Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
Three Months Ended March 31, | |||||||||||||||||||||||
2023 | 2022 | ||||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||||
Electric | $ | 1,590 | $ | 1,318 | |||||||||||||||||||
Natural gas | 472 | 561 | |||||||||||||||||||||
Total operating revenues | 2,062 | 1,879 | |||||||||||||||||||||
Operating Expenses: | |||||||||||||||||||||||
Fuel | 113 | 176 | |||||||||||||||||||||
Purchased power | 495 | 177 | |||||||||||||||||||||
Natural gas purchased for resale | 208 | 293 | |||||||||||||||||||||
Other operations and maintenance | 448 | 461 | |||||||||||||||||||||
Depreciation and amortization | 320 | 299 | |||||||||||||||||||||
Taxes other than income taxes | 127 | 142 | |||||||||||||||||||||
Total operating expenses | 1,711 | 1,548 | |||||||||||||||||||||
Operating Income | 351 | 331 | |||||||||||||||||||||
Other Income, Net | 78 | 60 | |||||||||||||||||||||
Interest Charges | 127 | 104 | |||||||||||||||||||||
Income Before Income Taxes | 302 | 287 | |||||||||||||||||||||
Income Taxes | 37 | 34 | |||||||||||||||||||||
Net Income | 265 | 253 | |||||||||||||||||||||
Less: Net Income Attributable to Noncontrolling Interests | 1 | 1 | |||||||||||||||||||||
Net Income Attributable to Ameren Common Shareholders | $ | 264 | $ | 252 | |||||||||||||||||||
Earnings per Common Share – Basic | $ | 1.01 | $ | 0.98 | |||||||||||||||||||
Earnings per Common Share – Diluted | $ | 1.00 | $ | 0.97 | |||||||||||||||||||
Weighted-average Common Shares Outstanding – Basic | 262.2 | 257.9 | |||||||||||||||||||||
Weighted-average Common Shares Outstanding – Diluted | 263.1 | 259.0 |
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
March 31, 2023 | December 31, 2022 | ||||||||||
ASSETS | |||||||||||
Current Assets: | |||||||||||
Cash and cash equivalents | $ | 10 | $ | 10 | |||||||
Accounts receivable - trade (less allowance for doubtful accounts) | 625 | 600 | |||||||||
Unbilled revenue | 299 | 446 | |||||||||
Miscellaneous accounts receivable | 62 | 54 | |||||||||
Inventories | 630 | 667 | |||||||||
Current regulatory assets | 292 | 354 | |||||||||
Investment in industrial development revenue bonds | — | 240 | |||||||||
Current collateral assets | 29 | 142 | |||||||||
Other current assets | 115 | 155 | |||||||||
Total current assets | 2,062 | 2,668 | |||||||||
Property, Plant, and Equipment, Net | 31,735 | 31,262 | |||||||||
Investments and Other Assets: | |||||||||||
Nuclear decommissioning trust fund | 1,019 | 958 | |||||||||
Goodwill | 411 | 411 | |||||||||
Regulatory assets | 1,599 | 1,426 | |||||||||
Pension and other postretirement benefits | 423 | 411 | |||||||||
Other assets | 815 | 768 | |||||||||
Total investments and other assets | 4,267 | 3,974 | |||||||||
TOTAL ASSETS | $ | 38,064 | $ | 37,904 | |||||||
LIABILITIES AND EQUITY | |||||||||||
Current Liabilities: | |||||||||||
Current maturities of long-term debt | $ | 100 | $ | 340 | |||||||
Short-term debt | 1,248 | 1,070 | |||||||||
Accounts and wages payable | 664 | 1,159 | |||||||||
Other current liabilities | 745 | 797 | |||||||||
Total current liabilities | 2,757 | 3,366 | |||||||||
Long-term Debt, Net | 14,181 | 13,685 | |||||||||
Deferred Credits and Other Liabilities: | |||||||||||
Accumulated deferred income taxes and tax credits, net | 3,856 | 3,804 | |||||||||
Regulatory liabilities | 5,395 | 5,309 | |||||||||
Asset retirement obligations | 769 | 763 | |||||||||
Other deferred credits and liabilities | 370 | 340 | |||||||||
Total deferred credits and other liabilities | 10,390 | 10,216 | |||||||||
Shareholders’ Equity: | |||||||||||
Common stock | 3 | 3 | |||||||||
Other paid-in capital, principally premium on common stock | 6,861 | 6,860 | |||||||||
Retained earnings | 3,745 | 3,646 | |||||||||
Accumulated other comprehensive loss | (2) | (1) | |||||||||
Total shareholders’ equity | 10,607 | 10,508 | |||||||||
Noncontrolling Interests | 129 | 129 | |||||||||
Total equity | 10,736 | 10,637 | |||||||||
TOTAL LIABILITIES AND EQUITY | $ | 38,064 | $ | 37,904 |
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
Three Months Ended March 31, | |||||||||||
2023 | 2022 | ||||||||||
Cash Flows From Operating Activities: | |||||||||||
Net income | $ | 265 | $ | 253 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | 350 | 324 | |||||||||
Amortization of nuclear fuel | 19 | 22 | |||||||||
Amortization of debt issuance costs and premium/discounts | 3 | 4 | |||||||||
Deferred income taxes and investment tax credits, net | 35 | 31 | |||||||||
Allowance for equity funds used during construction | (9) | (8) | |||||||||
Stock-based compensation costs | 8 | 4 | |||||||||
Other | (6) | 11 | |||||||||
Changes in assets and liabilities | (169) | (253) | |||||||||
Net cash provided by operating activities | 496 | 388 | |||||||||
Cash Flows From Investing Activities: | |||||||||||
Capital expenditures | (931) | (774) | |||||||||
Nuclear fuel expenditures | (20) | (16) | |||||||||
Purchases of securities – nuclear decommissioning trust fund | (29) | (97) | |||||||||
Sales and maturities of securities – nuclear decommissioning trust fund | 17 | 92 | |||||||||
Other | (1) | 15 | |||||||||
Net cash used in investing activities | (964) | (780) | |||||||||
Cash Flows From Financing Activities: | |||||||||||
Dividends on common stock | (165) | (152) | |||||||||
Dividends paid to noncontrolling interest holders | (1) | (1) | |||||||||
Short-term debt, net | 179 | 555 | |||||||||
Issuances of long-term debt | 499 | — | |||||||||
Issuances of common stock | 5 | 5 | |||||||||
Employee payroll taxes related to stock-based compensation | (20) | (16) | |||||||||
Debt issuance costs | (5) | — | |||||||||
Other | (3) | — | |||||||||
Net cash provided by financing activities | 489 | 391 | |||||||||
Net change in cash, cash equivalents, and restricted cash | 21 | (1) | |||||||||
Cash, cash equivalents, and restricted cash at beginning of year | 216 | 155 | |||||||||
Cash, cash equivalents, and restricted cash at end of period | $ | 237 | $ | 154 |