Ameren (AEE) 8-K Ameren Announces Second Quarter 2016 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,
	2016		2015		2016		2015
Operating Revenues:
Electric	$	1,274	$	1,250	$	2,376	$	2,393
Gas	153		151		485		564
Total operating revenues	1,427		1,401		2,861		2,957
Operating Expenses:
Fuel	166		205		369		411
Purchased power	135		101		273		240
Gas purchased for resale	41		46		193		282
Other operations and maintenance	435		427		835		828
Provision for Callaway construction and operating license	—		69		—		69
Depreciation and amortization	210		200		417		393
Taxes other than income taxes	115		116		229		241
Total operating expenses	1,102		1,164		2,316		2,464
Operating Income	325		237		545		493
Other Income and Expense:
Miscellaneous income	16		16		36		35
Miscellaneous expense	6		6		13		17
Total other income	10		10		23		18
Interest Charges	95		89		190		177
Income Before Income Taxes	240		158		378		334
Income Taxes	92		59		123		125
Income from Continuing Operations	148		99		255		209
Income from Discontinued Operations, Net of Taxes	—		52		—		52
Net Income	148		151		255		261
Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests	1		1		3		3
Net Income Attributable to Ameren Common Shareholders:
Continuing Operations	147		98		252		206
Discontinued Operations	—		52		—		52
Net Income Attributable to Ameren Common Shareholders	$	147	$	150	$	252	$	258
Earnings per Common Share – Basic and Diluted:
Continuing Operations	$	0.61	$	0.40	$	1.04	$	0.85
Discontinued Operations	—		0.21		—		0.21
Earnings per Common Share – Basic and Diluted	$	0.61	$	0.61	$	1.04	$	1.06
Average Common Shares Outstanding – Basic	242.6		242.6		242.6		242.6

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	June 30, 2016			December 31, 2015
ASSETS
Current Assets:
Cash and cash equivalents	$	13		$	292
Accounts receivable - trade (less allowance for doubtful accounts)	445			388
Unbilled revenue	328			239
Miscellaneous accounts receivable	65			98
Materials and supplies	515			538
Current regulatory assets	146			260
Other current assets	68			88
Assets of discontinued operations	14			14
Total current assets	1,594			1,917
Property and Plant, Net	19,324			18,799
Investments and Other Assets:
Nuclear decommissioning trust fund	582			556
Goodwill	411			411
Regulatory assets	1,330			1,382
Other assets	552			575
Total investments and other assets	2,875			2,924
TOTAL ASSETS	$	23,793		$	23,640
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	431		$	395
Short-term debt	778			301
Accounts and wages payable	499			777
Taxes accrued	124			43
Interest accrued	102			89
Customer deposits	100			100
Current regulatory liabilities	99			80
Other current liabilities	270			279
Liabilities of discontinued operations	27			29
Total current liabilities	2,430			2,093
Long-term Debt, Net	6,605			6,880
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net	4,028			3,885
Accumulated deferred investment tax credits	57			60
Regulatory liabilities	1,953			1,905
Asset retirement obligations	629			618
Pension and other postretirement benefits	537			580
Other deferred credits and liabilities	490			531
Total deferred credits and other liabilities	7,694			7,579
Ameren Corporation Shareholders’ Equity:
Common stock	2			2
Other paid-in capital, principally premium on common stock	5,545			5,616
Retained earnings	1,376			1,331
Accumulated other comprehensive loss	(1		)	(3		)
Total Ameren Corporation shareholders’ equity	6,922			6,946
Noncontrolling Interests	142			142
Total equity	7,064			7,088
TOTAL LIABILITIES AND EQUITY	$	23,793		$	23,640

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Six Months Ended June 30,
	2016			2015
Cash Flows From Operating Activities:
Net income	$	255		$	261
(Income) from discontinued operations, net of taxes	—			(52		)
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Callaway construction and operating license	—			69
Depreciation and amortization	419			387
Amortization of nuclear fuel	38			47
Amortization of debt issuance costs and premium/discounts	11			11
Deferred income taxes and investment tax credits, net	134			116
Allowance for equity funds used during construction	(13		)	(11		)
Share-based compensation costs	12			14
Other	(7		)	(13		)
Changes in assets and liabilities	(84		)	(47		)
Net cash provided by operating activities – continuing operations	765			782
Net cash used in operating activities – discontinued operations	(2		)	(1		)
Net cash provided by operating activities	763			781
Cash Flows From Investing Activities:
Capital expenditures	(1,000		)	(846		)
Nuclear fuel expenditures	(24		)	(28		)
Purchases of securities – nuclear decommissioning trust fund	(201		)	(117		)
Sales and maturities of securities – nuclear decommissioning trust fund	192			110
Proceeds from note receivable – Illinois Power Marketing Company	—			10
Contributions to note receivable – Illinois Power Marketing Company	—			(7		)
Other	(2		)	3
Net cash used in investing activities – continuing operations	(1,035		)	(875		)
Net cash used in investing activities – discontinued operations	—			—
Net cash used in investing activities	(1,035		)	(875		)
Cash Flows From Financing Activities:
Dividends on common stock	(206		)	(199		)
Dividends paid to noncontrolling interest holders	(3		)	(3		)
Short-term debt, net	477			172
Maturities of long-term debt	(389		)	(114		)
Issuances of long-term debt	149			249
Employee payroll taxes related to share-based payments	(32		)	(12		)
Capital issuance costs	(1		)	(2		)
Other	(2		)	—
Net cash provided by (used in) financing activities – continuing operations	(7		)	91
Net change in cash and cash equivalents	(279		)	(3		)
Cash and cash equivalents at beginning of year	292			5
Cash and cash equivalents at end of period	$	13		$	2