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,
	2013		2012		2013		2012
Operating Revenues:
Electric	$	1,507	$	1,579	$	3,823	$	3,898
Gas		131		130		693		625
Total operating revenues		1,638		1,709		4,516		4,523
Operating Expenses:
Fuel		222		194		648		550
Purchased power		128		260		400		630
Gas purchased for resale		42		40		344		304
Other operations and maintenance		383		362		1,229		1,126
Depreciation and amortization		175		161		528		496
Taxes other than income taxes		121		114		354		337
Total operating expenses		1,071		1,131		3,503		3,443
Operating Income		567		578		1,013		1,080
Other Income and Expenses:
Miscellaneous income		20		17		51		53
Miscellaneous expense		5		6		18		28
Total other income		15		11		33		25
Interest Charges		88		99		289		295
Income Before Income Taxes		494		490		757		810
Income Taxes		187		179		288		298
Income from Continuing Operations		307		311		469		512
Income (Loss) from Discontinued Operations, Net of Tax		(3)		63		(212)		(331)
Net Income		304		374		257		181
Less: Net Income (Loss) Attributable to Noncontrolling Interests:
Continuing Operations		2		2		5		5
Discontinued Operations		-		(2)		-		(6)
Net Income (Loss) Attributable to Ameren Corporation:
Continuing Operations		305		309		464		507
Discontinued Operations		(3)		65		(212)		(325)
Net Income Attributable to Ameren Corporation	$	302	$	374	$	252	$	182
Earnings (Loss) per Common Share – Basic:
Continuing Operations	$	1.26	$	1.28	$	1.92	$	2.09
Discontinued Operations		(0.01)		0.26		(0.88)		(1.34)
Earnings per Common Share – Basic	$	1.25	$	1.54	$	1.04	$	0.75
Earnings (Loss) per Common Share – Diluted:
Continuing Operations	$	1.25	$	1.28	$	1.91	$	2.09
Discontinued Operations		(0.01)		0.26		(0.88)		(1.34)
Earnings per Common Share – Diluted	$	1.24	$	1.54	$	1.03	$	0.75
Average Common Shares Outstanding – Basic		242.6		242.6		242.6		242.6
Average Common Shares Outstanding – Diluted		245.1		242.9		244.4		242.9

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	September 30,    2013		December 31, 2012
ASSETS
Current Assets:
Cash and cash equivalents	$	169	$	184
Accounts receivable - trade (less allowance for doubtful accounts)		469		354
Unbilled revenue		226		291
Miscellaneous accounts and notes receivable		109		71
Materials and supplies		581		570
Current regulatory assets		173		247
Current accumulated deferred income taxes, net		43		170
Other current assets		108		98
Assets of discontinued operations		1,395		1,600
Total current assets		3,273		3,585
Property and Plant, Net		15,834		15,348
Investments and Other Assets:
Nuclear decommissioning trust fund		459		408
Goodwill		411		411
Intangible assets		19		14
Regulatory assets		1,729		1,786
Other assets		660		667
Total investments and other assets		3,278		3,286
TOTAL ASSETS	$	22,385	$	22,219
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	884	$	355
Accounts and wages payable		414		533
Taxes accrued		159		50
Interest accrued		120		89
Customer deposits		106		107
Mark-to-market derivative liabilities		65		92
Current regulatory liabilities		149		100
Other current liabilities		190		168
Liabilities of discontinued operations		1,141		1,166
Total current liabilities		3,228		2,660
Long-term Debt, Net		5,274		5,802
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		3,422		3,176
Accumulated deferred investment tax credits		65		70
Regulatory liabilities		1,703		1,589
Asset retirement obligations		392		375
Pension and other postretirement benefits		1,042		1,138
Other deferred credits and liabilities		534		642
Total deferred credits and other liabilities		7,158		6,990
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,624		5,616
Retained earnings		967		1,006
Accumulated other comprehensive loss		(19)		(8)
Total Ameren Corporation stockholders’ equity		6,574		6,616
Noncontrolling Interests		151		151
Total equity		6,725		6,767
TOTAL LIABILITIES AND EQUITY	$	22,385	$	22,219

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Nine Months Ended September 30,
	2013			2012
Cash Flows From Operating Activities:
Net income	$	257		$	181
Loss from discontinued operations, net of tax		212			331
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		500			466
Amortization of nuclear fuel		46			63
Amortization of debt issuance costs and premium/discounts		18			13
Deferred income taxes and investment tax credits, net		258			249
Allowance for equity funds used during construction		(26	)		(26	)
Stock-based compensation costs		19			23
Other		14			(6	)
Changes in assets and liabilities		(83	)		(204	)
Net cash provided by operating activities - continuing operations		1,215			1,090
Net cash provided by operating activities - discontinued operations		99			222
Net cash provided by operating activities		1,314			1,312
Cash Flows From Investing Activities:
Capital expenditures		(943	)		(762	)
Nuclear fuel expenditures		(34	)		(56	)
Purchases of securities - nuclear decommissioning trust fund		(147	)		(341	)
Sales and maturities of securities - nuclear decommissioning trust fund		134			326
Other		(1	)		(6	)
Net cash used in investing activities - continuing operations		(991	)		(839	)
Net cash used in investing activities - discontinued operations		(42	)		(123	)
Net cash used in investing activities		(1,033	)		(962	)
Cash Flows From Financing Activities:
Dividends on common stock		(291	)		(284	)
Dividends paid to noncontrolling interest holders		(5	)		(5	)
Capital issuance costs		-			(7	)
Short-term debt, net		-			(143	)
Redemptions, repurchases, and maturities of long-term debt		-			(754	)
Issuances of long-term debt		-			882
Other		-			4
Net cash used in financing activities - continuing operations		(296	)		(307	)
Net cash used in financing activities - discontinued operations		-			-
Net cash used in financing activities		(296	)		(307	)
Net change in cash and cash equivalents		(15	)		43
Cash and cash equivalents at beginning of year		209			255
Cash and cash equivalents at end of period		194			298
Less cash and cash equivalents at end of period, discontinued operations		25			25
Cash and cash equivalents at end of period, continuing operations	$	169		$	273
Noncash financing activity - dividends on common stock	$	-		$	(7	)