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Ameren AEE Payments to Acquire Other Productive Assets

Segments

By segment

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Union Electric Company$1.09B+65.8%
Ameren Transmission$204M+17.9%
Ameren Illinois Electric Distribution$196M+17.4%
Ameren Illinois Transmission$120M-12.4%
Ameren Illinois Natural Gas$72M+22.0%

Other financials

Income statement

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Revenue$2.2B+3.8%
Gross profit$1.8B+19.9%
Operating income$532.0M+23.7%
Net income$358.0M+23.4%
EPS (diluted)$1.28+19.6%

Balance sheet

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Cash & equivalents$485.0M+29.0%
Total debt$20.2B+2.9%
Total equity$13.6B+10.9%
Total assets$49.8B+9.2%

Cash flow

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Operating cash flow$421.0M-2.3%
CapEx$1.6B+47.9%
Free cash flow-$1.2B-82.1%

Valuation

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Market cap$32.75B+25.3%
Enterprise value$52.44B+14.8%
P/E21.4×+0.2×
P/S3.7×+0.6×

Profitability

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Gross margin82.2%+3.0pp
Operating margin24%+4.0pp
Net margin17.2%+1.9pp
FCF margin-18.1%-3.0pp

Returns & leverage

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Return on equity11.9%+1.6pp
Debt / equity1.5×-0.1×
Current ratio0.6×-0.2×

Questions, answered.

What does payments to acquire other productive assets mean?
Cash outflows directed toward the acquisition or construction of long-term physical assets that support core business operations but fall outside of standard maintenance capital. This captures strategic investments in infrastructure, technology, or facilities intended to drive long-term capacity.