AMEREN CORP
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
AEE$114.02+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Union Electric
CONSOLIDATED STATEMENT OF INCOME
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Revenues: | |||
| Electric | $3,847 | $3,694 | $3,849 |
| Natural gas | 146 | 165 | 197 |
| Total operating revenues | 3,993 | 3,859 | 4,046 |
| Operating Expenses: | |||
| Fuel and purchased power | 1,071 | 997 | 1,150 |
| Natural gas purchased for resale | 60 | 79 | 104 |
| Other operations and maintenance | 1,050 | 1,003 | 1,028 |
| Depreciation and amortization | 917 | 783 | 732 |
| Taxes other than income taxes | 372 | 360 | 363 |
| Total operating expenses | 3,470 | 3,222 | 3,377 |
| Operating Income | 523 | 637 | 669 |
| Other Income, Net | 196 | 130 | 99 |
| Interest Charges | 244 | 227 | 213 |
| Income Before Income Taxes | 475 | 540 | 555 |
| Income Taxes (Benefit) | (87) | (8) | (10) |
| Net Income | 562 | 548 | 565 |
| Preferred Stock Dividends | 3 | 3 | 3 |
| Net Income Attributable to Ameren Common Shareholders | $559 | $545 | $562 |
CONSOLIDATED BALANCE SHEET
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $— | $— |
| Advances to money pool | 43 | — |
| Accounts receivable – trade (less allowance for doubtful accounts of $12 and $12, respectively) | 209 | 204 |
| Accounts receivable – affiliates | 40 | 72 |
| Unbilled revenue | 170 | 163 |
| Miscellaneous accounts receivable | 33 | 26 |
| Inventories | 514 | 508 |
| Current regulatory assets | 66 | 101 |
| Other current assets | 70 | 68 |
| Total current assets | 1,145 | 1,142 |
| Property, Plant, and Equipment, Net | 18,788 | 17,250 |
| Investments and Other Assets: | ||
| Nuclear decommissioning trust fund | 1,342 | 1,150 |
| Regulatory assets (includes $465 and $— at 2024 and 2023 related to VIEs, respectively) | 1,366 | 755 |
| Pension and other postretirement benefits | 211 | 157 |
| Other assets | 254 | 152 |
| Total investments and other assets | 3,173 | 2,214 |
| TOTAL ASSETS | $23,106 | $20,606 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Current maturities of long-term debt (includes $17 and $— at 2024 and 2023 related to VIEs, respectively) | $17 | $350 |
| Short-term debt | — | 170 |
| Borrowings from money pool | — | 306 |
| Accounts and wages payable | 629 | 618 |
| Accounts payable – affiliates | 50 | 53 |
| Interest accrued | 88 | 69 |
| Other current liabilities | 235 | 181 |
| Total current liabilities | 1,019 | 1,747 |
| Long-term Debt, Net (includes $448 and $— at 2024 and 2023 related to VIEs, respectively) | 7,671 | 5,991 |
| Long-term Debt, Net – Related Parties | 57 | — |
| Deferred Credits and Other Liabilities: | ||
| Accumulated deferred income taxes and production and investment tax credits, net | 2,217 | 2,122 |
| Regulatory liabilities | 3,176 | 2,959 |
| Asset retirement obligations | 818 | 768 |
| Other deferred credits and liabilities | 150 | 56 |
| Total deferred credits and other liabilities | 6,361 | 5,905 |
| Commitments and Contingencies (Notes 2, 9, 13, and 14) | ||
| Shareholders’ Equity: | ||
| Common stock, $5 par value, 150.0 shares authorized – 102.1 shares outstanding | 511 | 511 |
| Other paid-in capital, principally premium on common stock | 3,201 | 2,725 |
| Preferred stock | 80 | 80 |
| Retained earnings | 4,206 | 3,647 |
| Total shareholders’ equity | 7,998 | 6,963 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $23,106 | $20,606 |
CONSOLIDATED STATEMENT OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash Flows From Operating Activities: | |||
| Net income | $562 | $548 | $565 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 851 | 827 | 816 |
| Amortization of nuclear fuel | 81 | 68 | 65 |
| Amortization of debt issuance costs and premium/discounts | 7 | 7 | 7 |
| Deferred income taxes and production and investment tax credits, net | (29) | 28 | 21 |
| Allowance for equity funds used during construction | (58) | (30) | (24) |
| Other | 74 | (8) | 14 |
| Changes in assets and liabilities: | |||
| Receivables | (26) | 39 | (68) |
| Inventories | (6) | (74) | (15) |
| Accounts and wages payable | 17 | (8) | 19 |
| Taxes accrued | 60 | (17) | (21) |
| Regulatory assets and liabilities | 51 | (7) | (206) |
| Assets, other | — | (25) | 1 |
| Liabilities, other | 18 | 3 | 7 |
| Pension and other postretirement benefits | (76) | (106) | (16) |
| Counterparty collateral, net | (3) | 96 | (35) |
| Net cash provided by operating activities | 1,523 | 1,341 | 1,130 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (2,712) | (1,760) | (1,690) |
| Nuclear fuel expenditures | (91) | (174) | (29) |
| Purchases of securities – nuclear decommissioning trust fund | (584) | (266) | (229) |
| Sales and maturities of securities – nuclear decommissioning trust fund | 564 | 240 | 216 |
| Money pool advances, net | (43) | — | — |
| Other | (32) | — | 29 |
| Net cash used in investing activities | (2,898) | (1,960) | (1,703) |
| Cash Flows From Financing Activities: | |||
| Dividends on common stock | — | (9) | (46) |
| Dividends on preferred stock | (3) | (3) | (3) |
| Short-term debt, net | (170) | (159) | 164 |
| Money pool borrowings, net | (306) | 306 | — |
| Maturities of long-term debt | (350) | — | (55) |
| Issuances of long-term debt | 1,771 | 499 | 524 |
| Debt issuance costs | (21) | (8) | (6) |
| Capital contribution from parent | 476 | — | — |
| Other | (15) | (10) | — |
| Net cash provided by financing activities | 1,382 | 616 | 578 |
| Net change in cash, cash equivalents, and restricted cash | 7 | (3) | 5 |
| Cash, cash equivalents, and restricted cash at beginning of year | 10 | 13 | 8 |
| Cash, cash equivalents, and restricted cash at end of year | $17 | $10 | $13 |
| Cash Paid (Refunded) During the Year: | |||
| Interest (net of $39, $27, and $13 capitalized, respectively) | $244 | $225 | $230 |
| Income taxes, net (includes production and investment tax credit sale proceeds of $95, $49, and $–, respectively) | (136) | (19) | (20) |
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
| December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Common Stock | $511 | $511 | $511 |
| Other Paid-in Capital: | |||
| Beginning of year | 2,725 | 2,725 | 2,725 |
| Capital contribution from parent | 476 | — | — |
| Other paid-in capital, end of year | 3,201 | 2,725 | 2,725 |
| Preferred Stock | 80 | 80 | 80 |
| Retained Earnings: | |||
| Beginning of year | 3,647 | 3,111 | 2,595 |
| Net income | 562 | 548 | 565 |
| Dividends on common stock | — | (9) | (46) |
| Dividends on preferred stock | (3) | (3) | (3) |
| Retained earnings, end of year | 4,206 | 3,647 | 3,111 |
| Total Shareholders’ Equity | $7,998 | $6,963 | $6,427 |
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