Ameren (AEE) 8-K Ameren Announces Second Quarter 2018 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,
	2018		2017		2018		2017
Operating Revenues:
Electric	$	1,396	$	1,382	$	2,619	$	2,589
Natural gas	167		155		529		463
Total operating revenues	1,563		1,537		3,148		3,052
Operating Expenses:
Fuel	186		189		374		395
Purchased power	142		150		305		330
Natural gas purchased for resale	51		41		222		171
Other operations and maintenance	439		431		870		849
Depreciation and amortization	238		222		472		443
Taxes other than income taxes	122		117		247		235
Total operating expenses	1,178		1,150		2,490		2,423
Operating Income	385		387		658		629
Other Income, Net	29		20		52		38
Interest Charges	100		99		201		198
Income Before Income Taxes	314		308		509		469
Income Taxes	74		114		116		171
Net Income	240		194		393		298
Less: Net Income Attributable to Noncontrolling Interests	1		1		3		3
Net Income Attributable to Ameren Common Shareholders	$	239	$	193	$	390	$	295
Earnings per Common Share – Basic	$	0.98	$	0.79	$	1.60	$	1.21
Earnings per Common Share – Diluted	$	0.97	$	0.79	$	1.59	$	1.21
Weighted-average Common Shares Outstanding – Basic	243.7		242.6		243.3		242.6
Weighted-average Common Shares Outstanding – Diluted	245.8		243.5		245.1		243.7

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	June 30, 2018			December 31, 2017
ASSETS
Current Assets:
Cash and cash equivalents	$	29		$	10
Accounts receivable - trade (less allowance for doubtful accounts)	560			445
Unbilled revenue	371			323
Miscellaneous accounts receivable	74			70
Inventories	475			522
Current regulatory assets	104			144
Other current assets	72			98
Total current assets	1,685			1,612
Property, Plant, and Equipment, Net	21,998			21,466
Investments and Other Assets:
Nuclear decommissioning trust fund	714			704
Goodwill	411			411
Regulatory assets	1,205			1,230
Other assets	626			522
Total investments and other assets	2,956			2,867
TOTAL ASSETS	$	26,639		$	25,945
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	847		$	841
Short-term debt	506			484
Accounts and wages payable	565			902
Taxes accrued	139			52
Interest accrued	109			99
Customer deposits	114			108
Current regulatory liabilities	133			128
Other current liabilities	298			326
Total current liabilities	2,711			2,940
Long-term Debt, Net	7,613			7,094
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net	2,584			2,506
Accumulated deferred investment tax credits	46			49
Regulatory liabilities	4,540			4,387
Asset retirement obligations	641			638
Pension and other postretirement benefits	545			545
Other deferred credits and liabilities	431			460
Total deferred credits and other liabilities	8,787			8,585
Ameren Corporation Shareholders’ Equity:
Common stock	2			2
Other paid-in capital, principally premium on common stock	5,576			5,540
Retained earnings	1,827			1,660
Accumulated other comprehensive loss	(19		)	(18		)
Total Ameren Corporation shareholders’ equity	7,386			7,184
Noncontrolling Interests	142			142
Total equity	7,528			7,326
TOTAL LIABILITIES AND EQUITY	$	26,639		$	25,945

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Six Months Ended June 30,
	2018			2017
Cash Flows From Operating Activities:
Net income	$	393		$	298
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	463			433
Amortization of nuclear fuel	48			48
Amortization of debt issuance costs and premium/discounts	11			11
Deferred income taxes and investment tax credits, net	81			175
Allowance for equity funds used during construction	(14		)	(10		)
Stock-based compensation costs	10			8
Other	11			(5		)
Changes in assets and liabilities	(183		)	(95		)
Net cash provided by operating activities	820			863
Cash Flows From Investing Activities:
Capital expenditures	(1,112		)	(998		)
Nuclear fuel expenditures	(16		)	(50		)
Purchases of securities – nuclear decommissioning trust fund	(129		)	(161		)
Sales and maturities of securities – nuclear decommissioning trust fund	122			152
Other	6			(2		)
Net cash used in investing activities	(1,129		)	(1,059		)
Cash Flows From Financing Activities:
Dividends on common stock	(223		)	(214		)
Dividends paid to noncontrolling interest holders	(3		)	(3		)
Short-term debt, net	21			334
Maturities of long-term debt	(323		)	(425		)
Issuances of long-term debt	853			549
Issuances of common stock	40			—
Repurchases of common stock for stock-based compensation	—			(24		)
Employee payroll taxes related to stock-based compensation	(19		)	(15		)
Debt issuance costs	(9		)	(4		)
Other	—			(1		)
Net cash provided by financing activities	337			197
Net change in cash, cash equivalents, and restricted cash	28			1
Cash, cash equivalents, and restricted cash at beginning of year	68			52
Cash, cash equivalents, and restricted cash at end of period	$	96		$	53