EX-99.2 3 ex99_2.htm EXHIBIT 99.2 AMEREN'S CONSOLIDATE STATEMENT OF INCOME, CASH FLOW AND BALANCE SHEET ex99_2.htm
Exhibit 99.2
 
AMEREN CORPORATION (AEE)           
CONSOLIDATED STATEMENT OF INCOME           
(Unaudited, in millions, except per share amounts)           
                       
                       
                       
 
Three Months Ended
   
Six Months Ended
 
 
June 30,   
   
June 30,   
 
 
2007
   
2006
   
2007
   
2006
 
                       
Operating Revenues:
                     
Electric
$
1,514
    $
1,378
    $
2,972
    $
2,589
 
Gas
 
209
     
172
     
770
     
761
 
Total operating revenues
 
1,723
     
1,550
     
3,742
     
3,350
 
                               
Operating Expenses:
                             
Fuel
 
263
     
247
     
526
     
499
 
Purchased power
 
314
     
277
     
687
     
550
 
Gas purchased for resale
 
133
     
104
     
554
     
557
 
Other operations and maintenance
 
426
     
394
     
822
     
746
 
Depreciation and amortization
 
169
     
162
     
345
     
323
 
Taxes other than income taxes
 
96
     
90
     
198
     
203
 
Total operating expenses
 
1,401
     
1,274
     
3,132
     
2,878
 
Operating Income
 
322
     
276
     
610
     
472
 
                               
Other Income and Expenses:
                             
Miscellaneous income
 
20
     
11
     
34
     
16
 
Miscellaneous expense
  (4 )     (1 )     (4 )     (1 )
Total other income
 
16
     
10
     
30
     
15
 
                               
Interest Charges
 
108
     
87
     
206
     
164
 
                               
Income Before Income Taxes, Minority Interest and Preferred Dividends of
                             
   Subsidiaries
 
230
     
199
     
434
     
323
 
                               
Income Taxes
 
78
     
68
     
149
     
112
 
                               
Income Before Minority Interest and Preferred Dividends of Subsidiaries
 
152
     
131
     
285
     
211
 
                               
Minority Interest and Preferred Dividends of Subsidiaries
 
9
     
8
     
19
     
18
 
                               
Net Income
$
143
    $
123
    $
266
    $
193
 
                               
Earnings per Common Share - Basic and Diluted
$
0.69
    $
0.60
    $
1.29
    $
0.94
 
                               
Average Common Shares Outstanding
 
207.1
     
205.4
     
206.9
     
205.1
 
                               
 
 

 
AMEREN CORPORATION (AEE)     
CONSOLIDATED STATEMENT OF CASH FLOWS     
(Unaudited, in millions)     
 
Six Months Ended
 
 
June 30,   
 
 
2007
   
2006
 
Cash Flows From Operating Activities:
         
Net income
$
266
    $
193
 
Adjustments to reconcile net income to net cash provided by operating activities:
             
Gain on sales of emission allowances
  (2 )    
-
 
Depreciation and amortization
 
357
     
340
 
Amortization of nuclear fuel
 
15
     
16
 
Amortization of debt issuance costs and premium/discounts
 
10
     
7
 
Deferred income taxes and investment tax credits, net
  (8 )     (19 )
Loss on sale of noncore properties
 
-
     
4
 
Minority interest
 
13
     
12
 
Other
 
7
     
1
 
Changes in assets and liabilities:
             
Receivables, net
  (195 )    
168
 
Materials and supplies
 
35
     
25
 
Accounts and wages payable
  (62 )     (214 )
Taxes accrued
 
59
      (33 )
Assets, other
  (69 )    
63
 
Liabilities, other
 
67
     
10
 
Pension and other postretirement obligations, net
 
50
     
46
 
Net cash provided by operating activities
 
543
     
619
 
               
Cash Flows From Investing Activities:
             
Capital expenditures
  (715 )     (449 )
Combustion turbine acquisitions
 
-
      (292 )
Nuclear fuel expenditures
  (24 )     (25 )
Proceeds from sale of noncore properties
 
-
     
11
 
Purchases of securities - nuclear decommissioning trust fund
  (75 )     (53 )
Sales of securities - nuclear decommissioning trust fund
 
65
     
48
 
Purchases of emission allowances
  (9 )     (38 )
Sales of emission allowances
 
3
     
4
 
Other
 
1
      (1 )
Net cash used in investing activities
  (754 )     (795 )
               
Cash Flows From Financing Activities:
             
Dividends on common stock
  (263 )     (260 )
Capital issuance costs
  (3 )     (2 )
Short-term debt, net
 
1,007
     
204
 
Dividends paid to minority interest
  (10 )     (14 )
Redemptions, repurchases and maturities of long-term debt
  (443 )     (86 )
Issuances:
             
Common stock
 
48
     
57
 
Long-term debt
 
425
     
232
 
Net cash provided by financing activities
 
761
     
131
 
               
Net Change In Cash and Cash Equivalents
 
550
      (45 )
Cash and Cash Equivalents at Beginning of Year
 
137
     
96
 
               
Cash and Cash Equivalents at End of Period
$
687
    $
51
 
               
 
 

 
AMEREN CORPORATION (AEE)
 
CONSOLIDATED BALANCE SHEET
 
(Unaudited, in millions)
 
           
 
June 30,
   
December 31,
 
 
2007
   
2006
 
           
ASSETS
         
Current Assets:
         
Cash and cash equivalents
$
687
    $
137
 
Accounts receivable - trade
 
562
     
418
 
Unbilled revenue
 
304
     
309
 
Miscellaneous accounts and notes receivable
 
222
     
160
 
Materials and supplies, at average cost
 
612
     
647
 
Other current assets
 
178
     
203
 
Total current assets
 
2,565
     
1,874
 
Property and Plant, Net
 
14,538
     
14,286
 
Investments and Other Assets:
             
Investments in leveraged leases
 
13
     
13
 
Nuclear decommissioning trust fund
 
301
     
285
 
Goodwill
 
831
     
831
 
Intangible Assets
 
206
     
217
 
Other assets
 
730
     
641
 
Regulatory assets
 
1,347
     
1,431
 
Total investments and other assets
 
3,428
     
3,418
 
               
TOTAL ASSETS
$
20,531
    $
19,578
 
               
LIABILITIES AND STOCKHOLDERS' EQUITY
             
Current Liabilities:
             
Current maturities of long-term debt
$
203
    $
456
 
Short-term debt
 
1,619
     
612
 
Accounts and wages payable
 
455
     
671
 
Taxes accrued
 
120
     
58
 
Other current liabilities
 
423
     
405
 
Total current liabilities
 
2,820
     
2,202
 
Long-term Debt, Net
 
5,511
     
5,285
 
Preferred Stock of Subsidiary Subject to Mandatory Redemption
 
18
     
18
 
Deferred Credits and Other Liabilities:
             
Accumulated deferred income taxes, net
 
2,039
     
2,144
 
Accumulated deferred investment tax credits
 
113
     
118
 
Regulatory liabilities
 
1,216
     
1,234
 
Asset retirement obligations
 
564
     
549
 
Accrued pension and other postretirement benefits
 
1,040
     
1,065
 
Other deferred credits and liabilities
 
378
     
169
 
Total deferred credits and other liabilities
 
5,350
     
5,279
 
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption
 
195
     
195
 
Minority Interest in Consolidated Subsidiaries
 
19
     
16
 
Stockholders' Equity:
             
Common stock
 
2
     
2
 
Other paid-in capital, principally premium on common stock
 
4,551
     
4,495
 
Retained earnings
 
2,023
     
2,024
 
Accumulated other comprehensive loss
 
42
     
62
 
Total stockholders' equity
 
6,618
     
6,583
 
               
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$
20,531
    $
19,578