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 March 31,
	2013		2012
Operating Revenues:
Electric	$	1,088	$	1,064
Gas		387		348
Total operating revenues		1,475		1,412
Operating Expenses:
Fuel		213		181
Purchased power		151		209
Gas purchased for resale		230		215
Other operations and maintenance		399		369
Depreciation and amortization		175		167
Taxes other than income taxes		122		113
Total operating expenses		1,290		1,254
Operating Income		185		158
Other Income and Expenses:
Miscellaneous income		15		17
Miscellaneous expense		8		15
Total other income		7		2
Interest Charges		101		98
Income Before Income Taxes		91		62
Income Taxes		35		23
Income from Continuing Operations		56		39
Loss from Discontinued Operations, Net of Tax		(199)		(442)
Net Loss		(143)		(403)
Less: Net Income (Loss) Attributable to Noncontrolling Interests:
Continuing Operations		2		2
Discontinued Operations		-		(2)
Net Income (Loss) Attributable to Ameren Corporation:
Continuing Operations		54		37
Discontinued Operations		(199)		(440)
Net Loss Attributable to Ameren Corporation	$	(145)	$	(403)
Earnings (Loss) per Common Share - Basic and Diluted:
Continuing Operations	$	0.22	$	0.15
Discontinued Operations		(0.82)		(1.81)
Net Loss per Common Share - Basic and Diluted	$	(0.60)	$	(1.66)
Average Common Shares Outstanding		242.6		242.6

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	March 31,   2013		December 31, 2012
ASSETS
Current Assets:
Cash and cash equivalents	$	161	$	184
Accounts receivable - trade, net		479		354
Unbilled revenue		262		291
Miscellaneous accounts and notes receivable		70		71
Materials and supplies		461		570
Mark-to-market derivative assets		27		23
Current regulatory assets		196		247
Current accumulated deferred income taxes, net		80		160
Other current assets		60		75
Current assets of discontinued operations		1,500		1,600
Total current assets		3,296		3,575
Property and Plant, Net		15,408		15,348
Investments and Other Assets:
Nuclear decommissioning trust fund		437		408
Goodwill		411		411
Intangible assets		16		14
Regulatory assets		1,719		1,785
Other assets		665		668
Total investments and other assets		3,248		3,286
TOTAL ASSETS	$	21,952	$	22,209
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	355	$	355
Accounts and wages payable		341		533
Taxes accrued		91		50
Interest accrued		111		89
Customer deposits		110		107
Mark-to-market derivative liabilities		73		92
Current regulatory liabilities		135		100
Other current liabilities		163		168
Current liabilities of discontinued operations		1,198		1,166
Total current liabilities		2,577		2,660
Long-term Debt, Net		5,803		5,802
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		3,235		3,166
Accumulated deferred investment tax credits		68		70
Regulatory liabilities		1,667		1,589
Asset retirement obligations		380		375
Pension and other postretirement benefits		1,113		1,138
Other deferred credits and liabilities		593		642
Total deferred credits and other liabilities		7,056		6,980
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,614		5,616
Retained earnings		764		1,006
Accumulated other comprehensive loss		(15)		(8)
Total Ameren Corporation stockholders’ equity		6,365		6,616
Noncontrolling Interests		151		151
Total equity		6,516		6,767
TOTAL LIABILITIES AND EQUITY	$	21,952	$	22,209

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Three Months Ended March 31,
	2013		2012
Cash Flows From Operating Activities:
Net loss	$	(143)	$	(403)
Loss from discontinued operations, net of tax		199		442
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		166		156
Amortization of nuclear fuel		20		21
Amortization of debt issuance costs and premium/discounts		6		4
Deferred income taxes and investment tax credits, net		40		30
Allowance for equity funds used during construction		(8)		(9)
Stock-based compensation costs		9		8
Other		(3)		(5)
Changes in assets and liabilities:
Receivables		(95)		93
Materials and supplies		91		79
Accounts and wages payable		(127)		(208)
Taxes accrued		41		22
Assets, other		52		19
Liabilities, other		65		23
Pension and other postretirement benefits		3		41
Counterparty collateral, net		26		(9)
Net cash provided by operating activities - continuing operations		342		304
Net cash provided by operating activities - discontinued operations		37		79
Net cash provided by operating activities		379		383
Cash Flows From Investing Activities:
Capital expenditures		(275)		(245)
Nuclear fuel expenditures		(11)		(38)
Purchases of securities - nuclear decommissioning trust fund		(35)		(109)
Sales and maturities of securities - nuclear decommissioning trust fund		32		102
Other		(2)		(2)
Net cash used in investing activities - continuing operations		(291)		(292)
Net cash used in investing activities - discontinued operations		(12)		(19)
Net cash used in investing activities		(303)		(311)
Cash Flows From Financing Activities:
Dividends on common stock		(97)		(90)
Dividends paid to noncontrolling interest holders		(2)		(2)
Short-term debt, net		-		(22)
Advances received for construction		-		1
Net cash used in financing activities - continuing operations		(99)		(113)
Net cash used in financing activities - discontinued operations		-		-
Net cash used in financing activities		(99)		(113)
Net change in cash and cash equivalents		(23)		(41)
Cash and cash equivalents at beginning of year		184		248
Cash and cash equivalents at end of period	$	161	$	207