SEGMENT INFORMATION |
SEGMENT INFORMATION The following tables present revenues, net income (loss) attributable to common shareholders, and capital expenditures by segment at Ameren and Ameren Illinois for the three and nine months ended September 30, 2020 and 2019. Ameren, Ameren Missouri, and Ameren Illinois management review segment capital expenditure information rather than any individual or total asset amount. For additional information about our segments, see Note 16 – Segment Information under Part II, Item 8, of the Form 10-K. Ameren | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ameren Missouri | | Ameren Illinois Electric Distribution | | Ameren Illinois Natural Gas | | Ameren Transmission | | Other | | Intersegment Eliminations | | Ameren | | Three Months 2020: | | | | | | | | | | | | | | | External revenues | $ | 990 | | | $ | 390 | | | $ | 122 | | | $ | 126 | | | $ | — | | | $ | — | | | $ | 1,628 | | | Intersegment revenues | 11 | | | 1 | | | — | | | 15 | | (a) | — | | | (27) | | | — | | | Net income (loss) attributable to Ameren common shareholders | 297 | | | 34 | | | 2 | | | 62 | | (b) | (28) | | | — | | | 367 | | | Capital expenditures | 262 | | | 129 | | | 81 | | | 185 | | | 2 | | | (3) | | | 656 | | | Three Months 2019: | | | | | | | | | | | | | | | External revenues | $ | 1,050 | | | $ | 374 | | | $ | 107 | | | $ | 109 | | | $ | — | | | $ | — | | | $ | 1,640 | | | Intersegment revenues | 9 | | | 15 | | | 5 | | | 19 | | (a) | — | | | (29) | | | 19 | | (c) | Net income (loss) attributable to Ameren common shareholders | 300 | | | 32 | | | (1) | | | 53 | | (b) | (20) | | | — | | | 364 | | | Capital expenditures | 256 | | | 139 | | | 113 | | | 129 | | | (7) | | | 6 | | | 636 | | | Nine Months 2020: | | | | | | | | | | | | | | | External revenues | $ | 2,442 | | | $ | 1,131 | | | $ | 533 | | | $ | 360 | | | $ | — | | | $ | — | | | $ | 4,466 | | | Intersegment revenues | 31 | | | 2 | | | — | | | 40 | | (a) | — | | | (73) | | | — | | | Net income (loss) attributable to Ameren common shareholders | 439 | | | 107 | | | 66 | | | 168 | | (b) | (24) | | | — | | | 756 | | | Capital expenditures | 778 | | | 391 | | | 221 | | | 490 | | | 4 | | | — | | | 1,884 | | | Nine Months 2019: | | | | | | | | | | | | | | | External revenues | $ | 2,591 | | | $ | 1,118 | | | $ | 563 | | | $ | 303 | | | $ | — | | | $ | — | | | $ | 4,575 | | | Intersegment revenues | 24 | | | 17 | | | 5 | | | 48 | | (a) | — | | | (75) | | | 19 | | (c) | Net income (loss) attributable to Ameren common shareholders | 446 | | | 105 | | | 57 | | | 139 | | (b) | (13) | | | — | | | 734 | | | Capital expenditures | 751 | | | 390 | | | 241 | | | 377 | | | 3 | | | (1) | | | 1,761 | | |
(a)Ameren Transmission earns revenue from transmission service provided to Ameren Illinois Electric Distribution. (b)Ameren Transmission earnings reflect an allocation of financing costs from Ameren (parent). (c)Intersegment revenues at Ameren include $14 million and $5 million of revenue from Ameren Illinois Electric Distribution and Ameren Illinois Natural Gas, respectively, for the three and nine months ended September 30, 2019, for a software licensing agreement with Ameren Missouri. Under authoritative accounting guidance for rate-regulated entities, the revenue recognized by Ameren Illinois was not eliminated upon consolidation. See Note 8 – Related-party Transactions under Part I, Item 1, of this report for additional information. Ameren Illinois | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ameren Illinois Electric Distribution | | Ameren Illinois Natural Gas | | Ameren Illinois Transmission | | Intersegment Eliminations | | Ameren Illinois | Three Months 2020: | | | | | | | | | | External revenues | $ | 391 | | | $ | 122 | | | $ | 76 | | | $ | — | | | $ | 589 | | Intersegment revenues | — | | | — | | | 15 | | (a) | (15) | | | — | | Net income available to common shareholder | 34 | | | 2 | | | 41 | | | — | | | 77 | | Capital expenditures | 129 | | | 81 | | | 160 | | | — | | | 370 | | Three Months 2019: | | | | | | | | | | External revenues | $ | 389 | | | $ | 112 | | | $ | 63 | | | $ | — | | | $ | 564 | | Intersegment revenues | — | | | — | | | 18 | | (a) | (18) | | | — | | Net income (loss) available to common shareholder | 32 | | | (1) | | | 34 | | | — | | | 65 | | Capital expenditures | 139 | | | 113 | | | 92 | | | — | | | 344 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ameren Illinois Electric Distribution | | Ameren Illinois Natural Gas | | Ameren Illinois Transmission | | Intersegment Eliminations | | Ameren Illinois | Nine Months 2020: | | | | | | | | | | External revenues | $ | 1,133 | | | $ | 533 | | | $ | 213 | | | $ | — | | | $ | 1,879 | | Intersegment revenues | — | | | — | | | 39 | | (a) | (39) | | | — | | Net income available to common shareholder | 107 | | | 66 | | | 107 | | | — | | | 280 | | Capital expenditures | 391 | | | 221 | | | 419 | | | — | | | 1,031 | | Nine Months 2019: | | | | | | | | | | External revenues | $ | 1,135 | | | $ | 568 | | | $ | 170 | | | $ | — | | | $ | 1,873 | | Intersegment revenues | — | | | — | | | 47 | | (a) | (47) | | | — | | Net income available to common shareholder | 105 | | | 57 | | | 85 | | | — | | | 247 | | Capital expenditures | 390 | | | 241 | | | 269 | | | — | | | 900 | |
(a)Ameren Illinois Transmission earns revenue from transmission service provided to Ameren Illinois Electric Distribution. The following tables present disaggregated revenues by segment at Ameren and Ameren Illinois for the three and nine months ended September 30, 2020 and 2019. Economic factors affect the nature, timing, amount, and uncertainty of revenues and cash flows in a similar manner across customer classes. Revenues from alternative revenue programs have a similar distribution among customer classes as revenues from contracts with customers. Other revenues not associated with contracts with customers are presented in the Other customer classification, along with electric transmission and off-system revenues. Ameren | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ameren Missouri | | Ameren Illinois Electric Distribution | | Ameren Illinois Natural Gas | | Ameren Transmission | | | | Intersegment Eliminations | | Ameren | | Three Months 2020: | | | | | | | | | | | | | | | Residential | $ | 455 | | | $ | 234 | | | $ | — | | | $ | — | | | | | $ | — | | | $ | 689 | | | Commercial | 343 | | | 127 | | | — | | | — | | | | | — | | | 470 | | | Industrial | 87 | | | 26 | | | — | | | — | | | | | — | | | 113 | | | Other | 99 | | | 4 | |
| — | | | 141 | | | | | (27) | | | 217 | | | Total electric revenues | $ | 984 | | | $ | 391 | | | $ | — | | | $ | 141 | | | | | $ | (27) | | | $ | 1,489 | | | Residential | $ | 8 | | | $ | — | | | $ | 68 | | | $ | — | | | | | $ | — | | | $ | 76 | | | Commercial | 3 | | | — | | | 18 | | | — | | | | | — | | | 21 | | | Industrial | 1 | | | — | | | 5 | | | — | | | | | — | | | 6 | | | Other | 5 | | | — | | | 31 | |
| — | | | | | — | | | 36 | | | Total gas revenues | $ | 17 | | | $ | — | | | $ | 122 | | | $ | — | | | | | $ | — | | | $ | 139 | | | Total revenues(a) | $ | 1,001 | | | $ | 391 | | | $ | 122 | | | $ | 141 | | | | | $ | (27) | | | $ | 1,628 | | | Three Months 2019: | | | | | | | | | | | | | | | Residential | $ | 489 | | | $ | 224 | | | $ | — | | | $ | — | | | | | $ | — | | | $ | 713 | | | Commercial | 394 | | | 123 | | | — | | | — | | | | | — | | | 517 | | | Industrial | 94 | | | 27 | | | — | | | — | | | | | — | | | 121 | | | Other | 63 | |
| 15 | | (b) | — | | | 128 | | | | | (29) | | | 177 | |
| Total electric revenues | $ | 1,040 | | | $ | 389 | | | $ | — | | | $ | 128 | | | | | $ | (29) | | | $ | 1,528 | | | Residential | $ | 8 | | | $ | — | | | $ | 65 | | | $ | — | | | | | $ | — | | | $ | 73 | | | Commercial | 4 | | | — | | | 17 | | | — | | | | | — | | | 21 | | | Industrial | 1 | | | — | | | 2 | | | — | | | | | — | | | 3 | | | Other | 6 | | | — | | | 28 | | (b) | — | | | | | — | | | 34 | | | Total gas revenues | $ | 19 | | | $ | — | | | $ | 112 | | | $ | — | | | | | $ | — | | | $ | 131 | | | Total revenues(a) | $ | 1,059 | | | $ | 389 | | | $ | 112 | | | $ | 128 | | | | | $ | (29) | | | $ | 1,659 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ameren Missouri | | Ameren Illinois Electric Distribution | | Ameren Illinois Natural Gas | | Ameren Transmission | | | | Intersegment Eliminations | | Ameren | | Nine Months 2020: | | | | | | | | | | | | | | | Residential | $ | 1,111 | | | $ | 664 | | | $ | — | | | $ | — | | | | | $ | — | | | $ | 1,775 | | | Commercial | 828 | | | 365 | | | — | | | — | | | | | — | | | 1,193 | | | Industrial | 207 | | | 91 | | | — | | | — | | | | | — | | | 298 | | | Other | 240 | | | 13 | | | — | | | 400 | | | | | (73) | | | 580 | | | Total electric revenues | $ | 2,386 | | | $ | 1,133 | | | $ | — | | | $ | 400 | | | | | $ | (73) | | | $ | 3,846 | | | Residential | $ | 52 | | | $ | — | | | $ | 375 | | | $ | — | | | | | $ | — | | | $ | 427 | | | Commercial | 20 | | | — | | | 94 | | | — | | | | | — | | | 114 | | | Industrial | 3 | | | — | | | 11 | | | — | | | | | — | | | 14 | | | Other | 12 | | | — | | | 53 | | | — | | | | | — | | | 65 | | | Total natural gas revenues | $ | 87 | | | $ | — | | | $ | 533 | | | $ | — | | | | | $ | — | | | $ | 620 | | | Total revenues(a) | $ | 2,473 | | | $ | 1,133 | | | $ | 533 | | | $ | 400 | | | | | $ | (73) | | | $ | 4,466 | | | Nine Months 2019: | | | | | | | | | | | | | | | Residential | $ | 1,134 | | | $ | 640 | | | $ | — | | | $ | — | | | | | $ | — | | | $ | 1,774 | | | Commercial | 943 | | | 370 | | | — | | | — | | | | | — | | | 1,313 | | | Industrial | 226 | | | 94 | | | — | | | — | | | | | — | | | 320 | | | Other | 214 | | | 31 | | (b) | — | | | 351 | | | | | (75) | | | 521 | | | Total electric revenues | $ | 2,517 | | | $ | 1,135 | | | $ | — | | | $ | 351 | | | | | $ | (75) | | | $ | 3,928 | | | Residential | $ | 56 | | | $ | — | | | $ | 399 | | | $ | — | | | | | $ | — | | | $ | 455 | | | Commercial | 24 | | | — | | | 105 | | | — | | | | | — | | | 129 | | | Industrial | 3 | | | — | | | 9 | | | — | | | | | — | | | 12 | | | Other | 15 | | | — | | | 55 | | (b) | — | | | | | — | | | 70 | | | Total natural gas revenues | $ | 98 | | | $ | — | | | $ | 568 | | | $ | — | | | | | $ | — | | | $ | 666 | | | Total revenues(a) | $ | 2,615 | | | $ | 1,135 | | | $ | 568 | | | $ | 351 | | | | | $ | (75) | | | $ | 4,594 | | |
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the three and nine months ended September 30, 2020 and 2019: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ameren Missouri | | Ameren Illinois Electric Distribution | | Ameren Illinois Natural Gas | | Ameren Transmission | | Ameren | Three Months 2020: | | | | | | | | | | Revenues from alternative revenue programs | $ | 1 | | | $ | (110) | | | $ | 3 | | | $ | 4 | | | $ | (102) | | Other revenues not from contracts with customers | 6 | | | 5 | | | — | | | — | | | 11 | | | | | | | | | | | | Three Months 2019: | | | | | | | | | | Revenues from alternative revenue programs | $ | 26 | | | $ | (145) | | | $ | 1 | | | $ | (12) | | | $ | (130) | | Other revenues not from contracts with customers | 5 | | | 1 | | | 1 | | | — | | | 7 | | | | | | | | | | | | Nine Months 2020: | | | | | | | | | | Revenues from alternative revenue programs | $ | (8) | | | $ | (59) | | | $ | 17 | | | $ | 34 | | | $ | (16) | | Other revenues not from contracts with customers | 21 | | | 6 | | | 1 | | | — | | | 28 | | | | | | | | | | | | Nine Months 2019: | | | | | | | | | | Revenues from alternative revenue programs | $ | 41 | | | $ | (111) | | | $ | 2 | | | $ | (25) | | | $ | (93) | | Other revenues not from contracts with customers | 14 | | | 5 | | | 2 | | | — | | | 21 | | | | | | | | | | | |
(b)Includes $14 million and $5 million for Ameren Illinois Electric Distribution and Ameren Illinois Natural Gas, respectively, for the three and nine months ended September 30, 2019, for a software licensing agreement with Ameren Missouri. See Note 8 – Related-party Transactions for additional information. Ameren Illinois | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ameren Illinois Electric Distribution | | Ameren Illinois Natural Gas | | Ameren Illinois Transmission | | Intersegment Eliminations | | Ameren Illinois | | Three Months 2020: | | | | | | | | | | | Residential | $ | 234 | | | $ | 68 | | | $ | — | | | $ | — | | | $ | 302 | | | Commercial | 127 | | | 18 | | | — | | | — | | | 145 | | | Industrial | 26 | | | 5 | | | — | | | — | | | 31 | | | Other | 4 | |
| 31 | |
| 91 | | | (15) | | | 111 | | | Total revenues(a) | $ | 391 | | | $ | 122 | | | $ | 91 | | | $ | (15) | | | $ | 589 | | | Three Months 2019: | | | | | | | | | | | Residential | $ | 224 | | | $ | 65 | | | $ | — | | | $ | — | | | $ | 289 | | | Commercial | 123 | | | 17 | | | — | | | — | | | 140 | | | Industrial | 27 | | | 2 | | | — | | | — | | | 29 | | | Other | 15 | | (b) | 28 | | (b) | 81 | | | (18) | | | 106 | | | Total revenues(a) | $ | 389 | | | $ | 112 | | | $ | 81 | | | $ | (18) | | | $ | 564 | | | Nine Months 2020: | | | | | | | | | | | Residential | $ | 664 | | | $ | 375 | | | $ | — | | | $ | — | | | $ | 1,039 | | | Commercial | 365 | | | 94 | | | — | | | — | | | 459 | | | Industrial | 91 | | | 11 | | | — | | | — | | | 102 | | | Other | 13 | | | 53 | | | 252 | | | (39) | | | 279 | | | Total revenues(a) | $ | 1,133 | | | $ | 533 | | | $ | 252 | | | $ | (39) | | | $ | 1,879 | | | Nine Months 2019: | | | | | | | | | | | Residential | $ | 640 | | | $ | 399 | | | $ | — | | | $ | — | | | $ | 1,039 | | | Commercial | 370 | | | 105 | | | — | | | — | | | 475 | | | Industrial | 94 | | | 9 | | | — | | | — | | | 103 | | | Other | 31 | | (b) | 55 | | (b) | 217 | | | (47) | | | 256 | | | Total revenues(a) | $ | 1,135 | | | $ | 568 | | | $ | 217 | | | $ | (47) | | | $ | 1,873 | | |
(a)The following table presents increases/(decreases) in revenues from alternative revenue programs and other revenues not from contracts with customers for the Ameren Illinois segments for the three and nine months ended September 30, 2020 and 2019: | | | | | | | | | | | | | | | | | | | | | | | | | Ameren Illinois Electric Distribution | | Ameren Illinois Natural Gas | | Ameren Illinois Transmission | | Ameren Illinois | Three Months 2020: | | | | | | | | Revenues from alternative revenue programs | $ | (110) | | | $ | 3 | | | $ | 5 | | | $ | (102) | | Other revenues not from contracts with customers | 5 | | | — | | | — | | | 5 | | | | | | | | | | Three Months 2019: | | | | | | | | Revenues from alternative revenue programs | $ | (145) | | | $ | 1 | | | $ | (12) | | | $ | (156) | | Other revenues not from contracts with customers | 1 | | | 1 | | | — | | | 2 | | | | | | | | | | Nine Months 2020: | | | | | | | | Revenues from alternative revenue programs | $ | (59) | | | $ | 17 | | | $ | 29 | | | $ | (13) | | Other revenues not from contracts with customers | 6 | | | 1 | | | — | | | 7 | | | | | | | | | | Nine Months 2019: | | | | | | | | Revenues from alternative revenue programs | $ | (111) | | | $ | 2 | | | $ | (26) | | | $ | (135) | | Other revenues not from contracts with customers | 5 | | | 2 | | | — | | | 7 | | | | | | | | | |
(b)Includes $14 million and $5 million for Ameren Illinois Electric Distribution and Ameren Illinois Natural Gas, respectively, for the three and nine months ended September 30, 2019, for a software licensing agreement with Ameren Missouri. See Note 8 – Related-party Transactions for additional information.
|