XML 35 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:      
Net income $ 161.6 $ 144.2 $ 136.9
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 154.1 137.5 130.8
Deferred income taxes and investment tax credits 77.0 68.8 65.5
Changes in assets and liabilities:      
Accounts receivable – net (63.0) (12.3) (4.8)
Unamortized purchased gas adjustments (50.9) (52.8) 27.1
Accounts payable 51.1 30.0 (30.0)
Delayed/advance customer billings – net (40.0) 26.9 20.3
Taxes accrued 5.8 (0.4) (17.0)
Inventories (23.5) 16.5 54.8
Other assets and liabilities 11.9 (35.0) (67.6)
Other 4.2 4.9 6.4
Net cash provided by operating activities 288.3 328.3 322.4
Investing Activities:      
Capital expenditures (438.1) (293.3) (289.8)
Acquisition of Spire EnergySouth (net of $2.0 cash acquired) and final settlement 3.8 (317.7) 0.0
Final settlement related to acquisition of Spire Alabama 0.0 0.0 (8.2)
Other 0.8 (1.7) (0.7)
Net cash used in investing activities (433.5) (612.7) (298.7)
Financing Activities:      
Issuance of long-term debt 420.0 245.0 35.0
Repayment of long-term debt (393.8) (80.0) (34.8)
Issuance of short-term debt - net 78.6 60.7 50.8
Issuance of common stock 146.9 137.1 3.1
Dividends paid (96.2) (85.2) (79.0)
Other (8.1) (1.8) (1.1)
Net cash provided by (used in) financing activities 147.4 275.8 (26.0)
Net Increase (Decrease) in Cash and Cash Equivalents 2.2 (8.6) (2.3)
Cash and Cash Equivalents at Beginning of Year 5.2 13.8 16.1
Cash and Cash Equivalents at End of Year 7.4 5.2 13.8
Supplemental disclosure of cash (paid) refunded for:      
Interest (85.5) (72.5) (65.3)
Income taxes (1.3) 2.9 1.3
Spire Missouri      
Operating Activities:      
Net income 113.0 105.9 105.3
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 93.1 88.6 82.6
Deferred income taxes and investment tax credits 47.5 45.3 45.4
Changes in assets and liabilities:      
Accounts receivable – net (20.5) 35.7 9.9
Unamortized purchased gas adjustments (11.6) (18.7) 21.3
Accounts payable 16.8 0.9 (11.4)
Delayed/advance customer billings – net (37.6) 24.9 17.9
Taxes accrued 5.0 4.9 (14.6)
Inventories (13.0) 11.0 51.2
Other assets and liabilities (11.6) (29.6) (32.8)
Other 1.6 2.3 2.8
Net cash provided by operating activities 182.7 271.2 277.6
Investing Activities:      
Capital expenditures (282.2) (197.8) (198.6)
Other 1.1 1.1 2.9
Net cash used in investing activities (281.1) (196.7) (195.7)
Financing Activities:      
Issuance of first mortgage bonds 170.0 0.0 0.0
Issuance of short-term debt - net (243.7) 10.7 (5.7)
Borrowings from Spire 203.0 0.0 18.4
Repayment of borrowings from Spire 0.0 0.0 (18.4)
Dividends paid (28.7) (84.8) (78.7)
Other (1.8) 0.0 0.5
Net cash provided by (used in) financing activities 98.8 (74.1) (83.9)
Net Increase (Decrease) in Cash and Cash Equivalents 0.4 0.4 (2.0)
Cash and Cash Equivalents at Beginning of Year 2.1 1.7 3.7
Cash and Cash Equivalents at End of Year 2.5 2.1 1.7
Supplemental disclosure of cash (paid) refunded for:      
Interest (38.6) (35.7) (31.0)
Income taxes 0.0 2.1 0.7
Spire Alabama      
Operating Activities:      
Net income 58.1 53.2 48.0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 49.9 47.8 47.3
Deferred income taxes and investment tax credits 35.8 33.2 29.2
Changes in assets and liabilities:      
Accounts receivable – net (10.0) (11.1) (9.1)
Unamortized purchased gas adjustments (39.6) (33.8) 5.8
Accounts payable 8.8 9.1 (10.4)
Delayed/advance customer billings – net (2.5) 2.0 2.4
Taxes accrued 1.8 (5.2) (4.0)
Inventories 0.1 5.3 7.2
Other assets and liabilities (16.6) (3.2) (18.0)
Other (1.3) 0.9 2.0
Net cash provided by operating activities 84.5 98.2 100.4
Investing Activities:      
Capital expenditures (113.9) (93.4) (85.8)
Other (0.4) (2.5) (1.0)
Net cash used in investing activities (114.3) (95.9) (86.8)
Financing Activities:      
Issuance of long-term debt 0.0 80.0 35.0
Repayment of long-term debt 0.0 (80.0) (34.8)
Issuance of short-term debt - net (82.0) 51.0 15.0
Borrowings from Spire 169.9 0.0 0.0
Return of capital to Spire (31.0) (29.0) (27.0)
Dividends paid (27.0) (31.5) 0.0
Other 0.0 0.0 (0.2)
Net cash provided by (used in) financing activities 29.9 (9.5) (12.0)
Net Increase (Decrease) in Cash and Cash Equivalents 0.1 (7.2) 1.6
Cash and Cash Equivalents at Beginning of Year 0.0 7.2 5.6
Cash and Cash Equivalents at End of Year 0.1 0.0 7.2
Supplemental disclosure of cash (paid) refunded for:      
Interest (12.8) (12.4) (12.3)
Income taxes $ 0.0 $ 0.8 $ 0.0