Ameren (AEE) 8-K Ameren Announces Second Quarter 2017 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,
	2017		2016		2017		2016
Operating Revenues:
Electric	$	1,383	$	1,274	$	2,589	$	2,376
Natural gas	155		153		463		485
Total operating revenues	1,538		1,427		3,052		2,861
Operating Expenses:
Fuel	189		166		395		369
Purchased power	149		135		329		273
Natural gas purchased for resale	41		41		171		193
Other operations and maintenance	422		435		827		835
Depreciation and amortization	222		210		443		417
Taxes other than income taxes	117		115		235		229
Total operating expenses	1,140		1,102		2,400		2,316
Operating Income	398		325		652		545
Other Income and Expenses:
Miscellaneous income	14		16		29		36
Miscellaneous expense	5		6		14		13
Total other income	9		10		15		23
Interest Charges	99		95		198		190
Income Before Income Taxes	308		240		469		378
Income Taxes	114		92		171		123
Net Income	194		148		298		255
Less: Net Income Attributable to Noncontrolling Interests	1		1		3		3
Net Income Attributable to Ameren Common Shareholders	$	193	$	147	$	295	$	252
Earnings per Common Share – Basic and Diluted	$	0.79	$	0.61	$	1.21	$	1.04
Average Common Shares Outstanding – Basic	242.6		242.6		242.6		242.6

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	June 30, 2017			December 31, 2016
ASSETS
Current Assets:
Cash and cash equivalents	$	10		$	9
Accounts receivable - trade (less allowance for doubtful accounts)	446			437
Unbilled revenue	334			295
Miscellaneous accounts receivable	77			63
Inventories	512			527
Current regulatory assets	95			149
Other current assets	97			113
Total current assets	1,571			1,593
Property, Plant, and Equipment, Net	20,589			20,113
Investments and Other Assets:
Nuclear decommissioning trust fund	651			607
Goodwill	411			411
Regulatory assets	1,506			1,437
Other assets	526			538
Total investments and other assets	3,094			2,993
TOTAL ASSETS	$	25,254		$	24,699
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	578		$	681
Short-term debt	892			558
Accounts and wages payable	522			805
Taxes accrued	122			46
Interest accrued	104			93
Customer deposits	108			107
Current regulatory liabilities	141			110
Other current liabilities	298			274
Total current liabilities	2,765			2,674
Long-term Debt, Net	6,821			6,595
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net	4,444			4,264
Accumulated deferred investment tax credits	52			55
Regulatory liabilities	2,003			1,985
Asset retirement obligations	634			635
Pension and other postretirement benefits	758			769
Other deferred credits and liabilities	477			477
Total deferred credits and other liabilities	8,368			8,185
Ameren Corporation Shareholders’ Equity:
Common stock	2			2
Other paid-in capital, principally premium on common stock	5,528			5,556
Retained earnings	1,649			1,568
Accumulated other comprehensive loss	(21		)	(23		)
Total Ameren Corporation shareholders’ equity	7,158			7,103
Noncontrolling Interests	142			142
Total equity	7,300			7,245
TOTAL LIABILITIES AND EQUITY	$	25,254		$	24,699

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Six Months Ended June 30,
	2017			2016
Cash Flows From Operating Activities:
Net income	$	298		$	255
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	433			419
Amortization of nuclear fuel	48			38
Amortization of debt issuance costs and premium/discounts	11			11
Deferred income taxes and investment tax credits, net	175			134
Allowance for equity funds used during construction	(10		)	(13		)
Share-based compensation costs	8			12
Other	(5		)	(7		)
Changes in assets and liabilities	(95		)	(86		)
Net cash provided by operating activities	863			763
Cash Flows From Investing Activities:
Capital expenditures	(998		)	(1,000		)
Nuclear fuel expenditures	(50		)	(24		)
Purchases of securities – nuclear decommissioning trust fund	(213		)	(201		)
Sales and maturities of securities – nuclear decommissioning trust fund	204			192
Other	(2		)	(2		)
Net cash used in investing activities	(1,059		)	(1,035		)
Cash Flows From Financing Activities:
Dividends on common stock	(214		)	(206		)
Dividends paid to noncontrolling interest holders	(3		)	(3		)
Short-term debt, net	334			477
Maturities of long-term debt	(425		)	(389		)
Issuances of long-term debt	549			149
Share-based payments	(39		)	(32		)
Capital issuance costs	(4		)	(1		)
Other	(1		)	(2		)
Net cash provided by (used in) financing activities	197			(7		)
Net change in cash and cash equivalents	1			(279		)
Cash and cash equivalents at beginning of year	9			292
Cash and cash equivalents at end of period	$	10		$	13