Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
 
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Operating Revenues:
Electric$2,038 $1,521 $3,660 $2,885 
Natural gas183 172 658 624 
Total operating revenues2,221 1,693 4,318 3,509 
Operating Expenses:
Fuel and purchased power794 327 1,296 655 
Natural gas purchased for resale39 33 208 184 
Other operations and maintenance460 465 945 935 
Depreciation and amortization386 376 753 737 
Taxes other than income taxes131 131 275 266 
Total operating expenses1,810 1,332 3,477 2,777 
Operating Income411 361 841 732 
Other Income, Net96 103 181 192 
Interest Charges187 165 362 319 
Income Before Income Taxes320 299 660 605 
Income Taxes43 39 93 83 
Net Income277 260 567 522 
Less: Net Income Attributable to Noncontrolling Interests 2 3 
Net Income Attributable to Ameren Common Shareholders$275 $258 $564 $519 
Earnings per Common Share - Basic$1.02 $0.97 $2.09 $1.95 
Earnings per Common Share – Diluted$1.01 $0.97 $2.08 $1.95 
Weighted-average Common Shares Outstanding – Basic270.3 266.7 270.1 266.5 
Weighted-average Common Shares Outstanding – Diluted271.6 266.8 271.5 266.8 



AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
June 30,
2025
December 31, 2024
ASSETS
Current Assets:
Cash and cash equivalents$11 $
Accounts receivable - trade (less allowance for doubtful accounts)567 525 
Unbilled revenue467 346 
Miscellaneous accounts receivable101 96 
Inventories738 762 
Current regulatory assets332 366 
Other current assets258 162 
Total current assets2,474 2,264 
Property, Plant, and Equipment, Net37,816 36,304 
Investments and Other Assets:
Nuclear decommissioning trust fund1,414 1,342 
Goodwill411 411 
Regulatory assets2,666 2,397 
Pension and other postretirement benefits734 757 
Other assets1,110 1,123 
Total investments and other assets6,335 6,030 
TOTAL ASSETS$46,625 $44,598 
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt$29 $317 
Short-term debt1,141 1,143 
Accounts and wages payable882 1,059 
Taxes accrued155 60 
Interest accrued230 196 
Customer deposits240 223 
Other current liabilities 410 415 
Total current liabilities3,087 3,413 
Long-term Debt, Net18,811 17,262 
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net4,881 4,474 
Regulatory liabilities6,014 5,897 
Asset retirement obligations838 822 
Other deferred credits and liabilities551 487 
Total deferred credits and other liabilities12,284 11,680 
Shareholders’ Equity:
Common stock3 
Other paid-in capital, principally premium on common stock7,541 7,513 
Retained earnings4,784 4,604 
Accumulated other comprehensive loss(14)(6)
Total shareholders’ equity12,314 12,114 
Noncontrolling Interests129 129 
Total equity12,443 12,243 
TOTAL LIABILITIES AND EQUITY$46,625 $44,598 



AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
 Six Months Ended June 30,
 20252024
Cash Flows From Operating Activities:
Net income $567 $522 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization793 760 
Amortization of nuclear fuel20 38 
Amortization of debt issuance costs and premium/discounts10 
Deferred income taxes and tax credits, net172 76 
Allowance for equity funds used during construction(39)(25)
Stock-based compensation costs14 14 
Other10 13 
Changes in assets and liabilities(254)(358)
Net cash provided by operating activities1,293 1,049 
Cash Flows From Investing Activities:
Capital expenditures(2,130)(1,892)
Nuclear fuel expenditures(19)(37)
Purchases of securities – nuclear decommissioning trust fund(244)(323)
Sales and maturities of securities – nuclear decommissioning trust fund223 309 
Other59 11 
Net cash used in investing activities(2,111)(1,932)
Cash Flows From Financing Activities:
Dividends on common stock(384)(356)
Dividends paid to noncontrolling interest holders(3)(3)
Short-term debt, net(2)156 
Maturities and extinguishment of long-term debt(324)(350)
Issuances of long-term debt1,599 1,470 
Issuances of common stock25 21 
Employee payroll taxes related to stock-based compensation(13)(8)
Debt issuance costs(14)(18)
Net cash provided by financing activities884 912 
Net change in cash, cash equivalents, and restricted cash66 29 
Cash, cash equivalents, and restricted cash at beginning of year(a)
328 272 
Cash, cash equivalents, and restricted cash at end of period(b)
$394 $301 
(a)Includes $7 million of cash and cash equivalents and $321 million of restricted cash as of December 31, 2024.
(a)Includes $11 million of cash and cash equivalents and $383 million of restricted cash as of June 30, 2025.