Ameren (AEE) 8-K Ameren Announces Second Quarter 2022 Results

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,
	2022		2021		2022		2021
Operating Revenues:
Electric	$	1,513	$	1,284	$	2,831	$	2,440
Natural gas	213		188		774		598
Total operating revenues	1,726		1,472		3,605		3,038
Operating Expenses:
Fuel	83		173		259		238
Purchased power	318		129		495		320
Natural gas purchased for resale	80		65		373		230
Other operations and maintenance	491		412		952		832
Depreciation and amortization	316		285		615		566
Taxes other than income taxes	129		122		271		250
Total operating expenses	1,417		1,186		2,965		2,436
Operating Income	309		286		640		602
Other Income, Net	62		49		122		95
Interest Charges	126		96		230		196
Income Before Income Taxes	245		239		532		501
Income Taxes	36		31		70		58
Net Income	209		208		462		443
Less: Net Income Attributable to Noncontrolling Interests	2		1		3		3
Net Income Attributable to Ameren Common Shareholders	$	207	$	207	$	459	$	440
Earnings per Common Share – Basic	$	0.80	$	0.81	$	1.78	$	1.72
Earnings per Common Share – Diluted	$	0.80	$	0.80	$	1.77	$	1.71
Weighted-average Common Shares Outstanding – Basic	258.2		256.1		258.0		255.2
Weighted-average Common Shares Outstanding – Diluted	259.4		257.2		259.2		256.5

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	June 30, 2022		December 31, 2021
ASSETS
Current Assets:
Cash and cash equivalents	$	7	$	8
Accounts receivable - trade (less allowance for doubtful accounts)	519		434
Unbilled revenue	400		301
Miscellaneous accounts receivable	81		85
Inventories	600		592
Mark-to-market derivative assets	157		66
Current regulatory assets	333		319
Current collateral assets	222		66
Other current assets	77		97
Total current assets	2,396		1,968
Property, Plant, and Equipment, Net	30,086		29,261
Investments and Other Assets:
Nuclear decommissioning trust fund	957		1,159
Goodwill	411		411
Regulatory assets	1,487		1,289
Pension and other postretirement benefits	808		756
Other assets	963		891
Total investments and other assets	4,626		4,506
TOTAL ASSETS	$	37,108	$	35,735
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	605	$	505
Short-term debt	1,021		545
Accounts and wages payable	897		1,095
Current regulatory liabilities	241		113
Other current liabilities	824		568
Total current liabilities	3,588		2,826
Long-term Debt, Net	12,985		12,562
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net	3,614		3,499
Regulatory liabilities	5,727		5,848
Asset retirement obligations	774		757
Other deferred credits and liabilities	411		414
Total deferred credits and other liabilities	10,526		10,518
Shareholders’ Equity:
Common stock	3		3
Other paid-in capital, principally premium on common stock	6,527		6,502
Retained earnings	3,336		3,182
Accumulated other comprehensive income	14		13
Total shareholders’ equity	9,880		9,700
Noncontrolling Interests	129		129
Total equity	10,009		9,829
TOTAL LIABILITIES AND EQUITY	$	37,108	$	35,735

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Six Months Ended June 30,
	2022		2021
Cash Flows From Operating Activities:
Net income	$	462	$	443
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	665		596
Amortization of nuclear fuel	28		20
Amortization of debt issuance costs and premium/discounts	12		11
Deferred income taxes and investment tax credits, net	66		59
Allowance for equity funds used during construction	(19)		(16)
Stock-based compensation costs	12		11
Other	33		2
Changes in assets and liabilities	(387)		(690)
Net cash provided by operating activities	872		436
Cash Flows From Investing Activities:
Capital expenditures	(1,538)		(1,763)
Nuclear fuel expenditures	(22)		(4)
Purchases of securities – nuclear decommissioning trust fund	(122)		(203)
Sales and maturities of securities – nuclear decommissioning trust fund	114		208
Other	16		2
Net cash used in investing activities	(1,552)		(1,760)
Cash Flows From Financing Activities:
Dividends on common stock	(305)		(282)
Dividends paid to noncontrolling interest holders	(3)		(3)
Short-term debt, net	475		(59)
Issuances of long-term debt	524		1,423
Issuances of common stock	17		258
Redemptions of Ameren Illinois preferred stock	—		(13)
Employee payroll taxes related to stock-based compensation	(16)		(17)
Debt issuance costs	(6)		(13)
Other	—		(4)
Net cash provided by financing activities	686		1,290
Net change in cash, cash equivalents, and restricted cash	6		(34)
Cash, cash equivalents, and restricted cash at beginning of year	155		301
Cash, cash equivalents, and restricted cash at end of period	$	161	$	267