Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

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Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES




	Page No.
(a)(1) Financial Statements
Ameren
Report of Independent Registered Public Accounting Firm	70
Consolidated Statement of Income and Comprehensive Income – Years Ended December 31, 2019, 2018, and 2017	74
Consolidated Balance Sheet – December 31, 2019 and 2018	75
Consolidated Statement of Cash Flows – Years Ended December 31, 2019, 2018, and 2017	76
Consolidated Statement of Shareholders’ Equity – Years Ended December 31, 2019, 2018, and 2017	77
Ameren Missouri
Report of Independent Registered Public Accounting Firm	72
Statement of Income – Years Ended December 31, 2019, 2018, and 2017	78
Balance Sheet – December 31, 2019 and 2018	79
Statement of Cash Flows – Years Ended December 31, 2019, 2018, and 2017	80
Statement of Shareholders’ Equity – Years Ended December 31, 2019, 2018, and 2017	81
Ameren Illinois
Report of Independent Registered Public Accounting Firm	73
Statement of Income – Years Ended December 31, 2019, 2018, and 2017	82
Balance Sheet – December 31, 2019 and 2018	83
Statement of Cash Flows – Years Ended December 31, 2019, 2018, and 2017	84
Statement of Shareholders’ Equity – Years Ended December 31, 2019, 2018, and 2017	85

(a)(2) Financial Statement Schedules
Schedule I
Condensed Financial Information of Parent – Ameren:
Condensed Statement of Income and Comprehensive Income – Years Ended December 31, 2019, 2018, and 2017	147
Condensed Balance Sheet – December 31, 2019 and 2018	148
Condensed Statement of Cash Flows – Years Ended December 31, 2019, 2018, and 2017	149
Schedule II
Ameren
Valuation and Qualifying Accounts for the years ended December 31, 2019, 2018, and 2017	151
Ameren Missouri
Valuation and Qualifying Accounts for the years ended December 31, 2019, 2018, and 2017	151
Ameren Illinois
Valuation and Qualifying Accounts for the years ended December 31, 2019, 2018, and 2017	151

Schedule I and II should be read in conjunction with the aforementioned financial statements. Certain schedules have been omitted because they are not applicable or because the required data is shown in the aforementioned financial statements.




(a)(3)	Exhibits – reference is made to the Exhibit Index	152
(b)	Exhibit Index	152



SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT AMEREN CORPORATION CONDENSED STATEMENT OF INCOME AND COMPREHENSIVE INCOME For the Years Ended December 31, 2019, 2018, and 2017
(In millions)	2019			2018			2017
Operating revenues	$	—		$	—		$	—
Operating expenses	15			11			15
Operating loss	(15		)	(11		)	(15		)
Equity in earnings of subsidiaries	850			857			659
Interest income from affiliates	5			3			9
Total other income (expense), net	(2		)	(12		)	2
Interest charges	39			34			31
Income tax (benefit)	(29		)	(12		)	101
Net Income Attributable to Ameren Common Shareholders	$	828		$	815		$	523

Net Income Attributable to Ameren Common Shareholders	$	828		$	815		$	523
Other Comprehensive Income (Loss), Net of Taxes
Pension and other postretirement benefit plan activity, net of income taxes (benefit) of $1, $(1), and $3, respectively	5			(4		)	5
Comprehensive Income Attributable to Ameren Common Shareholders	$	833		$	811		$	528



SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT AMEREN CORPORATION CONDENSED BALANCE SHEET
(In millions)	December 31, 2019			December 31, 2018
Assets:
Cash and cash equivalents	$	—		$	—
Advances to money pool	102			76
Accounts receivable – affiliates	73			43
Miscellaneous accounts and notes receivable	4			2
Other current assets	3			2
Total current assets	182			123
Investments in subsidiaries	9,108			8,559
Note receivable – ATXI	75			75
Accumulated deferred income taxes, net	49			108
Other assets	145			126
Total assets	$	9,559		$	8,991
Liabilities and Shareholders’ Equity:
Current maturities of long-term debt	$	350		$	—
Short-term debt	153			470
Borrowings from money pool	24			46
Accounts payable – affiliates	39			10
Other current liabilities	23			12
Total current liabilities	589			538
Long-term debt	794			697
Pension and other postretirement benefits	37			43
Other deferred credits and liabilities	80			82
Total liabilities	1,500			1,360
Commitments and Contingencies (Note 5)
Shareholders’ Equity:
Common stock, $.01 par value, 400.0 shares authorized – shares outstanding of 246.2 and 244.5, respectively	2			2
Other paid-in capital, principally premium on common stock	5,694			5,627
Retained earnings	2,380			2,024
Accumulated other comprehensive loss	(17		)	(22		)
Total shareholders’ equity	8,059			7,631
Total liabilities and shareholders’ equity	$	9,559		$	8,991



SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT AMEREN CORPORATION CONDENSED STATEMENT OF CASH FLOWS For the Years Ended December 31, 2019, 2018, and 2017
(In millions)	2019			2018			2017
Net cash flows provided by operating activities	$	491		$	550		$	454
Cash flows from investing activities:
Money pool advances, net	(26		)	(63		)	14
Notes receivable – ATXI, net	—			—			275
Investments in subsidiaries	(142		)	(208		)	(151		)
Other	5			5			6
Net cash flows provided by (used in) investing activities	(163		)	(266		)	144
Cash flows from financing activities:
Dividends on common stock	(472		)	(451		)	(431		)
Short-term debt, net	(317		)	87			(124		)
Money pool borrowings, net	(22		)	18			(5		)
Issuances of long-term debt	450			—			—
Issuances of common stock	68			74			—
Repurchases of common stock for stock-based compensation	—			—			(24		)
Employee payroll taxes related to stock-based compensation	(29		)	(19		)	(15		)
Debt issuance costs	(4		)	—			—
Net cash flows used in financing activities	(326		)	(291		)	(599		)
Net change in cash, cash equivalents, and restricted cash	$	2		$	(7	)	$	(1	)
Cash, cash equivalents, and restricted cash at beginning of year	1			8			9
Cash, cash equivalents, and restricted cash at end of year	$	3		$	1		$	8

Cash dividends received from consolidated subsidiaries	$	445		$	450		$	362

Noncash financing activity – Issuance of common stock for stock-based compensation	$	54		$	35		$	—

AMEREN CORPORATION (parent company only)

NOTES TO CONDENSED FINANCIAL STATEMENTS DECEMBER 31, 2019

NOTE 1 – BASIS OF PRESENTATION

Ameren Corporation (parent company only) is a public utility holding company that conducts substantially all of its business operations through its subsidiaries. Ameren Corporation (parent company only) has accounted for its subsidiaries using the equity method. These financial statements are presented on a condensed basis.

See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of this report for additional information. See Note 13 – Related-party Transactions under Part II, Item 8, of this report for information on the tax allocation agreement between Ameren Corporation (parent company only) and its subsidiaries.

NOTE 2 – CASH AND CASH EQUIVALENTS

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet as of December 31, 2019 and 2018:



	2019		2018
Cash and cash equivalents	$	—	$	—
Restricted cash included in “Other current assets”	3		1
Total cash, cash equivalents, and restricted cash	$	3	$	1

See Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of this report for additional information.

NOTE 3 – SHORT-TERM DEBT AND LIQUIDITY

Ameren, Ameren Services, and other non-state-regulated Ameren subsidiaries have the ability, subject to Ameren parent company and applicable regulatory short-term borrowing authorizations, to access funding from the Credit Agreements and the commercial paper programs

through a non-state-regulated subsidiary money pool agreement. All participants may borrow from or lend to the non-state-regulated money pool. The total amount available to pool participants from the non-state-regulated subsidiary money pool at any given time is reduced by the amount of borrowings made by participants, but is increased to the extent that the pool participants advance surplus funds to the non-state-regulated subsidiary money pool or remit funds from other external sources. The non-state-regulated subsidiary money pool was established to coordinate and to provide short-term cash and working capital for the participants. Participants receiving a loan under the non-state-regulated subsidiary money pool agreement must repay the principal amount of such loan, together with accrued interest. The rate of interest depends on the composition of internal and external funds in the non-state-regulated subsidiary money pool. Interest revenues and interest charges related to non-state-regulated money pool advances and borrowings were immaterial in 2017, 2018, and 2019.

Ameren Corporation (parent company only) had a total of $10 million in guarantees outstanding, primarily for ATXI, that were not recorded on its December 31, 2019 balance sheet. The ATXI guarantees were issued to local governments as assurance for potential remediation of damage caused by ATXI construction.

See Note 4 – Short-term Debt and Liquidity under Part II, Item 8, of this report for a description and details of short-term debt and liquidity needs of Ameren Corporation (parent company only).

NOTE 4 – LONG-TERM OBLIGATIONS

See Note 5 – Long-term Debt and Equity Financings under Part II, Item 8, of this report for additional information on Ameren Corporation’s (parent company only) long-term debt, indenture provisions, and forward sale agreement related to common stock.

NOTE 5 – COMMITMENTS AND CONTINGENCIES

See Note 14 – Commitments and Contingencies under Part II, Item 8, of this report for a description of all material contingencies of Ameren Corporation (parent company only).

NOTE 6 – OTHER INCOME (EXPENSE), NET

The following table presents the components of “Other Income (Expense), Net” in the Condensed Statement of Income and Comprehensive Income for the years ended December 31, 2019, 2018, and 2017:



	2019			2018			2017
Other Income (Expense), Net
Non-service cost components of net periodic benefit income	$	2		$	2		$	2
Charitable donations	(3		)	(13		)	—
Other expense, net	(1		)	(1		)	—
Total Other Income (Expense), Net	$	(2	)	$	(12	)	$	2

NOTE 7 – INCOME TAXES

During the year ended December 31, 2017, Ameren (parent) recorded $110 million in income tax expense and reduction in accumulated deferred income taxes as a result of the TCJA. During the year ended December 31, 2018, Ameren (parent) updated its provisional estimate and recorded $5 million of income tax expense and reduction in accumulated deferred income taxes, primarily due to the application of proposed IRS regulations on depreciation transition rules.



SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED DECEMBER 31, 2019, 2018, AND 2017
(in millions)
Column A	Column B		Column C						Column D		Column E
Description	Balance at Beginning of Period		(1) Charged to Costs and Expenses				(2) Charged to Other Accounts(a)		Deductions(b)		Balance at End of Period
Ameren:
Deducted from assets – allowance for doubtful accounts:
2019	$	18	$	26			$	4	$	31	$	17
2018	19		27				4		32		18
2017	19		26				7		33		19
Deferred tax valuation allowance:
2019	$	5	$	(2	)		$	—	$	—	$	3
2018	5		—				—		—		5
2017	11		(6		)	(c)	—		—		5
Ameren Missouri:
Deducted from assets – allowance for doubtful accounts:
2019	$	7	$	9			$	—	$	9	$	7
2018	7		9				—		9		7
2017	7		9				—		9		7
Ameren Illinois:
Deducted from assets – allowance for doubtful accounts:
2019	$	11	$	17			$	4	$	22	$	10
2018	12		18				4		23		11
2017	12		17				7		24		12


(a)	Amounts associated with the allowance for doubtful accounts relate to the uncollectible account reserve associated with receivables purchased by Ameren Illinois from alternative retail electric suppliers, as required by the Illinois Public Utilities Act.


(b)	Uncollectible accounts charged off, less recoveries.


(c)	Includes an adjustment of $3 million to Ameren (parent)’s valuation allowance for certain deferred tax assets existing at December 31, 2017, for the reduction in the income tax rate.

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