SPIRE INC

For the period ended Dec 31, 2023. Filed Feb 1, 2024.

About this filing

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, 2023 · Filed Feb 1, 2024

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)	2023	2023	2022
ASSETS
Utility Plant	$8,345.0	$8,210.1	$7,769.4
Less: Accumulated depreciation and amortization	2,467.3	2,431.2	2,326.5
Net Utility Plant	5,877.7	5,778.9	5,442.9
Non-utility Property (net of accumulated depreciation and amortization of $76.5, $71.1 and $55.6 at December 31, 2023, September 30, 2023, and December 31, 2022, respectively)	687.1	628.5	508.9
Other Investments	105.5	102.6	93.5
Total Other Property and Investments	792.6	731.1	602.4
Current Assets:
Cash and cash equivalents	4.8	5.6	4.8
Accounts receivable:
Utility	428.8	192.4	479.4
Other	150.6	128.6	334.7
Allowance for credit losses	(35.4)	(32.5)	(34.5)
Delayed customer billings	22.0	22.0	26.7
Inventories:
Natural gas	220.6	223.7	320.0
Propane gas	8.6	8.6	8.6
Materials and supplies	47.4	47.2	44.1
Regulatory assets	256.4	348.3	269.1
Prepayments	43.3	48.2	31.6
Other	72.8	84.8	145.2
Total Current Assets	1,219.9	1,076.9	1,629.7
Deferred Charges and Other Assets:
Goodwill	1,171.6	1,171.6	1,171.6
Regulatory assets	1,266.9	1,249.2	1,220.7
Other	303.0	305.9	260.4
Total Deferred Charges and Other Assets	2,741.5	2,726.7	2,652.7
Total Assets	$10,631.7	$10,313.6	$10,327.7

SPIRE INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

	December 31,	September 30,	December 31,
	2023	2023	2022
CAPITALIZATION AND LIABILITIES
Capitalization:
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at December 31, 2023, September 30, 2023, and December 31, 2022)	$242.0	$242.0	$242.0
Common stock (par value $1.00 per share; 70.0 million shares authorized; 55.0 million, 53.2 million, and 52.5 million shares issued and outstanding at December 31, 2023, September 30, 2023, and December 31, 2022, respectively)	55.0	53.2	52.5
Paid-in capital	1,727.4	1,616.5	1,571.8
Retained earnings	997.3	958.0	953.0
Accumulated other comprehensive income	29.1	47.6	44.8
Total Shareholders' Equity	3,050.8	2,917.3	2,864.1
Temporary equity	14.8	16.5	16.2
Long-term debt (less current portion)	3,247.8	3,554.0	3,156.3
Total Capitalization	6,313.4	6,487.8	6,036.6
Current Liabilities:
Current portion of long-term debt	457.0	156.6	256.6
Notes payable	1,047.5	955.5	1,227.0
Accounts payable	293.8	253.1	506.8
Advance customer billings	25.0	20.9	16.9
Wages and compensation accrued	26.1	47.0	30.6
Customer deposits	28.8	27.7	28.8
Taxes accrued	64.9	104.1	57.6
Regulatory liabilities	7.1	7.3	3.7
Other	260.3	183.2	276.7
Total Current Liabilities	2,210.5	1,755.4	2,404.7
Deferred Credits and Other Liabilities:
Deferred income taxes	760.6	743.7	699.4
Pension and postretirement benefit costs	135.5	137.3	159.3
Asset retirement obligations	583.6	577.4	526.2
Regulatory liabilities	487.2	472.4	344.9
Other	140.9	139.6	156.6
Total Deferred Credits and Other Liabilities	2,107.8	2,070.4	1,886.4
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities	$10,631.7	$10,313.6	$10,327.7

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.