SPIRE INC

For the period ended Jun 30, 2024. Filed Jul 31, 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.

Jun 30, 2024 · Filed Jul 31, 2024

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

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Contents

Condensed Consolidated Balance Sheets

	June 30,	September 30,	June 30,
(Dollars in millions, except per share amounts)	2024	2023	2023
ASSETS
Utility Plant	$8,612.9	$8,210.1	$8,016.7
Less: Accumulated depreciation and amortization	2,510.4	2,431.2	2,382.9
Net Utility Plant	6,102.5	5,778.9	5,633.8
Non-utility Property (net of accumulated depreciation and amortization of $90.1, $71.1 and $65.7 at June 30, 2024, September 30, 2023, and June 30, 2023, respectively)	917.9	628.5	582.7
Other Investments	112.1	102.6	102.5
Total Other Property and Investments	1,030.0	731.1	685.2
Current Assets:
Cash and cash equivalents	7.4	5.6	5.3
Accounts receivable:
Utility	238.4	192.4	245.9
Other	113.4	128.6	127.4
Allowance for credit losses	(33.2)	(32.5)	(34.7)
Delayed customer billings	26.8	22.0	58.6
Inventories:
Natural gas	175.0	223.7	184.9
Propane gas	8.6	8.6	8.6
Materials and supplies	46.5	47.2	49.6
Regulatory assets	89.8	348.3	93.3
Prepayments	59.3	48.2	55.1
Other	93.8	84.8	67.2
Total Current Assets	825.8	1,076.9	861.2
Deferred Charges and Other Assets:
Goodwill	1,171.6	1,171.6	1,171.6
Regulatory assets	1,282.8	1,249.2	1,421.2
Other	298.2	305.9	264.5
Total Deferred Charges and Other Assets	2,752.6	2,726.7	2,857.3
Total Assets	$10,710.9	$10,313.6	$10,037.5

SPIRE INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

	June 30,	September 30,	June 30,
	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 June 30, 2024, September 30, 2023, and June 30, 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 June 30, 2024, September 30, 2023, and June 30, 2023, respectively)	57.7	53.2	52.6
Paid-in capital	1,901.5	1,616.5	1,578.3
Retained earnings	1,093.4	958.0	1,028.4
Accumulated other comprehensive income	38.6	47.6	31.2
Total Shareholders' Equity	3,333.2	2,917.3	2,932.5
Temporary equity	8.6	16.5	17.7
Long-term debt (less current portion)	3,422.3	3,554.0	3,553.3
Total Capitalization	6,764.1	6,487.8	6,503.5
Current Liabilities:
Current portion of long-term debt	307.0	156.6	406.6
Notes payable	771.0	955.5	557.6
Accounts payable	205.2	253.1	196.3
Advance customer billings	17.1	20.9	7.6
Wages and compensation accrued	41.5	47.0	35.9
Customer deposits	29.5	27.7	27.7
Taxes accrued	90.8	104.1	88.5
Regulatory liabilities	37.9	7.3	5.5
Other	209.8	183.2	204.7
Total Current Liabilities	1,709.8	1,755.4	1,530.4
Deferred Credits and Other Liabilities:
Deferred income taxes	819.6	743.7	735.9
Pension and postretirement benefit costs	128.5	137.3	154.7
Asset retirement obligations	596.0	577.4	538.1
Regulatory liabilities	547.5	472.4	428.1
Other	145.4	139.6	146.8
Total Deferred Credits and Other Liabilities	2,237.0	2,070.4	2,003.6
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities	$10,710.9	$10,313.6	$10,037.5

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.