XML 84 R11.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statement Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows From Operating Activities:      
Net income $ 1,461 $ 1,187 $ 1,157
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,612 1,524 1,432
Amortization of nuclear fuel 56 81 68
Amortization of debt issuance costs and premium/discounts 19 19 16
Deferred income taxes and production and investment tax credits, net 253 127 229
Allowance for equity funds used during construction 88 76 54
Stock-based compensation costs 28 28 26
Other 63 87 16
Changes in assets and liabilities:      
Receivables (272) (91) 144
Inventories (12) (31) (67)
Accounts and wages payable 42 4 (104)
Taxes accrued 190 34 (4)
Regulatory assets and liabilities 65 99 (165)
Assets, other (36) (34) (109)
Liabilities, other 104 22 115
Pension and other postretirement benefits (152) (216) (283)
Counterparty collateral, net 20 (1) 147
Net cash provided by operating activities 3,353 2,763 2,564
Cash Flows From Investing Activities:      
Capital expenditures (4,128) (4,319) (3,597)
Nuclear fuel expenditures (46) (91) (174)
Purchases of securities – nuclear decommissioning trust fund (440) (584) (266)
Proceeds from sales and maturities 416 564 240
Other 53 (26) (1)
Net cash used in investing activities (4,145) (4,456) (3,798)
Cash Flows From Financing Activities:      
Dividends on common stock (768) (714) (662)
Dividends paid to noncontrolling interest holders (5) (5) (5)
Short-term debt, net (499) 607 (533)
Maturities and extinguishment of long-term debt (341) (893) (100)
Issuances of long-term debt 1,960 2,535 2,295
Issuances of common stock 574 273 346
Employee payroll taxes related to stock-based compensation (13) (8) (20)
Debt issuance costs (24) (31) (21)
Other 0 (15) (10)
Net cash provided by financing activities 884 1,749 1,290
Net change in cash, cash equivalents, and restricted cash 92 56 56
Cash, cash equivalents, and restricted cash at beginning of year 328 272 216
Cash Paid (Refunded) During the Year:      
Interest (net of amounts capitalized, respectively) 755 611 546
Income Taxes Paid, Net (312) (92) (24)
Ameren Missouri      
Cash Flows From Operating Activities:      
Net Income Attributable to Ameren Common Shareholders 750 562 548
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 903 851 827
Amortization of nuclear fuel 56 81 68
Amortization of debt issuance costs and premium/discounts 9 7 7
Deferred income taxes and production and investment tax credits, net 185 (29) 28
Allowance for equity funds used during construction 56 58 30
Other 24 74 (8)
Changes in assets and liabilities:      
Receivables (98) (26) 39
Inventories 22 (6) (74)
Accounts and wages payable 10 17 (8)
Taxes accrued 215 60 (17)
Regulatory assets and liabilities (213) 51 (7)
Assets, other 18 0 (25)
Liabilities, other 27 18 3
Pension and other postretirement benefits (56) (76) (106)
Counterparty collateral, net 7 (3) 96
Net cash provided by operating activities 1,803 1,523 1,341
Cash Flows From Investing Activities:      
Capital expenditures (2,502) (2,712) (1,760)
Nuclear fuel expenditures (46) (91) (174)
Purchases of securities – nuclear decommissioning trust fund (440) (584) (266)
Proceeds from sales and maturities 416 564 240
Money pool advances, net 43    
Money pool advances, net   (43) 0
Other 0 (32) 0
Net cash used in investing activities (2,529) (2,898) (1,960)
Cash Flows From Financing Activities:      
Dividends on common stock (196) 0 (9)
Dividends on preferred stock (3) (3) (3)
Short-term debt, net 471 (170) (159)
Money pool borrowings, net 0 (306) 306
Maturities and extinguishment of long-term debt (17) (350) 0
Issuances of long-term debt 500 1,771 499
Debt issuance costs (6) (21) (8)
Capital contribution from parent 28 476 0
Other 0 (15) (10)
Net cash provided by financing activities 777 1,382 616
Net change in cash, cash equivalents, and restricted cash 51 7 (3)
Cash, cash equivalents, and restricted cash at beginning of year 17 10 13
Cash Paid (Refunded) During the Year:      
Interest (net of amounts capitalized, respectively) 312 244 225
Income Taxes Paid, Net (359) (136) (19)
Ameren Illinois      
Cash Flows From Operating Activities:      
Net Income Attributable to Ameren Common Shareholders 737 622 609
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 652 619 557
Amortization of debt issuance costs and premium/discounts 6 6 5
Deferred income taxes and production and investment tax credits, net 70 188 177
Allowance for equity funds used during construction 30 17 19
Other 45 41 40
Changes in assets and liabilities:      
Receivables (168) (70) 129
Inventories (35) (21) 7
Accounts and wages payable 30 1 (107)
Taxes accrued (33) 55 (73)
Regulatory assets and liabilities 270 53 (152)
Assets, other (53) (33) (123)
Liabilities, other 62 2 106
Pension and other postretirement benefits (67) (88) (112)
Counterparty collateral, net 12 11 54
Net cash provided by operating activities 1,498 1,369 1,098
Cash Flows From Investing Activities:      
Capital expenditures (1,481) (1,467) (1,731)
Other (3) 1 (2)
Net cash used in investing activities (1,484) (1,466) (1,733)
Cash Flows From Financing Activities:      
Dividends on common stock (265) (110) (41)
Dividends on preferred stock (2) (2) (2)
Short-term debt, net (71) (277) 102
Money pool borrowings, net (37) (98) 135
Maturities and extinguishment of long-term debt (300) 0 (100)
Issuances of long-term debt 711 624 498
Debt issuance costs (10) (8) (5)
Capital contribution from parent 2 36 91
Net cash provided by financing activities 28 165 678
Net change in cash, cash equivalents, and restricted cash 42 68 43
Cash, cash equivalents, and restricted cash at beginning of year 302 234 191
Cash Paid (Refunded) During the Year:      
Interest (net of amounts capitalized, respectively) 242 213 195
Income Taxes Paid, Net $ 118 $ (46) $ 102