XML 84 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Dec. 31, 2019
Sep. 30, 2019
Dec. 31, 2018
ASSETS      
Utility Plant $ 6,256.1 $ 6,146.5 $ 5,754.8
Less: Accumulated depreciation and amortization 1,823.8 1,794.5 1,709.5
Net Utility Plant 4,432.3 4,352.0 4,045.3
Non-utility Property (net of accumulated depreciation and amortization of $13.9, $12.7 and $11.1 at December 31, 2019, September 30, 2019, and December 31, 2018, respectively) 518.7 477.8 254.5
Other Investments 74.7 72.3 69.5
Total Other Property and Investments 593.4 550.1 324.0
Current Assets:      
Cash and cash equivalents 21.5 5.8 8.4
Accounts receivable:      
Utility 282.0 139.8 339.2
Other 195.6 172.8 242.1
Allowance for doubtful accounts (26.3) (23.0) (24.6)
Delayed customer billings 6.6 4.3 10.9
Inventories:      
Natural gas 149.1 162.6 176.2
Propane gas 10.7 10.7 12.0
Materials and supplies 25.8 23.3 24.5
Regulatory assets 67.9 78.6 63.4
Prepayments 30.8 29.1 25.7
Other 12.7 10.5 27.5
Total Current Assets 776.4 614.5 905.3
Deferred Charges and Other Assets:      
Goodwill 1,171.6 1,171.6 1,171.6
Regulatory assets 750.5 767.6 655.1
Other 236.8 163.4 130.9
Total Deferred Charges and Other Assets 2,158.9 2,102.6 1,957.6
Total Assets 7,961.0 7,619.2 7,232.2
Capitalization:      
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at December 31, 2019 and September 30, 2019) 242.0 242.0 0.0
Common stock (par value $1.00 per share; 70.0 million shares authorized; 51.1 million, 51.0 million, and 50.7 million shares issued and outstanding at December 31, 2019, September 30, 2019, and December 31, 2018, respectively) 51.1 51.0 50.7
Paid-in capital and common stock 1,506.7 1,505.8 1,482.8
Retained earnings 803.1 775.5 752.9
Accumulated other comprehensive loss (16.9) (31.3) (1.8)
Total Shareholders' Equity 2,586.0 2,543.0 2,284.6
Temporary equity 4.1 3.4 0.0
Long-term debt (less current portion) 2,484.4 2,082.6 1,992.0
Total Capitalization 5,074.5 4,629.0 4,276.6
Current Liabilities:      
Current portion of long-term debt 45.3 40.0 175.0
Notes payable 518.9 743.2 626.1
Accounts payable 307.9 301.5 430.9
Advance customer billings 31.4 32.6 19.8
Wages and compensation accrued 35.4 45.7 32.8
Customer deposits 36.5 35.6 36.1
Taxes accrued 43.8 68.5 44.6
Regulatory liabilities 50.0 60.8 37.0
Other 183.3 140.9 161.1
Total Current Liabilities 1,252.5 1,468.8 1,563.4
Deferred Credits and Other Liabilities:      
Deferred income taxes 475.3 451.4 453.2
Pension and postretirement benefit costs 260.7 264.8 182.1
Asset retirement obligations 340.9 337.6 324.5
Regulatory liabilities 417.8 399.0 363.4
Other 139.3 68.6 69.0
Total Deferred Credits and Other Liabilities 1,634.0 1,521.4 1,392.2
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities 7,961.0 7,619.2 7,232.2
Spire Missouri      
ASSETS      
Utility Plant 3,718.9 3,643.2 3,395.8
Less: Accumulated depreciation and amortization 780.1 764.1 720.4
Net Utility Plant 2,938.8 2,879.1 2,675.4
Other Investments 56.8 53.3 53.6
Current Assets:      
Cash and cash equivalents 9.3 2.6 4.9
Accounts receivable:      
Utility 193.8 94.6 227.4
Associated companies 4.8 1.4 4.7
Other 23.7 26.5 17.7
Allowance for doubtful accounts (17.9) (14.9) (18.1)
Delayed customer billings 6.6 4.3 10.9
Inventories:      
Natural gas 92.7 100.1 129.3
Propane gas 10.7 10.7 12.0
Materials and supplies 15.2 13.3 14.3
Regulatory assets 29.4 29.4 29.7
Prepayments 17.8 18.2 14.7
Total Current Assets 386.1 286.2 447.5
Deferred Charges and Other Assets:      
Goodwill 210.2 210.2 210.2
Regulatory assets 491.1 507.5 427.6
Other 88.1 85.6 51.9
Total Deferred Charges and Other Assets 789.4 803.3 689.7
Total Assets 4,171.1 4,021.9 3,866.2
Capitalization:      
Paid-in capital and common stock 765.1 765.1 761.6
Retained earnings 613.3 576.6 542.5
Accumulated other comprehensive loss (2.3) (2.4) (1.6)
Total Shareholders' Equity 1,376.1 1,339.3 1,302.5
Long-term debt (less current portion) 1,098.6 925.0 924.5
Total Capitalization 2,474.7 2,264.3 2,227.0
Current Liabilities:      
Current portion of long-term debt 0.0 0.0 50.0
Notes payable – associated companies 288.1 386.4 308.0
Accounts payable 76.3 75.7 101.5
Accounts payable – associated companies 11.2 5.5 17.4
Advance customer billings 20.7 20.8 9.1
Wages and compensation accrued 25.0 34.5 25.3
Customer deposits 13.6 13.4 13.3
Taxes accrued 14.6 36.4 14.6
Regulatory liabilities 42.4 52.3 20.6
Other 65.7 26.4 65.7
Total Current Liabilities 557.6 651.4 625.5
Deferred Credits and Other Liabilities:      
Deferred income taxes 376.2 364.6 373.7
Pension and postretirement benefit costs 189.3 192.4 137.7
Asset retirement obligations 175.3 173.5 175.9
Regulatory liabilities 345.5 326.5 279.7
Other 52.5 49.2 46.7
Total Deferred Credits and Other Liabilities 1,138.8 1,106.2 1,013.7
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities 4,171.1 4,021.9 3,866.2
Spire Alabama      
ASSETS      
Utility Plant 2,174.1 2,138.0 1,994.5
Less: Accumulated depreciation and amortization 894.2 882.1 841.4
Net Utility Plant 1,279.9 1,255.9 1,153.1
Accounts receivable:      
Utility 71.6 37.5 93.9
Associated companies 0.2 0.0 0.0
Other 8.7 8.5 6.3
Allowance for doubtful accounts (7.4) (6.3) (4.2)
Inventories:      
Natural gas 30.6 35.1 30.1
Materials and supplies 8.1 7.8 8.2
Regulatory assets 24.4 33.9 18.8
Prepayments 6.6 5.3 4.6
Other 0.4 0.4 2.6
Total Current Assets 143.2 122.2 160.3
Deferred Charges and Other Assets:      
Regulatory assets 230.2 231.2 200.2
Deferred income taxes 76.8 81.3 98.3
Other 62.5 53.0 58.4
Total Deferred Charges and Other Assets 369.5 365.5 356.9
Total Assets 1,792.6 1,743.6 1,670.3
Capitalization:      
Paid-in capital and common stock 370.9 370.9 390.9
Retained earnings 466.3 459.1 419.6
Total Shareholders' Equity 837.2 830.0 810.5
Long-term debt (less current portion) 471.7 372.2 322.6
Total Capitalization 1,308.9 1,202.2 1,133.1
Current Liabilities:      
Current portion of long-term debt 40.0 40.0 0.0
Notes payable – associated companies 67.1 128.7 164.2
Accounts payable 51.9 56.2 78.4
Accounts payable – associated companies 3.2 1.6 2.5
Advance customer billings 10.0 10.6 9.9
Wages and compensation accrued 6.5 8.0 5.8
Customer deposits 20.2 19.5 19.5
Taxes accrued 26.1 27.4 26.6
Regulatory liabilities 2.4 3.4 10.2
Other 13.2 9.2 7.8
Total Current Liabilities 240.6 304.6 324.9
Deferred Credits and Other Liabilities:      
Pension and postretirement benefit costs 58.7 59.2 36.2
Asset retirement obligations 150.2 148.7 137.1
Regulatory liabilities 22.3 23.0 30.6
Other 11.9 5.9 8.4
Total Deferred Credits and Other Liabilities 243.1 236.8 212.3
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities $ 1,792.6 $ 1,743.6 $ 1,670.3