Ameren (AEE) 8-K Ameren Announces Second Quarter 2015 Results

Exhibit 99.2

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF INCOME

(Unaudited, in millions, except per share amounts)

	Three Months Ended June 30,					Six Months Ended June 30,
	2015		2014			2015		2014
Operating Revenues:
Electric	$	1,250	$	1,235		$	2,393	$	2,341
Gas	151		184			564		672
Total operating revenues	1,401		1,419			2,957		3,013
Operating Expenses:
Fuel	205		198			411		402
Purchased power	101		112			240		226
Gas purchased for resale	46		79			282		383
Other operations and maintenance	427		411			828		829
Provision for Callaway construction and operating license	69		—			69		—
Depreciation and amortization	200		183			393		364
Taxes other than income taxes	116		114			241		241
Total operating expenses	1,164		1,097			2,464		2,445
Operating Income	237		322			493		568
Other Income and Expenses:
Miscellaneous income	16		21			35		39
Miscellaneous expense	6		4			17		13
Total other income	10		17			18		26
Interest Charges	89		89			177		181
Income Before Income Taxes	158		250			334		413
Income Taxes	59		99			125		163
Income from Continuing Operations	99		151			209		250
Income (Loss) from Discontinued Operations, Net of Taxes	52		(1		)	52		(2		)
Net Income	151		150			261		248
Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests	1		1			3		3
Net Income (Loss) Attributable to Ameren Corporation:
Continuing Operations	98		150			206		247
Discontinued Operations	52		(1		)	52		(2		)
Net Income Attributable to Ameren Corporation	$	150	$	149		$	258	$	245
Earnings (Loss) per Common Share – Basic and Diluted:
Continuing Operations	$	0.40	$	0.62		$	0.85	$	1.02
Discontinued Operations	0.21		(0.01		)	0.21		(0.01		)
Earnings per Common Share – Basic and Diluted	$	0.61	$	0.61		$	1.06	$	1.01
Average Common Shares Outstanding – Basic	242.6		242.6			242.6		242.6

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	June 30, 2015			December 31, 2014
ASSETS
Current Assets:
Cash and cash equivalents	$	2		$	5
Accounts receivable - trade (less allowance for doubtful accounts)	456			423
Unbilled revenue	302			265
Miscellaneous accounts and notes receivable	112			81
Materials and supplies	500			524
Current regulatory assets	223			295
Current accumulated deferred income taxes, net	286			352
Other current assets	95			86
Assets of discontinued operations	15			15
Total current assets	1,991			2,046
Property and Plant, Net	17,986			17,424
Investments and Other Assets:
Nuclear decommissioning trust fund	555			549
Goodwill	411			411
Regulatory assets	1,560			1,582
Other assets	649			664
Total investments and other assets	3,175			3,206
TOTAL ASSETS	$	23,152		$	22,676
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	395		$	120
Short-term debt	886			714
Accounts and wages payable	486			711
Taxes accrued	126			46
Interest accrued	98			85
Current regulatory liabilities	120			106
Other current liabilities	413			434
Liabilities of discontinued operations	32			33
Total current liabilities	2,556			2,249
Long-term Debt, Net	5,981			6,120
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net	3,931			3,923
Accumulated deferred investment tax credits	64			64
Regulatory liabilities	1,912			1,850
Asset retirement obligations	589			396
Pension and other postretirement benefits	689			705
Other deferred credits and liabilities	524			514
Total deferred credits and other liabilities	7,709			7,452
Ameren Corporation Stockholders’ Equity:
Common stock	2			2
Other paid-in capital, principally premium on common stock	5,606			5,617
Retained earnings	1,161			1,103
Accumulated other comprehensive loss	(5		)	(9		)
Total Ameren Corporation stockholders’ equity	6,764			6,713
Noncontrolling Interests	142			142
Total equity	6,906			6,855
TOTAL LIABILITIES AND EQUITY	$	23,152		$	22,676

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Six Months Ended June 30,
	2015			2014
Cash Flows From Operating Activities:
Net income	$	261		$	248
(Income) loss from discontinued operations, net of taxes	(52		)	2
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Callaway construction and operating license	69			—
Depreciation and amortization	387			349
Amortization of nuclear fuel	47			47
Amortization of debt issuance costs and premium/discounts	11			11
Deferred income taxes and investment tax credits, net	116			178
Allowance for equity funds used during construction	(11		)	(16		)
Stock-based compensation costs	14			15
Other	(13		)	(8		)
Changes in assets and liabilities	(61		)	(168		)
Net cash provided by operating activities - continuing operations	768			658
Net cash used in operating activities - discontinued operations	(1		)	(4		)
Net cash provided by operating activities	767			654
Cash Flows From Investing Activities:
Capital expenditures	(846		)	(883		)
Nuclear fuel expenditures	(28		)	(26		)
Purchases of securities - nuclear decommissioning trust fund	(117		)	(290		)
Sales and maturities of securities - nuclear decommissioning trust fund	110			283
Proceeds from note receivable - Illinois Power Marketing Company	10			70
Contributions to note receivable - Illinois Power Marketing Company	(7		)	(78		)
Other	3			2
Net cash used in investing activities - continuing operations	(875		)	(922		)
Net cash provided by investing activities - discontinued operations	—			152
Net cash used in investing activities	(875		)	(770		)
Cash Flows From Financing Activities:
Dividends on common stock	(199		)	(194		)
Dividends paid to noncontrolling interest holders	(3		)	(3		)
Short-term debt, net	172			425
Redemptions and maturities of long-term debt	(114		)	(692		)
Issuances of long-term debt	249			598
Capital issuance costs	(2		)	(4		)
Other	2			2
Net cash provided by financing activities - continuing operations	105			132
Net cash used in financing activities - discontinued operations	—			—
Net cash provided by financing activities	105			132
Net change in cash and cash equivalents	(3		)	16
Cash and cash equivalents at beginning of year	5			30
Cash and cash equivalents at end of period	$	2		$	46