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

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,
	2012		2011		2012		2011
Operating Revenues:
Electric	$	1,871	$	2,138	$	4,694	$	5,222
Gas		130		130		625		731
Total operating revenues		2,001		2,268		5,319		5,953
Operating Expenses:
Fuel		359		467		1,032		1,217
Purchased power		236		332		532		796
Gas purchased for resale		40		46		304		413
Other operations and maintenance		424		432		1,309		1,368
Asset impairments and other charges		-		124		628		126
Depreciation and amortization		188		196		582		585
Taxes other than income taxes		119		121		356		355
Total operating expenses		1,366		1,718		4,743		4,860
Operating Income		635		550		576		1,093
Other Income and Expenses:
Miscellaneous income		17		18		54		51
Miscellaneous expense		7		5		29		15
Total other income		10		13		25		36
Interest Charges		113		113		338		336
Income Before Income Taxes		532		450		263		793
Income Taxes		158		163		82		293
Net Income		374		287		181		500
Less: Net Income (Loss) Attributable to Noncontrolling Interests		-		2		(1)		6
Net Income Attributable to Ameren Corporation	$	374	$	285	$	182	$	494
Earnings per Common Share - Basic and Diluted	$	1.54	$	1.18	$	0.75	$	2.05
Average Common Shares Outstanding		242.6		241.7		242.6		241.2

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	September 30, 2012		December 31, 2011
ASSETS
Current Assets:
Cash and cash equivalents	$	298	$	255
Accounts receivable - trade, net		523		473
Unbilled revenue		265		324
Miscellaneous accounts and notes receivable		82		69
Materials and supplies		756		712
Mark-to-market derivative assets		134		115
Current regulatory assets		250		215
Other current assets		98		132
Total current assets		2,406		2,295
Property and Plant, Net		17,833		18,127
Investments and Other Assets:
Nuclear decommissioning trust fund		407		357
Goodwill		411		411
Intangible assets		14		7
Regulatory assets		1,655		1,603
Other assets		772		845
Total investments and other assets		3,259		3,223
TOTAL ASSETS	$	23,498	$	23,645
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	206	$	179
Short-term debt		5		148
Accounts and wages payable		458		693
Taxes accrued		163		65
Interest accrued		145		101
Customer deposits		96		98
Mark-to-market derivative liabilities		155		161
Current regulatory liabilities		125		133
Other current liabilities		193		207
Total current liabilities		1,546		1,785
Long-term Debt, Net		6,781		6,677
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		3,385		3,315
Accumulated deferred investment tax credits		74		79
Regulatory liabilities		1,542		1,502
Asset retirement obligations		429		428
Pension and other postretirement benefits		1,152		1,344
Other deferred credits and liabilities		563		447
Total deferred credits and other liabilities		7,145		7,115
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,611		5,598
Retained earnings		2,259		2,369
Accumulated other comprehensive gain (loss)		2		(50)
Total Ameren Corporation stockholders’ equity		7,874		7,919
Noncontrolling Interests		152		149
Total equity		8,026		8,068
TOTAL LIABILITIES AND EQUITY	$	23,498	$	23,645

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Nine Months Ended September 30,
	2012		2011
Cash Flows From Operating Activities:
Net income	$	181	$	500
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on asset impairments and other charges		628		126
Net gain on sales of properties		(11)		(12)
Net mark-to-market loss on derivatives		6		15
Depreciation and amortization		552		558
Amortization of nuclear fuel		63		51
Amortization of debt issuance costs and premium/discounts		17		17
Deferred income taxes and investment tax credits, net		40		302
Allowance for equity funds used during construction		(26)		(25)
Other		22		2
Changes in assets and liabilities:
Receivables		(19)		130
Materials and supplies		(44)		(34)
Accounts and wages payable		(157)		(192)
Taxes accrued		97		94
Assets, other		(29)		96
Liabilities, other		137		(2)
Pension and other postretirement benefits		19		(98)
Counterparty collateral, net		23		37
Premiums paid on long-term debt repurchases		(138)		-
Net cash provided by operating activities		1,361		1,565
Cash Flows From Investing Activities:
Capital expenditures		(905)		(758)
Nuclear fuel expenditures		(56)		(45)
Purchases of securities - nuclear decommissioning trust fund		(341)		(163)
Sales of securities - nuclear decommissioning trust fund		277		147
Proceeds from sales of properties		22		50
Other		(8)		18
Net cash used in investing activities		(1,011)		(751)
Cash Flows From Financing Activities:
Dividends on common stock		(284)		(279)
Dividends paid to noncontrolling interest holders		(5)		(5)
Short-term debt and credit facility repayments, net		(143)		(379)
Redemptions, repurchases, and maturities of long-term debt		(754)		(150)
Issuances:
Long-term debt		882		-
Common stock		-		49
Capital issuance costs		(7)		-
Generator advances received for construction		4		-
Repayments of generator advances received for construction		-		(73)
Net cash used in financing activities		(307)		(837)
Net change in cash and cash equivalents		43		(23)
Cash and cash equivalents at beginning of year		255		545
Cash and cash equivalents at end of period	$	298	$	522