- Second Quarter Diluted Earnings Per Share were $0.80 in 2022 vs. $0.80 in 2021
- Guidance Range for 2022 Reaffirmed at $3.95 to $4.15 per
Diluted Share
ST.
LOUIS, Aug. 4, 2022 /PRNewswire/ -- Ameren
Corporation (NYSE: AEE) today announced second quarter 2022 net
income attributable to common shareholders of $207 million, or $0.80 per diluted share, compared to second
quarter 2021 net income attributable to common shareholders of
$207 million, or $0.80 per diluted share.
The results reflected earnings on increased infrastructure
investments made across all business segments driven by solid
execution of the company's strategy. Earnings were positively
impacted by higher Ameren Missouri electric retail sales, primarily
driven by warmer early summer temperatures in the second quarter of
2022 compared to near-normal early summer temperatures in the
year-ago period. Earnings were also positively impacted by a higher
allowed return on equity at Ameren Illinois Electric Distribution
due to a higher expected average 30-year U.S. Treasury bond yield
in 2022 compared to 2021. These favorable factors were offset by an
increase in operations and maintenance expenses at Ameren Missouri
and Ameren Illinois Natural Gas driven, in part, by unfavorable
market returns in 2022 on company-owned life insurance investments
compared to favorable market returns in the year-ago period, an
increase in energy center-related costs and higher transmission and
distribution expenses, including storm costs. Finally, the earnings
comparison also reflected increased interest expense, primarily due
to increased long-term debt outstanding at Ameren Missouri and
Ameren Parent.
"Execution on all elements of our strategy, including
significant investments in energy infrastructure across all of our
business segments, continues to drive significant value for our
customers," said Martin J. Lyons,
Jr., president and chief executive officer of Ameren
Corporation. "We have had a solid first half of the year and expect
to finish the year strong. We remain on track to deliver within our
2022 earnings per share guidance range of $3.95 to $4.15.
"We remain focused on delivering safe, reliable and
affordable electric and natural gas services to our customers while
executing a growth strategy tied to a responsible clean energy
transition. I am pleased to report that as part of that transition,
we have accelerated our net-zero emissions goal in connection with
the change to Ameren Missouri's integrated resource plan that was
released in June," said Lyons.
Ameren recorded net income attributable to common shareholders
for the six months ended June 30,
2022, of $459 million, or
$1.77 per diluted share, compared to
net income attributable to common shareholders for the six months
ended June 30, 2021, of $440 million, or $1.71 per diluted share.
The increase in year-over-year six month earnings reflected
increased infrastructure investments made across all business
segments driven by solid execution of the company's strategy.
Earnings were positively impacted at Ameren Missouri due to higher
weather-driven electric retail sales. Earnings were also positively
impacted by a higher allowed return on equity at Ameren Illinois
Electric Distribution due to a higher projected 30-year U.S.
Treasury bond yield in 2022 compared to 2021. Ameren Illinois
Natural Gas earnings also increased due to higher delivery service
rates effective in late January 2021.
Earnings at Ameren Transmission were also positively impacted by
the absence of the March 2021 FERC
order addressing the historical recovery of materials and supplies
inventories. These positive factors were partially offset by higher
operations and maintenance expense at Ameren Missouri and Ameren
Illinois Natural Gas driven, in part, by unfavorable market returns
in 2022 on company-owned life insurance investments compared to
favorable market returns in the year ago period, an increase in
energy center-related costs, higher transmission and distribution
expenses, including storm costs, and the absence in 2022 of a
deferral of incurred costs related to COVID-19 to a regulatory
asset. Finally, the earnings comparison also reflected increased
interest expense, primarily due to increased long-term debt
outstanding at Ameren Missouri and Ameren Parent.
Earnings Guidance
Today, Ameren reaffirmed its 2022 earnings guidance range of
$3.95 to $4.15 per diluted share. Earnings guidance for
2022 assumes normal temperatures for the last six months of the
year and is subject to the effects of, among other things: 30-year
U.S. Treasury bond yields; regulatory, judicial and legislative
actions; energy center and energy distribution operations; energy,
economic and capital market conditions; severe storms; unusual or
otherwise unexpected gains or losses; and other risks and
uncertainties outlined, or referred to, in the Forward-looking
Statements section of this press release.
Ameren Missouri Segment Results
Ameren Missouri second quarter 2022 earnings were $100 million, compared to second quarter 2021
earnings of $111 million. The
year-over-year comparison reflected increased earnings on
investments in infrastructure. Earnings were also positively
impacted by higher electric retail sales, primarily driven by
warmer early summer temperatures compared to near-normal early
summer temperatures in the year-ago period. In addition, earnings
benefited from higher electric service rates effective Feb. 28, 2022. These factors were more than
offset by higher other operations and maintenance expenses driven,
in part, by unfavorable market returns in 2022 on company-owned
life insurance investments compared to favorable market returns in
the year ago period, an increase in energy center-related costs and
higher transmission and distribution expenses, including storm
costs. Interest expense also increased primarily due to increased
long-term debt outstanding.
Ameren Illinois Electric Distribution Segment Results
Ameren Illinois Electric Distribution second quarter 2022
earnings were $51 million, compared
to second quarter 2021 earnings of $41
million. The year-over-year improvement reflected increased
earnings on infrastructure investments and a higher allowed return
on equity based on a higher expected average 30-year U.S. Treasury
bond yield in 2022 compared to 2021.
Ameren Illinois Natural Gas Segment Results
Ameren Illinois Natural Gas second quarter 2022 earnings were
$6 million, compared to second
quarter 2021 earnings of $8 million.
The year-over-year comparison reflected increased earnings on
infrastructure investments, which were more than offset by higher
other operations and maintenance expenses driven, in part, by
unfavorable market returns in 2022 on company-owned life insurance
investments compared to favorable market returns in the year ago
period.
Ameren Transmission Segment Results
Ameren Transmission second quarter 2022 earnings were
$63 million, compared to second
quarter 2021 earnings of $55 million.
The year-over-year improvement reflected increased earnings on
infrastructure investments.
Ameren Parent Results (includes items not reported in a business
segment)
Ameren Parent results for the second quarter of 2022 reflected a
loss of $13 million, compared to a
second quarter 2021 loss of $8
million. The year-over-year comparison reflected increased
interest expense primarily due to increased long-term debt
outstanding.
Analyst Conference Call
Ameren will conduct a conference call for financial analysts at
9 a.m. Central Time on Friday, Aug.
5, to discuss 2022 earnings, earnings guidance and other matters.
Investors, the news media and the public may listen to a live
broadcast of the call at AmerenInvestors.com by clicking on
"Webcast" under "Q2 2022 Earnings Conference Call," where an
accompanying slide presentation will also be available. The
conference call and presentation will be archived for one year in
the "Investor News & Events" section of the website under
"Events and Presentations."
About Ameren
St. Louis-based Ameren
Corporation powers the quality of life for 2.4 million
electric customers and more than 900,000 natural gas customers in a
64,000-square-mile area through its Ameren Missouri and Ameren
Illinois rate-regulated utility subsidiaries. Ameren Illinois
provides electric transmission and distribution service and natural
gas distribution service. Ameren Missouri provides electric
generation, transmission and distribution service, as well as
natural gas distribution service. Ameren Transmission Company of
Illinois develops, owns and
operates rate-regulated regional electric transmission projects in
the Midcontinent Independent System Operator, Inc. For more
information, visit Ameren.com, or follow us on Twitter at
@AmerenCorp, Facebook.com/AmerenCorp, or
LinkedIn/company/Ameren.
Forward-looking Statements
Statements in this release not based on historical facts are
considered "forward-looking" and, accordingly, involve risks and
uncertainties that could cause actual results to differ materially
from those discussed. Although such forward-looking statements have
been made in good faith and are based on reasonable assumptions,
there is no assurance that the expected results will be achieved.
These statements include (without limitation) statements as to
future expectations, beliefs, plans, projections, strategies,
targets, estimates, objectives, events, conditions, and financial
performance. In connection with the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995, we are providing
this cautionary statement to identify important factors that could
cause actual results to differ materially from those anticipated.
The following factors, in addition to those discussed under Risk
Factors in Ameren's Annual Report on Form 10-K for the year ended
December 31, 2021, and elsewhere in
this release and in our other filings with the Securities and
Exchange Commission, could cause actual results to differ
materially from management expectations suggested in such
forward-looking statements:
- regulatory, judicial, or legislative actions, and any changes
in regulatory policies and ratemaking determinations, that may
change regulatory recovery mechanisms, such as those that may
result from the impact of a final ruling to be issued by
the United States Court for the
Eastern District of Missouri
regarding its September 2019 remedy
order for the Rush Island Energy Center, the Missouri Public
Service Commission (MoPSC) staff review of the planned Rush Island
Energy Center retirement, Ameren Missouri's electric service
regulatory rate review filed with the MoPSC in August 2022, the July
2020 appeal filed by Ameren Missouri, Ameren Illinois, and
Ameren Transmission Company of Illinois (ATXI) challenging the refund period
related to the May 2020 Federal
Energy Regulatory Commission (FERC) order determining the allowed
base return on common equity (ROE) under the Midcontinent
Independent System Operator (MISO) tariff, the July 2020 appeal filed by Ameren Missouri, Ameren
Illinois, and ATXI challenging the FERC's rehearing denials in the
transmission formula rate revision cases, Ameren Illinois' electric
distribution service rate reconciliation request filed with the
Illinois Commerce Commission (ICC) in April
2022, and Ameren Illinois' annual electric energy-efficiency
formula rate update filed with the ICC in June 2022;
- the length and severity of the COVID-19 pandemic and its
impacts on our business continuity plans and our results of
operations, financial position, and liquidity, including but not
limited to changes in customer demand resulting in changes to sales
volumes; customers' payment for our services; the health, welfare,
and availability of our workforce and contractors; supplier
disruptions; delays in the completion of construction projects,
which could impact our expected capital expenditures and rate base
growth; changes in how we operate our business; and our ability to
access the capital markets on reasonable terms and when
needed;
- the effect of Ameren Illinois' use of the performance-based
formula ratemaking framework for its electric distribution service
under the Illinois Energy Infrastructure Modernization Act (IEIMA),
which will establish and allow for a reconciliation of electric
distribution service rates through 2023, its participation in
electric energy-efficiency programs, and the related impact of the
direct relationship between Ameren Illinois' ROE and the 30-year
United States Treasury bond yields;
- the effect and duration of Ameren Illinois' election to either
utilize traditional regulatory rate reviews or multi-year rate
plans for electric distribution service ratemaking effective for
rates beginning in 2024;
- the effect on Ameren Missouri of any customer rate caps or
limitations to increases to the electric service revenue
requirement pursuant to Ameren Missouri's election to use the
PISA;
- the effects of changes in federal, state, or local laws and
other governmental actions, including monetary, fiscal, foreign
trade, and energy policies;
- the effects of changes in federal, state, or local tax laws,
regulations, interpretations, or rates, and challenges to the tax
positions we have taken, if any, as well as resulting effects on
customer rates;
- the effects on energy prices and demand for our services
resulting from technological advances, including advances in
customer energy efficiency, electric vehicles, electrification of
various industries, energy storage, and private generation sources,
which generate electricity at the site of consumption and are
becoming more cost-competitive;
- the effectiveness of Ameren Missouri's customer
energy-efficiency programs and the related revenues and performance
incentives earned under its Missouri Energy Efficiency Investment
Act (MEEIA) programs;
- Ameren Illinois' ability to achieve the performance standards
applicable to its electric distribution business and electric
customer energy-efficiency goals and the resulting impact on its
allowed ROE;
- our ability to control costs and make substantial investments
in our businesses, including our ability to recover costs and
investments, and to earn our allowed ROEs, within frameworks
established by our regulators, while maintaining affordability of
our services for our customers;
- the cost and availability of fuel, such as low-sulfur coal,
natural gas, and enriched uranium used to produce electricity; the
cost and availability of purchased power, zero emission credits,
renewable energy credits, emission allowances, and natural gas for
distribution; and the level and volatility of future market prices
for such commodities and credits;
- disruptions in the delivery of fuel, failure of our fuel
suppliers to provide adequate quantities or quality of fuel, or
lack of adequate inventories of fuel, including nuclear fuel
assemblies from the one Nuclear Regulatory Commission-licensed
supplier of such assemblies for Ameren Missouri's Callaway Energy
Center;
- the cost and availability of transmission capacity for the
energy generated by Ameren Missouri's energy centers or required to
satisfy Ameren Missouri's energy sales;
- the effectiveness of our risk management strategies and our use
of financial and derivative instruments;
- the ability to obtain sufficient insurance, or in the absence
of insurance, the ability to timely recover uninsured losses from
our customers;
- increased data security risks as a result of remote working
arrangements for a significant portion of our workforce;
- the impact of cyberattacks on us or our suppliers, which could,
among other things, result in the loss of operational control of
energy centers and electric and natural gas transmission and
distribution systems and/or the loss of data, such as customer,
employee, financial, and operating system information;
- business and economic conditions, which have been affected by,
and will be affected by the length and severity of, the COVID-19
pandemic, including the impact of such conditions on interest rates
and inflation;
- disruptions of the capital markets, deterioration in our credit
metrics, or other events that may have an adverse effect on the
cost or availability of capital, including short-term credit and
liquidity;
- the actions of credit rating agencies and the effects of such
actions, including any impacts on our credit ratings that may
result from the economic conditions of the COVID-19 pandemic;
- the inability of our counterparties to meet their obligations
with respect to contracts, credit agreements, and financial
instruments, including as they relate to the construction and
acquisition of electric and natural gas utility infrastructure and
the ability of counterparties to complete projects, which is
dependent upon the availability of necessary materials and
equipment, including those obligations that are affected by
disruptions in the global supply chain caused by the COVID-19
pandemic;
- the impact of weather conditions and other natural phenomena on
us and our customers, including the impact of system outages and
the level of wind and solar resources;
- the construction, installation, performance, and cost recovery
of generation, transmission, and distribution assets;
- the effects of failures of electric generation, electric and
natural gas transmission or distribution, or natural gas storage
facilities systems and equipment, which could result in
unanticipated liabilities or unplanned outages;
- the operation of Ameren Missouri's Callaway Energy Center,
including planned and unplanned outages, as well as the ability to
recover costs associated with such outages and the impact of such
outages on off-system sales and purchased power, among other
things;
- Ameren Missouri's ability to recover the remaining investment
and decommissioning costs associated with the retirement of an
energy center, as well as the ability to earn a return on that
remaining investment and those decommissioning costs;
- the impact of current environmental laws and new, more
stringent, or changing requirements, including those related to New
Source Review and carbon dioxide, other emissions and discharges,
Illinois emission standards,
cooling water intake structures, coal combustion residuals, energy
efficiency, and wildlife protection, that could limit or terminate
the operation of certain of Ameren Missouri's energy centers,
increase our operating costs or investment requirements, result in
an impairment of our assets, cause us to sell our assets, reduce
our customers' demand for electricity or natural gas, or otherwise
have a negative financial effect;
- the impact of complying with renewable energy standards in
Missouri and Illinois and with the zero emission standard
in Illinois;
- Ameren Missouri's ability to construct and/or acquire wind,
solar, and other renewable energy generation facilities as well as
natural gas-fired combined cycle energy centers, retire energy
centers, and implement new or existing customer energy efficiency
programs, including any such construction, acquisition, retirement,
or implementation in connection with its Smart Energy Plan,
integrated resource plan, or emissions reduction goals, and to
recover its cost of investment, related return, and, in the case of
customer energy efficiency programs, any lost margins in a timely
manner, which is affected by the ability to obtain all necessary
regulatory and project approvals, including certificates of
convenience and necessity from the MoPSC or any other required
approvals for the addition of renewable resources;
- the availability of federal production and investment tax
credits related to renewable energy and Ameren Missouri's ability
to use such credits; the cost of wind, solar, and other renewable
generation and storage technologies; and our ability to obtain
timely interconnection agreements with the MISO or other regional
transmission organizations at an acceptable cost for each
facility;
- advancements in energy technologies, including carbon capture,
utilization, and sequestration, hydrogen fuel for electric
production and energy storage, next generation nuclear, and
large-scale long-cycle battery energy storage, and the impact of
constructive federal and state energy and economic policies with
respect to those technologies;
- labor disputes, work force reductions, changes in future wage
and employee benefits costs, including those resulting from changes
in discount rates, mortality tables, returns on benefit plan
assets, and other assumptions;
- the impact of negative opinions of us or our utility services
that our customers, investors, legislators, regulators, or other
stakeholders may have or develop, which could result from a variety
of factors, including failures in system reliability, failure to
implement our investment plans or to protect sensitive customer
information, increases in rates, negative media coverage, or
concerns about environmental, social, and/or governance
practices;
- the impact of adopting new accounting guidance;
- the effects of strategic initiatives, including mergers,
acquisitions, and divestitures;
- legal and administrative proceedings;
- the impacts of the Russian invasion of Ukraine, related sanctions imposed by the U.S.
and other governments, and any broadening of the conflict,
including potential impacts on the cost and availability of fuel,
natural gas, enriched uranium, or other commodities, materials, or
services, the inability of our counterparties to perform their
obligations, disruptions in the capital and credit markets, and
other impacts on business, economic, and geopolitical conditions,
including inflation; and
- acts of sabotage, war, terrorism, or other intentionally
disruptive acts.
New factors emerge from time to time, and it is not possible for
management to predict all of such factors, nor can it assess the
impact of each such factor on the business or the extent to which
any factor, or combination of factors, may cause actual results to
differ materially from those contained or implied in any
forward-looking statement. Given these uncertainties, undue
reliance should not be placed on these forward-looking statements.
Except to the extent required by the federal securities laws, we
undertake no obligation to update or revise publicly any
forward-looking statements to reflect new information or future
events.
AMEREN CORPORATION
(AEE) CONSOLIDATED STATEMENT OF INCOME (Unaudited,
in millions, except per share amounts)
|
|
|
Three Months
Ended
June 30,
|
|
Six Months
Ended
June 30,
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
Operating
Revenues:
|
|
|
|
|
|
|
|
Electric
|
$
1,513
|
|
$
1,284
|
|
$
2,831
|
|
$
2,440
|
Natural gas
|
213
|
|
188
|
|
774
|
|
598
|
Total operating
revenues
|
1,726
|
|
1,472
|
|
3,605
|
|
3,038
|
Operating
Expenses:
|
|
|
|
|
|
|
|
Fuel
|
83
|
|
173
|
|
259
|
|
238
|
Purchased
power
|
318
|
|
129
|
|
495
|
|
320
|
Natural gas purchased
for resale
|
80
|
|
65
|
|
373
|
|
230
|
Other operations and
maintenance
|
491
|
|
412
|
|
952
|
|
832
|
Depreciation and
amortization
|
316
|
|
285
|
|
615
|
|
566
|
Taxes other than
income taxes
|
129
|
|
122
|
|
271
|
|
250
|
Total operating
expenses
|
1,417
|
|
1,186
|
|
2,965
|
|
2,436
|
Operating
Income
|
309
|
|
286
|
|
640
|
|
602
|
Other Income,
Net
|
62
|
|
49
|
|
122
|
|
95
|
Interest
Charges
|
126
|
|
96
|
|
230
|
|
196
|
Income Before
Income Taxes
|
245
|
|
239
|
|
532
|
|
501
|
Income
Taxes
|
36
|
|
31
|
|
70
|
|
58
|
Net
Income
|
209
|
|
208
|
|
462
|
|
443
|
Less: Net Income
Attributable to Noncontrolling Interests
|
2
|
|
1
|
|
3
|
|
3
|
Net Income
Attributable to Ameren Common Shareholders
|
$
207
|
|
$
207
|
|
$
459
|
|
$
440
|
|
|
|
|
|
|
|
|
Earnings per Common
Share – Basic
|
$
0.80
|
|
$
0.81
|
|
$
1.78
|
|
$
1.72
|
|
|
|
|
|
|
|
|
Earnings per Common
Share – Diluted
|
$
0.80
|
|
$
0.80
|
|
$
1.77
|
|
$
1.71
|
|
|
|
|
|
|
|
|
Weighted-average
Common Shares Outstanding – Basic
|
258.2
|
|
256.1
|
|
258.0
|
|
255.2
|
Weighted-average
Common Shares Outstanding – Diluted
|
259.4
|
|
257.2
|
|
259.2
|
|
256.5
|
AMEREN CORPORATION
(AEE) CONSOLIDATED BALANCE SHEET (Unaudited, in
millions)
|
|
|
June 30,
2022
|
|
December 31,
2021
|
ASSETS
|
|
|
|
Current
Assets:
|
|
|
|
Cash and cash
equivalents
|
$
7
|
|
$
8
|
Accounts receivable -
trade (less allowance for doubtful accounts)
|
519
|
|
434
|
Unbilled
revenue
|
400
|
|
301
|
Miscellaneous accounts
receivable
|
81
|
|
85
|
Inventories
|
600
|
|
592
|
Mark-to-market
derivative assets
|
157
|
|
66
|
Current regulatory
assets
|
333
|
|
319
|
Current collateral
assets
|
222
|
|
66
|
Other current
assets
|
77
|
|
97
|
Total current
assets
|
2,396
|
|
1,968
|
Property, Plant, and
Equipment, Net
|
30,086
|
|
29,261
|
Investments and
Other Assets:
|
|
|
|
Nuclear
decommissioning trust fund
|
957
|
|
1,159
|
Goodwill
|
411
|
|
411
|
Regulatory
assets
|
1,487
|
|
1,289
|
Pension and other
postretirement benefits
|
808
|
|
756
|
Other
assets
|
963
|
|
891
|
Total investments and
other assets
|
4,626
|
|
4,506
|
TOTAL
ASSETS
|
$
37,108
|
|
$
35,735
|
LIABILITIES AND
EQUITY
|
|
|
|
Current
Liabilities:
|
|
|
|
Current maturities of
long-term debt
|
$
605
|
|
$
505
|
Short-term
debt
|
1,021
|
|
545
|
Accounts and wages
payable
|
897
|
|
1,095
|
Current regulatory
liabilities
|
241
|
|
113
|
Other current
liabilities
|
824
|
|
568
|
Total current
liabilities
|
3,588
|
|
2,826
|
Long-term Debt,
Net
|
12,985
|
|
12,562
|
Deferred Credits and
Other Liabilities:
|
|
|
|
Accumulated deferred
income taxes and tax credits, net
|
3,614
|
|
3,499
|
Regulatory
liabilities
|
5,727
|
|
5,848
|
Asset retirement
obligations
|
774
|
|
757
|
Other deferred credits
and liabilities
|
411
|
|
414
|
Total deferred credits
and other liabilities
|
10,526
|
|
10,518
|
Shareholders'
Equity:
|
|
|
|
Common
stock
|
3
|
|
3
|
Other paid-in capital,
principally premium on common stock
|
6,527
|
|
6,502
|
Retained
earnings
|
3,336
|
|
3,182
|
Accumulated other
comprehensive income
|
14
|
|
13
|
Total shareholders'
equity
|
9,880
|
|
9,700
|
Noncontrolling
Interests
|
129
|
|
129
|
Total
equity
|
10,009
|
|
9,829
|
TOTAL LIABILITIES
AND EQUITY
|
$
37,108
|
|
$
35,735
|
AMEREN CORPORATION
(AEE) CONDENSED CONSOLIDATED STATEMENT OF CASH
FLOWS (Unaudited, in millions)
|
|
|
Six Months Ended
June 30,
|
|
2022
|
|
2021
|
Cash Flows From
Operating Activities:
|
|
|
|
Net income
|
$
462
|
|
$
443
|
Adjustments to
reconcile net income to net cash provided by operating
activities:
|
|
|
|
Depreciation and
amortization
|
665
|
|
596
|
Amortization of
nuclear fuel
|
28
|
|
20
|
Amortization of debt
issuance costs and premium/discounts
|
12
|
|
11
|
Deferred income taxes
and investment tax credits, net
|
66
|
|
59
|
Allowance for equity
funds used during construction
|
(19)
|
|
(16)
|
Stock-based
compensation costs
|
12
|
|
11
|
Other
|
33
|
|
2
|
Changes in assets and
liabilities
|
(387)
|
|
(690)
|
Net cash provided by
operating activities
|
872
|
|
436
|
Cash Flows From
Investing Activities:
|
|
|
|
Capital
expenditures
|
(1,538)
|
|
(1,763)
|
Nuclear fuel
expenditures
|
(22)
|
|
(4)
|
Purchases of
securities – nuclear decommissioning trust fund
|
(122)
|
|
(203)
|
Sales and maturities
of securities – nuclear decommissioning trust fund
|
114
|
|
208
|
Other
|
16
|
|
2
|
Net cash used in
investing activities
|
(1,552)
|
|
(1,760)
|
Cash Flows From
Financing Activities:
|
|
|
|
Dividends on common
stock
|
(305)
|
|
(282)
|
Dividends paid to
noncontrolling interest holders
|
(3)
|
|
(3)
|
Short-term debt,
net
|
475
|
|
(59)
|
Issuances of long-term
debt
|
524
|
|
1,423
|
Issuances of common
stock
|
17
|
|
258
|
Redemptions of Ameren
Illinois preferred stock
|
—
|
|
(13)
|
Employee payroll taxes
related to stock-based compensation
|
(16)
|
|
(17)
|
Debt issuance
costs
|
(6)
|
|
(13)
|
Other
|
—
|
|
(4)
|
Net cash provided by
financing activities
|
686
|
|
1,290
|
Net change in cash,
cash equivalents, and restricted cash
|
6
|
|
(34)
|
Cash, cash
equivalents, and restricted cash at beginning of
year
|
155
|
|
301
|
Cash, cash
equivalents, and restricted cash at end of period
|
$
161
|
|
$
267
|
AMEREN CORPORATION
(AEE) OPERATING STATISTICS
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
June 30,
|
|
June 30,
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
Electric Sales -
kilowatthours (in millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
|
|
|
|
|
|
|
Residential
|
3,055
|
|
2,851
|
|
6,908
|
|
6,681
|
Commercial
|
3,381
|
|
3,269
|
|
6,748
|
|
6,594
|
Industrial
|
1,037
|
|
1,044
|
|
2,011
|
|
2,018
|
Street lighting and
public authority
|
16
|
|
18
|
|
37
|
|
40
|
Ameren Missouri retail
load subtotal
|
7,489
|
|
7,182
|
|
15,704
|
|
15,333
|
Off-system
|
1,660
|
|
1,512
|
|
4,569
|
|
2,403
|
Ameren Missouri
total
|
9,149
|
|
8,694
|
|
20,273
|
|
17,736
|
Ameren Illinois
Electric Distribution
|
|
|
|
|
|
|
|
Residential
|
2,713
|
|
2,547
|
|
5,828
|
|
5,610
|
Commercial
|
2,844
|
|
2,760
|
|
5,706
|
|
5,604
|
Industrial
|
2,756
|
|
2,782
|
|
5,423
|
|
5,407
|
Street lighting and
public authority
|
99
|
|
99
|
|
213
|
|
221
|
Ameren Illinois
Electric Distribution total
|
8,412
|
|
8,188
|
|
17,170
|
|
16,842
|
Eliminate affiliate
sales
|
(18)
|
|
(103)
|
|
(94)
|
|
(144)
|
Ameren
Total
|
17,543
|
|
16,779
|
|
37,349
|
|
34,434
|
Electric Revenues
(in millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
|
|
|
|
|
|
|
Residential
|
$
371
|
|
$
328
|
|
$
703
|
|
$
640
|
Commercial
|
298
|
|
271
|
|
538
|
|
487
|
Industrial
|
73
|
|
71
|
|
130
|
|
123
|
Other, including
street lighting and public authority
|
46
|
|
85
|
|
79
|
|
123
|
Ameren Missouri retail
load subtotal
|
$
788
|
|
$
755
|
|
$
1,450
|
|
$
1,373
|
Off-system
|
102
|
|
34
|
|
178
|
|
57
|
Ameren Missouri
total
|
890
|
|
789
|
|
$
1,628
|
|
$
1,430
|
Ameren Illinois
Electric Distribution
|
|
|
|
|
|
|
|
Residential
|
$
284
|
|
$
218
|
|
$
547
|
|
$
447
|
Commercial
|
180
|
|
127
|
|
338
|
|
259
|
Industrial
|
53
|
|
34
|
|
98
|
|
68
|
Other, including
street lighting and public authority
|
(13)
|
|
9
|
|
(14)
|
|
25
|
Ameren Illinois
Electric Distribution total
|
$
504
|
|
$
388
|
|
$
969
|
|
$
799
|
Ameren
Transmission
|
|
|
|
|
|
|
|
Ameren Illinois
Transmission(a)
|
$
105
|
|
$
88
|
|
$
203
|
|
$
169
|
ATXI
|
45
|
|
48
|
|
93
|
|
97
|
Ameren Transmission
total
|
$
150
|
|
$
136
|
|
$
296
|
|
$
266
|
Other and intersegment
eliminations(a)
|
(31)
|
|
(29)
|
|
(62)
|
|
(55)
|
Ameren
Total
|
$
1,513
|
|
$
1,284
|
|
$
2,831
|
|
$
2,440
|
|
|
(a)
|
Includes $24 million,
$15 million, $44 million, and $31 million, respectively, of
electric operating revenues from transmission services provided to
the Ameren Illinois Electric Distribution segment.
|
AMEREN CORPORATION
(AEE) OPERATING STATISTICS
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
June 30,
|
|
June 30,
|
|
2022
|
|
2021
|
|
2022
|
|
2021
|
Gas Sales -
dekatherms (in millions):
|
|
|
|
|
|
|
|
Ameren
Missouri
|
4
|
|
4
|
|
13
|
|
13
|
Ameren Illinois
Natural Gas
|
31
|
|
31
|
|
102
|
|
99
|
Ameren
Total
|
35
|
|
35
|
|
115
|
|
112
|
Gas Revenues (in
millions):
|
|
|
|
|
|
|
Ameren
Missouri
|
$
29
|
|
$
20
|
|
$
109
|
|
$
83
|
Ameren Illinois
Natural Gas
|
184
|
|
168
|
|
665
|
|
515
|
Ameren
Total
|
$
213
|
|
$
188
|
|
$
774
|
|
$
598
|
|
|
|
June
30,
|
|
|
|
December
31,
|
|
|
|
2022
|
|
|
|
2021
|
Common
Stock:
|
|
|
|
|
|
|
|
Shares outstanding (in
millions)
|
|
|
258.4
|
|
|
|
257.7
|
Book value per
share
|
|
|
$
38.24
|
|
|
|
$
37.64
|
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SOURCE Ameren Corporation