Ameren Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,456	1,182	1,152	1,074	990
Depreciation & Amortization	1,668	1,381	1,288	1,279	1,152
Other Amortization	19	243	228	180	148
Stock-Based Compensation	28	28	26	24	22
Change in Accounts Receivable	-	-91	144	-317	-74
Change in Inventory	-	-31	-67	-77	-71
Change in Accounts Payable	-	4	-104	136	28
Change in Income Taxes	-	34	-4	-13	1
Change in Other Net Operating Assets	-51	-130	-295	-223	-672
Other Operating Activities	233	143	196	200	137
Operating Cash Flow	3,353	2,763	2,564	2,263	1,661
Operating Cash Flow Growth	21.35%	7.76%	13.30%	36.24%	-3.82%
Capital Expenditures	-4,128	-4,319	-3,597	-3,351	-3,479
Nuclear Fuel Expenditures	-46	-91	-174	-29	-44
Contributions to Nuclear Demissioning Trust	-440	-584	-266	-229	-452
Other Investing Activities	469	538	239	239	447
Investing Cash Flow	-4,145	-4,456	-3,798	-3,370	-3,528
Short-Term Debt Issued	-	607	-	522	55
Long-Term Debt Issued	1,960	2,535	2,295	1,467	1,997
Total Debt Issued	1,960	3,142	2,295	1,989	2,052
Short-Term Debt Repaid	-499	-	-533	-	-
Long-Term Debt Repaid	-341	-893	-100	-505	-8
Total Debt Repaid	-840	-893	-633	-505	-8
Net Debt Issued (Repaid)	1,120	2,249	1,662	1,484	2,044
Issuance of Common Stock	574	273	346	333	308
Repurchase of Common Stock	-13	-8	-20	-16	-17
Common Dividends Paid	-768	-714	-662	-610	-565
Other Financing Activities	-29	-51	-36	-23	-49
Financing Cash Flow	884	1,749	1,290	1,168	1,721
Net Cash Flow	92	56	56	61	-146
Free Cash Flow	-821	-1,647	-1,207	-1,117	-1,862
Free Cash Flow Margin	-9.33%	-22.49%	-16.73%	-14.58%	-30.43%
Free Cash Flow Per Share	-3.02	-6.16	-4.58	-4.30	-7.23
Cash Interest Paid	-	611	546	476	426
Cash Income Tax Paid	-	-92	-24	-8	-1
Levered Free Cash Flow	-1,633	-2,151	-1,159	-1,425	-1,866
Unlevered Free Cash Flow	-1,167	-1,756	-820.88	-1,142	-1,650
Change in Working Capital	-51	-214	-326	-494	-788

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.