185 |
|
| Ameren Corporation Shareholders’ Equity: | | | |
| Common stock | 2 |
| | 2 |
|
| Other paid-in capital, principally premium on common stock | 5,522 |
| | 5,556 |
|
| Retained earnings | 1,563 |
| | 1,568 |
|
| Accumulated other comprehensive loss | (23 | ) | | (23 | ) |
| Total Ameren Corporation shareholders’ equity | 7,064 |
| | 7,103 |
|
| Noncontrolling Interests | 142 |
| | 142 |
|
| Total equity | 7,206 |
| | 7,245 |
|
| TOTAL LIABILITIES AND EQUITY | $ | 24,811 |
| | $ | 24,699 |
|
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
|
| | | | | | | |
| | Three Months Ended March 31, |
| | 2017 | | 2016 |
| Cash Flows From Operating Activities: | | | |
| Net income | $ | 104 |
| | $ | 107 |
|
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Depreciation and amortization | 217 |
| | 210 |
|
| Amortization of nuclear fuel | 24 |
| | 24 |
|
| Amortization of debt issuance costs and premium/discounts | 6 |
| | 6 |
|
| Deferred income taxes and investment tax credits, net | 51 |
| | 42 |
|
| Allowance for equity funds used during construction | (6 | ) | | (8 | ) |
| Share-based compensation costs | 4 |
| | 6 |
|
| Other | (4 | ) | | (3 | ) |
| Changes in assets and liabilities | (65 | ) | | (35 | ) |
| Net cash provided by operating activities | 331 |
| | 349 |
|
| Cash Flows From Investing Activities: | | | |
| Capital expenditures | (504 | ) | | (496 | ) |
| Nuclear fuel expenditures | (27 | ) | | (21 | ) |
| Purchases of securities – nuclear decommissioning trust fund | (64 | ) | | (130 | ) |
| Sales and maturities of securities – nuclear decommissioning trust fund | 58 |
| | 125 |
|
| Other | (2 | ) | | 12 |
|
| Net cash used in investing activities | (539 | ) | | (510 | ) |
| Cash Flows From Financing Activities: | | | |
| Dividends on common stock | (107 | ) | | (103 | ) |
| Dividends paid to noncontrolling interest holders | (2 | ) | | (2 | ) |
| Short-term debt, net | 356 |
| | 280 |
|
| Maturities of long-term debt | — |
| | (260 | ) |
| Share-based payments | (39 | ) | | (32 | ) |
| Other | (1 | ) | | (1 | ) |
| Net cash provided by (used in) financing activities | 207 |
| | (118 | ) |
| Net change in cash and cash equivalents | (1 | ) | | (279 | ) |
| Cash and cash equivalents at beginning of year | 9 |
| | 292 |
|
| Cash and cash equivalents at end of period | $ | 8 |
| | $ | 13 |
|
