Ameren (AEE) 8-K Ameren Announces Third Quarter 2009 Earnings

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,
	2009		2008		2009		2008
Operating Revenues:
Electric	$	1,679	$	1,928	$	4,589	$	4,944
Gas		136		132		826		987
Total operating revenues		1,815		2,060		5,415		5,931
Operating Expenses:
Fuel		306		461		867		963
Coal contract settlement		-		-		-		(60)
Purchased power		256		371		708		964
Gas purchased for resale		57		73		523		697
Other operations and maintenance		422		456		1,294		1,361
Depreciation and amortization		185		173		541		513
Taxes other than income taxes		104		98		311		300
Total operating expenses		1,330		1,632		4,244		4,738
Operating Income		485		428		1,171		1,193
Other Income and Expenses:
Miscellaneous income		16		23		49		61
Miscellaneous expense		(3)		(10)		(14)		(23)
Total other income		13		13		35		38
Interest Charges		134		113		376		331
Income Before Income Taxes		364		328		830		900
Income Taxes		135		113		288		319
Net Income		229		215		542		581
Less: Net Income Attributable to Noncontrolling Interests		2		11		9		33
Net Income Attributable to Ameren Corporation	$	227	$	204	$	533	$	548
Earnings per Common Share - Basic and Diluted	$	1.04	$	0.97	$	2.48	$	2.61
Average Common Shares Outstanding		218.2		210.3		214.9		209.5

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Nine Months Ended September 30,
	2009		2008
Cash Flows From Operating Activities:
Net income	$	542	$	581
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sales of emission allowances		-		(2)
Net mark-to-market gain on derivatives		(26)		(42)
Depreciation and amortization		557		528
Amortization of nuclear fuel		40		31
Amortization of debt issuance costs and premium/discounts		16		14
Deferred income taxes and investment tax credits, net		301		130
Other		4		(2)
Changes in assets and liabilities:
Receivables		239		144
Materials and supplies		(11)		(216)
Accounts and wages payable		(241)		(74)
Taxes accrued		81		44
Assets, other		(96)		46
Liabilities, other		134		142
Pension and other postretirement benefits		30		23
Counterparty collateral, net		66		-
Taum Sauk costs, net of insurance recoveries		110		(94)
Net cash provided by operating activities		1,746		1,253
Cash Flows From Investing Activities:
Capital expenditures		(1,295)		(1,316)
Nuclear fuel expenditures		(47)		(161)
Purchases of securities - nuclear decommissioning trust fund		(315)		(386)
Sales of securities - nuclear decommissioning trust fund		315		360
Purchases of emission allowances		(4)		(2)
Sales of emission allowances		-		2
Other		1		2
Net cash used in investing activities		(1,345)		(1,501)
Cash Flows From Financing Activities:
Dividends on common stock		(247)		(399)
Debt issuance costs		(64)		(9)
Dividends paid to noncontrolling interest holders		(19)		(31)
Short-term debt, net		(739)		(65)
Redemptions, repurchases, and maturities:
Long-term debt		(250)		(823)
Preferred stock		-		(16)
Issuances:
Common stock		617		107
Long-term debt		772		1,335
Net cash provided by financing activities		70		99
Net change in cash and cash equivalents		471		(149)
Cash and cash equivalents at beginning of year		92		355
Cash and cash equivalents at end of period	$	563	$	206

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	September 30, 2009		December 31, 2008
ASSETS
Current Assets:
Cash and cash equivalents	$	563	$	92
Accounts receivable - trade, net		416		502
Unbilled revenue		250		427
Miscellaneous accounts and notes receivable		182		292
Materials and supplies		857		842
Mark-to-market derivative assets		239		207
Other current assets		273		232
Total current assets		2,780		2,594
Property and Plant, Net		17,272		16,567
Investments and Other Assets:
Nuclear decommissioning trust fund		280		239
Goodwill		831		831
Intangible assets		138		167
Regulatory assets		1,641		1,653
Other assets		652		606
Total investments and other assets		3,542		3,496
TOTAL ASSETS	$	23,594	$	22,657
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	128	$	380
Short-term debt		435		1,174
Accounts and wages payable		443		813
Taxes accrued		135		54
Interest accrued		183		107
Customer deposits		107		126
Mark-to-market derivative liabilities		197		155
Other current liabilities		298		254
Total current liabilities		1,926		3,063
Long-term Debt, Net		7,321		6,554
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,431		2,131
Accumulated deferred investment tax credits		93		100
Regulatory liabilities		1,322		1,291
Asset retirement obligations		423		406
Pension and other postretirement benefits		1,477		1,495
Other deferred credits and liabilities		555		438
Total deferred credits and other liabilities		6,301		5,861
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,392		4,780
Retained earnings		2,467		2,181
Accumulated other comprehensive loss		(21)		-
Total Ameren Corporation stockholders’ equity		7,840		6,963
Noncontrolling Interests		206		216
Total equity		8,046		7,179
TOTAL LIABILITIES AND EQUITY	$	23,594	$	22,657