Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME (LOSS)
(Unaudited, in millions, except per share amounts)
Three Months Ended | ||||||||
March 31, | ||||||||
2012 | 2011 | |||||||
| ||||||||
Operating Revenues: | ||||||||
Electric | $ | 1,310 | $ | 1,470 | ||||
Gas | 348 | 434 | ||||||
|
|
|
| |||||
Total operating revenues | 1,658 | 1,904 | ||||||
|
|
|
| |||||
Operating Expenses: | ||||||||
Fuel | 327 | 379 | ||||||
Purchased power | 163 | 227 | ||||||
Gas purchased for resale | 215 | 288 | ||||||
Other operations and maintenance | 427 | 463 | ||||||
Asset impairment | 628 | - | ||||||
Depreciation and amortization | 199 | 195 | ||||||
Taxes other than income taxes | 121 | 125 | ||||||
|
|
|
| |||||
Total operating expenses | 2,080 | 1,677 | ||||||
|
|
|
| |||||
Operating Income (Loss) | (422) | 227 | ||||||
Other Income and Expenses: | ||||||||
Miscellaneous income | 17 | 16 | ||||||
Miscellaneous expense | 15 | 5 | ||||||
|
|
|
| |||||
Total other income | 2 | 11 | ||||||
Interest Charges | 113 | 119 | ||||||
|
|
|
| |||||
Income (Loss) Before Income Taxes (Benefit) | (533) | 119 | ||||||
Income Taxes (Benefit) | (130) | 45 | ||||||
|
|
|
| |||||
Net Income (Loss) | (403) | 74 | ||||||
Less: Net Income Attributable to Noncontrolling Interests | - | 3 | ||||||
|
|
|
| |||||
Net Income (Loss) Attributable to Ameren Corporation | $ | (403) | $ | 71 | ||||
| ||||||||
Earnings (Loss) per Common Share - Basic and Diluted | $ | (1.66) | $ | 0.29 | ||||
Average Common Shares Outstanding | 242.6 | 240.6 | ||||||
|
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
March 31, | December 31, | |||||||
2012 | 2011 | |||||||
| ||||||||
ASSETS | ||||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ | 208 | $ | 255 | ||||
Accounts receivable - trade, net | 446 | 473 | ||||||
Unbilled revenue | 232 | 324 | ||||||
Miscellaneous accounts and notes receivable | 65 | 69 | ||||||
Materials and supplies | 625 | 712 | ||||||
Mark-to-market derivative assets | 167 | 115 | ||||||
Current regulatory assets | 247 | 215 | ||||||
Other current assets | 134 | 132 | ||||||
|
|
|
| |||||
Total current assets | 2,124 | 2,295 | ||||||
|
|
|
| |||||
Property and Plant, Net | 17,535 | 18,127 | ||||||
Investments and Other Assets: | ||||||||
Nuclear decommissioning trust fund | 390 | 357 | ||||||
Goodwill | 411 | 411 | ||||||
Intangible assets | 9 | 7 | ||||||
Regulatory assets | 1,657 | 1,603 | ||||||
Other assets | 773 | 845 | ||||||
|
|
|
| |||||
Total investments and other assets | 3,240 | 3,223 | ||||||
| ||||||||
TOTAL ASSETS | $ | 22,899 | $ | 23,645 | ||||
| ||||||||
LIABILITIES AND EQUITY | ||||||||
Current Liabilities: | ||||||||
Current maturities of long-term debt | $ | 179 | $ | 179 | ||||
Short-term debt | 126 | 148 | ||||||
Accounts and wages payable | 366 | 693 | ||||||
Taxes accrued | 101 | 65 | ||||||
Interest accrued | 149 | 101 | ||||||
Customer deposits | 98 | 98 | ||||||
Mark-to-market derivative liabilities | 220 | 161 | ||||||
Current regulatory liabilities | 138 | 133 | ||||||
Other current liabilities | 237 | 207 | ||||||
|
|
|
| |||||
Total current liabilities | 1,614 | 1,785 | ||||||
|
|
|
| |||||
Long-term Debt, Net | 6,677 | 6,677 | ||||||
Deferred Credits and Other Liabilities: | ||||||||
Accumulated deferred income taxes, net | 3,111 | 3,315 | ||||||
Accumulated deferred investment tax credits | 77 | 79 | ||||||
Regulatory liabilities | 1,483 | 1,502 | ||||||
Asset retirement obligations | 434 | 428�� | ||||||
Pension and other postretirement benefits | 1,357 | 1,344 | ||||||
Other deferred credits and liabilities | 567 | 447 | ||||||
|
|
|
| |||||
Total deferred credits and other liabilities | 7,029 | 7,115 | ||||||
|
|
|
| |||||
Ameren Corporation Stockholders’ Equity: | ||||||||
Common stock | 2 | 2 | ||||||
Other paid-in capital, principally premium on common stock | 5,596 | 5,598 | ||||||
Retained earnings | 1,869 | 2,369 | ||||||
Accumulated other comprehensive loss | (35) | (50) | ||||||
|
|
|
| |||||
Total Ameren Corporation stockholders’ equity | 7,432 | 7,919 | ||||||
Noncontrolling Interests | 147 | 149 | ||||||
|
|
|
| |||||
Total equity | 7,579 | 8,068 | ||||||
| ||||||||
TOTAL LIABILITIES AND EQUITY | $ | 22,899 | $ | 23,645 | ||||
|
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
Three Months Ended | ||||||||
March 31, | ||||||||
2012 | 2011 | |||||||
| ||||||||
Cash Flows From Operating Activities: | ||||||||
Net income (loss) | $ | (403) | $ | 74 | ||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
Loss on asset impairment | 628 | - | ||||||
Net mark-to-market gain on derivatives | (3) | (16) | ||||||
Depreciation and amortization | 188 | 187 | ||||||
Amortization of nuclear fuel | 21 | 17 | ||||||
Amortization of debt issuance costs and premium/discounts | 5 | 5 | ||||||
Deferred income taxes and investment tax credits, net | (142) | (16) | ||||||
Allowance for equity funds used during construction | (9) | (6) | ||||||
Other | (5) | - | ||||||
Changes in assets and liabilities: | ||||||||
Receivables | 109 | 94 | ||||||
Materials and supplies | 80 | 135 | ||||||
Accounts and wages payable | (220) | (213) | ||||||
Taxes accrued | 35 | 71 | ||||||
Assets, other | 14 | 50 | ||||||
Liabilities, other | 64 | 80 | ||||||
Pension and other postretirement benefits | 41 | 28 | ||||||
Counterparty collateral, net | (11) | 70 | ||||||
|
|
|
| |||||
Net cash provided by operating activities | 392 | 560 | ||||||
| ||||||||
Cash Flows From Investing Activities: | ||||||||
Capital expenditures | (282) | (231) | ||||||
Nuclear fuel expenditures | (38) | (22) | ||||||
Purchases of securities - nuclear decommissioning trust fund | (109) | (91) | ||||||
Sales of securities - nuclear decommissioning trust fund | 88 | 87 | ||||||
Proceeds from sale of property | 16 | - | ||||||
Other | (1) | 1 | ||||||
|
|
|
| |||||
Net cash used in investing activities | (326) | (256) | ||||||
| ||||||||
Cash Flows From Financing Activities: | ||||||||
Dividends on common stock | (90) | (93) | ||||||
Dividends paid to noncontrolling interest holders | (2) | (2) | ||||||
Short-term debt and credit facility borrowings, net | (22) | (125) | ||||||
Generator advances received for construction | 1 | - | ||||||
Repayments of generator advances received for construction | - | (73) | ||||||
Issuances of common stock | - | 17 | ||||||
|
|
|
| |||||
Net cash used in financing activities | (113) | (276) | ||||||
| ||||||||
Net change in cash and cash equivalents | (47) | 28 | ||||||
Cash and cash equivalents at beginning of year | 255 | 545 | ||||||
| ||||||||
Cash and cash equivalents at end of period | $ | 208 | $ | 573 | ||||
| ||||||||
Noncash financing activity - dividends on common stock | $ | 7 | $ | - |