Ameren (AEE) 8-K Ameren Announces First Quarter 2015 Results

Exhibit 99.2

AMEREN CORPORATION (AEE)

CONSOLIDATED STATEMENT OF INCOME

(Unaudited, in millions, except per share amounts)

	Three Months Ended March 31,
	2015		2014
Operating Revenues:
Electric	$	1,143	$	1,106
Gas		413		488
Total operating revenues		1,556		1,594
Operating Expenses:
Fuel		206		204
Purchased power		139		114
Gas purchased for resale		236		304
Other operations and maintenance		401		418
Depreciation and amortization		193		181
Taxes other than income taxes		125		127
Total operating expenses		1,300		1,348
Operating Income		256		246
Other Income and Expenses:
Miscellaneous income		19		18
Miscellaneous expense		11		9
Total other income		8		9
Interest Charges		88		92
Income Before Income Taxes		176		163
Income Taxes		66		64
Income from Continuing Operations		110		99
Loss from Discontinued Operations, Net of Taxes		-		(1	)
Net Income		110		98
Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests		2		2
Net Income (Loss) Attributable to Ameren Corporation:
Continuing Operations		108		97
Discontinued Operations		-		(1	)
Net Income Attributable to Ameren Corporation	$	108	$	96
Earnings per Common Share – Basic:
Continuing Operations	$	0.45	$	0.40
Discontinued Operations		-		-
Earnings per Common Share – Basic	$	0.45	$	0.40
Average Common Shares Outstanding – Basic		242.6		242.6

AMEREN CORPORATION (AEE)

CONSOLIDATED BALANCE SHEET

(Unaudited, in millions)

	March 31,    2015		December 31, 2014
ASSETS
Current Assets:
Cash and cash equivalents	$	6	$	5
Accounts receivable - trade (less allowance for doubtful accounts)		524		423
Unbilled revenue		212		265
Miscellaneous accounts and notes receivable		100		81
Materials and supplies		449		524
Current regulatory assets		265		295
Current accumulated deferred income taxes, net		331		352
Other current assets		91		86
Assets of discontinued operations		15		15
Total current assets		1,993		2,046
Property and Plant, Net		17,700		17,424
Investments and Other Assets:
Nuclear decommissioning trust fund		558		549
Goodwill		411		411
Regulatory assets		1,577		1,582
Other assets		645		664
Total investments and other assets		3,191		3,206
TOTAL ASSETS	$	22,884	$	22,676
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	380	$	120
Short-term debt		955		714
Accounts and wages payable		434		711
Taxes accrued		79		46
Interest accrued		94		85
Current regulatory liabilities		107		106
Other current liabilities		437		434
Liabilities of discontinued operations		34		33
Total current liabilities		2,520		2,249
Long-term Debt, Net		5,860		6,120
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes, net		3,964		3,923
Accumulated deferred investment tax credits		65		64
Regulatory liabilities		1,897		1,850
Asset retirement obligations		500		396
Pension and other postretirement benefits		708		705
Other deferred credits and liabilities		524		514
Total deferred credits and other liabilities		7,658		7,452
Ameren Corporation Stockholders’ Equity:
Common stock		2		2
Other paid-in capital, principally premium on common stock		5,600		5,617
Retained earnings		1,111		1,103
Accumulated other comprehensive loss		(9)		(9)
Total Ameren Corporation stockholders’ equity		6,704		6,713
Noncontrolling Interests		142		142
Total equity		6,846		6,855
TOTAL LIABILITIES AND EQUITY	$	22,884	$	22,676

AMEREN CORPORATION (AEE)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited, in millions)

	Three Months Ended March 31,
	2015			2014
Cash Flows From Operating Activities:
Net income	$	110		$	98
Loss from discontinued operations, net of taxes		-			1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		195			176
Amortization of nuclear fuel		23			24
Amortization of debt issuance costs and premium/discounts		5			5
Deferred income taxes and investment tax credits, net		59			84
Allowance for equity funds used during construction		(5	)		(7	)
Stock-based compensation costs		8			9
Other		(11	)		(1	)
Changes in assets and liabilities		(87	)		(150	)
Net cash provided by operating activities - continuing operations		297			239
Net cash provided by operating activities - discontinued operations		1			-
Net cash provided by operating activities		298			239
Cash Flows From Investing Activities:
Capital expenditures		(417	)		(442	)
Nuclear fuel expenditures		(17	)		(10	)
Purchases of securities - nuclear decommissioning trust fund		(84	)		(186	)
Sales and maturities of securities - nuclear decommissioning trust fund		79			182
Proceeds from note receivable - Illinois Power Marketing Company		5			56
Contributions to note receivable - Illinois Power Marketing Company		(5	)		(65	)
Net cash used in investing activities - continuing operations		(439	)		(465	)
Net cash provided by investing activities - discontinued operations		-			152
Net cash used in investing activities		(439	)		(313	)
Cash Flows From Financing Activities:
Dividends on common stock		(99	)		(97	)
Dividends paid to noncontrolling interest holders		(2	)		(2	)
Short-term debt, net		241			332
Redemptions of long-term debt		-			(163	)
Other		2			-
Net cash provided by financing activities - continuing operations		142			70
Net cash used in financing activities - discontinued operations		-			-
Net cash provided by financing activities		142			70
Net change in cash and cash equivalents		1			(4	)
Cash and cash equivalents at beginning of year		5			30
Cash and cash equivalents at end of period	$	6		$	26