EX-99.2 3 q12020ex992earningsrelease.htm EX-99.2 Document
                                                
                                                 Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
 
 Three Months Ended December 31,Year Ended December 31,
 2021202020212020
Operating Revenues:
Electric$1,189 $1,065 $5,297 $4,911 
Natural gas356 263 1,097 883 
Total operating revenues1,545 1,328 6,394 5,794 
Operating Expenses:
Fuel159 90 581 490 
Purchased power127 130 606 513 
Natural gas purchased for resale167 89 442 272 
Other operations and maintenance485 421 1,774 1,661 
Depreciation and amortization290 276 1,146 1,075 
Taxes other than income taxes120 111 512 483 
Total operating expenses1,348 1,117 5,061 4,494 
Operating Income197 211 1,333 1,300 
Other Income, Net51 34 202 151 
Interest Charges93 108 383 419 
Income Before Income Taxes155 137 1,152 1,032 
Income Taxes29 21 157 155 
Net Income126 116 995 877 
Less: Net Income Attributable to Noncontrolling Interests 1 5 
Net Income Attributable to Ameren Common Shareholders$125 $115 $990 $871 
Earnings per Common Share – Basic$0.48 $0.47 $3.86 $3.53 
Earnings per Common Share – Diluted$0.48 $0.46 $3.84 $3.50 
Weighted-average Common Shares Outstanding – Basic257.6 247.4 256.3 247.0 
Weighted-average Common Shares Outstanding – Diluted258.9 249.7 257.6 248.7 


                                                
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
December 31, 2021December 31, 2020
ASSETS
Current Assets:
Cash and cash equivalents$8 $139 
Accounts receivable - trade (less allowance for doubtful accounts)434 415 
Unbilled revenue301 269 
Miscellaneous accounts receivable85 65 
Inventories592 521 
Current regulatory assets319 109 
Other current assets229 135 
Total current assets1,968 1,653 
Property, Plant, and Equipment, Net29,261 26,807 
Investments and Other Assets:
Nuclear decommissioning trust fund1,159 982 
Goodwill411 411 
Regulatory assets1,289 1,100 
Pension and other postretirement benefits756 288 
Other assets891 789 
Total investments and other assets4,506 3,570 
TOTAL ASSETS$35,735 $32,030 
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt$505 $
Short-term debt545 490 
Accounts and wages payable1,095 958 
Interest accrued123 114 
Current regulatory liabilities113 121 
Other current liabilities445 489 
Total current liabilities2,826 2,180 
Long-term Debt, Net12,562 11,078 
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and investment tax credits, net3,499 3,211 
Regulatory liabilities5,848 5,282 
Asset retirement obligations757 696 
Other deferred credits and liabilities414 503 
Total deferred credits and other liabilities10,518 9,692 
Shareholders’ Equity:
Common stock3 
Other paid-in capital, principally premium on common stock6,502 6,179 
Retained earnings3,182 2,757 
Accumulated other comprehensive income (loss)13 (1)
Total shareholders’ equity9,700 8,938 
Noncontrolling Interests129 142 
Total equity9,829 9,080 
TOTAL LIABILITIES AND EQUITY$35,735 $32,030 


                                                
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 Year Ended December 31,
 20212020
Cash Flows From Operating Activities:
Net income $995 $877 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization1,219 1,085 
Amortization of nuclear fuel58 68 
Amortization of debt issuance costs and premium/discounts23 22 
Deferred income taxes and investment tax credits, net156 148 
Allowance for equity funds used during construction(43)(32)
Stock-based compensation costs22 21 
Other19 22 
Changes in assets and liabilities(788)(484)
Net cash provided by operating activities1,661 1,727 
Cash Flows From Investing Activities:
Capital expenditures(2,954)(2,669)
Wind generation expenditures(525)(564)
Nuclear fuel expenditures(44)(66)
Purchases of securities – nuclear decommissioning trust fund(452)(224)
Sales and maturities of securities – nuclear decommissioning trust fund439 183 
Other8 11 
Net cash used in investing activities(3,528)(3,329)
Cash Flows From Financing Activities:
Dividends on common stock(565)(494)
Dividends paid to noncontrolling interest holders(5)(6)
Short-term debt, net55 50 
Maturities of long-term debt(8)(442)
Issuances of long-term debt1,997 2,183 
Issuances of common stock308 476 
Redemptions of Ameren Illinois preferred stock(13)— 
Employee payroll taxes related to stock-based compensation(17)(20)
Debt issuance costs(18)(20)
Other(13)— 
Net cash provided by financing activities1,721 1,727 
Net change in cash, cash equivalents, and restricted cash(146)125 
Cash, cash equivalents, and restricted cash at beginning of year301 176 
Cash, cash equivalents, and restricted cash at end of year$155 $301