Ameren (AEE) 8-K Ameren Announces Third Quarter 2016 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,
	2016		2015		2016		2015
Operating Revenues:
Electric	$	1,725	$	1,700	$	4,101	$	4,093
Gas	134		133		619		697
Total operating revenues	1,859		1,833		4,720		4,790
Operating Expenses:
Fuel	205		259		574		670
Purchased power	178		153		451		393
Gas purchased for resale	34		38		227		320
Other operations and maintenance	411		428		1,246		1,256
Provision for Callaway construction and operating license	—		—		—		69
Depreciation and amortization	211		201		628		594
Taxes other than income taxes	129		128		358		369
Total operating expenses	1,168		1,207		3,484		3,671
Operating Income	691		626		1,236		1,119
Other Income and Expense:
Miscellaneous income	18		19		54		54
Miscellaneous expense	8		5		21		22
Total other income	10		14		33		32
Interest Charges	97		87		287		264
Income Before Income Taxes	604		553		982		887
Income Taxes	233		208		356		333
Income from Continuing Operations	371		345		626		554
Income from Discontinued Operations, Net of Taxes	—		—		—		52
Net Income	371		345		626		606
Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests	2		2		5		5
Net Income Attributable to Ameren Common Shareholders:
Continuing Operations	369		343		621		549
Discontinued Operations	—		—		—		52
Net Income Attributable to Ameren Common Shareholders	$	369	$	343	$	621	$	601
Earnings per Common Share – Basic:
Continuing Operations	$	1.52	$	1.42	$	2.56	$	2.27
Discontinued Operations	—		—		—		0.21
Earnings per Common Share – Basic	$	1.52	$	1.42	$	2.56	$	2.48
Earnings per Common Share – Diluted:
Continuing Operations	$	1.52	$	1.41	$	2.56	$	2.26
Discontinued Operations	—		—		—		0.21
Earnings per Common Share – Diluted	$	1.52	$	1.41	$	2.56	$	2.47
Average Common Shares Outstanding – Basic	242.6		242.6		242.6		242.6
Average Common Shares Outstanding – Diluted	242.9		243.9		243.0		243.8

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	September 30, 2016			December 31, 2015
ASSETS
Current Assets:
Cash and cash equivalents	$	18		$	292
Accounts receivable - trade (less allowance for doubtful accounts)	543			388
Unbilled revenue	240			239
Miscellaneous accounts receivable	49			98
Materials and supplies	551			538
Current regulatory assets	107			260
Other current assets	76			88
Assets of discontinued operations	15			14
Total current assets	1,599			1,917
Property and Plant, Net	19,647			18,799
Investments and Other Assets:
Nuclear decommissioning trust fund	599			556
Goodwill	411			411
Regulatory assets	1,312			1,382
Other assets	566			575
Total investments and other assets	2,888			2,924
TOTAL ASSETS	$	24,134		$	23,640
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	431		$	395
Short-term debt	608			301
Accounts and wages payable	513			777
Taxes accrued	159			43
Interest accrued	110			89
Customer deposits	104			100
Current regulatory liabilities	87			80
Other current liabilities	252			279
Liabilities of discontinued operations	27			29
Total current liabilities	2,291			2,093
Long-term Debt, Net	6,607			6,880
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net	4,255			3,885
Accumulated deferred investment tax credits	56			60
Regulatory liabilities	1,974			1,905
Asset retirement obligations	636			618
Pension and other postretirement benefits	499			580
Other deferred credits and liabilities	481			531
Total deferred credits and other liabilities	7,901			7,579
Ameren Corporation Shareholders’ Equity:
Common stock	2			2
Other paid-in capital, principally premium on common stock	5,550			5,616
Retained earnings	1,643			1,331
Accumulated other comprehensive loss	(2		)	(3		)
Total Ameren Corporation shareholders’ equity	7,193			6,946
Noncontrolling Interests	142			142
Total equity	7,335			7,088
TOTAL LIABILITIES AND EQUITY	$	24,134		$	23,640

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Nine Months Ended September 30,
	2016			2015
Cash Flows From Operating Activities:
Net income	$	626		$	606
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	625			582
Amortization of nuclear fuel	63			71
Amortization of debt issuance costs and premium/discounts	17			16
Deferred income taxes and investment tax credits, net	364			318
Allowance for equity funds used during construction	(20		)	(19		)
Share-based compensation costs	17			20
Other	(9		)	(8		)
Changes in assets and liabilities	(124		)	(56		)
Net cash provided by operating activities – continuing operations	1,559			1,547
Net cash used in operating activities – discontinued operations	—			(5		)
Net cash provided by operating activities	1,559			1,542
Cash Flows From Investing Activities:
Capital expenditures	(1,496		)	(1,332		)
Nuclear fuel expenditures	(41		)	(30		)
Purchases of securities – nuclear decommissioning trust fund	(310		)	(301		)
Sales and maturities of securities – nuclear decommissioning trust fund	297			290
Proceeds from note receivable – Illinois Power Marketing Company	—			12
Contributions to note receivable – Illinois Power Marketing Company	—			(8		)
Other	(1		)	7
Net cash used in investing activities – continuing operations	(1,551		)	(1,362		)
Net cash used in investing activities – discontinued operations	—			—
Net cash used in investing activities	(1,551		)	(1,362		)
Cash Flows From Financing Activities:
Dividends on common stock	(309		)	(298		)
Dividends paid to noncontrolling interest holders	(5		)	(5		)
Short-term debt, net	307			69
Maturities of long-term debt	(389		)	(114		)
Issuances of long-term debt	149			249
Employee withholding taxes related to share-based payments	(32		)	(12		)
Capital issuance costs	(1		)	(2		)
Other	(2		)	—
Net cash used in financing activities – continuing operations	(282		)	(113		)
Net change in cash and cash equivalents	(274		)	67
Cash and cash equivalents at beginning of year	292			5
Cash and cash equivalents at end of period	$	18		$	72