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

Exhibit 99.2

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF INCOME

(Unaudited, in millions, except per share amounts)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015		2014
Operating Revenues:
Electric	$	1,700	$	1,523		$	4,093	$	3,864
Gas	133		147			697		819
Total operating revenues	1,833		1,670			4,790		4,683
Operating Expenses:
Fuel	259		236			670		638
Purchased power	153		114			393		340
Gas purchased for resale	38		49			320		432
Other operations and maintenance	428		402			1,256		1,231
Provision for Callaway construction and operating license	—		—			69		—
Depreciation and amortization	201		187			594		551
Taxes other than income taxes	128		121			369		362
Total operating expenses	1,207		1,109			3,671		3,554
Operating Income	626		561			1,119		1,129
Other Income and Expense:
Miscellaneous income	19		21			54		60
Miscellaneous expense	5		7			22		20
Total other income	14		14			32		40
Interest Charges	87		85			264		266
Income Before Income Taxes	553		490			887		903
Income Taxes	208		194			333		357
Income from Continuing Operations	345		296			554		546
Income (Loss) from Discontinued Operations, Net of Taxes	—		(1		)	52		(3		)
Net Income	345		295			606		543
Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests	2		2			5		5
Net Income (Loss) Attributable to Ameren Common Stockholders:
Continuing Operations	343		294			549		541
Discontinued Operations	—		(1		)	52		(3		)
Net Income Attributable to Ameren Common Stockholders	$	343	$	293		$	601	$	538
Earnings (Loss) per Common Share – Basic:
Continuing Operations	$	1.42	$	1.21		$	2.27	$	2.23
Discontinued Operations	—		—			0.21		(0.01		)
Earnings per Common Share – Basic	$	1.42	$	1.21		$	2.48	$	2.22
Earnings (Loss) per Common Share – Diluted:
Continuing Operations	$	1.41	$	1.20		$	2.26	$	2.21
Discontinued Operations	—		—			0.21		(0.01		)
Earnings per Common Share – Diluted	$	1.41	$	1.20		$	2.47	$	2.20
Average Common Shares Outstanding – Basic	242.6		242.6			242.6		242.6
Average Common Shares Outstanding – Diluted	243.9		244.3			243.8		244.3

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	September 30, 2015			December 31, 2014
ASSETS
Current Assets:
Cash and cash equivalents	$	72		$	5
Accounts receivable - trade (less allowance for doubtful accounts)	508			423
Unbilled revenue	234			265
Miscellaneous accounts and notes receivable	113			81
Materials and supplies	548			524
Current regulatory assets	163			295
Current accumulated deferred income taxes, net	225			352
Other current assets	103			86
Assets of discontinued operations	17			15
Total current assets	1,983			2,046
Property and Plant, Net	18,307			17,424
Investments and Other Assets:
Nuclear decommissioning trust fund	534			549
Goodwill	411			411
Regulatory assets	1,578			1,582
Other assets	646			664
Total investments and other assets	3,169			3,206
TOTAL ASSETS	$	23,459		$	22,676
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	395		$	120
Short-term debt	783			714
Accounts and wages payable	525			711
Taxes accrued	160			46
Interest accrued	103			85
Current regulatory liabilities	89			106
Other current liabilities	404			434
Liabilities of discontinued operations	30			33
Total current liabilities	2,489			2,249
Long-term Debt, Net	5,981			6,120
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net	4,084			3,923
Accumulated deferred investment tax credits	62			64
Regulatory liabilities	1,894			1,850
Asset retirement obligations	597			396
Pension and other postretirement benefits	666			705
Other deferred credits and liabilities	530			514
Total deferred credits and other liabilities	7,833			7,452
Ameren Corporation Stockholders’ Equity:
Common stock	2			2
Other paid-in capital, principally premium on common stock	5,612			5,617
Retained earnings	1,405			1,103
Accumulated other comprehensive loss	(5		)	(9		)
Total Ameren Corporation stockholders’ equity	7,014			6,713
Noncontrolling Interests	142			142
Total equity	7,156			6,855
TOTAL LIABILITIES AND EQUITY	$	23,459		$	22,676

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Nine Months Ended September 30,
	2015			2014
Cash Flows From Operating Activities:
Net income	$	606		$	543
(Income) loss from discontinued operations, net of taxes	(52		)	3
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Callaway construction and operating license	69			—
Depreciation and amortization	582			526
Amortization of nuclear fuel	71			70
Amortization of debt issuance costs and premium/discounts	16			16
Deferred income taxes and investment tax credits, net	318			370
Allowance for equity funds used during construction	(19		)	(26		)
Stock-based compensation costs	20			20
Other	(8		)	(9		)
Changes in assets and liabilities:	(70		)	(305		)
Net cash provided by operating activities – continuing operations	1,533			1,208
Net cash used in operating activities – discontinued operations	(5		)	(5		)
Net cash provided by operating activities	1,528			1,203
Cash Flows From Investing Activities:
Capital expenditures	(1,332		)	(1,310		)
Nuclear fuel expenditures	(30		)	(28		)
Purchases of securities – nuclear decommissioning trust fund	(301		)	(365		)
Sales and maturities of securities – nuclear decommissioning trust fund	290			354
Proceeds from note receivable - Illinois Power Marketing Company	12			79
Contributions to note receivable - Illinois Power Marketing Company	(8		)	(84		)
Other	7			3
Net cash used in investing activities – continuing operations	(1,362		)	(1,351		)
Net cash provided by investing activities – discontinued operations	—			139
Net cash used in investing activities	(1,362		)	(1,212		)
Cash Flows From Financing Activities:
Dividends on common stock	(298		)	(291		)
Dividends paid to noncontrolling interest holders	(5		)	(5		)
Short-term debt, net	69			385
Redemptions and maturities of long-term debt	(114		)	(692		)
Issuances of long-term debt	249			598
Capital issuance costs	(2		)	(4		)
Other	2			1
Net cash used in financing activities – continuing operations	(99		)	(8		)
Net cash used in financing activities – discontinued operations	—			—
Net cash used in financing activities	(99		)	(8		)
Net change in cash and cash equivalents	67			(17		)
Cash and cash equivalents at beginning of year	5			30
Cash and cash equivalents at end of period	$	72		$	13