SPIRE ALABAMA INC
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
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FY2025 · Filed Nov 14, 2025
SR$88.86+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
| (In millions) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating Activities: | |||
| Net Income | $128.3 | $118.4 | $117.5 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 188.4 | 174.0 | 158.7 |
| Deferred income taxes and investment tax credits | 13.6 | 14.8 | 11.6 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (9.3) | (14.2) | 16.0 |
| Inventories | (20.5) | 3.0 | 80.2 |
| Regulatory assets and liabilities | 22.0 | 310.8 | (22.4) |
| Accounts payable | 28.6 | (5.3) | (45.7) |
| Delayed/advance customer billings, net | 9.2 | 36.7 | 2.2 |
| Taxes accrued | 5.9 | 0.1 | 9.7 |
| Other assets and liabilities | (25.2) | (65.2) | (108.4) |
| Other | 2.7 | 1.4 | 1.7 |
| Net cash provided by operating activities | 343.7 | 574.5 | 221.1 |
| Investing Activities: | |||
| Capital expenditures | (641.2) | (553.0) | (447.5) |
| Other | 4.5 | 6.7 | 4.1 |
| Net cash used in investing activities | (636.7) | (546.3) | (443.4) |
| Financing Activities: | |||
| Issuance of long-term debt | 150.0 | 320.0 | 400.0 |
| Repayment of long-term debt | — | (300.0) | (250.0) |
| Borrowings (repayments to) from Spire, net | 71.0 | (45.3) | 95.3 |
| Issuance of common stock | 74.4 | — | 38.7 |
| Dividends paid | — | — | (57.0) |
| Other | (2.4) | (3.7) | (3.9) |
| Net cash provided by (used in) financing activities | 293.0 | (29.0) | 223.1 |
| Net Increase (Decrease) in Cash and Cash Equivalents | — | (0.8) | 0.8 |
| Cash and Cash Equivalents at Beginning of Year | — | 0.8 | — |
| Cash and Cash Equivalents at End of Year | $— | $— | $0.8 |
| Supplemental disclosure of cash paid for: | |||
| Interest, net of amounts capitalized | $(102.9) | $(111.6) | $(93.8) |
| Income taxes | (0.9) | (0.4) | (0.2) |
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