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

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,
	2014			2013			2014			2013
Operating Revenues:
Electric	$	1,523		$	1,507		$	3,864		$	3,823
Gas		147			131			819			693
Total operating revenues		1,670			1,638			4,683			4,516
Operating Expenses:
Fuel		236			222			638			648
Purchased power		112			128			335			400
Gas purchased for resale		49			42			432			344
Other operations and maintenance		404			383			1,236			1,229
Depreciation and amortization		187			175			551			528
Taxes other than income taxes		121			121			362			354
Total operating expenses		1,109			1,071			3,554			3,503
Operating Income		561			567			1,129			1,013
Other Income and Expense:
Miscellaneous income		21			20			60			51
Miscellaneous expense		7			5			20			18
Total other income		14			15			40			33
Interest Charges		85			88			266			289
Income Before Income Taxes		490			494			903			757
Income Taxes		194			187			357			288
Income from Continuing Operations		296			307			546			469
Loss from Discontinued Operations, Net of Taxes		(1	)		(3	)		(3	)		(212	)
Net Income		295			304			543			257
Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests		2			2			5			5
Net Income (Loss) Attributable to Ameren Corporation:
Continuing Operations		294			305			541			464
Discontinued Operations		(1	)		(3	)		(3	)		(212	)
Net Income Attributable to Ameren Corporation	$	293		$	302		$	538		$	252
Earnings (Loss) per Common Share – Basic:
Continuing Operations	$	1.21		$	1.26		$	2.23		$	1.92
Discontinued Operations		-			(0.01	)		(0.01	)		(0.88	)
Earnings per Common Share – Basic	$	1.21		$	1.25		$	2.22		$	1.04
Earnings (Loss) per Common Share – Diluted:
Continuing Operations	$	1.20		$	1.25		$	2.21		$	1.91
Discontinued Operations		-			(0.01	)		(0.01	)		(0.88	)
Earnings per Common Share – Diluted	$	1.20		$	1.24		$	2.20		$	1.03
Average Common Shares Outstanding – Basic		242.6			242.6			242.6			242.6
Average Common Shares Outstanding – Diluted		244.3			245.1			244.3			244.4

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	September 30,    2014		December 31,    2013
ASSETS
Current Assets:
Cash and cash equivalents	$	13	$	30
Accounts receivable - trade (less allowance for doubtful accounts)		467		404
Unbilled revenue		203		304
Miscellaneous accounts and notes receivable		117		196
Materials and supplies		561		526
Current regulatory assets		199		156
Current accumulated deferred income taxes, net		301		106
Other current assets		66		85
Assets of discontinued operations		15		165
Total current assets		1,942		1,972
Property and Plant, Net		16,991		16,205
Investments and Other Assets:
Nuclear decommissioning trust fund		529		494
Goodwill		411		411
Intangible assets		20		22
Regulatory assets		1,259		1,240
Other assets		724		698
Total investments and other assets		2,943		2,865
TOTAL ASSETS	$	21,876	$	21,042
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	119	$	534
Short-term debt		753		368
Accounts and wages payable		466		806
Taxes accrued		161		55
Interest accrued		105		86
Current regulatory liabilities		132		216
Other current liabilities		350		351
Liabilities of discontinued operations		33		45
Total current liabilities		2,119		2,461
Long-term Debt, Net		5,825		5,504
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		3,845		3,250
Accumulated deferred investment tax credits		59		63
Regulatory liabilities		1,805		1,705
Asset retirement obligations		385		369
Pension and other postretirement benefits		400		466
Other deferred credits and liabilities		522		538
Total deferred credits and other liabilities		7,016		6,391
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,612		5,632
Retained earnings		1,154		907
Accumulated other comprehensive income		6		3
Total Ameren Corporation stockholders’ equity		6,774		6,544
Noncontrolling Interests		142		142
Total equity		6,916		6,686
TOTAL LIABILITIES AND EQUITY	$	21,876	$	21,042

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Nine Months Ended September 30,
	2014			2013
Cash Flows From Operating Activities:
Net income	$	543		$	257
Loss from discontinued operations, net of taxes		3			212
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		526			500
Amortization of nuclear fuel		70			46
Amortization of debt issuance costs and premium/discounts		16			18
Deferred income taxes and investment tax credits, net		370			258
Allowance for equity funds used during construction		(26	)		(26	)
Stock-based compensation costs		20			19
Other		(9	)		14
Changes in assets and liabilities		(305	)		(83	)
Net cash provided by operating activities - continuing operations		1,208			1,215
Net cash provided by (used in) operating activities - discontinued operations		(5	)		99
Net cash provided by operating activities		1,203			1,314
Cash Flows From Investing Activities:
Capital expenditures		(1,310	)		(943	)
Nuclear fuel expenditures		(28	)		(34	)
Purchases of securities - nuclear decommissioning trust fund		(365	)		(147	)
Sales and maturities of securities - nuclear decommissioning trust fund		354			134
Proceeds from note receivable - Illinois Power Marketing Company		79			-
Contributions to note receivable - Illinois Power Marketing Company		(84	)		-
Other		3			(1	)
Net cash used in investing activities - continuing operations		(1,351	)		(991	)
Net cash provided by (used in) investing activities - discontinued operations		139			(42	)
Net cash used in investing activities		(1,212	)		(1,033	)
Cash Flows From Financing Activities:
Dividends on common stock		(291	)		(291	)
Dividends paid to noncontrolling interest holders		(5	)		(5	)
Short-term debt, net		385			-
Redemptions of long-term debt		(692	)		-
Issuances of long-term debt		598			-
Capital issuance costs		(4	)		-
Other		1			-
Net cash used in financing activities - continuing operations		(8	)		(296	)
Net cash used in financing activities - discontinued operations		-			-
Net cash used in financing activities		(8	)		(296	)
Net change in cash and cash equivalents		(17	)		(15	)
Cash and cash equivalents at beginning of year		30			209
Cash and cash equivalents at end of period		13			194
Less cash and cash equivalents at end of period - discontinued operations		-			25
Cash and cash equivalents at end of period - continuing operations	$	13		$	169