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 |