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Leases (Tables)
9 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Operating Lease Cost Cash Flow and Noncash Information

Operating lease cost, cash flow and noncash information for the three and nine months ended June 30, 2020 are shown in the following tables.

Three Months Ended June 30, 2020

 

Spire

 

 

Spire Missouri

 

 

Spire Alabama

 

Operating lease cost, including amounts capitalized

 

$

2.1

 

 

$

0.1

 

 

$

0.9

 

Cash flow and noncash information about operating leases:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows representing cash paid for amounts included in the measurement of lease liabilities

 

 

2.2

 

 

 

0.1

 

 

 

0.9

 

Right-of-use assets obtained in exchange for lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended June 30, 2020

 

Spire

 

 

Spire Missouri

 

 

Spire Alabama

 

Operating lease cost, including amounts capitalized

 

$

6.9

 

 

$

0.4

 

 

$

3.0

 

Cash flow and noncash information about operating leases:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows representing cash paid for amounts included in the measurement of lease liabilities

 

 

6.7

 

 

 

0.4

 

 

 

2.8

 

Right-of-use assets obtained in exchange for lease liabilities

 

 

71.1

 

 

 

2.1

 

 

 

10.0

 

Summary of Balance Sheet and Weighted-Average Information about Operating Leases

The following table shows balance sheet and weighted-average information about operating leases as of June 30, 2020.

 

Balance sheet classification

 

Spire

 

 

Spire Missouri

 

 

Spire Alabama

 

Right-of-use assets

Deferred Charges and Other Assets: Other

 

$

66.2

 

 

$

1.8

 

 

$

7.2

 

Lease liabilities, current

Current Liabilities, Other

 

 

6.5

 

 

 

0.3

 

 

 

1.9

 

Lease liabilities, noncurrent

Deferred Credits and Other Liabilities: Other

 

 

59.5

 

 

 

1.4

 

 

 

5.1

 

Weighted-average remaining lease term

 

 

16.0 years

 

 

5.6 years

 

 

3.6 years

 

Weighted-average discount rate

 

 

 

4.2

%

 

 

2.5

%

 

 

2.2

%

Schedule of Maturity Analysis for Operating Lease Liabilities

Following is a maturity analysis by fiscal year for operating lease liabilities as of June 30, 2020.

 

 

 

Spire

 

 

Spire Missouri

 

 

Spire Alabama

 

Remainder of 2020

 

$

1.2

 

 

$

0.1

 

 

$

0.3

 

2021

 

 

7.2

 

 

 

0.4

 

 

 

2.1

 

2022

 

 

7.2

 

 

 

0.4

 

 

 

2.1

 

2023

 

 

7.2

 

 

 

0.3

 

 

 

2.1

 

2024

 

 

5.8

 

 

 

0.3

 

 

 

0.7

 

2025

 

 

5.1

 

 

 

0.3

 

 

 

 

Thereafter

 

 

58.4

 

 

 

0.2

 

 

 

 

Total undiscounted lease payments

 

 

92.1

 

 

 

2.0

 

 

 

7.3

 

Less present value discount

 

 

(26.1

)

 

 

(0.3

)

 

 

(0.3

)

Total current and noncurrent lease liabilities

 

$

66.0

 

 

$

1.7

 

 

$

7.0

 

Schedule of Annual Minimum Rental Commitments for Operating Leases

As of September 30, 2019, the annual minimum rental commitments for operating leases (under ASC 840) were as follows.

 

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

Later

 

 

Total

 

Spire

 

$

8.2

 

 

$

7.0

 

 

$

6.8

 

 

$

6.1

 

 

$

4.8

 

 

$

36.5

 

 

$

69.4

 

Spire Missouri

 

 

0.5

 

 

 

0.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.7

 

Spire Alabama

 

 

2.9

 

 

 

2.1

 

 

 

2.1

 

 

 

2.1

 

 

 

0.7

 

 

 

 

 

 

9.9