SPIRE INC

For the period ended Dec 31, 2024. Filed Feb 5, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2024 · Filed Feb 5, 2025

SR$88.86+0.1%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

	December 31,	September 30,	December 31,
(Dollars in millions, except per share amounts)	2024	2024	2023
ASSETS
Utility Plant	$8,946.3	$8,779.1	$8,345.0
Less: Accumulated depreciation and amortization	2,570.3	2,535.8	2,467.3
Net Utility Plant	6,376.0	6,243.3	5,877.7
Non-utility Property (net of accumulated depreciation and amortization of $103.9, $96.8 and $76.5 at December 31, 2024, September 30, 2024, and December 31, 2023, respectively)	982.5	955.3	687.1
Other Investments	118.5	115.3	105.5
Total Other Property and Investments	1,101.0	1,070.6	792.6
Current Assets:
Cash and cash equivalents	11.5	4.5	4.8
Accounts receivable:
Utility	379.6	196.3	428.8
Other	172.3	112.5	150.6
Allowance for credit losses	(34.7)	(31.4)	(35.4)
Delayed customer billings	18.4	12.0	22.0
Inventories:
Natural gas	187.0	208.6	220.6
Propane gas	8.6	8.6	8.6
Materials and supplies	47.0	46.7	47.4
Regulatory assets	89.6	115.4	256.4
Prepayments	41.5	47.6	43.3
Other	67.2	50.5	72.8
Total Current Assets	988.0	771.3	1,219.9
Deferred Charges and Other Assets:
Goodwill	1,171.6	1,171.6	1,171.6
Regulatory assets	1,288.4	1,251.8	1,266.9
Other	350.8	352.1	303.0
Total Deferred Charges and Other Assets	2,810.8	2,775.5	2,741.5
Total Assets	$11,275.8	$10,860.7	$10,631.7

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

	December 31,	September 30,	December 31,
	2024	2024	2023
CAPITALIZATION AND LIABILITIES
Capitalization:
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at December 31, 2024, September 30, 2024, and December 31, 2023)	$242.0	$242.0	$242.0
Common stock (par value $1.00 per share; 70.0 million shares authorized; 58.3 million, 57.7 million, and 55.0 million shares issued and outstanding at December 31, 2024, September 30, 2024, and December 31, 2023, respectively)	58.3	57.7	55.0
Paid-in capital	1,933.7	1,902.2	1,727.4
Retained earnings	1,050.5	1,018.7	997.3
Accumulated other comprehensive income	24.4	12.1	29.1
Total Shareholders' Equity	3,308.9	3,232.7	3,050.8
Temporary equity	8.4	8.6	14.8
Long-term debt (less current portion)	3,697.7	3,704.4	3,247.8
Total Capitalization	7,015.0	6,945.7	6,313.4
Current Liabilities:
Current portion of long-term debt	42.5	42.0	457.0
Notes payable	1,158.0	947.0	1,047.5
Accounts payable	292.3	237.2	293.8
Advance customer billings	59.2	48.4	25.0
Wages and compensation accrued	28.7	51.5	26.1
Customer deposits	31.6	29.9	28.8
Taxes accrued	61.4	105.2	64.9
Regulatory liabilities	51.0	49.5	7.1
Other	266.5	193.2	260.3
Total Current Liabilities	1,991.2	1,703.9	2,210.5
Deferred Credits and Other Liabilities:
Deferred income taxes	838.3	808.4	760.6
Pension and postretirement benefit costs	126.6	146.7	135.5
Asset retirement obligations	586.0	579.9	583.6
Regulatory liabilities	577.2	535.5	487.2
Other	141.5	140.6	140.9
Total Deferred Credits and Other Liabilities	2,269.6	2,211.1	2,107.8
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities	$11,275.8	$10,860.7	$10,631.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.