Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||||
Electric | $ | 1,668 | $ | 1,489 | $ | 4,108 | $ | 3,846 | |||||||||||||||
Natural gas | 143 | 139 | 741 | 620 | |||||||||||||||||||
Total operating revenues | 1,811 | 1,628 | 4,849 | 4,466 | |||||||||||||||||||
Operating Expenses: | |||||||||||||||||||||||
Fuel | 184 | 141 | 422 | 400 | |||||||||||||||||||
Purchased power | 159 | 140 | 479 | 383 | |||||||||||||||||||
Natural gas purchased for resale | 45 | 34 | 275 | 183 | |||||||||||||||||||
Other operations and maintenance | 457 | 418 | 1,289 | 1,240 | |||||||||||||||||||
Depreciation and amortization | 290 | 273 | 856 | 799 | |||||||||||||||||||
Taxes other than income taxes | 142 | 128 | 392 | 372 | |||||||||||||||||||
Total operating expenses | 1,277 | 1,134 | 3,713 | 3,377 | |||||||||||||||||||
Operating Income | 534 | 494 | 1,136 | 1,089 | |||||||||||||||||||
Other Income, Net | 56 | 48 | 151 | 117 | |||||||||||||||||||
Interest Charges | 94 | 110 | 290 | 311 | |||||||||||||||||||
Income Before Income Taxes | 496 | 432 | 997 | 895 | |||||||||||||||||||
Income Taxes | 70 | 63 | 128 | 134 | |||||||||||||||||||
Net Income | 426 | 369 | 869 | 761 | |||||||||||||||||||
Less: Net Income Attributable to Noncontrolling Interests | 1 | 2 | 4 | 5 | |||||||||||||||||||
Net Income Attributable to Ameren Common Shareholders | $ | 425 | $ | 367 | $ | 865 | $ | 756 | |||||||||||||||
Earnings per Common Share – Basic | $ | 1.66 | $ | 1.48 | $ | 3.38 | $ | 3.06 | |||||||||||||||
Earnings per Common Share – Diluted | $ | 1.65 | $ | 1.47 | $ | 3.36 | $ | 3.04 | |||||||||||||||
Weighted-average Common Shares Outstanding – Basic | 257.3 | 247.1 | 255.9 | 246.8 | |||||||||||||||||||
Weighted-average Common Shares Outstanding – Diluted | 258.6 | 249.2 | 257.2 | 248.4 |
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
September 30, 2021 | December 31, 2020 | ||||||||||
ASSETS | |||||||||||
Current Assets: | |||||||||||
Cash and cash equivalents | $ | 7 | $ | 139 | |||||||
Accounts receivable - trade (less allowance for doubtful accounts) | 515 | 415 | |||||||||
Unbilled revenue | 332 | 269 | |||||||||
Miscellaneous accounts receivable | 111 | 65 | |||||||||
Inventories | 595 | 521 | |||||||||
Current regulatory assets | 359 | 109 | |||||||||
Other current assets | 285 | 135 | |||||||||
Total current assets | 2,204 | 1,653 | |||||||||
Property, Plant, and Equipment, Net | 28,559 | 26,807 | |||||||||
Investments and Other Assets: | |||||||||||
Nuclear decommissioning trust fund | 1,076 | 982 | |||||||||
Goodwill | 411 | 411 | |||||||||
Regulatory assets | 1,235 | 1,100 | |||||||||
Other assets | 1,180 | 1,077 | |||||||||
Total investments and other assets | 3,902 | 3,570 | |||||||||
TOTAL ASSETS | $ | 34,665 | $ | 32,030 | |||||||
LIABILITIES AND EQUITY | |||||||||||
Current Liabilities: | |||||||||||
Current maturities of long-term debt | $ | 57 | $ | 8 | |||||||
Short-term debt | 553 | 490 | |||||||||
Accounts and wages payable | 811 | 958 | |||||||||
Taxes accrued | 231 | 82 | |||||||||
Interest accrued | 103 | 114 | |||||||||
Current regulatory liabilities | 138 | 121 | |||||||||
Other current liabilities | 464 | 407 | |||||||||
Total current liabilities | 2,357 | 2,180 | |||||||||
Long-term Debt, Net | 12,444 | 11,078 | |||||||||
Deferred Credits and Other Liabilities: | |||||||||||
Accumulated deferred income taxes and tax credits, net | 3,465 | 3,211 | |||||||||
Regulatory liabilities | 5,425 | 5,282 | |||||||||
Asset retirement obligations | 705 | 696 | |||||||||
Pension and other postretirement benefits | 39 | 37 | |||||||||
Other deferred credits and liabilities | 416 | 466 | |||||||||
Total deferred credits and other liabilities | 10,050 | 9,692 | |||||||||
Shareholders’ Equity: | |||||||||||
Common stock | 3 | 3 | |||||||||
Other paid-in capital, principally premium on common stock | 6,483 | 6,179 | |||||||||
Retained earnings | 3,199 | 2,757 | |||||||||
Accumulated other comprehensive loss | — | (1) | |||||||||
Total shareholders’ equity | 9,685 | 8,938 | |||||||||
Noncontrolling Interests | 129 | 142 | |||||||||
Total equity | 9,814 | 9,080 | |||||||||
TOTAL LIABILITIES AND EQUITY | $ | 34,665 | $ | 32,030 |
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
Nine Months Ended September 30, | |||||||||||
2021 | 2020 | ||||||||||
Cash Flows From Operating Activities: | |||||||||||
Net income | $ | 869 | $ | 761 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | 903 | 802 | |||||||||
Amortization of nuclear fuel | 37 | 68 | |||||||||
Amortization of debt issuance costs and premium/discounts | 17 | 16 | |||||||||
Deferred income taxes and investment tax credits, net | 139 | 125 | |||||||||
Allowance for equity funds used during construction | (30) | (25) | |||||||||
Stock-based compensation costs | 17 | 16 | |||||||||
Other | 11 | 14 | |||||||||
Changes in assets and liabilities | (771) | (448) | |||||||||
Net cash provided by operating activities | 1,192 | 1,329 | |||||||||
Cash Flows From Investing Activities: | |||||||||||
Capital expenditures | (2,098) | (1,884) | |||||||||
Wind generation expenditures | (515) | — | |||||||||
Nuclear fuel expenditures | (19) | (61) | |||||||||
Purchases of securities – nuclear decommissioning trust fund | (411) | (169) | |||||||||
Sales and maturities of securities – nuclear decommissioning trust fund | 404 | 135 | |||||||||
Other | (7) | (2) | |||||||||
Net cash used in investing activities | (2,646) | (1,981) | |||||||||
Cash Flows From Financing Activities: | |||||||||||
Dividends on common stock | (423) | (367) | |||||||||
Dividends paid to noncontrolling interest holders | (4) | (5) | |||||||||
Short-term debt, net | 63 | (168) | |||||||||
Maturities of long-term debt | — | (85) | |||||||||
Issuances of long-term debt | 1,423 | 1,263 | |||||||||
Issuances of common stock | 297 | 37 | |||||||||
Redemptions of Ameren Illinois preferred stock | (13) | — | |||||||||
Employee payroll taxes related to stock-based compensation | (17) | (20) | |||||||||
Debt issuance costs | (15) | (11) | |||||||||
Other | (13) | — | |||||||||
Net cash provided by financing activities | 1,298 | 644 | |||||||||
Net change in cash, cash equivalents, and restricted cash | (156) | (8) | |||||||||
Cash, cash equivalents, and restricted cash at beginning of year | 301 | 176 | |||||||||
Cash, cash equivalents, and restricted cash at end of period | $ | 145 | $ | 168 |