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, | |||||||||||
2010 | 2009 | 2010 | 2009 | |||||||||
Operating Revenues: | ||||||||||||
Electric | $ | 1,533 | $ | 1,515 | $ | 2,973 | $ | 2,910 | ||||
Gas | 171 | 169 | 647 | 690 | ||||||||
Total operating revenues | 1,704 | 1,684 | 3,620 | 3,600 | ||||||||
Operating Expenses: | ||||||||||||
Fuel | 286 | 287 | 579 | 561 | ||||||||
Purchased power | 268 | 219 | 539 | 452 | ||||||||
Gas purchased for resale | 83 | 83 | 416 | 466 | ||||||||
Other operations and maintenance | 446 | 451 | 862 | 872 | ||||||||
Depreciation and amortization | 190 | 182 | 377 | 356 | ||||||||
Taxes other than income taxes | 100 | 97 | 218 | 207 | ||||||||
Total operating expenses | 1,373 | 1,319 | 2,991 | 2,914 | ||||||||
Operating Income | 331 | 365 | 629 | 686 | ||||||||
Other Income and Expenses: | ||||||||||||
Miscellaneous income | 24 | 17 | 46 | 33 | ||||||||
Miscellaneous expense | 2 | 7 | 9 | 11 | ||||||||
Total other income | 22 | 10 | 37 | 22 | ||||||||
Interest Charges | 115 | 124 | 247 | 242 | ||||||||
Income Before Income Taxes | 238 | 251 | 419 | 466 | ||||||||
Income Taxes | 83 | 83 | 158 | 153 | ||||||||
Net Income | 155 | 168 | 261 | 313 | ||||||||
Less: Net Income Attributable to Noncontrolling Interests | 3 | 3 | 7 | 7 | ||||||||
Net Income Attributable to Ameren Corporation | $ | 152 | $ | 165 | $ | 254 | $ | 306 | ||||
Earnings per Common Share - Basic and Diluted | $ | 0.64 | $ | 0.77 | $ | 1.07 | $ | 1.43 | ||||
Average Common Shares Outstanding | 238.4 | 213.6 | 238.0 | 213.1 |
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
June 30, 2010 | December 31, 2009 | |||||||
ASSETS | ||||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ | 506 | $ | 622 | ||||
Accounts receivable - trade, net | 466 | 424 | ||||||
Unbilled revenue | 414 | 367 | ||||||
Miscellaneous accounts and notes receivable | 208 | 318 | ||||||
Materials and supplies | 676 | 782 | ||||||
Mark-to-market derivative assets | 166 | 121 | ||||||
Current regulatory assets | 274 | 110 | ||||||
Other current assets | 120 | 98 | ||||||
Total current assets | 2,830 | 2,842 | ||||||
Property and Plant, Net | 17,747 | 17,610 | ||||||
Investments and Other Assets: | ||||||||
Nuclear decommissioning trust fund | 289 | 293 | ||||||
Goodwill | 831 | 831 | ||||||
Intangible assets | 113 | 129 | ||||||
Regulatory assets | 1,441 | 1,430 | ||||||
Other assets | 664 | 655 | ||||||
Total investments and other assets | 3,338 | 3,338 | ||||||
TOTAL ASSETS | $ | 23,915 | $ | 23,790 | ||||
LIABILITIES AND EQUITY | ||||||||
Current Liabilities: | ||||||||
Current maturities of long-term debt | $ | 354 | $ | 204 | ||||
Short-term debt | - | 20 | ||||||
Accounts and wages payable | 465 | 694 | ||||||
Taxes accrued | 129 | 54 | ||||||
Interest accrued | 123 | 110 | ||||||
Customer deposits | 98 | 101 | ||||||
Mark-to-market derivative liabilities | 196 | 109 | ||||||
Current regulatory liabilities | 97 | 82 | ||||||
Other current liabilities | 298 | 337 | ||||||
Total current liabilities | 1,760 | 1,711 | ||||||
Credit Facility Borrowings | 690 | 830 | ||||||
Long-term Debt, Net | 6,963 | 7,113 | ||||||
Deferred Credits and Other Liabilities: | ||||||||
Accumulated deferred income taxes, net | 2,725 | 2,554 | ||||||
Accumulated deferred investment tax credits | 90 | 94 | ||||||
Regulatory liabilities | 1,370 | 1,345 | ||||||
Asset retirement obligations | 441 | 429 | ||||||
Pension and other postretirement benefits | 1,132 | 1,165 | ||||||
Other deferred credits and liabilities | 544 | 489 | ||||||
Total deferred credits and other liabilities | 6,302 | 6,076 | ||||||
Ameren Corporation Stockholders’ Equity: | ||||||||
Common stock | 2 | 2 | ||||||
Other paid-in capital, principally premium on common stock | 5,476 | 5,412 | ||||||
Retained earnings | 2,526 | 2,455 | ||||||
Accumulated other comprehensive loss | (13 | ) | (16 | ) | ||||
Total Ameren Corporation stockholders’ equity | 7,991 | 7,853 | ||||||
Noncontrolling Interests | 209 | 207 | ||||||
Total equity | 8,200 | 8,060 | ||||||
TOTAL LIABILITIES AND EQUITY | $ | 23,915 | $ | 23,790 |
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
Six Months Ended June 30, | ||||||
2010 | 2009 | |||||
Cash Flows From Operating Activities: | ||||||
Net income | $ | 261 | $ | 313 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Net mark-to-market gain on derivatives | - | (56) | ||||
Depreciation and amortization | 387 | 364 | ||||
Amortization of nuclear fuel | 19 | 25 | ||||
Amortization of debt issuance costs and premium/discounts | 12 | 7 | ||||
Deferred income taxes and investment tax credits, net | 175 | 77 | ||||
Other | (28) | 11 | ||||
Changes in assets and liabilities: | ||||||
Receivables | (36) | 116 | ||||
Materials and supplies | 108 | 109 | ||||
Accounts and wages payable | (125) | (204) | ||||
Taxes accrued | 75 | 77 | ||||
Assets, other | (99) | 21 | ||||
Liabilities, other | 3 | 57 | ||||
Pension and other postretirement benefits | 33 | 23 | ||||
Counterparty collateral, net | (69) | (21) | ||||
Taum Sauk costs, net of insurance recoveries | 56 | (48) | ||||
Net cash provided by operating activities | 772 | 871 | ||||
Cash Flows From Investing Activities: | ||||||
Capital expenditures | (540) | (846) | ||||
Nuclear fuel expenditures | (29) | (35) | ||||
Purchases of securities - nuclear decommissioning trust fund | (118) | (288) | ||||
Sales of securities - nuclear decommissioning trust fund | 110 | 291 | ||||
Purchases of emission allowances | - | (4) | ||||
Proceeds from sale of property interests | 18 | - | ||||
Other | (1) | - | ||||
Net cash used in investing activities | (560) | (882) | ||||
Cash Flows From Financing Activities: | ||||||
Dividends on common stock | (183) | (164) | ||||
Capital issuance costs | - | (47) | ||||
Dividends paid to noncontrolling interest holders | (5) | (16) | ||||
Short-term and credit facility borrowings, net | (160) | (209) | ||||
Redemptions, repurchases, and maturities of long-term debt | - | (250) | ||||
Issuances: | ||||||
Common stock | 43 | 47 | ||||
Long-term debt | - | 772 | ||||
Generator advances for construction received (refunded), net | (23) | 37 | ||||
Net cash provided by (used in) financing activities | (328) | 170 | ||||
Net change in cash and cash equivalents | (116) | 159 | ||||
Cash and cash equivalents at beginning of year | 622 | 92 | ||||
Cash and cash equivalents at end of period | $ | 506 | $ | 251 |