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

Operating lease cost, cash flow and noncash information for the year ended September 30, 2020, are shown in the following table.

 

 

Spire

 

 

Spire Missouri

 

 

Spire Alabama

 

Operating lease cost, including amounts capitalized

 

$

8.7

 

 

$

0.5

 

 

$

3.5

 

Cash flow and noncash information about operating leases:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

8.5

 

 

 

0.5

 

 

 

3.3

 

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 September 30, 2020.

 

Balance sheet classification

 

Spire

 

 

Spire Missouri

 

 

Spire Alabama

 

Right-of-use assets

Deferred Charges and Other Assets: Other

 

$

65.1

 

 

$

1.7

 

 

$

6.7

 

Lease liabilities, current

Current Liabilities, Other

 

 

6.5

 

 

 

0.3

 

 

 

1.9

 

Lease liabilities, noncurrent

Deferred Credits and Other Liabilities: Other

 

 

58.4

 

 

 

1.4

 

 

 

4.7

 

Weighted-average remaining lease term

 

 

15.9 years

 

 

5.3 years

 

 

3.3 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 September 30, 2020.

 

 

 

Spire

 

 

Spire Missouri

 

 

Spire Alabama

 

2021

 

$

6.6

 

 

$

0.3

 

 

$

1.9

 

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

 

 

90.3

 

 

 

1.8

 

 

 

6.8

 

Less present value discount

 

 

(25.4

)

 

 

(0.1

)

 

 

(0.2

)

Total current and noncurrent lease liabilities

 

$

64.9

 

 

$

1.7

 

 

$

6.6

 

Schedule of Annual Minimum Rental Commitments for Operating Leases

The aggregate rental expense for fiscal years 2018 and 2019 and the annual minimum rental commitments for all leases having an initial or remaining non-cancelable term of more than one year as of September 30, 2019, were as follows (under ASC 840).

 

 

Aggregate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rental Expense

 

 

Minimum Rental Commitments as of September 30, 2019

 

 

 

2018

 

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

Later

 

 

Total

 

Spire

 

$

10.0

 

 

$

10.9

 

 

$

8.2

 

 

$

7.0

 

 

$

6.8

 

 

$

6.1

 

 

$

4.8

 

 

$

36.5

 

 

$

69.4

 

Spire Missouri

 

 

3.6

 

 

 

3.7

 

 

 

0.5

 

 

 

0.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.7

 

Spire Alabama

 

 

4.7

 

 

 

5.2

 

 

 

2.9

 

 

 

2.1

 

 

 

2.1

 

 

 

2.1

 

 

 

0.7

 

 

 

 

 

 

9.9