Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME (LOSS)
(Unaudited, in millions, except per share amounts)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
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Operating Revenues: | ||||||||||||||||
Electric | $ | 1,228 | $ | 1,255 | $ | 2,316 | $ | 2,319 | ||||||||
Gas | 175 | 147 | 562 | 495 | ||||||||||||
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Total operating revenues | 1,403 | 1,402 | 2,878 | 2,814 | ||||||||||||
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Operating Expenses: | ||||||||||||||||
Fuel | 213 | 175 | 426 | 356 | ||||||||||||
Purchased power | 121 | 161 | 272 | 370 | ||||||||||||
Gas purchased for resale | 72 | 49 | 302 | 264 | ||||||||||||
Other operations and maintenance | 447 | 395 | 846 | 764 | ||||||||||||
Depreciation and amortization | 178 | 168 | 353 | 335 | ||||||||||||
Taxes other than income taxes | 111 | 110 | 233 | 223 | ||||||||||||
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Total operating expenses | 1,142 | 1,058 | 2,432 | 2,312 | ||||||||||||
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Operating Income | 261 | 344 | 446 | 502 | ||||||||||||
Other Income and Expenses: | ||||||||||||||||
Miscellaneous income | 16 | 19 | 31 | 36 | ||||||||||||
Miscellaneous expense | 5 | 7 | 13 | 22 | ||||||||||||
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Total other income | 11 | 12 | 18 | 14 | ||||||||||||
Interest Charges | 100 | 98 | 201 | 196 | ||||||||||||
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Income Before Income Taxes | 172 | 258 | 263 | 320 | ||||||||||||
Income Taxes | 66 | 96 | 101 | 119 | ||||||||||||
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Income from Continuing Operations | 106 | 162 | 162 | 201 | ||||||||||||
Income (Loss) from Discontinued Operations, Net of Tax | (10) | 48 | (209) | (394) | ||||||||||||
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Net Income (Loss) | 96 | 210 | (47) | (193) | ||||||||||||
Less: Net Income (Loss) Attributable to Noncontrolling Interests: | ||||||||||||||||
Continuing Operations | 1 | 1 | 3 | 3 | ||||||||||||
Discontinued Operations | - | (2) | - | (4) | ||||||||||||
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Net Income (Loss) Attributable to Ameren Corporation: | ||||||||||||||||
Continuing Operations | 105 | 161 | 159 | 198 | ||||||||||||
Discontinued Operations | (10) | 50 | (209) | (390) | ||||||||||||
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Net Income (Loss) Attributable to Ameren Corporation | $ | 95 | $ | 211 | $ | (50) | $ | (192) | ||||||||
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Earnings (Loss) per Common Share - Basic and Diluted | ||||||||||||||||
Continuing Operations | $ | 0.44 | $ | 0.66 | $ | 0.66 | $ | 0.81 | ||||||||
Discontinued Operations | (0.05) | 0.21 | (0.87) | (1.60) | ||||||||||||
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Net Income (Loss) per Common Share - Basic and Diluted | $ | 0.39 | $ | 0.87 | $ | (0.21) | $ | (0.79) | ||||||||
Average Common Shares Outstanding | 242.6 | 242.6 | 242.6 | 242.6 | ||||||||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
June 30, 2013 | December 31, 2012 | |||||||
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ASSETS | ||||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ | 150 | $ | 184 | ||||
Accounts receivable - trade, net | 425 | 354 | ||||||
Unbilled revenue | 308 | 291 | ||||||
Miscellaneous accounts and notes receivable | 75 | 71 | ||||||
Materials and supplies | 511 | 570 | ||||||
Current regulatory assets | 192 | 247 | ||||||
Current accumulated deferred income taxes, net | 157 | 160 | ||||||
Other current assets | 104 | 98 | ||||||
Current assets of discontinued operations | 1,486 | 1,600 | ||||||
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Total current assets | 3,408 | 3,575 | ||||||
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Property and Plant, Net | 15,601 | 15,348 | ||||||
Investments and Other Assets: | ||||||||
Nuclear decommissioning trust fund | 442 | 408 | ||||||
Goodwill | 411 | 411 | ||||||
Intangible assets | 18 | 14 | ||||||
Regulatory assets | 1,742 | 1,786 | ||||||
Other assets | 654 | 667 | ||||||
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Total investments and other assets | 3,267 | 3,286 | ||||||
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TOTAL ASSETS | $ | 22,276 | $ | 22,209 | ||||
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LIABILITIES AND EQUITY | ||||||||
Current Liabilities: | ||||||||
Current maturities of long-term debt | $ | 884 | $ | 355 | ||||
Short-term debt | 25 | - | ||||||
Accounts and wages payable | 428 | 533 | ||||||
Taxes accrued | 123 | 50 | ||||||
Interest accrued | 100 | 89 | ||||||
Customer deposits | 110 | 107 | ||||||
Mark-to-market derivative liabilities | 75 | 92 | ||||||
Current regulatory liabilities | 180 | 100 | ||||||
Other current liabilities | 178 | 168 | ||||||
Current liabilities of discontinued operations | 1,183 | 1,166 | ||||||
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Total current liabilities | 3,286 | 2,660 | ||||||
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Long-term Debt, Net | 5,274 | 5,802 | ||||||
Deferred Credits and Other Liabilities: | ||||||||
Accumulated deferred income taxes, net | 3,348 | 3,166 | ||||||
Accumulated deferred investment tax credits | 67 | 70 | ||||||
Regulatory liabilities | 1,666 | 1,589 | ||||||
Asset retirement obligations | 385 | 375 | ||||||
Pension and other postretirement benefits | 1,140 | 1,138 | ||||||
Other deferred credits and liabilities | 585 | 642 | ||||||
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Total deferred credits and other liabilities | 7,191 | 6,980 | ||||||
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Ameren Corporation Stockholders’ Equity: | ||||||||
Common stock | 2 | 2 | ||||||
Other paid-in capital, principally premium on common stock | 5,619 | 5,616 | ||||||
Retained earnings | 762 | 1,006 | ||||||
Accumulated other comprehensive loss | (9) | (8) | ||||||
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Total Ameren Corporation stockholders’ equity | 6,374 | 6,616 | ||||||
Noncontrolling Interests | 151 | 151 | ||||||
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Total equity | 6,525 | 6,767 | ||||||
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TOTAL LIABILITIES AND EQUITY | $ | 22,276 | $ | 22,209 | ||||
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AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
Six Months Ended June 30, | ||||||||
2013 | 2012 | |||||||
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Cash Flows From Operating Activities: | ||||||||
Net loss | $ | (47 | ) | $ | (193 | ) | ||
Loss from discontinued operations, net of tax | 209 | 394 | ||||||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
Depreciation and amortization | 334 | 314 | ||||||
Amortization of nuclear fuel | 29 | 41 | ||||||
Amortization of debt issuance costs and premium/discounts | 12 | 8 | ||||||
Deferred income taxes and investment tax credits, net | 70 | 110 | ||||||
Allowance for equity funds used during construction | (16 | ) | (17 | ) | ||||
Stock-based compensation costs | 14 | 12 | ||||||
Other | 18 | (6 | ) | |||||
Changes in assets and liabilities | 106 | 1 | ||||||
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Net cash provided by operating activities - continuing operations | 729 | 664 | ||||||
Net cash provided by operating activities - discontinued operations | 39 | 97 | ||||||
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Net cash provided by operating activities | 768 | 761 | ||||||
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Cash Flows From Investing Activities: | ||||||||
Capital expenditures | (575 | ) | (485 | ) | ||||
Nuclear fuel expenditures | (25 | ) | (52 | ) | ||||
Purchases of securities - nuclear decommissioning trust fund | (97 | ) | (206 | ) | ||||
Sales and maturities of securities - nuclear decommissioning trust fund | 89 | 195 | ||||||
Other | 2 | (1 | ) | |||||
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Net cash used in investing activities - continuing operations | (606 | ) | (549 | ) | ||||
Net cash used in investing activities - discontinued operations | (31 | ) | (64 | ) | ||||
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Net cash used in investing activities | (637 | ) | (613 | ) | ||||
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Cash Flows From Financing Activities: | ||||||||
Dividends on common stock | (194 | ) | (187 | ) | ||||
Dividends paid to noncontrolling interest holders | (3 | ) | (3 | ) | ||||
Short-term debt, net | 25 | (118 | ) | |||||
Advances received for construction | 7 | 3 | ||||||
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Net cash used in financing activities - continuing operations | (165 | ) | (305 | ) | ||||
Net cash used in financing activities - discontinued operations | - | - | ||||||
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Net cash used in financing activities | (165 | ) | (305 | ) | ||||
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Net change in cash and cash equivalents | (34 | ) | (157 | ) | ||||
Cash and cash equivalents at beginning of year | 184 | 248 | ||||||
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Cash and cash equivalents at end of period | $ | 150 | $ | 91 | ||||
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Noncash financing activity - dividends on common stock | $ | - | $ | (7 | ) |