Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
Three Months Ended December 31, | Year Ended December 31, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
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Operating Revenues: | ||||||||||||||||
Electric | $ | 1,009 | $ | 959 | $ | 4,832 | $ | 4,857 | ||||||||
Gas | 313 | 299 | 1,006 | 924 | ||||||||||||
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Total operating revenues | 1,322 | 1,258 | 5,838 | 5,781 | ||||||||||||
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Operating Expenses: | ||||||||||||||||
Fuel | 197 | 164 | 845 | 714 | ||||||||||||
Purchased power | 102 | 150 | 502 | 780 | ||||||||||||
Gas purchased for resale | 182 | 168 | 526 | 472 | ||||||||||||
Other operations and maintenance | 388 | 387 | 1,617 | 1,511 | ||||||||||||
Depreciation and amortization | 178 | 171 | 706 | 673 | ||||||||||||
Taxes other than income taxes | 104 | 106 | 458 | 443 | ||||||||||||
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Total operating expenses | 1,151 | 1,146 | 4,654 | 4,593 | ||||||||||||
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Operating Income | 171 | 112 | 1,184 | 1,188 | ||||||||||||
Other Income and Expenses: | ||||||||||||||||
Miscellaneous income | 18 | 17 | 69 | 70 | ||||||||||||
Miscellaneous expense | 8 | 9 | 26 | 37 | ||||||||||||
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Total other income | 10 | 8 | 43 | 33 | ||||||||||||
Interest Charges | 109 | 97 | 398 | 392 | ||||||||||||
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Income Before Income Taxes | 72 | 23 | 829 | 829 | ||||||||||||
Income Taxes | 23 | 10 | 311 | 307 | ||||||||||||
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Income from Continuing Operations | 49 | 13 | 518 | 522 | ||||||||||||
Loss from Discontinued Operations, Net of Taxes | (11) | (1,168) | (223) | (1,496) | ||||||||||||
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Net Income (Loss) | 38 | (1,155) | 295 | (974) | ||||||||||||
Less: Net Income (Loss) Attributable to Noncontrolling Interests: | ||||||||||||||||
Continuing Operations | 1 | 1 | 6 | 6 | ||||||||||||
Discontinued Operations | - | - | - | (6) | ||||||||||||
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Net Income (Loss) Attributable to Ameren Corporation: | ||||||||||||||||
Continuing Operations | 48 | 12 | 512 | 516 | ||||||||||||
Discontinued Operations | (11) | (1,168) | (223) | (1,490) | ||||||||||||
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Net Income (Loss) Attributable to Ameren Corporation | $ | 37 | $ | (1,156) | $ | 289 | $ | (974) | ||||||||
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Earnings (Loss) per Common Share – Basic: | ||||||||||||||||
Continuing Operations | $ | 0.19 | $ | 0.05 | $ | 2.11 | $ | 2.13 | ||||||||
Discontinued Operations | (0.04) | (4.81) | (0.92) | (6.14) | ||||||||||||
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Earnings (Loss) per Common Share – Basic | $ | 0.15 | $ | (4.76) | $ | 1.19 | $ | (4.01) | ||||||||
Earnings (Loss) per Common Share – Diluted: | ||||||||||||||||
Continuing Operations | $ | 0.19 | $ | 0.05 | $ | 2.10 | $ | 2.13 | ||||||||
Discontinued Operations | (0.04) | (4.81) | (0.92) | (6.14) | ||||||||||||
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Earnings (Loss) per Common Share – Diluted | $ | 0.15 | $ | (4.76) | $ | 1.18 | $ | (4.01) | ||||||||
Average Common Shares Outstanding – Basic | 242.6 | 242.6 | 242.6 | 242.6 | ||||||||||||
Average Common Shares Outstanding – Diluted | 245.1 | 243.0 | 244.5 | 243.0 | ||||||||||||
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AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
December 31, 2013 | December 31, 2012 | |||||||
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ASSETS | ||||||||
Current Assets: | ||||||||
Cash and cash equivalents | $ | 30 | $ | 184 | ||||
Accounts receivable - trade (less allowance for doubtful accounts) | 404 | 354 | ||||||
Unbilled revenue | 304 | 291 | ||||||
Miscellaneous accounts and notes receivable | 196 | 71 | ||||||
Materials and supplies | 526 | 570 | ||||||
Current regulatory assets | 156 | 247 | ||||||
Current accumulated deferred income taxes, net | 106 | 170 | ||||||
Other current assets | 85 | 98 | ||||||
Assets of discontinued operations | 165 | 1,611 | ||||||
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Total current assets | 1,972 | 3,596 | ||||||
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Property and Plant, Net | 16,205 | 15,348 | ||||||
Investments and Other Assets: | ||||||||
Nuclear decommissioning trust fund | 494 | 408 | ||||||
Goodwill | 411 | 411 | ||||||
Intangible assets | 22 | 14 | ||||||
Regulatory assets | 1,240 | 1,786 | ||||||
Other assets | 698 | 667 | ||||||
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Total investments and other assets | 2,865 | 3,286 | ||||||
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TOTAL ASSETS | $ | 21,042 | $ | 22,230 | ||||
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LIABILITIES AND EQUITY | ||||||||
Current Liabilities: | ||||||||
Current maturities of long-term debt | $ | 534 | $ | 355 | ||||
Short-term debt | 368 | - | ||||||
Accounts and wages payable | 806 | 533 | ||||||
Taxes accrued | 55 | 49 | ||||||
Interest accrued | 86 | 89 | ||||||
Customer deposits | 105 | 107 | ||||||
Mark-to-market derivative liabilities | 52 | 92 | ||||||
Current regulatory liabilities | 216 | 100 | ||||||
Other current liabilities | 194 | 168 | ||||||
Liabilities of discontinued operations | 45 | 1,193 | ||||||
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Total current liabilities | 2,461 | 2,686 | ||||||
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Long-term Debt, Net | 5,504 | 5,802 | ||||||
Deferred Credits and Other Liabilities: | ||||||||
Accumulated deferred income taxes, net | 3,166 | 3,186 | ||||||
Accumulated deferred investment tax credits | 63 | 70 | ||||||
Regulatory liabilities | 1,705 | 1,589 | ||||||
Asset retirement obligations | 369 | 349 | ||||||
Pension and other postretirement benefits | 466 | 1,138 | ||||||
Other deferred credits and liabilities | 622 | 643 | ||||||
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Total deferred credits and other liabilities | 6,391 | 6,975 | ||||||
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Ameren Corporation Stockholders’ Equity: | ||||||||
Common stock | 2 | 2 | ||||||
Other paid-in capital, principally premium on common stock | 5,632 | 5,616 | ||||||
Retained earnings | 907 | 1,006 | ||||||
Accumulated other comprehensive income (loss) | 3 | (8) | ||||||
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Total Ameren Corporation stockholders’ equity | 6,544 | 6,616 | ||||||
Noncontrolling Interests | 142 | 151 | ||||||
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Total equity | 6,686 | 6,767 | ||||||
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TOTAL LIABILITIES AND EQUITY | $ | 21,042 | $ | 22,230 | ||||
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AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
Year Ended December 31, | ||||||||
2013 | 2012 | |||||||
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Cash Flows From Operating Activities: | ||||||||
Net income (loss) | $ | 295 | $ | (974) | ||||
Loss from discontinued operations, net of taxes | 223 | 1,496 | ||||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
Depreciation and amortization | 666 | 633 | ||||||
Amortization of nuclear fuel | 71 | 83 | ||||||
Amortization of debt issuance costs and premium/discounts | 24 | 20 | ||||||
Deferred income taxes and investment tax credits, net | 410 | 257 | ||||||
Allowance for equity funds used during construction | (37) | (36) | ||||||
Stock-based compensation costs | 27 | 29 | ||||||
Other | 23 | (7) | ||||||
Changes in assets and liabilities | (66) | (97) | ||||||
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Net cash provided by operating activities - continuing operations | 1,636 | 1,404 | ||||||
Net cash provided by operating activities - discontinued operations | 57 | 286 | ||||||
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Net cash provided by operating activities | 1,693 | 1,690 | ||||||
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Cash Flows From Investing Activities: | ||||||||
Capital expenditures | (1,379) | (1,063) | ||||||
Nuclear fuel expenditures | (45) | (91) | ||||||
Purchases of securities - nuclear decommissioning trust fund | (214) | (403) | ||||||
Sales and maturities of securities - nuclear decommissioning trust fund | 196 | 384 | ||||||
Tax grants received related to renewable energy properties | - | 18 | ||||||
Other | 2 | 2 | ||||||
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Net cash used in investing activities - continuing operations | (1,440) | (1,153) | ||||||
Net cash used in investing activities - discontinued operations | (283) | (157) | ||||||
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Net cash used in investing activities | (1,723) | (1,310) | ||||||
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Cash Flows From Financing Activities: | ||||||||
Dividends on common stock | (388) | (382) | ||||||
Dividends paid to noncontrolling interest holders | (6) | (6) | ||||||
Short-term debt, net | 368 | (148) | ||||||
Redemptions, repurchases, and maturities of long-term debt | (399) | (760) | ||||||
Issuances of long-term debt | 278 | 882 | ||||||
Capital issuance costs | (2) | (16) | ||||||
Other | - | 4 | ||||||
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Net cash used in financing activities - continuing operations | (149) | (426) | ||||||
Net cash provided by financing activities - discontinued operations | - | - | ||||||
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Net cash used in financing activities | (149) | (426) | ||||||
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Net change in cash and cash equivalents | (179) | (46) | ||||||
Cash and cash equivalents at beginning of year | 209 | 255 | ||||||
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Cash and cash equivalents at end of year | 30 | 209 | ||||||
Less: cash and cash equivalents at end of year - discontinued operations | - | 25 | ||||||
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Cash and cash equivalents at end of year - continuing operations | $ | 30 | $ | 184 | ||||
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Noncash financing activity - dividends on common stock | $ | - | $ | (7) |