EX-99.2 3 ex99_2.htm AMEREN'S UNAUDITED CONSOLIDATED STATEMENT OF INCOME, CASH FLOW AND BALANCE SHEET FOR QUARTER ENDING 3/31/2009 ex99_2.htm
Exhibit 99.2
 

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
           
           
 
Three Months Ended
 
 
March 31,
 
 
2009
2008
 
           
Operating Revenues:
         
Electric
$ 1,395     $ 1,469  
Gas
  521       612  
Total operating revenues
  1,916       2,081  
               
Operating Expenses:
             
Fuel
  274       302  
Purchased power
  233       287  
Gas purchased for resale
  383       459  
Other operations and maintenance
  421       430  
Depreciation and amortization
  174       169  
Taxes other than income taxes
  110       113  
Total operating expenses
  1,595       1,760  
Operating Income
  321       321  
               
Other Income and Expenses:
             
Miscellaneous income
  16       19  
Miscellaneous expense
  (4 )     (4 )
Total other income
  12       15  
               
Interest Charges
  118       100  
               
Income Before Income Taxes
  215       236  
               
Income Taxes
  70       87  
               
Net Income
  145       149  
               
Less:  Net Income Attributable to Noncontrolling Interests
  4       11  
               
Net Income Attributable to Ameren Corporation
$ 141     $ 138  
               
Earnings per Common Share - Basic and Diluted
$ 0.66     $ 0.66  
               
Average Common Shares Outstanding       212.7       208.7  

 

 

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
Three Months Ended
 
 
March 31,
 
 
2009
2008
 
Cash Flows From Operating Activities:
         
Net income
$ 145     $ 149  
Adjustments to reconcile net income to net cash provided by operating activities:
             
Gain on sales of emission allowances
  -       (2 )
Net mark-to-market gain on derivatives
  (51 )     (16 )
Depreciation and amortization
  176       180  
Amortization of nuclear fuel
  12       11  
Amortization of debt issuance costs and premium/discounts
  4       5  
Deferred income taxes and investment tax credits, net
  32       23  
Other
  (1 )     (1 )
Changes in assets and liabilities:
             
Receivables
  119       (52 )
Materials and supplies
  185       179  
Accounts and wages payable
  (245 )     (80 )
Taxes accrued, net
  29       4  
Assets, other
  45       63  
Liabilities, other
  128       44  
Pension and other postretirement benefits
  36       22  
Counterparty collateral, net
  (53 )     (88 )
Taum Sauk costs, net of insurance recoveries
  (24 )     (112 )
Net cash provided by operating activities
  537       329  
               
Cash Flows From Investing Activities:
             
Capital expenditures
  (424 )     (420 )
Nuclear fuel expenditures
  (3 )     (102 )
Purchases of securities - nuclear decommissioning trust fund
  (203 )     (89 )
Sales of securities - nuclear decommissioning trust fund
  200       86  
Purchases of emission allowances
  (2 )     (2 )
Net cash used in investing activities
  (432 )     (527 )
               
Cash Flows From Financing Activities:
             
Dividends on common stock
  (82 )     (133 )
Capital issuance costs
  (3 )     -  
Dividends paid to noncontrolling interest holders
  (8 )     (10 )
Short-term debt, net
  (177 )     145  
Redemptions, repurchases, and maturities of long-term debt
  -       (19 )
Issuances:
             
Common stock
  28       46  
Long-term debt
  349       -  
Net cash provided by financing activities
  107       29  
               
Net change in cash and cash equivalents
  212       (169 )
Cash and cash equivalents at beginning of year
  92       355  
               
Cash and cash equivalents at end of period
$ 304     $ 186  
               

 
 

 

AMEREN CORPORATION (AEE)
 
CONSOLIDATED BALANCE SHEET
 
(Unaudited, in millions)
 
           
 
March 31,
   
December 31,
 
 
2009
   
2008
 
           
ASSETS
         
Current Assets:
         
Cash and cash equivalents
$ 304     $ 92  
Accounts receivable - trade, net
  554       502  
Unbilled revenue
  247       427  
Miscellaneous accounts and notes receivable
  318       292  
Materials and supplies
  657       842  
Mark-to-market derivative assets
  324       207  
Current portion of regulatory assets        
  159       79  
Other current assets
  194       153  
Total current assets
  2,757       2,594  
Property and Plant, Net
  16,781       16,567  
Investments and Other Assets:
             
Nuclear decommissioning trust fund
  223       239  
Goodwill
  831       831  
Intangible assets
  160       167  
Regulatory assets
  1,682       1,653  
Other assets
  637       606  
Total investments and other assets
  3,533       3,496  
TOTAL ASSETS
$ 23,071     $ 22,657  
               
LIABILITIES AND EQUITY
             
Current Liabilities:
             
Current maturities of long-term debt
$ 380     $ 380  
Short-term debt
  997       1,174  
Accounts and wages payable
  519       813  
Taxes accrued
  83       54  
Interest accrued
  167       107  
Mark-to-market derivative liabilities
  273       155  
Other current liabilities
  462       380  
Total current liabilities
  2,881       3,063  
Long-term Debt, Net
  6,900       6,554  
Deferred Credits and Other Liabilities:
             
Accumulated deferred income taxes, net
  2,159       2,131  
Accumulated deferred investment tax credits
  97       100  
Regulatory liabilities
  1,296       1,291  
Asset retirement obligations
  412       406  
Pension and other postretirement benefits
  1,514       1,495  
Other deferred credits and liabilities
  539       438  
Total deferred credits and other liabilities
  6,017       5,861  
Ameren Corporation Stockholders' Equity:
             
Common stock
  2       2  
Other paid-in capital, principally premium on common stock
  4,812       4,780  
Retained earnings
  2,241       2,181  
Accumulated other comprehensive income
  6       -  
Total Ameren Corporation stockholders' equity
  7,061       6,963  
Noncontrolling Interest
  212       216  
Total equity
  7,273       7,179  
               
TOTAL LIABILITIES AND EQUITY
$
23,071
    $ 22,657