SPIRE INC
For the period ended Dec 31, 2023. Filed Feb 1, 2024.
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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, 2023 · Filed Feb 1, 2024
SR$89.44+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended December 31, | ||
|---|---|---|
| (In millions) | 2023 | 2022 |
| Operating Activities: | ||
| Net Income | $85.1 | $91.0 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 67.0 | 62.1 |
| Deferred income taxes and investment tax credits | 21.0 | 21.6 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (255.5) | (156.9) |
| Inventories | 2.9 | 49.7 |
| Regulatory assets and liabilities | 91.7 | (90.1) |
| Accounts payable | 54.0 | (96.7) |
| Delayed/advance customer billings, net | 4.0 | (7.2) |
| Taxes accrued | (42.3) | (32.1) |
| Other assets and liabilities | 40.9 | (15.6) |
| Other | 1.2 | 3.4 |
| Net cash provided by (used in) operating activities | 70.0 | (170.8) |
| Investing Activities: | ||
| Capital expenditures | (226.5) | (154.8) |
| Other | 1.3 | 3.1 |
| Net cash used in investing activities | (225.2) | (151.7) |
| Financing Activities: | ||
| Issuance of long-term debt | — | 205.0 |
| Repayment of long-term debt | (6.6) | (31.2) |
| Issuance of short-term debt, net | 92.0 | 189.5 |
| Issuance of common stock | 113.2 | 0.4 |
| Dividends paid on common stock | (38.8) | (36.3) |
| Dividends paid on preferred stock | (3.7) | (3.7) |
| Other | (1.4) | (2.7) |
| Net cash provided by financing activities | 154.7 | 321.0 |
| Net Decrease in Cash, Cash Equivalents, and Restricted Cash | (0.5) | (1.5) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 25.8 | 20.5 |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $25.3 | $19.0 |
| Supplemental disclosure of cash paid for: | ||
| Interest, net of amounts capitalized | $(44.3) | $(36.9) |
| Income taxes | (0.3) | (0.3) |
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