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 December 31,				Year Ended December 31,
	2012		2011		2012		2011
Operating Revenues:
Electric	$	1,210	$	1,308	$	5,904	$	6,530
Gas		299		270		924		1,001
Total operating revenues		1,509		1,578		6,828		7,531
Operating Expenses:
Fuel		337		350		1,369		1,567
Purchased power		122		170		654		966
Gas purchased for resale		168		157		472		570
Other operations and maintenance		443		452		1,752		1,820
Impairment and other charges		1,950		(1)		2,578		125
Depreciation and amortization		193		200		775		785
Taxes other than income taxes		112		102		468		457
Total operating expenses		3,325		1,430		8,068		6,290
Operating Income (Loss)		(1,816)		148		(1,240)		1,241
Other Income and Expenses:
Miscellaneous income		17		18		71		69
Miscellaneous expense		8		8		37		23
Total other income		9		10		34		46
Interest Charges		110		115		448		451
Income (Loss) Before Income Taxes (Benefit)		(1,917)		43		(1,654)		836
Income Taxes (Benefit)		(762)		17		(680)		310
Net Income (Loss)		(1,155)		26		(974)		526
Less: Net Income Attributable to Noncontrolling Interests		1		1		-		7
Net Income (Loss) Attributable to Ameren Corporation	$	(1,156)	$	25	$	(974)	$	519
Earnings (Loss) per Common Share - Basic and Diluted	$	(4.76)	$	0.10	$	(4.01)	$	2.15
Average Common Shares Outstanding		242.6		242.3		242.6		241.5

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	December 31, 2012		December 31, 2011
ASSETS
Current Assets:
Cash and cash equivalents	$	209	$	255
Accounts receivable - trade, net		401		473
Unbilled revenue		322		324
Miscellaneous accounts and notes receivable		95		69
Materials and supplies		704		712
Mark-to-market derivative assets		125		115
Current regulatory assets		247		215
Current accumulated deferred income taxes, net		171		20
Other current assets		95		112
Total current assets		2,369		2,295
Property and Plant, Net		16,096		18,127
Investments and Other Assets:
Nuclear decommissioning trust fund		408		357
Goodwill		411		411
Intangible assets		16		7
Regulatory assets		1,786		1,603
Other assets		749		845
Total investments and other assets		3,370		3,223
TOTAL ASSETS	$	21,835	$	23,645
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	355	$	179
Short-term debt		-		148
Accounts and wages payable		625		693
Taxes accrued		68		65
Interest accrued		99		101
Customer deposits		108		98
Mark-to-market derivative liabilities		155		161
Current regulatory liabilities		100		133
Other current liabilities		188		207
Total current liabilities		1,698		1,785
Long-term Debt, Net		6,626		6,677
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		2,792		3,315
Accumulated deferred investment tax credits		72		79
Regulatory liabilities		1,589		1,502
Asset retirement obligations		445		428
Pension and other postretirement benefits		1,178		1,344
Other deferred credits and liabilities		668		447
Total deferred credits and other liabilities		6,744		7,115
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,616		5,598
Retained earnings		1,006		2,369
Accumulated other comprehensive loss		(8)		(50)
Total Ameren Corporation stockholders’ equity		6,616		7,919
Noncontrolling Interests		151		149
Total equity		6,767		8,068
TOTAL LIABILITIES AND EQUITY	$	21,835	$	23,645

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Year Ended December 31,
	2012		2011
Cash Flows From Operating Activities:
Net income (loss)	$	(974)	$	526
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Impairment and other charges		2,578		125
Net gain on sales of properties		(11)		(15)
Net mark-to-market loss on derivatives		22		11
Depreciation and amortization		735		747
Amortization of nuclear fuel		83		61
Amortization of debt issuance costs and premium/discounts		24		21
Deferred income taxes and investment tax credits, net		(714)		346
Allowance for equity funds used during construction		(36)		(34)
Other		25		-
Changes in assets and liabilities:
Receivables		33		231
Materials and supplies		5		(27)
Accounts and wages payable		(29)		(36)
Taxes accrued		3		(3)
Assets, other		(10)		76
Liabilities, other		71		(75)
Pension and other postretirement benefits		(23)		(102)
Counterparty collateral, net		46		27
Premiums paid on long-term debt repurchases		(138)		-
Taum Sauk insurance recoveries, net of costs		-		(1)
Net cash provided by operating activities		1,690		1,878
Cash Flows From Investing Activities:
Capital expenditures		(1,240)		(1,030)
Nuclear fuel expenditures		(91)		(62)
Purchases of securities - nuclear decommissioning trust fund		(403)		(220)
Sales and maturities of securities - nuclear decommissioning trust fund		384		199
Proceeds from sales of properties		22		53
Tax grants received related to renewable energy properties		18		-
Other		-		12
Net cash used in investing activities		(1,310)		(1,048)
Cash Flows From Financing Activities:
Dividends on common stock		(382)		(375)
Dividends paid to noncontrolling interest holders		(6)		(6)
Short-term debt and credit facility repayments, net		(148)		(581)
Redemptions, repurchases, and maturities of long-term debt		(760)		(155)
Issuances:
Long-term debt		882		-
Common stock		-		65
Capital issuance costs		(16)		-
Generator advances received for construction		4		5
Repayments of generator advances received for construction		-		(73)
Net cash used in financing activities		(426)		(1,120)
Net change in cash and cash equivalents		(46)		(290)
Cash and cash equivalents at beginning of year		255		545
Cash and cash equivalents at end of year	$	209	$	255