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, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Operating Revenues: | |||||||||||||||
Electric | $ | 1,087 | $ | 1,049 | $ | 5,180 | $ | 4,913 | |||||||
Gas | 221 | 321 | 918 | 1,140 | |||||||||||
Total operating revenues | 1,308 | 1,370 | 6,098 | 6,053 | |||||||||||
Operating Expenses: | |||||||||||||||
Fuel | 208 | 188 | 878 | 826 | |||||||||||
Purchased power | 121 | 121 | 514 | 461 | |||||||||||
Gas purchased for resale | 95 | 183 | 415 | 615 | |||||||||||
Other operations and maintenance | 438 | 453 | 1,694 | 1,684 | |||||||||||
Provision for Callaway construction and operating license | — | — | 69 | — | |||||||||||
Depreciation and amortization | 202 | 194 | 796 | 745 | |||||||||||
Taxes other than income taxes | 104 | 106 | 473 | 468 | |||||||||||
Total operating expenses | 1,168 | 1,245 | 4,839 | 4,799 | |||||||||||
Operating Income | 140 | 125 | 1,259 | 1,254 | |||||||||||
Other Income and Expenses: | |||||||||||||||
Miscellaneous income | 20 | 19 | 74 | 79 | |||||||||||
Miscellaneous expense | 8 | 2 | 30 | 22 | |||||||||||
Total other income | 12 | 17 | 44 | 57 | |||||||||||
Interest Charges | 91 | 75 | 355 | 341 | |||||||||||
Income Before Income Taxes | 61 | 67 | 948 | 970 | |||||||||||
Income Taxes | 30 | 20 | 363 | 377 | |||||||||||
Income from Continuing Operations | 31 | 47 | 585 | 593 | |||||||||||
Income (Loss) from Discontinued Operations, Net of Taxes | (1 | ) | 2 | 51 | (1 | ) | |||||||||
Net Income | 30 | 49 | 636 | 592 | |||||||||||
Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests | 1 | 1 | 6 | 6 | |||||||||||
Net Income (Loss) Attributable to Ameren Common Shareholders: | |||||||||||||||
Continuing Operations | 30 | 46 | 579 | 587 | |||||||||||
Discontinued Operations | (1 | ) | 2 | 51 | (1 | ) | |||||||||
Net Income Attributable to Ameren Common Shareholders | $ | 29 | $ | 48 | $ | 630 | $ | 586 | |||||||
Earnings per Common Share – Basic: | |||||||||||||||
Continuing Operations | $ | 0.12 | $ | 0.19 | $ | 2.39 | $ | 2.42 | |||||||
Discontinued Operations | — | 0.01 | 0.21 | — | |||||||||||
Earnings per Common Share – Basic | $ | 0.12 | $ | 0.20 | $ | 2.60 | $ | 2.42 | |||||||
Earnings per Common Share – Diluted: | |||||||||||||||
Continuing Operations | $ | 0.12 | $ | 0.19 | $ | 2.38 | $ | 2.40 | |||||||
Discontinued Operations | — | 0.01 | 0.21 | — | |||||||||||
Earnings per Common Share – Diluted | $ | 0.12 | $ | 0.20 | $ | 2.59 | $ | 2.40 | |||||||
Average Common Shares Outstanding – Basic | 242.6 | 242.6 | 242.6 | 242.6 | |||||||||||
Average Common Shares Outstanding – Diluted | 243.0 | 244.5 | 243.6 | 244.4 |
AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
December 31, 2015 | December 31, 2014 | ||||||
ASSETS | |||||||
Current Assets: | |||||||
Cash and cash equivalents | $ | 292 | $ | 5 | |||
Accounts receivable - trade (less allowance for doubtful accounts) | 388 | 423 | |||||
Unbilled revenue | 239 | 265 | |||||
Miscellaneous accounts and notes receivable | 98 | 81 | |||||
Materials and supplies | 538 | 524 | |||||
Current regulatory assets | 260 | 295 | |||||
Other current assets | 88 | 86 | |||||
Assets of discontinued operations | 14 | 15 | |||||
Total current assets | 1,917 | 1,694 | |||||
Property and Plant, Net | 18,799 | 17,424 | |||||
Investments and Other Assets: | |||||||
Nuclear decommissioning trust fund | 556 | 549 | |||||
Goodwill | 411 | 411 | |||||
Regulatory assets | 1,382 | 1,582 | |||||
Other assets | 575 | 629 | |||||
Total investments and other assets | 2,924 | 3,171 | |||||
TOTAL ASSETS | $ | 23,640 | $ | 22,289 | |||
LIABILITIES AND EQUITY | |||||||
Current Liabilities: | |||||||
Current maturities of long-term debt | $ | 395 | $ | 120 | |||
Short-term debt | 301 | 714 | |||||
Accounts and wages payable | 777 | 711 | |||||
Taxes accrued | 43 | 46 | |||||
Interest accrued | 89 | 85 | |||||
Current regulatory liabilities | 80 | 106 | |||||
Other current liabilities | 379 | 434 | |||||
Liabilities of discontinued operations | 29 | 33 | |||||
Total current liabilities | 2,093 | 2,249 | |||||
Long-term Debt, Net | 6,880 | 6,085 | |||||
Deferred Credits and Other Liabilities: | |||||||
Accumulated deferred income taxes, net | 3,885 | 3,571 | |||||
Accumulated deferred investment tax credits | 60 | 64 | |||||
Regulatory liabilities | 1,905 | 1,850 | |||||
Asset retirement obligations | 618 | 396 | |||||
Pension and other postretirement benefits | 580 | 705 | |||||
Other deferred credits and liabilities | 531 | 514 | |||||
Total deferred credits and other liabilities | 7,579 | 7,100 | |||||
Ameren Corporation Shareholders’ Equity: | |||||||
Common stock | 2 | 2 | |||||
Other paid-in capital, principally premium on common stock | 5,616 | 5,617 | |||||
Retained earnings | 1,331 | 1,103 | |||||
Accumulated other comprehensive loss | (3 | ) | (9 | ) | |||
Total Ameren Corporation shareholders’ equity | 6,946 | 6,713 | |||||
Noncontrolling Interests | 142 | 142 | |||||
Total equity | 7,088 | 6,855 | |||||
TOTAL LIABILITIES AND EQUITY | $ | 23,640 | $ | 22,289 |
AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
Year Ended December 31, | |||||||
2015 | 2014 | ||||||
Cash Flows From Operating Activities: | |||||||
Net income | $ | 636 | $ | 592 | |||
Loss (Income) from discontinued operations, net of tax | (51 | ) | 1 | ||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||
Provision for Callaway construction and operating license | 69 | — | |||||
Depreciation and amortization | 777 | 710 | |||||
Amortization of nuclear fuel | 97 | 81 | |||||
Amortization of debt issuance costs and premium/discounts | 22 | 22 | |||||
Deferred income taxes and investment tax credits, net | 369 | 451 | |||||
Allowance for equity funds used during construction | (30 | ) | (34 | ) | |||
Stock-based compensation costs | 24 | 25 | |||||
Other | (10 | ) | (24 | ) | |||
Changes in assets and liabilities | 118 | (267 | ) | ||||
Net cash provided by operating activities – continuing operations | 2,021 | 1,557 | |||||
Net cash used in operating activities – discontinued operations | (4 | ) | (6 | ) | |||
Net cash provided by operating activities | 2,017 | 1,551 | |||||
Cash Flows From Investing Activities: | |||||||
Capital expenditures | (1,917 | ) | (1,785 | ) | |||
Nuclear fuel expenditures | (52 | ) | (74 | ) | |||
Purchases of securities – nuclear decommissioning trust fund | (363 | ) | (405 | ) | |||
Sales and maturities of securities – nuclear decommissioning trust fund | 349 | 391 | |||||
Proceeds from note receivable – Illinois Power Marketing Company | 20 | 95 | |||||
Contributions to note receivable – Illinois Power Marketing Company | (8 | ) | (89 | ) | |||
Other | 20 | 11 | |||||
Net cash used in investing activities – continuing operations | (1,951 | ) | (1,856 | ) | |||
Net cash provided by (used in) investing activities – discontinued operations | (25 | ) | 139 | ||||
Net cash used in investing activities | (1,976 | ) | (1,717 | ) | |||
Cash Flows From Financing Activities: | |||||||
Dividends on common stock | (402 | ) | (390 | ) | |||
Dividends paid to noncontrolling interest holders | (6 | ) | (6 | ) | |||
Short-term debt, net | (413 | ) | 346 | ||||
Redemptions and maturities of long-term debt | (120 | ) | (697 | ) | |||
Issuances of long-term debt | 1,197 | 898 | |||||
Capital issuance costs | (12 | ) | (11 | ) | |||
Other | 2 | 1 | |||||
Net cash provided by financing activities – continuing operations | 246 | 141 | |||||
Net change in cash and cash equivalents | 287 | (25 | ) | ||||
Cash and cash equivalents at beginning of year | 5 | 30 | |||||
Cash and cash equivalents at end of year – continuing operations | $ | 292 | $ | 5 |