Ameren (AEE) 8-K Ameren Announces First Quarter 2014 Results

Exhibit 99.2

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF INCOME (LOSS)

(Unaudited, in millions, except per share amounts)

	Three Months Ended March  31,
	2014			2013
Operating Revenues:
Electric	$	1,106		$	1,088
Gas		488			387
Total operating revenues		1,594			1,475
Operating Expenses:
Fuel		204			213
Purchased power		112			151
Gas purchased for resale		304			230
Other operations and maintenance		420			399
Depreciation and amortization		181			175
Taxes other than income taxes		127			122
Total operating expenses		1,348			1,290
Operating Income		246			185
Other Income and Expenses:
Miscellaneous income		18			15
Miscellaneous expense		9			8
Total other income		9			7
Interest Charges		92			101
Income Before Income Taxes		163			91
Income Taxes		64			35
Income from Continuing Operations		99			56
Loss from Discontinued Operations, Net of Taxes		(1	)		(199	)
Net Income (Loss)		98			(143	)
Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests		2			2
Net Income (Loss) Attributable to Ameren Corporation:
Continuing Operations		97			54
Discontinued Operations		(1	)		(199	)
Net Income (Loss) Attributable to Ameren Corporation	$	96		$	(145	)
Earnings (Loss) per Common Share - Basic:
Continuing Operations	$	0.40		$	0.22
Discontinued Operations		-			(0.82	)
Earnings (Loss) per Common Share - Basic	$	0.40		$	(0.60	)
Average Common Shares Outstanding - Basic		242.6			242.6

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	March 31,    2014		December 31, 2013
ASSETS
Current Assets:
Cash and cash equivalents	$	26	$	30
Accounts receivable - trade (less allowance for doubtful accounts)		553		404
Unbilled revenue		236		304
Miscellaneous accounts and notes receivable		201		196
Materials and supplies		424		526
Current regulatory assets		220		156
Current accumulated deferred income taxes, net		95		106
Other current assets		70		85
Assets of discontinued operations		15		165
Total current assets		1,840		1,972
Property and Plant, Net		16,425		16,205
Investments and Other Assets:
Nuclear decommissioning trust fund		503		494
Goodwill		411		411
Intangible assets		17		22
Regulatory assets		1,251		1,240
Other assets		719		698
Total investments and other assets		2,901		2,865
TOTAL ASSETS	$	21,166	$	21,042
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	648	$	534
Short-term debt		700		368
Accounts and wages payable		559		806
Taxes accrued		89		55
Interest accrued		104		86
Current regulatory liabilities		248		216
Other current liabilities	��	344		351
Liabilities of discontinued operations		33		45
Total current liabilities		2,725		2,461
Long-term Debt, Net		5,226		5,504
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		3,340		3,250
Accumulated deferred investment tax credits		62		63
Regulatory liabilities		1,751		1,705
Asset retirement obligations		373		369
Pension and other postretirement benefits		480		466
Other deferred credits and liabilities		554		538
Total deferred credits and other liabilities		6,560		6,391
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,602		5,632
Retained earnings		906		907
Accumulated other comprehensive income		3		3
Total Ameren Corporation stockholders’ equity		6,513		6,544
Noncontrolling Interests		142		142
Total equity		6,655		6,686
TOTAL LIABILITIES AND EQUITY	$	21,166	$	21,042

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Three Months Ended March 31,
	2014			2013
Cash Flows From Operating Activities:
Net income (loss)	$	98		$	(143	)
Loss from discontinued operations, net of taxes		1			199
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		176			166
Amortization of nuclear fuel		24			20
Amortization of debt issuance costs and premium/discounts		5			6
Deferred income taxes and investment tax credits, net		84			40
Allowance for equity funds used during construction		(7	)		(8	)
Stock-based compensation costs		9			9
Other		(1	)		(3	)
Changes in assets and liabilities		(150	)		56
Net cash provided by operating activities - continuing operations		239			342
Net cash provided by operating activities - discontinued operations		-			37
Net cash provided by operating activities		239			379
Cash Flows From Investing Activities:
Capital expenditures		(442	)		(275	)
Nuclear fuel expenditures		(10	)		(11	)
Purchases of securities - nuclear decommissioning trust fund		(186	)		(35	)
Sales and maturities of securities - nuclear decommissioning trust fund		182			32
Proceeds from note receivable - Illinois Power Marketing Company		56			-
Contributions to note receivable - Illinois Power Marketing Company		(65	)		-
Other		-			(2	)
Net cash used in investing activities - continuing operations		(465	)		(291	)
Net cash provided by (used in) investing activities - discontinued operations		152			(12	)
Net cash used in investing activities		(313	)		(303	)
Cash Flows From Financing Activities:
Dividends on common stock		(97	)		(97	)
Dividends paid to noncontrolling interest holders		(2	)		(2	)
Short-term debt, net		332			-
Redemptions of long-term debt		(163	)		-
Net cash provided by (used in) financing activities - continuing operations		70			(99	)
Net cash used in financing activities - discontinued operations		-			-
Net cash provided by (used in) financing activities		70			(99	)
Net change in cash and cash equivalents		(4	)		(23	)
Cash and cash equivalents at beginning of year		30			209
Cash and cash equivalents at end of period		26			186
Less cash and cash equivalents at end of period - discontinued operations		-			25
Cash and cash equivalents at end of period - continuing operations	$	26		$	161