Ameren (AEE) 8-K Ameren Announces Third Quarter 2017 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,
	2017		2016		2017		2016
Operating Revenues:
Electric	$	1,594	$	1,725	$	4,183	$	4,101
Natural gas	129		134		592		619
Total operating revenues	1,723		1,859		4,775		4,720
Operating Expenses:
Fuel	199		205		594		574
Purchased power	162		178		491		451
Natural gas purchased for resale	25		34		196		227
Other operations and maintenance	402		411		1,229		1,246
Depreciation and amortization	225		211		668		628
Taxes other than income taxes	129		129		364		358
Total operating expenses	1,142		1,168		3,542		3,484
Operating Income	581		691		1,233		1,236
Other Income and Expenses:
Miscellaneous income	13		18		42		54
Miscellaneous expense	2		8		16		21
Total other income	11		10		26		33
Interest Charges	97		97		295		287
Income Before Income Taxes	495		604		964		982
Income Taxes	205		233		376		356
Net Income	290		371		588		626
Less: Net Income Attributable to Noncontrolling Interests	2		2		5		5
Net Income Attributable to Ameren Common Shareholders	$	288	$	369	$	583	$	621
Earnings per Common Share – Basic	$	1.19	$	1.52	$	2.40	$	2.56
Earnings per Common Share – Diluted	$	1.18	$	1.52	$	2.39	$	2.56
Average Common Shares Outstanding – Basic	242.6		242.6		242.6		242.6
Average Common Shares Outstanding – Diluted	244.7		242.9		244.0		243.0

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	September 30, 2017			December 31, 2016
ASSETS
Current Assets:
Cash and cash equivalents	$	9		$	9
Accounts receivable - trade (less allowance for doubtful accounts)	507			437
Unbilled revenue	262			295
Miscellaneous accounts receivable	85			63
Inventories	547			527
Current regulatory assets	75			149
Other current assets	96			113
Total current assets	1,581			1,593
Property, Plant, and Equipment, Net	20,906			20,113
Investments and Other Assets:
Nuclear decommissioning trust fund	672			607
Goodwill	411			411
Regulatory assets	1,509			1,437
Other assets	538			538
Total investments and other assets	3,130			2,993
TOTAL ASSETS	$	25,617		$	24,699
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	777		$	681
Short-term debt	446			558
Accounts and wages payable	548			805
Taxes accrued	159			46
Interest accrued	106			93
Customer deposits	108			107
Current regulatory liabilities	119			110
Other current liabilities	318			274
Total current liabilities	2,581			2,674
Long-term Debt, Net	6,922			6,595
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net	4,721			4,264
Accumulated deferred investment tax credits	50			55
Regulatory liabilities	2,045			1,985
Asset retirement obligations	631			635
Pension and other postretirement benefits	711			769
Other deferred credits and liabilities	469			477
Total deferred credits and other liabilities	8,627			8,185
Ameren Corporation Shareholders’ Equity:
Common stock	2			2
Other paid-in capital, principally premium on common stock	5,534			5,556
Retained earnings	1,830			1,568
Accumulated other comprehensive loss	(21		)	(23		)
Total Ameren Corporation shareholders’ equity	7,345			7,103
Noncontrolling Interests	142			142
Total equity	7,487			7,245
TOTAL LIABILITIES AND EQUITY	$	25,617		$	24,699

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Nine Months Ended September 30,
	2017			2016
Cash Flows From Operating Activities:
Net income	$	588		$	626
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	653			625
Amortization of nuclear fuel	71			63
Amortization of debt issuance costs and premium/discounts	16			17
Deferred income taxes and investment tax credits, net	366			364
Allowance for equity funds used during construction	(16		)	(20		)
Share-based compensation costs	12			17
Other	(7		)	(9		)
Changes in assets and liabilities	(40		)	(124		)
Net cash provided by operating activities	1,643			1,559
Cash Flows From Investing Activities:
Capital expenditures	(1,523		)	(1,496		)
Nuclear fuel expenditures	(52		)	(41		)
Purchases of securities – nuclear decommissioning trust fund	(248		)	(310		)
Sales and maturities of securities – nuclear decommissioning trust fund	235			297
Other	3			(1		)
Net cash used in investing activities	(1,585		)	(1,551		)
Cash Flows From Financing Activities:
Dividends on common stock	(320		)	(309		)
Dividends paid to noncontrolling interest holders	(5		)	(5		)
Short-term debt, net	(112		)	307
Maturities of long-term debt	(425		)	(389		)
Issuances of long-term debt	849			149
Share-based payments	(39		)	(32		)
Debt issuance costs	(5		)	(1		)
Other	(1		)	(2		)
Net cash used in financing activities	(58		)	(282		)
Net change in cash and cash equivalents	—			(274		)
Cash and cash equivalents at beginning of year	9			292
Cash and cash equivalents at end of period	$	9		$	18