Ameren (AEE) 8-K Results of Operations and Financial Condition

Exhibit 99.2

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF INCOME (LOSS)

(Unaudited, in millions, except per share amounts)

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Operating Revenues:
Electric	$	1,513	$	1,614	$	2,823	$	3,084
Gas		147		167		495		601
Total operating revenues		1,660		1,781		3,318		3,685
Operating Expenses:
Fuel		346		371		673		750
Purchased power		133		237		296		464
Gas purchased for resale		49		79		264		367
Other operations and maintenance		458		473		885		936
Asset impairments		-		2		628		2
Depreciation and amortization		195		194		394		389
Taxes other than income taxes		116		109		237		234
Total operating expenses		1,297		1,465		3,377		3,142
Operating Income (Loss)		363		316		(59)		543
Other Income and Expenses:
Miscellaneous income		20		17		37		33
Miscellaneous expense		7		5		22		10
Total other income		13		12		15		23
Interest Charges		112		104		225		223
Income (Loss) Before Income Taxes		264		224		(269)		343
Income Taxes (Benefit)		54		85		(76)		130
Net Income (Loss)		210		139		(193)		213
Less: Net Income (Loss) Attributable to Noncontrolling Interests		(1)		1		(1)		4
Net Income (Loss) Attributable to Ameren Corporation	$	211	$	138	$	(192)	$	209
Earnings (Loss) per Common Share - Basic and Diluted	$	0.87	$	0.57	$	(0.79)	$	0.87
Average Common Shares Outstanding		242.6		241.2		242.6		240.9

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	June 30, 2012		December 31, 2011
ASSETS
Current Assets:
Cash and cash equivalents	$	117	$	255
Accounts receivable - trade, net		417		473
Unbilled revenue		374		324
Miscellaneous accounts and notes receivable		69		69
Materials and supplies		686		712
Mark-to-market derivative assets		156		115
Current regulatory assets		236		215
Other current assets		99		132
Total current assets		2,154		2,295
Property and Plant, Net		17,690		18,127
Investments and Other Assets:
Nuclear decommissioning trust fund		386		357
Goodwill		411		411
Intangible assets		12		7
Regulatory assets		1,551		1,603
Other assets		776		845
Total investments and other assets		3,136		3,223
TOTAL ASSETS	$	22,980	$	23,645
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	179	$	179
Short-term debt		30		148
Accounts and wages payable		479		693
Taxes accrued		141		65
Interest accrued		113		101
Customer deposits		97		98
Mark-to-market derivative liabilities		198		161
Current regulatory liabilities		145		133
Other current liabilities		221		207
Total current liabilities		1,603		1,785
Long-term Debt, Net		6,678		6,677
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		3,199		3,315
Accumulated deferred investment tax credits		75		79
Regulatory liabilities		1,470		1,502
Asset retirement obligations		440		428
Pension and other postretirement benefits		1,251		1,344
Other deferred credits and liabilities		564		447
Total deferred credits and other liabilities		6,999		7,115
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,600		5,598
Retained earnings		1,983		2,369
Accumulated other comprehensive loss		(30)		(50)
Total Ameren Corporation stockholders’ equity		7,555		7,919
Noncontrolling Interests		145		149
Total equity		7,700		8,068
TOTAL LIABILITIES AND EQUITY	$	22,980	$	23,645

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Six Months Ended June 30,
	2012		2011
Cash Flows From Operating Activities:
Net income (loss)	$	(193)	$	213
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss on asset impairments		628		2
Net gain on sales of properties		(9)		(11)
Net mark-to-market (gain) loss on derivatives		11		(5)
Depreciation and amortization		373		373
Amortization of nuclear fuel		41		34
Amortization of debt issuance costs and premium/discounts		11		12
Deferred income taxes and investment tax credits, net		(100)		143
Allowance for equity funds used during construction		(17)		(15)
Other		8		-
Changes in assets and liabilities:
Receivables		(9)		23
Materials and supplies		27		55
Accounts and wages payable		(146)		(134)
Taxes accrued		75		76
Assets, other		11		82
Liabilities, other		72		(3)
Pension and other postretirement benefits		24		31
Counterparty collateral, net		(2)		23
Net cash provided by operating activities		805		899
Cash Flows From Investing Activities:
Capital expenditures		(565)		(507)
Nuclear fuel expenditures		(52)		(33)
Purchases of securities - nuclear decommissioning trust fund		(206)		(125)
Sales of securities - nuclear decommissioning trust fund		169		113
Proceeds from sales of properties		18		49
Other		(2)		9
Net cash used in investing activities		(638)		(494)
Cash Flows From Financing Activities:
Dividends on common stock		(187)		(186)
Dividends paid to noncontrolling interest holders		(3)		(3)
Short-term debt and credit facility repayments, net		(118)		(192)
Maturities of long-term debt		-		(150)
Generator advances received for construction		3		-
Repayments of generator advances received for construction		-		(73)
Issuances of common stock		-		32
Net cash used in financing activities		(305)		(572)
Net change in cash and cash equivalents		(138)		(167)
Cash and cash equivalents at beginning of year		255		545
Cash and cash equivalents at end of period	$	117	$	378