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 December 31,				Year Ended       December 31,
	2013		2012		2013		2012
Operating Revenues:
Electric	$	1,009	$	959	$	4,832	$	4,857
Gas		313		299		1,006		924
Total operating revenues		1,322		1,258		5,838		5,781
Operating Expenses:
Fuel		197		164		845		714
Purchased power		102		150		502		780
Gas purchased for resale		182		168		526		472
Other operations and maintenance		388		387		1,617		1,511
Depreciation and amortization		178		171		706		673
Taxes other than income taxes		104		106		458		443
Total operating expenses		1,151		1,146		4,654		4,593
Operating Income		171		112		1,184		1,188
Other Income and Expenses:
Miscellaneous income		18		17		69		70
Miscellaneous expense		8		9		26		37
Total other income		10		8		43		33
Interest Charges		109		97		398		392
Income Before Income Taxes		72		23		829		829
Income Taxes		23		10		311		307
Income from Continuing Operations		49		13		518		522
Loss from Discontinued Operations, Net of Taxes		(11)		(1,168)		(223)		(1,496)
Net Income (Loss)		38		(1,155)		295		(974)
Less: Net Income (Loss) Attributable to Noncontrolling Interests:
Continuing Operations		1		1		6		6
Discontinued Operations		-		-		-		(6)
Net Income (Loss) Attributable to Ameren Corporation:
Continuing Operations		48		12		512		516
Discontinued Operations		(11)		(1,168)		(223)		(1,490)
Net Income (Loss) Attributable to Ameren Corporation	$	37	$	(1,156)	$	289	$	(974)
Earnings (Loss) per Common Share – Basic:
Continuing Operations	$	0.19	$	0.05	$	2.11	$	2.13
Discontinued Operations		(0.04)		(4.81)		(0.92)		(6.14)
Earnings (Loss) per Common Share – Basic	$	0.15	$	(4.76)	$	1.19	$	(4.01)
Earnings (Loss) per Common Share – Diluted:
Continuing Operations	$	0.19	$	0.05	$	2.10	$	2.13
Discontinued Operations		(0.04)		(4.81)		(0.92)		(6.14)
Earnings (Loss) per Common Share – Diluted	$	0.15	$	(4.76)	$	1.18	$	(4.01)
Average Common Shares Outstanding – Basic		242.6		242.6		242.6		242.6
Average Common Shares Outstanding – Diluted		245.1		243.0		244.5		243.0

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	December 31, 2013		December 31, 2012
ASSETS
Current Assets:
Cash and cash equivalents	$	30	$	184
Accounts receivable - trade (less allowance for doubtful accounts)		404		354
Unbilled revenue		304		291
Miscellaneous accounts and notes receivable		196		71
Materials and supplies		526		570
Current regulatory assets		156		247
Current accumulated deferred income taxes, net		106		170
Other current assets		85		98
Assets of discontinued operations		165		1,611
Total current assets		1,972		3,596
Property and Plant, Net		16,205		15,348
Investments and Other Assets:
Nuclear decommissioning trust fund		494		408
Goodwill		411		411
Intangible assets		22		14
Regulatory assets		1,240		1,786
Other assets		698		667
Total investments and other assets		2,865		3,286
TOTAL ASSETS	$	21,042	$	22,230
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	534	$	355
Short-term debt		368		-
Accounts and wages payable		806		533
Taxes accrued		55		49
Interest accrued		86		89
Customer deposits		105		107
Mark-to-market derivative liabilities		52		92
Current regulatory liabilities		216		100
Other current liabilities		194		168
Liabilities of discontinued operations		45		1,193
Total current liabilities		2,461		2,686
Long-term Debt, Net		5,504		5,802
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		3,166		3,186
Accumulated deferred investment tax credits		63		70
Regulatory liabilities		1,705		1,589
Asset retirement obligations		369		349
Pension and other postretirement benefits		466		1,138
Other deferred credits and liabilities		622		643
Total deferred credits and other liabilities		6,391		6,975
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,632		5,616
Retained earnings		907		1,006
Accumulated other comprehensive income (loss)		3		(8)
Total Ameren Corporation stockholders’ equity		6,544		6,616
Noncontrolling Interests		142		151
Total equity		6,686		6,767
TOTAL LIABILITIES AND EQUITY	$	21,042	$	22,230

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Year Ended December 31,
	2013		2012
Cash Flows From Operating Activities:
Net income (loss)	$	295	$	(974)
Loss from discontinued operations, net of taxes		223		1,496
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		666		633
Amortization of nuclear fuel		71		83
Amortization of debt issuance costs and premium/discounts		24		20
Deferred income taxes and investment tax credits, net		410		257
Allowance for equity funds used during construction		(37)		(36)
Stock-based compensation costs		27		29
Other		23		(7)
Changes in assets and liabilities		(66)		(97)
Net cash provided by operating activities - continuing operations		1,636		1,404
Net cash provided by operating activities - discontinued operations		57		286
Net cash provided by operating activities		1,693		1,690
Cash Flows From Investing Activities:
Capital expenditures		(1,379)		(1,063)
Nuclear fuel expenditures		(45)		(91)
Purchases of securities - nuclear decommissioning trust fund		(214)		(403)
Sales and maturities of securities - nuclear decommissioning trust fund		196		384
Tax grants received related to renewable energy properties		-		18
Other		2		2
Net cash used in investing activities - continuing operations		(1,440)		(1,153)
Net cash used in investing activities - discontinued operations		(283)		(157)
Net cash used in investing activities		(1,723)		(1,310)
Cash Flows From Financing Activities:
Dividends on common stock		(388)		(382)
Dividends paid to noncontrolling interest holders		(6)		(6)
Short-term debt, net		368		(148)
Redemptions, repurchases, and maturities of long-term debt		(399)		(760)
Issuances of long-term debt		278		882
Capital issuance costs		(2)		(16)
Other		-		4
Net cash used in financing activities - continuing operations		(149)		(426)
Net cash provided by financing activities - discontinued operations		-		-
Net cash used in financing activities		(149)		(426)
Net change in cash and cash equivalents		(179)		(46)
Cash and cash equivalents at beginning of year		209		255
Cash and cash equivalents at end of year		30		209
Less: cash and cash equivalents at end of year - discontinued operations		-		25
Cash and cash equivalents at end of year - continuing operations	$	30	$	184
Noncash financing activity - dividends on common stock	$	-	$	(7)