Ameren (AEE) 8-K Ameren Announces Second Quarter 2009 Earnings

Exhibit 99.2

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2009			2008			2009			2008
Operating Revenues:
Electric	$	1,515		$	1,547		$	2,910		$	3,016
Gas		169			243			690			855
Total operating revenues		1,684			1,790			3,600			3,871
Operating Expenses:
Fuel		287			200			561			502
Coal contract settlement		-			(60	)		-			(60	)
Purchased power		219			306			452			593
Gas purchased for resale		83			165			466			624
Other operations and maintenance		451			476			872			905
Depreciation and amortization		182			171			356			340
Taxes other than income taxes		97			89			207			202
Total operating expenses		1,319			1,347			2,914			3,106
Operating Income		365			443			686			765
Other Income and Expenses:
Miscellaneous income		17			19			33			38
Miscellaneous expense		(7	)		(8	)		(11	)		(13	)
Total other income		10			11			22			25
Interest Charges		124			118			242			218
Income Before Income Taxes		251			336			466			572
Income Taxes		83			119			153			206
Net Income		168			217			313			366
Less:  Net Income Attributable to Noncontrolling Interests		3			11			7			22
Net Income Attributable to Ameren Corporation	$	165		$	206		$	306		$	344
Earnings per Common Share - Basic and Diluted	$	0.77		$	0.98		$	1.43		$	1.64
Average Common Shares Outstanding		213.6			209.5			213.1			209.1

AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
	Six Months Ended
	June 30,
	2009			2008
Cash Flows From Operating Activities:
Net income	$	313		$	366
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of emission allowances		-			(2	)
Net mark-to-market gain on derivatives		(56	)		(94	)
Coal contract settlement		-			(60	)
Depreciation and amortization		364			350
Amortization of nuclear fuel		25			20
Amortization of debt issuance costs and premium/discounts		7			8
Deferred income taxes and investment tax credits, net		77			107
Other		11			4
Changes in assets and liabilities:
Receivables		93			15
Materials and supplies		109			16
Accounts and wages payable		(204	)		(38	)
Taxes accrued		77			(58	)
Assets, other		53			32
Liabilities, other		68			65
Pension and other postretirement benefits		23			29
Counterparty collateral, net		(4	)		(126	)
Taum Sauk costs, net of insurance recoveries		(48	)		(133	)
Net cash provided by operating activities		908			501
Cash Flows From Investing Activities:
Capital expenditures		(846	)		(798	)
Nuclear fuel expenditures		(35	)		(123	)
Purchases of securities - nuclear decommissioning trust fund		(288	)		(247	)
Sales of securities - nuclear decommissioning trust fund		291			231
Purchases of emission allowances		(4	)		(2	)
Sales of emission allowances		-			2
Other		-			2
Net cash used in investing activities		(882	)		(935	)
Cash Flows From Financing Activities:
Dividends on common stock		(164	)		(266	)
Debt issuance costs		(47	)		(9	)
Dividends paid to noncontrolling interest holders		(16	)		(21	)
Short-term debt, net		(209	)		(22	)
Redemptions, repurchases, and maturities of long-term debt		(250	)		(808	)
Issuances:
Common stock		47			75
Long-term debt		772			1,335
Net cash provided by financing activities		133			284
Net change in cash and cash equivalents		159			(150	)
Cash and cash equivalents at beginning of year		92			355
Cash and cash equivalents at end of period	$	251		$	205

AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
		June 30,		December 31,
		2009		2008
ASSETS
Current Assets:
Cash and cash equivalents	$	251	$	92
Accounts receivable - trade, net		450		502
Unbilled revenue		365		427
Miscellaneous accounts and notes receivable		337		292
Materials and supplies		733		842
Mark-to-market derivative assets		277		207
Other current assets		251		232
Total current assets		2,664		2,594
Property and Plant, Net		17,006		16,567
Investments and Other Assets:
Nuclear decommissioning trust fund		249		239
Goodwill		831		831
Intangible assets		150		167
Regulatory assets		1,616		1,653
Other assets		674		606
Total investments and other assets		3,520		3,496
TOTAL ASSETS	$	23,190	$	22,657
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	129	$	380
Short-term debt		965		1,174
Accounts and wages payable		523		813
Taxes accrued		131		54
Interest accrued		126		107
Mark-to-market derivative liabilities		234		155
Other current liabilities		437		380
Total current liabilities		2,545		3,063
Long-term Debt, Net		7,321		6,554
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,194		2,131
Accumulated deferred investment tax credits		95		100
Regulatory liabilities		1,307		1,291
Asset retirement obligations		418		406
Pension and other postretirement benefits		1,486		1,495
Other deferred credits and liabilities		470		438
Total deferred credits and other liabilities		5,970		5,861
Ameren Corporation Stockholders' Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		4,835		4,780
Retained earnings		2,323		2,181
Accumulated other comprehensive income (loss)		(13)		-
Total Ameren Corporation stockholders' equity		7,147		6,963
Noncontrolling Interests		207		216
Total equity		7,354		7,179
TOTAL LIABILITIES AND EQUITY	$	23,190	$	22,657