XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net Income $ 200.6 $ 221.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 96.7 89.1
Deferred income taxes and investment tax credits 42.8 45.5
Changes in assets and liabilities:    
Accounts receivable (64.4) (194.3)
Inventories 69.5 83.9
Regulatory assets and liabilities 74.7 105.9
Accounts payable (50.5) 33.6
Delayed/advance customer billings, net (33.6) (53.2)
Taxes accrued (14.1) (12.9)
Other assets and liabilities 0.1 (20.6)
Other (0.1) (1.4)
Net cash provided by operating activities 321.7 297.5
Investing Activities:    
Capital expenditures (346.1) (376.8)
Business acquisitions 0.0 (7.9)
Other 1.5 (1.9)
Net cash used in investing activities (344.6) (386.6)
Financing Activities:    
Issuance of long-term debt 510.0 190.0
Repayment of long-term debt (140.0) (9.1)
Repayment of short-term debt, net (182.6) (41.6)
Issuance of common stock 15.2 1.0
Dividends paid on common stock (63.8) (58.8)
Dividends paid on preferred stock (7.4) 0.0
Other (5.9) (2.7)
Net cash provided by financing activities 125.5 78.8
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 102.6 (10.3)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 5.8 21.4
Cash and Cash Equivalents at End of Period 108.4 11.1
Supplemental disclosure of cash paid for:    
Interest, net of amounts capitalized (46.7) (49.0)
Income taxes (1.7) (2.0)
Spire Missouri    
Operating Activities:    
Net Income 122.5 131.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 58.3 55.0
Deferred income taxes and investment tax credits 16.4 19.1
Changes in assets and liabilities:    
Accounts receivable (67.6) (123.5)
Inventories 39.3 74.9
Regulatory assets and liabilities 59.8 107.3
Accounts payable 6.8 11.1
Delayed/advance customer billings, net (27.9) (46.4)
Taxes accrued (9.8) (4.8)
Other assets and liabilities (1.9) (14.4)
Other 0.3 2.6
Net cash provided by operating activities 196.2 212.1
Investing Activities:    
Capital expenditures (183.2) (167.1)
Other 0.3 0.8
Net cash used in investing activities (182.9) (166.3)
Financing Activities:    
Issuance of long-term debt 275.0 100.0
Repayment of long-term debt (100.0) 0.0
Issuance of short-term debt, net 185.1 0.0
Repayments to Spire, net (346.8) (112.4)
Dividends paid on common stock (22.6) (28.5)
Other (1.5) 0.0
Net cash provided by financing activities (10.8) (40.9)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 2.5 4.9
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 2.6 2.0
Cash and Cash Equivalents at End of Period 5.1 6.9
Supplemental disclosure of cash paid for:    
Interest, net of amounts capitalized (21.6) (23.8)
Income taxes 0.0 0.0
Spire Alabama    
Operating Activities:    
Net Income 71.0 67.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28.9 27.3
Deferred income taxes and investment tax credits 23.9 22.5
Changes in assets and liabilities:    
Accounts receivable (27.9) (33.5)
Inventories 18.3 3.7
Regulatory assets and liabilities 13.7 0.6
Accounts payable (10.8) 4.0
Delayed/advance customer billings, net (5.3) (7.8)
Taxes accrued (4.4) (7.1)
Other assets and liabilities (7.8) 8.9
Other (2.5) (2.4)
Net cash provided by operating activities 97.1 83.2
Investing Activities:    
Capital expenditures (75.8) (65.7)
Other (3.0) (1.1)
Net cash used in investing activities (78.8) (66.8)
Financing Activities:    
Issuance of long-term debt 100.0 90.0
Repayment of long-term debt (40.0) 0.0
Issuance of short-term debt, net 50.0 0.0
Return of capital to Spire (20.0) (20.0)
Repayments to Spire, net (95.7) (68.8)
Dividends paid on common stock (12.0) (17.0)
Other (0.5) (0.5)
Net cash provided by financing activities (18.2) (16.3)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 0.1 0.1
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 0.0 0.0
Cash and Cash Equivalents at End of Period 0.1 0.1
Supplemental disclosure of cash paid for:    
Interest, net of amounts capitalized (9.5) (8.7)
Income taxes $ 0.0 $ 0.0