SPIRE INC
For the period ended Sep 30, 2024. Filed Nov 20, 2024.
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FY2024 · Filed Nov 20, 2024
SR$89.44+0.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| (In millions) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating Activities: | |||
| Net Income | $250.9 | $217.5 | $220.8 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 278.4 | 254.8 | 237.3 |
| Deferred income taxes and investment tax credits | 57.0 | 36.9 | 57.9 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 12.7 | 334.2 | (26.5) |
| Inventories | 15.8 | 142.8 | (117.2) |
| Regulatory assets and liabilities | 341.4 | (68.7) | (409.0) |
| Accounts payable | (25.1) | (389.2) | 190.7 |
| Delayed/advance customer billings, net | 37.5 | 1.5 | (25.5) |
| Taxes accrued | 1.1 | 15.0 | 11.2 |
| Other assets and liabilities | (65.6) | (117.6) | (93.5) |
| Other | 8.3 | 13.0 | 8.8 |
| Net cash provided by operating activities | 912.4 | 440.2 | 55.0 |
| Investing Activities: | |||
| Capital expenditures | (861.3) | (662.5) | (552.2) |
| Business acquisition, net of cash acquired | (175.9) | (37.0) | — |
| Other | 10.0 | 4.0 | 5.5 |
| Net cash used in investing activities | (1,027.2) | (695.5) | (546.7) |
| Financing Activities: | |||
| Issuance of long-term debt | 495.0 | 755.0 | 300.0 |
| Repayment of long-term debt | (456.6) | (281.2) | (55.8) |
| (Repayment) Issuance of short-term debt, net | (8.5) | (82.0) | 365.5 |
| Issuance of common stock | 287.0 | 41.9 | 51.9 |
| Dividends paid on common stock | (167.1) | (150.7) | (141.9) |
| Dividends paid on preferred stock | (14.8) | (14.8) | (14.8) |
| Other | (11.1) | (7.6) | (4.0) |
| Net cash provided by financing activities | 123.9 | 260.6 | 500.9 |
| Net Increase in Cash, Cash Equivalents, and Restricted Cash | 9.1 | 5.3 | 9.2 |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | 25.8 | 20.5 | 11.3 |
| Cash, Cash Equivalents, and Restricted Cash at End of Year | $34.9 | $25.8 | $20.5 |
| Supplemental disclosure of cash paid for: | |||
| Interest, net of amounts capitalized | $(205.6) | $(177.5) | $(119.9) |
| Income taxes | (0.9) | (2.0) | (1.8) |
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