Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
|
| | | | | | | |
| | Three Months Ended March 31, |
| | 2018 | | 2017 |
| Operating Revenues: | | | |
| Electric | $ | 1,223 |
| | $ | 1,207 |
|
| Natural gas | 362 |
| | 308 |
|
| Total operating revenues | 1,585 |
| | 1,515 |
|
| Operating Expenses: | | | |
| Fuel | 188 |
| | 206 |
|
| Purchased power | 163 |
| | 180 |
|
| Natural gas purchased for resale | 171 |
| | 130 |
|
| Other operations and maintenance | 431 |
| | 418 |
|
| Depreciation and amortization | 234 |
| | 221 |
|
| Taxes other than income taxes | 125 |
| | 118 |
|
| Total operating expenses | 1,312 |
| | 1,273 |
|
| Operating Income | 273 |
| | 242 |
|
| Other Income, Net | 23 |
| | 18 |
|
| Interest Charges | 101 |
| | 99 |
|
| Income Before Income Taxes | 195 |
| | 161 |
|
| Income Taxes | 42 |
| | 57 |
|
| Net Income | 153 |
| | 104 |
|
| Less: Net Income Attributable to Noncontrolling Interests | 2 |
| | 2 |
|
| Net Income Attributable to Ameren Common Shareholders | $ | 151 |
| | $ | 102 |
|
| | | | |
| Earnings per Common Share – Basic and Diluted | $ | 0.62 |
| | $ | 0.42 |
|
| | | | |
| Weighted-average Common Shares Outstanding – Basic | 242.9 |
| | 242.6 |
|
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
|
| | | | | | | |
| | March 31, 2018 | | December 31, 2017 |
| ASSETS | | | |
| Current Assets: | | | |
| Cash and cash equivalents | $ | 30 |
| | $ | 10 |
|
| Accounts receivable - trade (less allowance for doubtful accounts) | 514 |
| | 445 |
|
| Unbilled revenue | 258 |
| | 323 |
|
| Miscellaneous accounts receivable | 98 |
| | 70 |
|
| Inventories | 453 |
| | 522 |
|
| Current regulatory assets | 130 |
| | 144 |
|
| Other current assets | 84 |
| | 98 |
|
| Total current assets | 1,567 |
| | 1,612 |
|
| Property, Plant, and Equipment, Net | 21,666 |
| | 21,466 |
|
| Investments and Other Assets: | | | |
| Nuclear decommissioning trust fund | 698 |
| | 704 |
|
| Goodwill | 411 |
| | 411 |
|
| Regulatory assets | 1,205 |
| | 1,230 |
|
| Other assets | 532 |
| | 522 |
|
| Total investments and other assets | 2,846 |
| | 2,867 |
|
| TOTAL ASSETS | $ | 26,079 |
| | $ | 25,945 |
|
| LIABILITIES AND EQUITY | | | |
| Current Liabilities: | | | |
| Current maturities of long-term debt | $ | 1,170 |
| | $ | 841 |
|
| Short-term debt | 960 |
| | 484 |
|
| Accounts and wages payable | 497 |
| | 902 |
|
| Taxes accrued | 91 |
| | 52 |
|
| Interest accrued | 97 |
| | 99 |
|
| Customer deposits | 115 |
| | 108 |
|
| Current regulatory liabilities | 130 |
| | 128 |
|
| Other current liabilities | 285 |
| | 326 |
|
| Total current liabilities | 3,345 |
| | 2,940 |
|
| Long-term Debt, Net | 6,766 |
| | 7,094 |
|
| Deferred Credits and Other Liabilities: | | | |
| Accumulated deferred income taxes, net | 2,564 |
| | 2,506 |
|
| Accumulated deferred investment tax credits | 47 |
| | 49 |
|
| Regulatory liabilities | 4,363 |
| | 4,387 |
|
| Asset retirement obligations | 636 |
| | 638 |
|
| Pension and other postretirement benefits | 541 |
| | 545 |
|
| Other deferred credits and liabilities | 445 |
| | 460 |
|
| Total deferred credits and other liabilities | 8,596 |
| | 8,585 |
|
| Ameren Corporation Shareholders’ Equity: | | | |
| Common stock | 2 |
| | 2 |
|
| Other paid-in capital, principally premium on common stock | 5,546 |
| | 5,540 |
|
| Retained earnings | 1,699 |
| | 1,660 |
|
| Accumulated other comprehensive loss | (17 | ) | | (18 | ) |
| Total Ameren Corporation shareholders’ equity | 7,230 |
| | 7,184 |
|
| Noncontrolling Interests | 142 |
| | 142 |
|
| Total equity | 7,372 |
| | 7,326 |
|
| TOTAL LIABILITIES AND EQUITY | $ | 26,079 |
| | $ | 25,945 |
|
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
|
| | | | | | | |
| | Three Months Ended March 31, |
| | 2018 | | 2017 |
| Cash Flows From Operating Activities: | | | |
| Net income | $ | 153 |
| | $ | 104 |
|
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Depreciation and amortization | 230 |
| | 217 |
|
| Amortization of nuclear fuel | 24 |
| | 24 |
|
| Amortization of debt issuance costs and premium/discounts | 5 |
| | 6 |
|
| Deferred income taxes and investment tax credits, net | 26 |
| | 51 |
|
| Allowance for equity funds used during construction | (5 | ) | | (6 | ) |
| Stock-based compensation costs | 6 |
| | 4 |
|
| Other | 2 |
| | (4 | ) |
| Changes in assets and liabilities | (183 | ) | | (65 | ) |
| Net cash provided by operating activities | 258 |
| | 331 |
|
| Cash Flows From Investing Activities: | | | |
| Capital expenditures | (579 | ) | | (504 | ) |
| Nuclear fuel expenditures | (12 | ) | | (27 | ) |
| Purchases of securities – nuclear decommissioning trust fund | (38 | ) | | (40 | ) |
| Sales and maturities of securities – nuclear decommissioning trust fund | 34 |
| | 34 |
|
| Other | (2 | ) | | (2 | ) |
| Net cash used in investing activities | (597 | ) | | (539 | ) |
| Cash Flows From Financing Activities: | | | |
| Dividends on common stock | (111 | ) | | (107 | ) |
| Dividends paid to noncontrolling interest holders | (2 | ) | | (2 | ) |
| Short-term debt, net | 475 |
| | 356 |
|
| Issuances of common stock | 17 |
| | — |
|
| Repurchases of common stock for stock-based compensation | — |
| | (24 | ) |
| Employee payroll taxes related to stock-based compensation | (19 | ) | | (15 | ) |
| Other | — |
| | (1 | ) |
| Net cash provided by financing activities | 360 |
| | 207 |
|
| Net change in cash, cash equivalents, and restricted cash | 21 |
| | (1 | ) |
| Cash, cash equivalents, and restricted cash at beginning of year | 68 |
| | 52 |
|
| Cash, cash equivalents, and restricted cash at end of period | $ | 89 |
| | $ | 51 |
|
