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Supplemental Information | 9 Months Ended
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Sep. 30, 2022
Supplemental Information [Abstract] |
Supplemental Information | SUPPLEMENTAL INFORMATION Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheets and the statements of cash flows at September 30, 2022, and December 31, 2021:
| September 30, 2022 |  |  | December 31, 2021
Ameren |  | Ameren Missouri |  | Ameren Illinois |  |  | Ameren |  | Ameren Missouri |  | Ameren Illinois
“Cash and cash equivalents” | $ | 7 |  |  | $ | — |  |  | $ | — |  |  |  | $ | 8 |  |  | $ | — |  |  | $ | — |
Restricted cash included in “Other current assets” | 7 |  |  | 3 |  |  | 4 |  |  |  | 16 |  |  | 4 |  |  | 6 |
Restricted cash included in “Other assets” | 162 |  |  | — |  |  | 162 |  |  |  | 127 |  |  | — |  |  | 127 |
Restricted cash included in “Nuclear decommissioning trust fund” | 4 |  |  | 4 |  |  | — |  |  |  | 4 |  |  | 4 |  |  | — |
Total cash, cash equivalents, and restricted cash | $ | 180 |  |  | $ | 7 |  |  | $ | 166 |  |  |  | $ | 155 |  |  | $ | 8 |  |  | $ | 133 |
Restricted cash included in “Other current assets” primarily represents funds held by an irrevocable Voluntary Employee Beneficiary Association (VEBA) trust, which provides health care benefits for active employees. Restricted cash included in “Other assets” on Ameren’s and Ameren Illinois’ balance sheets primarily represents amounts collected under a cost recovery rider restricted for use in the procurement of renewable energy credits and amounts in a trust fund restricted for the use of funding certain asbestos-related claims. Accounts Receivable “Accounts receivable – trade” on Ameren’s and Ameren Illinois’ balance sheets include certain receivables purchased at a discount from alternative retail electric suppliers that elect to participate in the utility consolidated billing program. At September 30, 2022, and December 31, 2021, “Other current liabilities” on Ameren’s and Ameren Illinois’ balance sheets included payables for purchased receivables of $32 million and $27 million, respectively. The following table provides a reconciliation of the beginning and ending amount of the allowance for doubtful accounts for the three and nine months ended September 30, 2022 and 2021:
| Three Months |  | Nine Months
| 2022 |  | 2021 |  |  | 2022 |  | 2021 |
Ameren: |  |  |  |  |  |  |  |  |
Beginning of period | $ | 30 |  |  | $ | 42 |  |  |  | $ | 29 |  |  | $ | 50 |  |
Bad debt expense | 15 |  |  | 7 |  |  |  | 26 |  |  | 8 |  |
Net write-offs | (14) |  |  | (13) |  |  |  | (24) |  |  | (22) |  |
End of period | $ | 31 |  |  | $ | 36 |  |  |  | $ | 31 |  |  | $ | 36 |  |
Ameren Missouri: |  |  |  |  |  |  |  |  |
Beginning of period | $ | 12 |  |  | $ | 16 |  |  |  | $ | 13 |  |  | $ | 16 |  |
Bad debt expense | 3 |  |  | 2 |  |  |  | 6 |  |  | 5 |  |
Net write-offs | (3) |  |  | (4) |  |  |  | (7) |  |  | (7) |  |
End of period | $ | 12 |  |  | $ | 14 |  |  |  | $ | 12 |  |  | $ | 14 |  |
Ameren Illinois:(a) |  |  |  |  |  |  |  |  |
Beginning of period | $ | 18 |  |  | $ | 26 |  |  |  | $ | 16 |  |  | $ | 34 |  |
Bad debt expense | 12 |  |  | 5 |  |  |  | 20 |  |  | 3 |  | (b)
Net write-offs | (11) |  |  | (9) |  |  |  | (17) |  |  | (15) |  |
End of period | $ | 19 |  |  | $ | 22 |  |  |  | $ | 19 |  |  | $ | 22 |  |
(a)Ameren Illinois has rate-adjustment mechanisms that allow it to recover the difference between its actual net bad debt write-offs under GAAP, including those associated with receivables purchased from alternative retail electric suppliers, and the amount of net bad debt write-offs included in its base rates. (b)In the nine months ended September 30, 2021, Ameren Illinois’ bad debt expense was reduced as a result of state funding received for customer bill assistance. As of September 30, 2022, accounts receivable balances that were 30 days or greater past due or that were a part of a deferred payment arrangement represented 17%, 12%, and 21%, or $117 million, $39 million, and $78 million, of Ameren’s, Ameren Missouri’s, and Ameren Illinois’ customer trade receivables before allowance for doubtful accounts, respectively. In comparison, as of September 30, 2021, these percentages were 18%, 12%, and 25%, or $97 million, $33 million, and $64 million, for Ameren, Ameren Missouri, and Ameren Illinois, respectively. Supplemental Cash Flow Information Capital expenditures for the nine months ended September 30, 2021, at Ameren and Ameren Missouri included wind generation expenditures of $515 million. The following table provides noncash financing and investing activity excluded from the statements of cash flows for the nine months ended September 30, 2022 and 2021:
| September 30, 2022 |  | September 30, 2021
Ameren | Ameren Missouri |  | Ameren Illinois | Ameren | Ameren Missouri | Ameren Illinois
Investing |  |  |  |  |  |  |  |
Accrued capital expenditures | $ | 367 |  | $ | 187 |  |  | $ | 180 |  |  | $ | 396 |  | $ | 209 |  | $ | 182 |
Net realized and unrealized gain/(loss) – nuclear decommissioning trust fund | (262) |  | (262) |  |  | — |  |  | 85 |  | 85 |  | — |
Financing |  |  |  |  |  |  |  |
Issuance of common stock for stock-based compensation | $ | 31 |  | $ | — |  |  | $ | — |  |  | $ | 33 |  | $ | — |  | $ | — |
Issuance of common stock under the DRPlus | 8 |  | — |  |  | — |  |  | — |  | — |  | — |
Asset Retirement Obligations The following table provides a reconciliation of the beginning and ending carrying amount of AROs for the nine months ended September 30, 2022:
| Ameren Missouri |  | Ameren Illinois |  |  |  | Ameren |
Balance at December 31, 2021 | $ | 760 |  | (a) | $ | 4 |  |  |  | (b) | $ | 764 |  | (a)
Liabilities incurred | 1 |  |  | — |  |  |  |  | 1 |  |
Liabilities settled | (3) |  |  | — |  |  |  |  | (3) |  |
Accretion | 23 |  | (c) | — |  |  |  |  | 23 |  | (c)
Change in estimates | (7) |  |  | — |  |  |  |  | (7) |  |
Balance at September 30, 2022 | $ | 774 |  | (a) | $ | 4 |  |  |  | (b) | $ | 778 |  | (a)
(a)Balance included $7 million in “Other current liabilities” on the balance sheet as of both September 30, 2022, and December 31, 2021. (b)Included in “Other deferred credits and liabilities” on the balance sheet. (c)Accretion expense attributable to Ameren Missouri was recorded as a decrease to regulatory liabilities. Stock-based Compensation Ameren’s long-term incentive plan available for eligible employees, the 2014 Omnibus Incentive Compensation Plan (2014 Plan), was replaced prospectively for new grants only by the 2022 Omnibus Incentive Compensation Plan (2022 Plan) effective May 12, 2022. The 2022 Plan provides for a maximum of 8.8 million common shares to be available for grant to eligible employees and directors, and retains many of the features of the 2014 Plan. The 2022 Plan permits the grant of restricted stock, restricted stock units, stock options (incentive stock options and nonqualified stock options), stock appreciation rights, performance awards, cash-based awards and other stock-based awards. In the first quarter of 2022 under the 2014 Plan, Ameren granted 267,849 performance share units with a grant date fair value of $25 million and 122,882 restricted share units with a grant date fair value of $11 million. Awards vest approximately 3 years after the grant date or on a pro-rata basis upon death or eligible retirement. The performance share units vest based on the achievement of certain specified market performance measures (229,566 performance share units) or clean energy transition targets (38,283 performance share units). The exact number of shares issued pursuant to a performance share unit varies from 0% to 200% of the target award, depending on actual company performance relative to the performance goals. For the nine months ended September 30, 2022 and 2021, excess tax benefits associated with the settlement of stock-based compensation awards reduced income tax expense by $5 million in both periods. Deferred Compensation At September 30, 2022, and December 31, 2021, the present value of benefits to be paid for deferred compensation obligations was $88 million and $91 million, respectively, which was primarily reflected in “Other deferred credits and liabilities” on Ameren’s consolidated balance sheet. Operating Revenues As of September 30, 2022 and 2021, our remaining performance obligations for contracts with a term greater than one year were immaterial. The Ameren Companies elected not to disclose the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied as of the end of the reporting period for contracts with an initial expected term of one year or less. See Note 14 – Segment Information for disaggregated revenue information. Excise Taxes Ameren Missouri and Ameren Illinois collect from their customers excise taxes, including municipal and state excise taxes and gross receipts taxes that are levied on the sale or distribution of natural gas and electricity. The following table presents the excise taxes recorded on a gross basis in “Operating Revenues – Electric,” “Operating Revenues – Natural gas” and “Operating Expenses – Taxes other than income taxes” on the statements of income for the three and nine months ended September 30, 2022 and 2021:
| Three Months |  | Nine Months
| 2022 |  | 2021 |  | 2022 |  | 2021
Ameren Missouri | $ | 55 |  |  | $ | 54 |  |  | $ | 128 |  |  | $ | 120 |
Ameren Illinois | 28 |  |  | 27 |  |  | 101 |  |  | 93 |
Ameren | $ | 83 |  |  | $ | 81 |  |  | $ | 229 |  |  | $ | 213 |
Earnings per Share The following table reconciles the basic weighted-average number of common shares outstanding to the diluted weighted-average number of common shares outstanding for the three and nine months ended September 30, 2022 and 2021:
| Three Months |  | Nine Months
| 2022 |  | 2021 |  | 2022 |  | 2021
Weighted-average Common Shares Outstanding – Basic | 258.4 |  |  | 257.3 |  |  | 258.2 |  |  | 255.9 |
Assumed settlement of performance share units and restricted stock units | 0.9 |  |  | 1.3 |  |  | 1.0 |  |  | 1.3 |
Dilutive effect of forward sale agreements | 0.2 |  |  | — |  |  | 0.1 |  |  | — |
Weighted-average Common Shares Outstanding – Diluted(a) | 259.5 |  |  | 258.6 |  |  | 259.3 |  |  | 257.2 |
(a)There was an immaterial number of anti-dilutive securities excluded from the earnings per diluted share calculations for the three and nine months ended September 30, 2022 and 2021.

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