Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2018 | 2017 | 2018 | 2017 | ||||||||||||
Operating Revenues: | |||||||||||||||
Electric | $ | 1,396 | $ | 1,382 | $ | 2,619 | $ | 2,589 | |||||||
Natural gas | 167 | 155 | 529 | 463 | |||||||||||
Total operating revenues | 1,563 | 1,537 | 3,148 | 3,052 | |||||||||||
Operating Expenses: | |||||||||||||||
Fuel | 186 | 189 | 374 | 395 | |||||||||||
Purchased power | 142 | 150 | 305 | 330 | |||||||||||
Natural gas purchased for resale | 51 | 41 | 222 | 171 | |||||||||||
Other operations and maintenance | 439 | 431 | 870 | 849 | |||||||||||
Depreciation and amortization | 238 | 222 | 472 | 443 | |||||||||||
Taxes other than income taxes | 122 | 117 | 247 | 235 | |||||||||||
Total operating expenses | 1,178 | 1,150 | 2,490 | 2,423 | |||||||||||
Operating Income | 385 | 387 | 658 | 629 | |||||||||||
Other Income, Net | 29 | 20 | 52 | 38 | |||||||||||
Interest Charges | 100 | 99 | 201 | 198 | |||||||||||
Income Before Income Taxes | 314 | 308 | 509 | 469 | |||||||||||
Income Taxes | 74 | 114 | 116 | 171 | |||||||||||
Net Income | 240 | 194 | 393 | 298 | |||||||||||
Less: Net Income Attributable to Noncontrolling Interests | 1 | 1 | 3 | 3 | |||||||||||
Net Income Attributable to Ameren Common Shareholders | $ | 239 | $ | 193 | $ | 390 | $ | 295 | |||||||
Earnings per Common Share – Basic | $ | 0.98 | $ | 0.79 | $ | 1.60 | $ | 1.21 | |||||||
Earnings per Common Share – Diluted | $ | 0.97 | $ | 0.79 | $ | 1.59 | $ | 1.21 | |||||||
Weighted-average Common Shares Outstanding – Basic | 243.7 | 242.6 | 243.3 | 242.6 | |||||||||||
Weighted-average Common Shares Outstanding – Diluted | 245.8 | 243.5 | 245.1 | 243.7 |
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
June 30, 2018 | December 31, 2017 | ||||||
ASSETS | |||||||
Current Assets: | |||||||
Cash and cash equivalents | $ | 29 | $ | 10 | |||
Accounts receivable - trade (less allowance for doubtful accounts) | 560 | 445 | |||||
Unbilled revenue | 371 | 323 | |||||
Miscellaneous accounts receivable | 74 | 70 | |||||
Inventories | 475 | 522 | |||||
Current regulatory assets | 104 | 144 | |||||
Other current assets | 72 | 98 | |||||
Total current assets | 1,685 | 1,612 | |||||
Property, Plant, and Equipment, Net | 21,998 | 21,466 | |||||
Investments and Other Assets: | |||||||
Nuclear decommissioning trust fund | 714 | 704 | |||||
Goodwill | 411 | 411 | |||||
Regulatory assets | 1,205 | 1,230 | |||||
Other assets | 626 | 522 | |||||
Total investments and other assets | 2,956 | 2,867 | |||||
TOTAL ASSETS | $ | 26,639 | $ | 25,945 | |||
LIABILITIES AND EQUITY | |||||||
Current Liabilities: | |||||||
Current maturities of long-term debt | $ | 847 | $ | 841 | |||
Short-term debt | 506 | 484 | |||||
Accounts and wages payable | 565 | 902 | |||||
Taxes accrued | 139 | 52 | |||||
Interest accrued | 109 | 99 | |||||
Customer deposits | 114 | 108 | |||||
Current regulatory liabilities | 133 | 128 | |||||
Other current liabilities | 298 | 326 | |||||
Total current liabilities | 2,711 | 2,940 | |||||
Long-term Debt, Net | 7,613 | 7,094 | |||||
Deferred Credits and Other Liabilities: | |||||||
Accumulated deferred income taxes, net | 2,584 | 2,506 | |||||
Accumulated deferred investment tax credits | 46 | 49 | |||||
Regulatory liabilities | 4,540 | 4,387 | |||||
Asset retirement obligations | 641 | 638 | |||||
Pension and other postretirement benefits | 545 | 545 | |||||
Other deferred credits and liabilities | 431 | 460 | |||||
Total deferred credits and other liabilities | 8,787 | 8,585 | |||||
Ameren Corporation Shareholders’ Equity: | |||||||
Common stock | 2 | 2 | |||||
Other paid-in capital, principally premium on common stock | 5,576 | 5,540 | |||||
Retained earnings | 1,827 | 1,660 | |||||
Accumulated other comprehensive loss | (19 | ) | (18 | ) | |||
Total Ameren Corporation shareholders’ equity | 7,386 | 7,184 | |||||
Noncontrolling Interests | 142 | 142 | |||||
Total equity | 7,528 | 7,326 | |||||
TOTAL LIABILITIES AND EQUITY | $ | 26,639 | $ | 25,945 |
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
Six Months Ended June 30, | |||||||
2018 | 2017 | ||||||
Cash Flows From Operating Activities: | |||||||
Net income | $ | 393 | $ | 298 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
Depreciation and amortization | 463 | 433 | |||||
Amortization of nuclear fuel | 48 | 48 | |||||
Amortization of debt issuance costs and premium/discounts | 11 | 11 | |||||
Deferred income taxes and investment tax credits, net | 81 | 175 | |||||
Allowance for equity funds used during construction | (14 | ) | (10 | ) | |||
Stock-based compensation costs | 10 | 8 | |||||
Other | 11 | (5 | ) | ||||
Changes in assets and liabilities | (183 | ) | (95 | ) | |||
Net cash provided by operating activities | 820 | 863 | |||||
Cash Flows From Investing Activities: | |||||||
Capital expenditures | (1,112 | ) | (998 | ) | |||
Nuclear fuel expenditures | (16 | ) | (50 | ) | |||
Purchases of securities – nuclear decommissioning trust fund | (129 | ) | (161 | ) | |||
Sales and maturities of securities – nuclear decommissioning trust fund | 122 | 152 | |||||
Other | 6 | (2 | ) | ||||
Net cash used in investing activities | (1,129 | ) | (1,059 | ) | |||
Cash Flows From Financing Activities: | |||||||
Dividends on common stock | (223 | ) | (214 | ) | |||
Dividends paid to noncontrolling interest holders | (3 | ) | (3 | ) | |||
Short-term debt, net | 21 | 334 | |||||
Maturities of long-term debt | (323 | ) | (425 | ) | |||
Issuances of long-term debt | 853 | 549 | |||||
Issuances of common stock | 40 | — | |||||
Repurchases of common stock for stock-based compensation | — | (24 | ) | ||||
Employee payroll taxes related to stock-based compensation | (19 | ) | (15 | ) | |||
Debt issuance costs | (9 | ) | (4 | ) | |||
Other | — | (1 | ) | ||||
Net cash provided by financing activities | 337 | 197 | |||||
Net change in cash, cash equivalents, and restricted cash | 28 | 1 | |||||
Cash, cash equivalents, and restricted cash at beginning of year | 68 | 52 | |||||
Cash, cash equivalents, and restricted cash at end of period | $ | 96 | $ | 53 |