Redemptions of Ameren Illinois preferred stock

[Table of Co](#i2c056a9f8317485ea6601862f5b0559f_7)[ntents](#i2c056a9f8317485ea6601862f5b0559f_7)AMEREN CORPORATIONCONSOLIDATED STATEMENT OF CASH FLOWS(In millions)

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | Year Ended December 31, |
|   | 2021 |  | 2020 |  | 2019 |
| Cash Flows From Operating Activities: |  |  |  |  |  |
| Net income  | $ | 995  |  |  | $ | 877  |  |  | $ | 834  |  |
|  |  |  |  |  |  |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Depreciation and amortization | 1,219  |  |  | 1,085  |  |  | 1,002  |  |
| Amortization of nuclear fuel | 58  |  |  | 68  |  |  | 79  |  |
| Amortization of debt issuance costs and premium/discounts | 23  |  |  | 22  |  |  | 19  |  |
| Deferred income taxes and investment tax credits, net | 156  |  |  | 148  |  |  | 167  |  |
| Allowance for equity funds used during construction | (43) |  |  | (32) |  |  | (28) |  |
| Stock-based compensation costs | 22  |  |  | 21  |  |  | 20  |  |
|  |  |  |  |  |  |
| Other | 19  |  |  | 22  |  |  | (14) |  |
| Changes in assets and liabilities: |  |  |  |  |  |
| Receivables | (74) |  |  | (47) |  |  | 79  |  |
| Inventories | (71) |  |  | (25) |  |  | (10) |  |
| Accounts and wages payable | 28  |  |  | 40  |  |  | (3) |  |
| Taxes accrued | 1  |  |  | 34  |  |  | (8) |  |
| Regulatory assets and liabilities | (439) |  |  | (254) |  |  | 164  |  |
| Assets, other | (126) |  |  | (83) |  |  | (59) |  |
| Liabilities, other | (74) |  |  | (111) |  |  | (33) |  |
| Pension and other postretirement benefits | (33) |  |  | (38) |  |  | (39) |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Net cash provided by operating activities | 1,661  |  |  | 1,727  |  |  | 2,170  |  |
| Cash Flows From Investing Activities: |  |  |  |  |  |
| Capital expenditures | (2,954) |  |  | (2,669) |  |  | (2,411) |  |
| Wind generation expenditures | (525) |  |  | (564) |  |  | —  |  |
| Nuclear fuel expenditures | (44) |  |  | (66) |  |  | (31) |  |
| Purchases of securities – nuclear decommissioning trust fund | (452) |  |  | (224) |  |  | (256) |  |
| Sales and maturities of securities – nuclear decommissioning trust fund | 439  |  |  | 183  |  |  | 260  |  |
| Purchase of bonds | —  |  |  | —  |  |  | (207) |  |
| Proceeds from sale of remarketed bonds | —  |  |  | —  |  |  | 207  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Other | 8  |  |  | 11  |  |  | 3  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Net cash used in investing activities | (3,528) |  |  | (3,329) |  |  | (2,435) |  |
| Cash Flows From Financing Activities: |  |  |  |  |  |
| Dividends on common stock | (565) |  |  | (494) |  |  | (472) |  |
| Dividends paid to noncontrolling interest holders | (5) |  |  | (6) |  |  | (6) |  |
| Short-term debt, net | 55  |  |  | 50  |  |  | (157) |  |
|  |  |  |  |  |  |
| Maturities of long-term debt | (8) |  |  | (442) |  |  | (580) |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Issuances of long-term debt | 1,997  |  |  | 2,183  |  |  | 1,527  |  |
| Issuances of common stock | 308  |  |  | 476  |  |  | 68  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Redemptions of Ameren Illinois preferred stock | (13) |  |  | —  |  |  | —  |  |
| Employee payroll taxes related to stock-based compensation | (17) |  |  | (20) |  |  | (29) |  |
| Debt issuance costs | (18) |  |  | (20) |  |  | (17) |  |
| Other | (13) |  |  | —  |  |  | —  |  |
| Net cash provided by financing activities | 1,721  |  |  | 1,727  |  |  | 334  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Net change in cash, cash equivalents, and restricted cash | (146) |  |  | 125  |  |  | 69  |  |
| Cash, cash equivalents, and restricted cash at beginning of year | 301  |  |  | 176  |  |  | 107  |  |
| Cash, cash equivalents, and restricted cash at end of year | $ | 155  |  |  | $ | 301  |  |  | $ | 176  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Cash Paid (Refunded) During the Year: |  |  |  |  |  |
| Interest (net of $17, $16, and $20 capitalized, respectively) | $ | 426  |  |  | $ | 383  |  |  | $ | 367  |  |
| Income taxes, net | (1) |  |  | 13  |  |  | 13  |  |

The accompanying notes are an integral part of these consolidated financial statements.88
