SPIRE INC

For the period ended Mar 31, 2024. Filed May 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.

Mar 31, 2024 · Filed May 1, 2024

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

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Contents

Condensed Consolidated Balance Sheets

	March 31,	September 30,	March 31,
(Dollars in millions, except per share amounts)	2024	2023	2023
ASSETS
Utility Plant	$8,480.3	$8,210.1	$7,892.4
Less: Accumulated depreciation and amortization	2,509.3	2,431.2	2,358.5
Net Utility Plant	5,971.0	5,778.9	5,533.9
Non-utility Property (net of accumulated depreciation and amortization of $115.9, $71.1 and $60.6 at March 31, 2024, September 30, 2023, and March 31, 2023, respectively)	886.2	628.5	520.4
Other Investments	105.3	102.6	131.3
Total Other Property and Investments	991.5	731.1	651.7
Current Assets:
Cash and cash equivalents	25.6	5.6	6.9
Accounts receivable:
Utility	398.5	192.4	453.7
Other	107.3	128.6	166.0
Allowance for credit losses	(39.1)	(32.5)	(40.6)
Delayed customer billings	54.8	22.0	85.6
Inventories:
Natural gas	159.0	223.7	146.8
Propane gas	8.6	8.6	8.6
Materials and supplies	47.2	47.2	48.9
Regulatory assets	116.9	348.3	143.0
Prepayments	34.1	48.2	32.5
Other	92.8	84.8	60.2
Total Current Assets	1,005.7	1,076.9	1,111.6
Deferred Charges and Other Assets:
Goodwill	1,171.6	1,171.6	1,171.6
Regulatory assets	1,272.7	1,249.2	1,316.7
Other	298.9	305.9	263.5
Total Deferred Charges and Other Assets	2,743.2	2,726.7	2,751.8
Total Assets	$10,711.4	$10,313.6	$10,049.0

SPIRE INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

	March 31,	September 30,	March 31,
	2024	2023	2023
CAPITALIZATION AND LIABILITIES
Capitalization:
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at March 31, 2024, September 30, 2023, and March 31, 2023)	$242.0	$242.0	$242.0
Common stock (par value $1.00 per share; 70.0 million shares authorized; 57.7 million, 53.2 million, and 52.6 million shares issued and outstanding at March 31, 2024, September 30, 2023, and March 31, 2023, respectively)	57.7	53.2	52.6
Paid-in capital	1,899.7	1,616.5	1,576.5
Retained earnings	1,155.3	958.0	1,089.5
Accumulated other comprehensive income	35.6	47.6	25.9
Total Shareholders' Equity	3,390.3	2,917.3	2,986.5
Temporary equity	10.3	16.5	18.8
Long-term debt (less current portion)	3,421.4	3,554.0	3,702.5
Total Capitalization	6,822.0	6,487.8	6,707.8
Current Liabilities:
Current portion of long-term debt	307.0	156.6	256.6
Notes payable	786.0	955.5	561.0
Accounts payable	193.4	253.1	232.3
Advance customer billings	6.1	20.9	6.8
Wages and compensation accrued	40.2	47.0	38.6
Customer deposits	29.4	27.7	28.3
Taxes accrued	82.6	104.1	79.9
Regulatory liabilities	25.1	7.3	5.3
Other	180.5	183.2	198.1
Total Current Liabilities	1,650.3	1,755.4	1,406.9
Deferred Credits and Other Liabilities:
Deferred income taxes	816.6	743.7	737.9
Pension and postretirement benefit costs	130.0	137.3	158.6
Asset retirement obligations	589.7	577.4	531.5
Regulatory liabilities	557.7	472.4	360.3
Other	145.1	139.6	146.0
Total Deferred Credits and Other Liabilities	2,239.1	2,070.4	1,934.3
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities	$10,711.4	$10,313.6	$10,049.0

ContentsView on SEC.gov

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