$AILLM

Ameren Illinois Co

CIK:0000018654|SEC Filings

Consolidated Statement of Income (Loss) and Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating Revenues:
Operating Revenues	$ 2,092	$ 2,221	$ 4,268	$ 4,318
Operating Expenses:
Fuel and purchased power	507	794	940	1,296
Natural gas purchased for resale	39	39	210	208
Other operations and maintenance	521	460	1,012	945
Depreciation and amortization	420	386	818	753
Taxes other than income taxes	146	131	297	275
Total operating expenses	1,633	1,810	3,277	3,477
Operating Income	459	411	991	841
Other Income, Net	118	96	208	181
Interest Charges	209	187	413	362
Income Before Income Taxes	368	320	786	660
Income Taxes	52	43	112	93
Net Income	316	277	674	567
Less: Net Income Attributable to Noncontrolling Interests	2	2	3	3
Preferred Stock Dividends	2	2	3	3
Net income attributable to Ameren common shareholders	314	275	671	564
Pension and other postretirement benefit plan activity, net of income taxes (benefit)	(1)	(2)	(1)	(2)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	6	(2)	4	(6)
Comprehensive Income	321	273	677	559
Less: Comprehensive Income Attributable to Noncontrolling Interests	2	2	3	3
Comprehensive Income Attributable to Ameren Common Shareholders	$ 319	$ 271	$ 674	$ 556
Earnings per Common Share - Basic	$ 1.14	$ 1.02	$ 2.43	$ 2.09
Earnings per Common Share - Basic	$ 1.13	$ 1.01	$ 2.41	$ 2.08
Weighted-average Common Shares Outstanding – Basic	276.8	270.3	276.6	270.1
Weighted-average Common Shares Outstanding – Diluted	278.7	271.6	278.6	271.5
Electric
Operating Revenues:
Operating Revenues	$ 1,887	$ 2,038	$ 3,548	$ 3,660
Natural gas
Operating Revenues:
Operating Revenues	205	183	720	658
Union Electric Company
Operating Revenues:
Operating Revenues	1,124	1,340	2,054	2,297
Operating Expenses:
Fuel and purchased power	318	614	532	944
Natural gas purchased for resale	7	9	41	39
Other operations and maintenance	282	238	546	488
Depreciation and amortization	234	209	448	403
Taxes other than income taxes	101	89	196	178
Total operating expenses	942	1,159	1,763	2,052
Operating Income	182	181	291	245
Other Income, Net	60	47	113	90
Interest Charges	83	70	165	130
Income Before Income Taxes	159	158	239	205
Income Taxes	1	7	4	11
Net Income	158	151	235	194
Preferred Stock Dividends	1	1	2	2
Net income attributable to Ameren common shareholders	157	150	233	192
Union Electric Company \| Electric
Operating Revenues:
Operating Revenues	1,094	1,315	1,945	2,208
Union Electric Company \| Natural gas
Operating Revenues:
Operating Revenues	30	25	109	89
Ameren Illinois Company
Operating Revenues:
Operating Revenues	928	843	2,127	1,943
Operating Expenses:
Purchased Power	193	183	415	358
Natural gas purchased for resale	32	30	169	169
Other operations and maintenance	248	225	480	461
Depreciation and amortization	172	163	342	322
Taxes other than income taxes	39	37	91	88
Total operating expenses	684	638	1,497	1,398
Operating Income	244	205	630	545
Other Income, Net	26	37	55	71
Interest Charges	69	63	137	125
Income Before Income Taxes	201	179	548	491
Income Taxes	53	41	144	117
Net Income	148	138	404	374
Preferred Stock Dividends	1	1	1	1
Net income attributable to Ameren common shareholders	147	137	403	373
Ameren Illinois Company \| Electric
Operating Revenues:
Operating Revenues	752	685	1,515	1,374
Ameren Illinois Company \| Natural gas
Operating Revenues:
Operating Revenues	$ 176	$ 158	$ 612	$ 569

Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities:
Net income	$ 674	$ 567
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	841	793
Amortization of nuclear fuel	43	20
Amortization of debt issuance costs and premium/discounts	10	10
Deferred income taxes and tax credits, net	127	172
Allowance for equity funds used during construction	(69)	(39)
Stock-based compensation costs	16	14
Other	(13)	10
Changes in assets and liabilities:
Receivables	(73)	(189)
Inventories	(24)	24
Accounts and wages payable	(225)	(173)
Taxes accrued	123	278
Regulatory assets and liabilities	(337)	(153)
Assets, other	(2)	(66)
Liabilities, other	149	101
Pension and other postretirement benefits	(49)	(76)
Net cash provided by operating activities	1,191	1,293
Cash Flows From Investing Activities:
Capital expenditures	(2,653)	(2,130)
Nuclear fuel expenditures	(23)	(19)
Purchases of securities – nuclear decommissioning trust fund	(168)	(244)
Sales and maturities of securities – nuclear decommissioning trust fund	158	223
Other	(20)	59
Net cash used in investing activities	(2,706)	(2,111)
Cash Flows From Financing Activities:
Dividends on common stock	(414)	(384)
Dividends paid to noncontrolling interest holders	(3)	(3)
Short-term debt, net	577	(2)
Maturities and extinguishment of long-term debt	(378)	(324)
Issuances of long-term debt	1,794	1,599
Issuances of common stock	22	25
Employee payroll taxes related to stock-based compensation	(14)	(13)
Debt issuance costs	(19)	(14)
Net cash provided by financing activities	1,565	884
Net change in cash, cash equivalents, and restricted cash	50	66
Cash, cash equivalents, and restricted cash at beginning of year	420	328
Cash, cash equivalents, and restricted cash at end of period	470	394
Union Electric Company
Cash Flows From Operating Activities:
Net income	235	194
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	470	445
Amortization of nuclear fuel	43	20
Amortization of debt issuance costs and premium/discounts	4	4
Deferred income taxes and tax credits, net	68	137
Allowance for equity funds used during construction	(53)	(23)
Other	8	5
Changes in assets and liabilities:
Receivables	(74)	(164)
Inventories	(33)	16
Accounts and wages payable	(225)	(202)
Taxes accrued	168	278
Regulatory assets and liabilities	(78)	(146)
Assets, other	(2)	(4)
Liabilities, other	80	60
Pension and other postretirement benefits	(15)	(28)
Net cash provided by operating activities	596	592
Cash Flows From Investing Activities:
Capital expenditures	(1,771)	(1,325)
Nuclear fuel expenditures	(23)	(19)
Purchases of securities – nuclear decommissioning trust fund	(168)	(244)
Sales and maturities of securities – nuclear decommissioning trust fund	158	223
Money pool advances, net	(116)
Money pool advances, net		43
Other	(19)	0
Net cash used in investing activities	(1,939)	(1,322)
Cash Flows From Financing Activities:
Dividends on common stock	0	(50)
Dividends on preferred stock	(2)	(2)
Short-term debt, net	(471)	330
Maturities and extinguishment of long-term debt	(12)	0
Issuances of long-term debt	1,395	500
Capital contributions from parent	425	0
Debt issuance costs	(14)	(4)
Net cash provided by financing activities	1,321	774
Net change in cash, cash equivalents, and restricted cash	(22)	44
Cash, cash equivalents, and restricted cash at beginning of year	68	17
Cash, cash equivalents, and restricted cash at end of period	46	61
Ameren Illinois Company
Cash Flows From Operating Activities:
Net income	404	374
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	342	320
Amortization of debt issuance costs and premium/discounts	2	2
Deferred income taxes and tax credits, net	74	56
Allowance for equity funds used during construction	(14)	(15)
Other	8	9
Changes in assets and liabilities:
Receivables	(5)	(25)
Inventories	9	8
Accounts and wages payable	24	33
Taxes accrued	0	(17)
Regulatory assets and liabilities	(259)	(11)
Assets, other	(3)	(58)
Liabilities, other	83	29
Pension and other postretirement benefits	(27)	(33)
Net cash provided by operating activities	638	672
Cash Flows From Investing Activities:
Capital expenditures	(706)	(742)
Other	(6)	(2)
Net cash used in investing activities	(712)	(744)
Cash Flows From Financing Activities:
Dividends on common stock	(265)	(75)
Dividends on preferred stock	(1)	(1)
Short-term debt, net	295	157
Money pool borrowings, net	116	(37)
Maturities and extinguishment of long-term debt	0	(300)
Issuances of long-term debt	0	350
Debt issuance costs	0	(4)
Net cash provided by financing activities	145	90
Net change in cash, cash equivalents, and restricted cash	71	18
Cash, cash equivalents, and restricted cash at beginning of year	344	302
Cash, cash equivalents, and restricted cash at end of period	$ 415	$ 320

Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 12	$ 13
Accounts receivable - trade (less allowance for doubtful accounts)	600	665
Unbilled revenue	478	415
Miscellaneous accounts receivable	199	107
Inventories	800	774
Current regulatory assets	337	387
Other current assets	218	210
Total current assets	2,644	2,571
Property, Plant, and Equipment, Net	41,372	39,313
Investments and Other Assets:
Nuclear decommissioning trust fund	1,631	1,526
Goodwill	411	411
Regulatory Asset	2,888	2,524
Pension and other postretirement benefits	973	977
Other assets	1,297	1,154
Total investments and other assets	7,200	6,592
TOTAL ASSETS	51,216	48,476
Current Liabilities:
Current maturities of long-term debt	1,524	973
Short-term debt	1,220	643
Accounts and wages payable	998	1,254
Interest accrued	246	229
Customer deposits	248	238
Other current liabilities	742	570
Total current liabilities	4,978	3,907
Long-term debt, net	19,064	18,214
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net	5,381	5,181
Regulatory liabilities	6,437	6,255
Asset retirement obligations	873	849
Other deferred credits and liabilities	667	540
Total deferred credits and other liabilities	13,358	12,825
Commitments and Contingencies
Shareholders’ Equity:
Common Stock	3	3
Other paid-in capital, principally premium on common stock	8,132	8,106
Retained earnings	5,549	5,292
Accumulated other comprehensive income	3	0
Total shareholders’ equity	13,687	13,401
Noncontrolling Interests	129	129
Total equity	13,816	13,530
TOTAL LIABILITIES AND EQUITY	51,216	48,476
Variable Interest Entity, Primary Beneficiary
Investments and Other Assets:
Regulatory Asset	432	443
Current Liabilities:
Current maturities of long-term debt	24	23
Long-term debt, net	414	426
Union Electric Company
Current Assets:
Cash and cash equivalents	0	6
Advances to money pool	116	0
Unbilled revenue	294	193
Miscellaneous accounts receivable	61	15
Inventories	527	492
Current regulatory assets	169	181
Other current assets	119	119
Total current assets	1,545	1,305
Property, Plant, and Equipment, Net	22,121	20,604
Investments and Other Assets:
Nuclear decommissioning trust fund	1,631	1,526
Regulatory Asset	1,529	1,450
Pension and other postretirement benefits	271	271
Other assets	287	244
Total investments and other assets	3,718	3,491
TOTAL ASSETS	27,384	25,400
Current Liabilities:
Current maturities of long-term debt	424	23
Short-term debt	0	471
Taxes accrued	149	34
Interest accrued	116	99
Retainage payable	114	28
Other current liabilities	166	150
Total current liabilities	1,566	1,562
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net	2,824	2,702
Regulatory liabilities	3,417	3,324
Asset retirement obligations	868	844
Other deferred credits and liabilities	296	184
Total deferred credits and other liabilities	7,405	7,054
Commitments and Contingencies
Shareholders’ Equity:
Common Stock	511	511
Other paid-in capital, principally premium on common stock	3,654	3,229
Preferred stock	80	80
Retained earnings	4,990	4,757
Total shareholders’ equity	9,235	8,577
TOTAL LIABILITIES AND EQUITY	27,384	25,400
Union Electric Company \| Variable Interest Entity, Primary Beneficiary
Investments and Other Assets:
Regulatory Asset	432	443
Current Liabilities:
Current maturities of long-term debt	24	23
Long-term debt, net	414	426
Union Electric Company \| Nonrelated Party
Current Assets:
Accounts receivable - trade (less allowance for doubtful accounts)	244	284
Current Liabilities:
Accounts and wages payable	504	696
Long-term debt, net	9,071	8,120
Union Electric Company \| Related Party
Current Assets:
Accounts receivable - trade (less allowance for doubtful accounts)	15	15
Current Liabilities:
Accounts and wages payable	93	61
Long-term debt, net	107	87
Ameren Illinois Company
Current Assets:
Cash and cash equivalents	7	3
Unbilled revenue	184	222
Miscellaneous accounts receivable	109	56
Inventories	269	278
Prepaid assets	56	68
Current regulatory assets	158	189
Other current assets	17	6
Total current assets	1,151	1,204
Property, Plant, and Equipment, Net	16,983	16,567
Investments and Other Assets:
Goodwill	411	411
Regulatory Asset	1,338	1,059
Pension and other postretirement benefits	564	570
Other assets	861	789
Total investments and other assets	3,174	2,829
TOTAL ASSETS	21,308	20,600
Current Liabilities:
Short-term debt	312	17
Borrowings from money pool	116	0
Interest accrued	68	69
Customer deposits	214	204
Current regulatory liabilities	60	132
Other current liabilities	263	227
Total current liabilities	1,492	1,101
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net	2,438	2,354
Regulatory liabilities	2,855	2,775
Other deferred credits and liabilities	281	268
Total deferred credits and other liabilities	5,574	5,397
Commitments and Contingencies
Shareholders’ Equity:
Common Stock	0	0
Other paid-in capital, principally premium on common stock	3,058	3,058
Preferred stock	49	49
Retained earnings	4,874	4,736
Total shareholders’ equity	7,981	7,843
TOTAL LIABILITIES AND EQUITY	21,308	20,600
Ameren Illinois Company \| Nonrelated Party
Current Assets:
Accounts receivable - trade (less allowance for doubtful accounts)	336	364
Current Liabilities:
Accounts and wages payable	396	395
Long-term debt, net	6,256	6,254
Ameren Illinois Company \| Related Party
Current Assets:
Accounts receivable - trade (less allowance for doubtful accounts)	15	18
Current Liabilities:
Accounts and wages payable	63	57
Long-term debt, net	$ 5	$ 5