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,
	2013		2012		2013		2012
Operating Revenues:
Electric	$	1,228	$	1,255	$	2,316	$	2,319
Gas		175		147		562		495
Total operating revenues		1,403		1,402		2,878		2,814
Operating Expenses:
Fuel		213		175		426		356
Purchased power		121		161		272		370
Gas purchased for resale		72		49		302		264
Other operations and maintenance		447		395		846		764
Depreciation and amortization		178		168		353		335
Taxes other than income taxes		111		110		233		223
Total operating expenses		1,142		1,058		2,432		2,312
Operating Income		261		344		446		502
Other Income and Expenses:
Miscellaneous income		16		19		31		36
Miscellaneous expense		5		7		13		22
Total other income		11		12		18		14
Interest Charges		100		98		201		196
Income Before Income Taxes		172		258		263		320
Income Taxes		66		96		101		119
Income from Continuing Operations		106		162		162		201
Income (Loss) from Discontinued Operations, Net of Tax		(10)		48		(209)		(394)
Net Income (Loss)		96		210		(47)		(193)
Less: Net Income (Loss) Attributable to Noncontrolling Interests:
Continuing Operations		1		1		3		3
Discontinued Operations		-		(2)		-		(4)
Net Income (Loss) Attributable to Ameren Corporation:
Continuing Operations		105		161		159		198
Discontinued Operations		(10)		50		(209)		(390)
Net Income (Loss) Attributable to Ameren Corporation	$	95	$	211	$	(50)	$	(192)
Earnings (Loss) per Common Share - Basic and Diluted
Continuing Operations	$	0.44	$	0.66	$	0.66	$	0.81
Discontinued Operations		(0.05)		0.21		(0.87)		(1.60)
Net Income (Loss) per Common Share - Basic and Diluted	$	0.39	$	0.87	$	(0.21)	$	(0.79)
Average Common Shares Outstanding		242.6		242.6		242.6		242.6

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	June 30,    2013		December 31, 2012
ASSETS
Current Assets:
Cash and cash equivalents	$	150	$	184
Accounts receivable - trade, net		425		354
Unbilled revenue		308		291
Miscellaneous accounts and notes receivable		75		71
Materials and supplies		511		570
Current regulatory assets		192		247
Current accumulated deferred income taxes, net		157		160
Other current assets		104		98
Current assets of discontinued operations		1,486		1,600
Total current assets		3,408		3,575
Property and Plant, Net		15,601		15,348
Investments and Other Assets:
Nuclear decommissioning trust fund		442		408
Goodwill		411		411
Intangible assets		18		14
Regulatory assets		1,742		1,786
Other assets		654		667
Total investments and other assets		3,267		3,286
TOTAL ASSETS	$	22,276	$	22,209
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	884	$	355
Short-term debt		25		-
Accounts and wages payable		428		533
Taxes accrued		123		50
Interest accrued		100		89
Customer deposits		110		107
Mark-to-market derivative liabilities		75		92
Current regulatory liabilities		180		100
Other current liabilities		178		168
Current liabilities of discontinued operations		1,183		1,166
Total current liabilities		3,286		2,660
Long-term Debt, Net		5,274		5,802
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		3,348		3,166
Accumulated deferred investment tax credits		67		70
Regulatory liabilities		1,666		1,589
Asset retirement obligations		385		375
Pension and other postretirement benefits		1,140		1,138
Other deferred credits and liabilities		585		642
Total deferred credits and other liabilities		7,191		6,980
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,619		5,616
Retained earnings		762		1,006
Accumulated other comprehensive loss		(9)		(8)
Total Ameren Corporation stockholders’ equity		6,374		6,616
Noncontrolling Interests		151		151
Total equity		6,525		6,767
TOTAL LIABILITIES AND EQUITY	$	22,276	$	22,209

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Six Months Ended June  30,
	2013			2012
Cash Flows From Operating Activities:
Net loss	$	(47	)	$	(193	)
Loss from discontinued operations, net of tax		209			394
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		334			314
Amortization of nuclear fuel		29			41
Amortization of debt issuance costs and premium/discounts		12			8
Deferred income taxes and investment tax credits, net		70			110
Allowance for equity funds used during construction		(16	)		(17	)
Stock-based compensation costs		14			12
Other		18			(6	)
Changes in assets and liabilities		106			1
Net cash provided by operating activities - continuing operations		729			664
Net cash provided by operating activities - discontinued operations		39			97
Net cash provided by operating activities		768			761
Cash Flows From Investing Activities:
Capital expenditures		(575	)		(485	)
Nuclear fuel expenditures		(25	)		(52	)
Purchases of securities - nuclear decommissioning trust fund		(97	)		(206	)
Sales and maturities of securities - nuclear decommissioning trust fund		89			195
Other		2			(1	)
Net cash used in investing activities - continuing operations		(606	)		(549	)
Net cash used in investing activities - discontinued operations		(31	)		(64	)
Net cash used in investing activities		(637	)		(613	)
Cash Flows From Financing Activities:
Dividends on common stock		(194	)		(187	)
Dividends paid to noncontrolling interest holders		(3	)		(3	)
Short-term debt, net		25			(118	)
Advances received for construction		7			3
Net cash used in financing activities - continuing operations		(165	)		(305	)
Net cash used in financing activities - discontinued operations		-			-
Net cash used in financing activities		(165	)		(305	)
Net change in cash and cash equivalents		(34	)		(157	)
Cash and cash equivalents at beginning of year		184			248
Cash and cash equivalents at end of period	$	150		$	91
Noncash financing activity - dividends on common stock	$	-		$	(7	)