AMEREN CORP - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - May 10, 2016

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Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
 
 
Three Months Ended March 31,
 
2016
 
2015
Operating Revenues:
 
 
 
Electric
$
1,102

 
$
1,143

Gas
332

 
413

Total operating revenues
1,434

 
1,556

Operating Expenses:
 
 
 
Fuel
203

 
206

Purchased power
138

 
139

Gas purchased for resale
152

 
236

Other operations and maintenance
400

 
401

Depreciation and amortization
207

 
193

Taxes other than income taxes
114

 
125

Total operating expenses
1,214

 
1,300

Operating Income
220

 
256

Other Income and Expense:
 
 
 
Miscellaneous income
20

 
19

Miscellaneous expense
7

 
11

Total other income
13

 
8

Interest Charges
95

 
88

Income Before Income Taxes
138

 
176

Income Taxes
31

 
66

Income from Continuing Operations
107

 
110

Income from Discontinued Operations, Net of Taxes
—

 
—

Net Income
107

 
110

Less: Net Income from Continuing Operations Attributable to Noncontrolling Interests
2

 
2

Net Income Attributable to Ameren Common Shareholders:
 
 
 
Continuing Operations
105

 
108

Discontinued Operations
—

 
—

Net Income Attributable to Ameren Common Shareholders
$
105

 
$
108

Earnings per Common Share – Basic and Diluted:
 
 
 
Continuing Operations
$
0.43

 
$
0.45

Discontinued Operations
—

 
—

Earnings per Common Share – Basic and Diluted
$
0.43

 
$
0.45

 
 
 
 
Average Common Shares Outstanding – Basic
242.6

 
242.6





AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
 
March 31, 2016
 
December 31, 2015
ASSETS
 
 
 
Current Assets:
 
 
 
Cash and cash equivalents
$
13

 
$
292

Accounts receivable - trade (less allowance for doubtful accounts)
428

 
388

Unbilled revenue
186

 
239

Miscellaneous accounts and notes receivable
56

 
98

Materials and supplies
483

 
538

Current regulatory assets
215

 
260

Other current assets
63

 
88

Assets of discontinued operations
14

 
14

Total current assets
1,458

 
1,917

Property and Plant, Net
19,000

 
18,799

Investments and Other Assets:
 
 
 
Nuclear decommissioning trust fund
567

 
556

Goodwill
411

 
411

Regulatory assets
1,376

 
1,382

Other assets
573

 
575

Total investments and other assets
2,927

 
2,924

TOTAL ASSETS
$
23,385

 
$
23,640

LIABILITIES AND EQUITY
 
 
 
Current Liabilities:
 
 
 
Current maturities of long-term debt
$
135

 
$
395

Short-term debt
581

 
301

Accounts and wages payable
429

 
777

Taxes accrued
77

 
43

Interest accrued
99

 
89

Customer deposits
98

 
100

Current regulatory liabilities
87

 
80

Other current liabilities
305

 
279

Liabilities of discontinued operations
28

 
29

Total current liabilities
1,839

 
2,093

Long-term Debt, Net
6,881

 
6,880

Deferred Credits and Other Liabilities:
 
 
 
Accumulated deferred income taxes, net
3,928

 
3,885

Accumulated deferred investment tax credits
59

 
60

Regulatory liabilities
1,931

 
1,905

Asset retirement obligations
625

 
618

Pension and other postretirement benefits
581

 
580

Other deferred credits and liabilities
530

 
531

Total deferred credits and other liabilities
7,654

 
7,579

Ameren Corporation Shareholders’ Equity:
 
 
 
Common stock
2

 
2

Other paid-in capital, principally premium on common stock
5,539

 
5,616

Retained earnings
1,333

 
1,331

Accumulated other comprehensive loss
(5
)
 
(3
)
Total Ameren Corporation shareholders’ equity
6,869

 
6,946

Noncontrolling Interests
142

 
142

Total equity
7,011

 
7,088

TOTAL LIABILITIES AND EQUITY
$
23,385

 
$
23,640





AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 
Three Months Ended March 31,
 
2016
 
2015
Cash Flows From Operating Activities:
 
 
 
Net income
$
107

 
$
110

(Income) from discontinued operations, net of taxes
—

 
—

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
210

 
195

Amortization of nuclear fuel
24

 
23

Amortization of debt issuance costs and premium/discounts
6

 
5

Deferred income taxes and investment tax credits, net
42

 
59

Allowance for equity funds used during construction
(8
)
 
(5
)
Share-based compensation costs
6

 
8

Other
(3
)
 
(11
)
Changes in assets and liabilities
(34
)
 
(73
)
Net cash provided by operating activities – continuing operations
350

 
311

Net cash provided by (used in) operating activities – discontinued operations
(1
)
 
1

Net cash provided by operating activities
349

 
312

Cash Flows From Investing Activities:
 
 
 
Capital expenditures
(496
)
 
(417
)
Nuclear fuel expenditures
(21
)
 
(17
)
Purchases of securities – nuclear decommissioning trust fund
(130
)
 
(84
)
Sales and maturities of securities – nuclear decommissioning trust fund
125

 
79

Proceeds from note receivable – Illinois Power Marketing Company
—

 
5

Contributions to note receivable – Illinois Power Marketing Company
—

 
(5
)
Other
(2
)
 
—

Net cash used in investing activities – continuing operations
(524
)
 
(439
)
Net cash provided by investing activities – discontinued operations
14

 
—

Net cash used in investing activities
(510
)
 
(439
)
Cash Flows From Financing Activities:
 
 
 
Dividends on common stock
(103
)
 
(99
)
Dividends paid to noncontrolling interest holders
(2
)
 
(2
)
Short-term debt, net
280

 
241

Maturity of long-term debt
(260
)
 
—

Employee payroll taxes related to share-based payments
(32
)
 
(12
)
Other
(1
)
 
—

Net cash provided by (used in) financing activities – continuing operations
(118
)
 
128

Net change in cash and cash equivalents
(279
)
 
1

Cash and cash equivalents at beginning of year
292

 
5

Cash and cash equivalents at end of period
$
13

 
$
6



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