Rendering
Component: (Network and Table) |
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Network | 2314301 - Disclosure - Income Taxes (Tables) (http://www.ameren.com/role/IncomeTaxesTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001002910 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Income Tax Disclosure [Abstract] | |
Schedule Of Effective Income Tax Rate Reconciliation | The following table presents the principal reasons for the difference between the effective income tax rate and the statutory federal income tax rate for the years ended December 31, 2016, 2015, and 2014: | | | | | | | | | | | Ameren Missouri | | Ameren Illinois | | Ameren | 2016 | | | | | | Statutory federal income tax rate: | 35 | % | | 35 | % | | 35 | % | Increases (decreases) from: | | | | | | Depreciation differences | 1 |
| | — |
| | — |
| Amortization of deferred investment tax credit | (1 | ) | | — |
| | — |
| State tax | 3 |
| | 5 |
| | 4 |
| Stock-based compensation(a) | — |
| | — |
| | (2 | ) | Valuation allowance | — |
| | — |
| | 1 |
| Other permanent items | — |
| | (2 | ) | | (1 | ) | Effective income tax rate | 38 | % | | 38 | % | | 37 | % | 2015 | | | | | | Statutory federal income tax rate: | 35 | % | | 35 | % | | 35 | % | Increases (decreases) from: | | | | | | Depreciation differences | — |
| | (2 | ) | | (1 | ) | Amortization of deferred investment tax credit | (1 | ) | | — |
| | (1 | ) | State tax | 3 |
| | 5 |
| | 5 |
| Other permanent items | — |
| | (1 | ) | | — |
| Effective income tax rate | 37 | % | | 37 | % | | 38 | % | 2014 | | | | | | Statutory federal income tax rate: | 35 | % | | 35 | % | | 35 | % | Increases (decreases) from: | | | | | | Amortization of deferred investment tax credit | (1 | ) | | — |
| | (1 | ) | State tax | 3 |
| | 6 |
| | 4 |
| Other permanent items | — |
| | — |
| | 1 |
| Effective income tax rate | 37 | % | | 41 | % | | 39 | % |
| | (a) | Reflects the adoption of new authoritative accounting guidance related to share-based compensation. See Note 1 – Summary of Significant Accounting Policies for more information. |
|
Schedule Of Components Of Income Tax Expense (Benefit) | The following table presents the components of income tax expense (benefit) for the years ended December 31, 2016, 2015, and 2014: | | | | | | | | | | | | | | | | | | Ameren Missouri | | Ameren Illinois | | Other | | Ameren | 2016 | | | | | | | | Current taxes: | | | | | | | | Federal | $ | 31 |
| | $ | (8 | ) | | $ | (24 | ) | | $ | (1 | ) | State | 6 |
| | 12 |
| | (21 | ) | | (3 | ) | Deferred taxes: | | | | | | | | Federal | 161 |
| | 117 |
| | 21 |
| | 299 |
| State | 23 |
| | 37 |
| | 32 |
| | 92 |
| Amortization of deferred investment tax credits | (5 | ) | | — |
| | — |
| | (5 | ) | Total income tax expense | $ | 216 |
| | $ | 158 |
| | $ | 8 |
| | $ | 382 |
| 2015 | | | | | | | | Current taxes: | | | | | | | | Federal | $ | 110 |
| | $ | (83 | ) | | $ | (29 | ) | | $ | (2 | ) | State | 17 |
| | (11 | ) | | (10 | ) | | (4 | ) | Deferred taxes: | | | | | | | | Federal | 71 |
| | 193 |
| | 35 |
| | 299 |
| State | 16 |
| | 29 |
| | 31 |
| | 76 |
| Amortization of deferred investment tax credits | (5 | ) | | (1 | ) | | — |
| | (6 | ) | Total income tax expense | $ | 209 |
| | $ | 127 |
| | $ | 27 |
| | $ | 363 |
| 2014 | | | | | | | | Current taxes: | | | | | | | | Federal | $ | (13 | ) | | $ | (51 | ) | | $ | 27 |
| | $ | (37 | ) | State | (3 | ) | | (2 | ) | | (32 | ) | | (37 | ) | Deferred taxes: | | | | | | | | Federal | 222 |
| | 159 |
| | (12 | ) | | 369 |
| State | 28 |
| | 38 |
| | 22 |
| | 88 |
| Amortization of deferred investment tax credits | (5 | ) | | (1 | ) | | — |
| | (6 | ) | Total income tax expense (benefit) | $ | 229 |
| | $ | 143 |
| | $ | 5 |
| | $ | 377 |
|
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Schedule Of Deferred Tax Assets And Liabilities Resulting From Temporary Differences | The following table presents the deferred tax assets and deferred tax liabilities recorded as a result of temporary differences at December 31, 2016 and 2015: | | | | | | | | | | | | | | | | | | Ameren Missouri | | Ameren Illinois | | Other | | Ameren | 2016 | | | | | | | | Accumulated deferred income taxes, net liability (asset): | | | | | | | | Plant related | $ | 3,103 |
| | $ | 1,769 |
| | $ | 147 |
| | $ | 5,019 |
| Regulatory assets, net | 75 |
| | (1 | ) | | — |
| | 74 |
| Deferred employee benefit costs | (76 | ) | | (38 | ) | | (97 | ) | | (211 | ) | Revenue requirement reconciliation adjustments | — |
| | 34 |
| | — |
| | 34 |
| Tax carryforwards | (66 | ) | | (138 | ) | | (472 | ) | | (676 | ) | Other | (23 | ) | | 5 |
| | 42 |
| | 24 |
| Total net accumulated deferred income tax liabilities (assets) | $ | 3,013 |
| | $ | 1,631 |
| | $ | (380 | ) | | $ | 4,264 |
| 2015 | | | | | | | | Accumulated deferred income taxes, net liability (asset): | | | | | | | | Plant related | $ | 2,931 |
| | $ | 1,587 |
| | $ | 37 |
| | $ | 4,555 |
| Regulatory assets, net | 81 |
| | (1 | ) | | — |
| | 80 |
| Deferred employee benefit costs | (76 | ) | | (40 | ) | | (91 | ) | | (207 | ) | Revenue requirement reconciliation adjustments | — |
| | 66 |
| | — |
| | 66 |
| Tax carryforwards | (65 | ) | | (133 | ) | | (405 | ) | | (603 | ) | Other | (27 | ) | | 1 |
| | 20 |
| | (6 | ) | Total net accumulated deferred income tax liabilities (assets) | $ | 2,844 |
| | $ | 1,480 |
| | $ | (439 | ) | | $ | 3,885 |
|
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Schedule Of Net Operating Loss Carryforwards And Tax Credit Carryforwards | The following table presents the components of deferred tax assets relating to net operating loss carryforwards, tax credit carryforwards, and charitable contribution carryforwards at December 31, 2016 and 2015: | | | | | | | | | | | | | | | | | | Ameren Missouri | | Ameren Illinois | | Other | | Ameren | 2016 | | | | | | | | Net operating loss carryforwards: | | | | | | | | Federal(a) | $ | 33 |
| | $ | 137 |
| | $ | 324 |
| | $ | 494 |
| State(a) | 4 |
| | — |
| | 41 |
| | 45 |
| Total net operating loss carryforwards | $ | 37 |
| | $ | 137 |
| | $ | 365 |
| | $ | 539 |
| Tax credit carryforwards: | | | | | | | | Federal(a) | $ | 29 |
| | $ | 1 |
| | $ | 79 |
| | $ | 109 |
| State(b) | — |
| | — |
| | 21 |
| | 21 |
| Total tax credit carryforwards | $ | 29 |
| | $ | 1 |
| | $ | 100 |
| | $ | 130 |
| Charitable contribution carryforwards(b) | $ | — |
| | $ | — |
| | $ | 18 |
| | $ | 18 |
| Valuation allowance(c) | — |
| | — |
| | (11 | ) | | (11 | ) | Total charitable contribution carryforwards | $ | — |
| | $ | — |
| | $ | 7 |
| | $ | 7 |
| 2015 | | | | | | | | Net operating loss carryforwards: | | | | | | | | Federal | $ | 35 |
| | $ | 127 |
| | $ | 245 |
| | $ | 407 |
| State | 4 |
| | 4 |
| | 38 |
| | 46 |
| Total net operating loss carryforwards | $ | 39 |
| | $ | 131 |
| | $ | 283 |
| | $ | 453 |
| Tax credit carryforwards: | | | | | | | | Federal | $ | 26 |
| | $ | 1 |
| | $ | 78 |
| | $ | 105 |
| State | — |
| | 1 |
| | 40 |
| | 41 |
| State valuation allowance | — |
| | — |
| | (2 | ) | | (2 | ) | Total tax credit carryforwards | $ | 26 |
| | $ | 2 |
| | $ | 116 |
| | $ | 144 |
| Charitable contribution carryforwards | $ | — |
| | $ | — |
| | $ | 10 |
| | $ | 10 |
| Valuation allowance | — |
| | — |
| | (4 | ) | | (4 | ) | Total charitable contribution carryforwards | $ | — |
| | $ | — |
| | $ | 6 |
| | $ | 6 |
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| | (a) | Will expire between 2029 and 2036. |
| | (b) | Will expire between 2017 and 2021. |
| | (c) | See Schedule II under Part IV, Item 15, in this report for information on changes in the valuation allowance. |
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