EX-99.2 3 ex99_2.htm AMEREN CONSOLIDATED 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
   
Year Ended
 
 
December 31,
   
December 31,
 
 
2007
   
2006
   
2007
   
2006
 
                       
Operating Revenues:
                     
Electric
$ 1,423     $ 1,229     $ 6,267     $ 5,585  
Gas
  384       391       1,279       1,295  
Total operating revenues
  1,807       1,620       7,546       6,880  
                               
Operating Expenses:
                             
Fuel
  303       242       1,167       1,018  
Purchased power
  281       254       1,387       1,150  
Gas purchased for resale
  278       290       900       931  
Other operations and maintenance
  439       415       1,688       1,556  
Depreciation and amortization
  167       176       681       661  
Taxes other than income taxes
  86       89       381       391  
Total operating expenses
  1,554       1,466       6,204       5,707  
Operating Income
  253       154       1,342       1,173  
                               
Other Income and Expenses:
                             
Miscellaneous income
  23       21       77       50  
Miscellaneous expense
  -       -       (10 )     (4 )
Total other income
  23       21       67       46  
                               
Interest Charges
  107       96       423       350  
                               
Income Before Income Taxes, Minority Interest and Preferred
                             
   Dividends of Subsidiaries
  169       79       986       869  
                               
Income Taxes
  51       11       330       284  
                               
Income Before Minority Interest and Preferred Dividends of Subsidiaries
  118       68       656       585  
                               
Minority Interest and Preferred Dividends of Subsidiaries
  10       7       38       38  
                               
Net Income
$ 108     $ 61     $ 618     $ 547  
                               
Earnings per Common Share - Basic and Diluted
$ 0.52     $ 0.30     $ 2.98     $ 2.66  
                               
                               
Average Common Shares Outstanding
  208.1       206.3       207.4       205.6  
                               

 
 

 

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
Year Ended
 
 
December 31,
 
 
2007
   
2006
 
Cash Flows From Operating Activities:
         
Net income
$ 618     $ 547  
Adjustments to reconcile net income to net cash provided by operating activities:
             
Gain on sales of emission allowances
  (8 )     (60 )
Gain on sale of non-core properties
  (3 )     (37 )
Depreciation and amortization
  735       656  
Amortization of nuclear fuel
  37       36  
Amortization of debt issuance costs and premium/discounts
  19       15  
Deferred income taxes and investment tax credits, net
  (28 )     91  
Minority interest
  27       27  
Other
  12       13  
Changes in assets and liabilities:
             
Receivables
  (320 )     91  
Materials and supplies
  (88 )     (75 )
Accounts and wages payable
  20       (85 )
Taxes accrued
  21       (72 )
Assets, other
  25       (103 )
Liabilities, other
  8       138  
Pension and other postretirement obligations, net
  27       97  
Net cash provided by operating activities
  1,102       1,279  
               
Cash Flows From Investing Activities:
             
Capital expenditures
  (1,381 )     (992 )
CT acquisitions
  -       (292 )
Proceeds from sales of non-core properties, net
  13       56  
Nuclear fuel expenditures
  (68 )     (39 )
Purchases of securities - nuclear decommissioning trust fund
  (142 )     (110 )
Sales of securities - nuclear decommissioning trust fund
  128       98  
Purchases of emission allowances
  (24 )     (42 )
Sales of emission allowances
  5       71  
Other
  1       (16 )
Net cash used in investing activities
  (1,468 )     (1,266 )
               
Cash Flows From Financing Activities:
             
Dividends on common stock
  (527 )     (522 )
Capital issuance costs
  (4 )     (4 )
Short-term debt, net
  860       419  
Dividends paid to minority interest
  (21 )     (28 )
Redemptions, repurchases and maturities:
             
Long-term debt
  (488 )     (164 )
Preferred stock
  (1 )     (1 )
Issuances:
             
Common stock
  91       96  
Long-term debt
  674       232  
Net cash provided by financing activities
  584       28  
               
Net Change In Cash and Cash Equivalents
  218       41  
Cash and Cash Equivalents at Beginning of Year
  137       96  
               
Cash and Cash Equivalents at End of Year
$ 355     $ 137  
               



 
AMEREN CORPORATION (AEE)
 
CONSOLIDATED BALANCE SHEET
 
(Unaudited, in millions)
 
           
 
December 31,
   
December 31,
 
 
2007
   
2006
 
           
ASSETS
         
Current Assets:
         
Cash and cash equivalents
$ 355     $ 137  
Accounts receivable - trade
  570       418  
Unbilled revenue
  359       309  
Miscellaneous accounts and notes receivable
  280       160  
Materials and supplies
  735       647  
Other current assets
  181       203  
Total current assets
  2,480       1,874  
Property and Plant, Net
  15,069       14,286  
Investments and Other Assets:
             
Nuclear decommissioning trust fund
  307       285  
Goodwill
  831       831  
Intangible assets
  198       217  
Other assets
  685       654  
Regulatory assets
  1,158       1,488  
Total investments and other assets
  3,179       3,475  
               
TOTAL ASSETS
$ 20,728     $ 19,635  
               
LIABILITIES AND STOCKHOLDERS' EQUITY
             
Current Liabilities:
             
Current maturities of long-term debt
$ 221     $ 456  
Short-term debt
  1,472       612  
Accounts and wages payable
  687       671  
Taxes accrued
  84       58  
Other current liabilities
  438       406  
Total current liabilities
  2,902       2,203  
Long-term Debt, Net
  5,691       5,285  
Preferred Stock of Subsidiary Subject to Mandatory Redemption
  16       17  
Deferred Credits and Other Liabilities:
             
Accumulated deferred income taxes, net
  2,046       2,144  
Accumulated deferred investment tax credits
  109       118  
Regulatory liabilities
  1,240       1,177  
Asset retirement obligations
  562       549  
Accrued pension and other postretirement benefits
  839       1,065  
Other deferred credits and liabilities
  354       283  
Total deferred credits and other liabilities
  5,150       5,336  
Preferred Stock of Subsidiaries Not Subject to Mandatory Redemption
  195       195  
Minority Interest in Consolidated Subsidiaries
  22       16  
Stockholders' Equity:
             
Common stock
  2       2  
Other paid-in capital, principally premium on common stock
  4,604       4,495  
Retained earnings
  2,110       2,024  
Accumulated other comprehensive income
  36       62  
Total stockholders' equity
  6,752       6,583  
               
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$ 20,728     $ 19,635