Ratios Stock Price EBITDA Total Debt Valuation Price-Earnings Market to Book Enterprise/EBITDA Profitability Operating Margin Gross Profit Margin Net Profit Margin Return on Equity Financial Strength Current Ratio Book Debt-Equity Mkt Debt-Equity Interest Coverage Enterprise Value Dec-18 Dec-19 Dec-20 Dec-21 1 INSERT AMEREN INCOME STATEMENT AS ORIGINALLY REPORTED BELOW 2 Gross Profit Total Revenue 3 4 5 Cost of Revenue 6 7 Business Revenue Purchased Fuel, Power and Gas Operation Maintenance and Repairs 8 Operating Income/Expenses Depreciation, Amortization and Depletion Depreciation and Amortization Taxes Other Than Income Taxes Provisions Other Provisions 14 Total Operating Profit/Loss 15 Non-Operating Income/Expense, Total 9 10 11 12 13 2018 2019 2020 2021 2,795,000,000 2,743,000,000 2,858,000,000 2,991,000,000 6,291,000,000 5,910,000,000 5,794,000,000 6,394,000,000 6,291,000,000 5,910,000,000 5,794,000,000 6,394,000,000 3,496,000,000 3,167,000,000 -2,936,000,000 -3,403,000,000 -1,724,000,000 -1,422,000,000 -1,275,000,000 -1,629,000,000 -1,772,000,000 -1,745,000,000 -1,661,000,000 -1,774,000,000 -1,438,000,000 -1,476,000,000 -1,558,000,000 -1,658,000,000 -955,000,000 -995,000,000 -1,075,000,000 -1,146,000,000 -955,000,000 -995,000,000 -1,075,000,000 -1,146,000,000 -483,000,000 -481,000,000 -483,000,000 -512,000,000 16 Total Net Finance Income/Expense 17 Net Interest Income/Expense 1,357,000,000 1,267,000,000 1,300,000,000 1,333,000,000 -299,000,000 -251,000,000 -268,000,000 -181,000,000 -368,000,000 -348,000,000 -419,000,000 -383,000,000 -368,000,000 -348,000,000 -419,000,000 -383,000,000 18 Interest Expense Net of Capitalized Interest -401,000,000 -381,000,000 -419,000,000 -383,000,000 19 Interest Income 33,000,000 33,000,000 20 Other Income/Expense, Non-Operating 66,000,000 81,000,000 151,000,000 202,000,000 21 Irregular Income/Expense 3,000,000 22 Other Irregular Income/Expense 3,000,000 16,000,000 16,000,000 23 Impairment/Write Off/Write Down of Capital Assets 24 Pretax Income 1,058,000,000 25 Provision for Income Tax 6 Net Income before Extraordinary Items and Discontinued Operations 7 Net Income after Extraordinary Items and Discontinued Operations 8 Non-Controlling/Minority Interests 9 Net Income after Non-Controlling/Minority Interests 0 Net Income Available to Common Stockholders -237,000,000 821,000,000 821,000,000 -6,000,000 815,000,000 1,016,000,000 1,032,000,000 1,152,000,000 -182,000,000 -155,000,000 -157,000,000 834,000,000 834,000,000 -6,000,000 877,000,000 995,000,000 877,000,000 995,000,000 -6,000,000 -5,000,000 828,000,000 871,000,000 990,000,000 9 Net Income after Non-Controlling/Minority Interests 0 Net Income Available to Common Stockholders $1 Diluted Net Income Available to Common Stockholders 2 Income Statement Supplemental Section 33 45 Reported Normalized and Operating Income/Expense Supplemental Section Total Revenue as Reported, Supplemental Reported Operating Expense 6 Reported Total Operating Profit/Loss 7 Reported Normalized Income 8 Reported Effective Tax Rate 815,000,000 828,000,000 815,000,000 828,000,000 871,000,000 990,000,000 815,000,000 828,000,000 871,000,000 990,000,000 871,000,000 990,000,000 6,291,000,000 5,910,000,000 5,794,000,000 6,394,000,000 4,934,000,000 -4,643,000,000 4,494,000,000 -5,061,000,000 1,357,000,000 1,267,000,000 1,300,000,000 1,333,000,000 828,000,000 828,000,000 9 Discontinued Operations 40 Basic EPS 1 Basic EPS from Continuing Operations 42 Diluted EPS 13 Diluted EPS from Continuing Operations 4 Basic Weighted Average Shares Outstanding 5 Diluted Weighted Average Shares Outstanding 46 Total Dividend Per Share 27 Regular Dividend Per Share Calc 8 Basic EPS 9 Diluted EPS 50 Basic WASO 1 Diluted WASO 2 3.86 3.86 3.84 3.84 256,300,000 257,600,000 2.20 2.20 3.34 3.32 3.37 3.53 3.86 3.35 3.50 3.84 243,800,000 245,800,000 245,600,000 247,100,000 247,000,000 248,700,000 256,300,000 257,600,000 5 AEE balance-sheet_Annual_As_Originally_Reported 2018 Total Assets 3 Total Current Assets 2019 27,215,000,000 28,933,000,000 32,030,000,000 35,735,000,000 1,533,000,000 1,431,000,000 1,653,000,000 1,968,000,000 2020 2021 9 Cash, Cash Equivalents and Short Term Investments 16,000,000 16,000,000 , Cash and Cash Equivalents 16,000,000 16,000,000 139,000,000 139,000,000 8,000,000 8,000,000 Cash Restricted or Pledged, Current , Inventories B Raw Materials, Consumables and Supplies 134,000,000 483,000,000 483,000,000 69,000,000 494,000,000 494,000,000 109,000,000 319,000,000 521,000,000 521,000,000 592,000,000 592,000,000 4 Other Inventories 5 Trade and Other Receivables, Current 5 Trade/Accounts Receivable, Current 7 Gross Trade/Accounts Receivable, Current B Allowance/Adjustments for Trade/Accounts Receivable, Current -18,000,000 837,000,000 734,000,000 749,000,000 820,000,000 463,000,000 393,000,000 415,000,000 434,000,000 481,000,000 410,000,000 465,000,000 463,000,000 -17,000,000 -50,000,000 -29,000,000 9 Accrued Income/Unbilled Revenue/Cost in Excess of Billings, Current 295,000,000 , Other Receivables, Current , Assets Held for Sale/Discontinued Operations, Current 3 4 5 5 7 3 Other Current Assets Deferred Tax Assets, Current Derivative Investment and Hedging Assets, Current Total Non-Current Assets Net Property, Plant and Equipment Gross Property, Plant and Equipment Machinery, Furniture and Equipment Plant and Machinery Utility Plant Electric Utility Plant Natural Gas Utility Plant Construction in Progress and Advance Payments Other Property, Plant and Equipment Accumulated Depreciation and Impairment Accumulated Depreciation Accumulated Depreciation of Utility Plant 25,682,000,000 27,502,000,000 30,377,000,000 33,767,000,000 22,810,000,000 24,376,000,000 26,807,000,000 29,261,000,000 35,083,000,000 37,382,000,000 40,580,000,000 43,475,000,000 604,000,000 604,000,000 31,901,000,000 34,250,000,000 37,014,000,000 38,593,000,000 28,700,000,000 30,698,000,000 33,145,000,000 34,400,000,000 3,201,000,000 3,552,000,000 3,869,000,000 4,193,000,000 1,081,000,000 861,000,000 1,269,000,000 2,101,000,000 2,705,000,000 3,009,000,000 730,000,000 2,402,000,000 12,273,000,000 -13,006,000,000 -13,773,000,000 -14,214,000,000 12,273,000,000 -13,006,000,000 -13,773,000,000 -14,214,000,000 79,000,000 63,000,000 278,000,000 63,000,000 118,000,000 269,000,000 301,000,000 65,000,000 85,000,000 135,000,000 229,000,000 For each of the four years of statements, compute the following ratios for each firm: Valuation Ratios Price-earnings ratio (for EPS use diluted EPS total) Market-to-book ratio Enterprise value-to-EBITDA (For debt, include long-term and short-term debt; for cash, include marketable securities.) Profitability Ratios Operating margin Net profit margin Return on equity Financial Strength Ratios Current ratio Book debt-equity ratio Market debt-equity ratio Interest coverage ratio (EBIT interest expense)