Ameren (AEE) 8-K Ameren Announces Third Quarter 2010 Results

Exhibit 99.2

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF INCOME (LOSS)

(Unaudited, in millions, except per share amounts)

	Three Months Ended September  30,					Nine Months Ended September  30,
	2010			2009		2010		2009
Operating Revenues:
Electric	$	2,122		$	1,679	$	5,095	$	4,589
Gas		132			136		779		826
Total operating revenues		2,254			1,815		5,874		5,415
Operating Expenses:
Fuel		394			306		973		867
Purchased power		376			256		915		708
Gas purchased for resale		51			57		467		523
Other operations and maintenance		444			422		1,306		1,294
Goodwill and other impairment losses		589			-		589		-
Depreciation and amortization		194			185		571		541
Taxes other than income taxes		117			104		335		311
Total operating expenses		2,165			1,330		5,156		4,244
Operating Income		89			485		718		1,171
Other Income and Expenses:
Miscellaneous income		24			16		70		49
Miscellaneous expense		10			3		19		14
Total other income		14			13		51		35
Interest Charges		130			134		377		376
Income (Loss) Before Income Taxes		(27	)		364		392		830
Income Taxes		137			135		295		288
Net Income (Loss)		(164	)		229		97		542
Less: Net Income Attributable to Noncontrolling Interests		3			2		10		9
Net Income (Loss) Attributable to Ameren Corporation	$	(167	)	$	227	$	87	$	533
Earnings (Loss) per Common Share - Basic and Diluted	$	(0.70	)	$	1.04	$	0.37	$	2.48
Average Common Shares Outstanding		239.3			218.2		238.4		214.9

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	September 30,     2010		December 31, 2009
ASSETS
Current Assets:
Cash and cash equivalents	$	608	$	622
Accounts receivable - trade, net		496		424
Unbilled revenue		313		367
Miscellaneous accounts and notes receivable		395		318
Materials and supplies		746		782
Mark-to-market derivative assets		153		121
Current regulatory assets		313		110
Other current assets		96		98
Total current assets		3,120		2,842
Property and Plant, Net		17,655		17,610
Investments and Other Assets:
Nuclear decommissioning trust fund		315		293
Goodwill		411		831
Intangible assets		9		129
Regulatory assets		1,422		1,430
Other assets		699		655
Total investments and other assets		2,856		3,338
TOTAL ASSETS	$	23,631	$	23,790
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	354	$	204
Short-term debt		125		20
Accounts and wages payable		414		694
Taxes accrued		153		54
Interest accrued		174		110
Customer deposits		99		101
Mark-to-market derivative liabilities		188		109
Current accumulated deferred income taxes, net		107		38
Other current liabilities		300		381
Total current liabilities		1,914		1,711
Credit Facility Borrowings		400		830
Long-term Debt, Net		6,859		7,113
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,941		2,554
Accumulated deferred investment tax credits		90		94
Regulatory liabilities		1,373		1,345
Asset retirement obligations		448		429
Pension and other postretirement benefits		1,076		1,165
Other deferred credits and liabilities		621		489
Total deferred credits and other liabilities		6,549		6,076
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,496		5,412
Retained earnings		2,266		2,455
Accumulated other comprehensive loss		(10)		(13)
Total Ameren Corporation stockholders’ equity		7,754		7,856
Noncontrolling Interests		155		204
Total equity		7,909		8,060
TOTAL LIABILITIES AND EQUITY	$	23,631	$	23,790

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Nine Months Ended September 30,
	2010			2009
Cash Flows From Operating Activities:
Net income	$	97		$	542
Adjustments to reconcile net income to net cash provided by operating activities:
Goodwill and other impairment losses		589			-
Net mark-to-market gain on derivatives		(27	)		(26	)
Depreciation and amortization		588			557
Amortization of nuclear fuel		36			40
Amortization of debt issuance costs and premium/discounts		19			16
Deferred income taxes and investment tax credits, net		409			301
Other		(23	)		5
Changes in assets and liabilities:
Receivables		(152	)		174
Materials and supplies		39			(11	)
Accounts and wages payable		(170	)		(241	)
Taxes accrued		99			81
Assets, other		(111	)		(50	)
Liabilities, other		90			124
Pension and other postretirement benefits		(12	)		30
Counterparty collateral, net		(24	)		44
Taum Sauk insurance recoveries, net of costs		57			110
Net cash provided by operating activities		1,504			1,696
Cash Flows From Investing Activities:
Capital expenditures		(746	)		(1,295	)
Nuclear fuel expenditures		(35	)		(47	)
Purchases of securities - nuclear decommissioning trust fund		(207	)		(315	)
Sales of securities - nuclear decommissioning trust fund		195			315
Purchases of emission allowances		-			(4	)
Proceeds from sale of property interests		18			-
Other		(1	)		1
Net cash used in investing activities		(776	)		(1,345	)
Cash Flows From Financing Activities:
Dividends on common stock		(276	)		(247	)
Capital issuance costs		(15	)		(64	)
Dividends paid to noncontrolling interest holders		(7	)		(19	)
Short-term and credit facility borrowings, net		(325	)		(739	)
Redemptions, repurchases, and maturities:
Long-term debt		(106	)		(250	)
Preferred stock		(52	)		-
Issuances:
Common stock		60			617
Long-term debt		-			772
Generator advances for construction received (refunded), net		(21	)		50
Net cash provided by (used in) financing activities		(742	)		120
Net change in cash and cash equivalents		(14	)		471
Cash and cash equivalents at beginning of year		622			92
Cash and cash equivalents at end of period	$	608		$	563