Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
| Three Months Ended March 31, | ||||||||
| 2011 | 2010 | |||||||
Operating Revenues: | ||||||||
Electric | $ | 1,470 | $ | 1,455 | ||||
Gas | 434 | 485 | ||||||
Total operating revenues | 1,904 | 1,940 | ||||||
Operating Expenses: | ||||||||
Fuel | 379 | 293 | ||||||
Purchased power | 227 | 271 | ||||||
Gas purchased for resale | 288 | 333 | ||||||
Other operations and maintenance | 463 | 437 | ||||||
Depreciation and amortization | 195 | 187 | ||||||
Taxes other than income taxes | 125 | 121 | ||||||
Total operating expenses | 1,677 | 1,642 | ||||||
Operating Income | 227 | 298 | ||||||
Other Income and Expenses: | ||||||||
Miscellaneous income | 16 | 22 | ||||||
Miscellaneous expense | 5 | 7 | ||||||
Total other income | 11 | 15 | ||||||
Interest Charges | 119 | 132 | ||||||
Income Before Income Taxes | 119 | 181 | ||||||
Income Taxes | 45 | 75 | ||||||
Net Income | 74 | 106 | ||||||
Less: Net Income Attributable to Noncontrolling Interests | 3 | 4 | ||||||
Net Income Attributable to Ameren Corporation | $ | 71 | $ | 102 | ||||
Earnings per Common Share - Basic and Diluted | $ | 0.29 | $ | 0.43 | ||||
Average Common Shares Outstanding | 240.6 | 237.6 | ||||||
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
| March 31, 2011 | December 31, 2010 | |||||||
| ASSETS | ||||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ | 573 | $ | 545 | ||||
Accounts receivable - trade, net | 517 | 500 | ||||||
Unbilled revenue | 310 | 406 | ||||||
Miscellaneous accounts and notes receivable | 291 | 231 | ||||||
Materials and supplies | 572 | 707 | ||||||
Mark-to-market derivative assets | 137 | 129 | ||||||
Current regulatory assets | 215 | 267 | ||||||
Other current assets | 100 | 109 | ||||||
Total current assets | 2,715 | 2,894 | ||||||
Property and Plant, Net | 17,888 | 17,853 | ||||||
Investments and Other Assets: | ||||||||
Nuclear decommissioning trust fund | 353 | 337 | ||||||
Goodwill | 411 | 411 | ||||||
Intangible assets | 7 | 7 | ||||||
Regulatory assets | 1,217 | 1,263 | ||||||
Other assets | 738 | 750 | ||||||
Total investments and other assets | 2,726 | 2,768 | ||||||
TOTAL ASSETS | $ | 23,329 | $ | 23,515 | ||||
| LIABILITIES AND EQUITY | ||||||||
Current Liabilities: | ||||||||
Current maturities of long-term debt | $ | 155 | $ | 155 | ||||
Short-term debt | 334 | 269 | ||||||
Accounts and wages payable | 401 | 651 | ||||||
Taxes accrued | 134 | 63 | ||||||
Interest accrued | 153 | 107 | ||||||
Customer deposits | 100 | 100 | ||||||
Mark-to-market derivative liabilities | 126 | 161 | ||||||
Current regulatory liabilities | 140 | 99 | ||||||
Other current liabilities | 294 | 283 | ||||||
Total current liabilities | 1,837 | 1,888 | ||||||
Credit Facility Borrowings | 270 | 460 | ||||||
Long-term Debt, Net | 6,853 | 6,853 | ||||||
Deferred Credits and Other Liabilities: | ||||||||
Accumulated deferred income taxes, net | 2,938 | 2,886 | ||||||
Accumulated deferred investment tax credits | 88 | 90 | ||||||
Regulatory liabilities | 1,371 | 1,319 | ||||||
Asset retirement obligations | 482 | 475 | ||||||
Pension and other postretirement benefits | 1,057 | 1,045 | ||||||
Other deferred credits and liabilities | 553 | 615 | ||||||
Total deferred credits and other liabilities | 6,489 | 6,430 | ||||||
Ameren Corporation Stockholders’ Equity: | ||||||||
Common stock | 2 | 2 | ||||||
Other paid-in capital, principally premium on common stock | 5,540 | 5,520 | ||||||
Retained earnings | 2,203 | 2,225 | ||||||
Accumulated other comprehensive loss | (20) | (17) | ||||||
Total Ameren Corporation stockholders’ equity | 7,725 | 7,730 | ||||||
Noncontrolling Interests | 155 | 154 | ||||||
Total equity | 7,880 | 7,884 | ||||||
TOTAL LIABILITIES AND EQUITY | $ | 23,329 | $ | 23,515 | ||||
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
| Three Months Ended March 31, | ||||||||
| 2011 | 2010 | |||||||
Cash Flows From Operating Activities: | ||||||||
Net income | $ | 74 | $ | 106 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Net mark-to-market gain on derivatives | (16) | (31) | ||||||
Depreciation and amortization | 196 | 190 | ||||||
Amortization of nuclear fuel | 17 | 13 | ||||||
Amortization of debt issuance costs and premium/discounts | 5 | 9 | ||||||
Deferred income taxes and investment tax credits, net | 62 | 70 | ||||||
Other | (3) | (8) | ||||||
Changes in assets and liabilities: | ||||||||
Receivables | 17 | 40 | ||||||
Materials and supplies | 135 | 148 | ||||||
Accounts and wages payable | (221) | (181) | ||||||
Taxes accrued | 71 | 40 | ||||||
Assets, other | 39 | (32) | ||||||
Liabilities, other | 80 | 9 | ||||||
Pension and other postretirement benefits | 28 | 30 | ||||||
Counterparty collateral, net | 70 | (23) | ||||||
Net cash provided by operating activities | 554 | 380 | ||||||
Cash Flows From Investing Activities: | ||||||||
Capital expenditures | (227) | (289) | ||||||
Nuclear fuel expenditures | (18) | (23) | ||||||
Purchases of securities - nuclear decommissioning trust fund | (91) | (60) | ||||||
Sales of securities - nuclear decommissioning trust fund | 87 | 56 | ||||||
Other | (1) | (1) | ||||||
Net cash used in investing activities | (250) | (317) | ||||||
Cash Flows From Financing Activities: | ||||||||
Dividends on common stock | (93) | (91) | ||||||
Dividends paid to noncontrolling interest holders | (2) | (2) | ||||||
Short-term and credit facility borrowings, net | (125) | (220) | ||||||
Issuances of common stock | 17 | 20 | ||||||
Generator advances for construction refunded, net of receipts | (73) | (32) | ||||||
Net cash used in financing activities | (276) | (325) | ||||||
Net change in cash and cash equivalents | 28 | (262) | ||||||
Cash and cash equivalents at beginning of year | 545 | 622 | ||||||
Cash and cash equivalents at end of period | $ | 573 | $ | 360 | ||||
