XML 21 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net Income $ 240.1 $ 174.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 122.9 114.4
Deferred income taxes and investment tax credits (9.5) 84.1
Changes in assets and liabilities:    
Accounts receivable 20.1 (33.1)
Unamortized purchased gas adjustments 133.0 (26.1)
Accounts payable (53.0) 14.8
Delayed/advance customer billings – net (51.6) (59.7)
Taxes accrued (4.4) (4.8)
Inventories 72.6 27.5
Other assets and liabilities (3.4) 24.2
Other 44.5 4.5
Net cash provided by operating activities 511.3 320.7
Investing Activities:    
Capital expenditures (334.3) (298.6)
Business acquisitions (28.1) 3.8
Other (8.9) 1.1
Net cash used in investing activities (371.3) (293.7)
Financing Activities:    
Issuance of long-term debt 75.0 250.0
Repayment of long-term debt 0.0 (393.8)
(Repayment) issuance of short-term debt – net (286.3) 52.0
Issuance of common stock 154.2 146.4
Dividends paid (80.2) (70.9)
Other (3.2) (7.6)
Net cash used in financing activities (140.5) (23.9)
Net (Decrease) Increase in Cash and Cash Equivalents (0.5) 3.1
Cash and Cash Equivalents at Beginning of Period 7.4 5.2
Cash and Cash Equivalents at End of Period 6.9 8.3
Supplemental disclosure of cash paid for:    
Interest, net of amounts capitalized (60.6) (54.5)
Income taxes (0.9) (0.7)
Spire Missouri    
Operating Activities:    
Net Income 139.3 110.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 74.2 68.9
Deferred income taxes and investment tax credits (23.4) 48.5
Changes in assets and liabilities:    
Accounts receivable (8.3) (11.0)
Unamortized purchased gas adjustments 95.3 12.8
Accounts payable (19.6) (6.2)
Delayed/advance customer billings – net (42.7) (53.8)
Taxes accrued (7.5) (0.7)
Inventories 60.3 31.6
Other assets and liabilities (6.3) 0.5
Other 44.1 1.4
Net cash provided by operating activities 305.4 202.5
Investing Activities:    
Capital expenditures (203.1) (189.5)
Other 0.1 0.7
Net cash used in investing activities (203.0) (188.8)
Financing Activities:    
(Repayment) issuance of short-term debt – net 0.0 (243.7)
(Repayments to) borrowings from Spire – net (74.4) 260.2
Dividends paid (27.0) (28.7)
Other 0.0 (1.0)
Net cash used in financing activities (101.4) (13.2)
Net (Decrease) Increase in Cash and Cash Equivalents 1.0 0.5
Cash and Cash Equivalents at Beginning of Period 2.5 2.1
Cash and Cash Equivalents at End of Period 3.5 2.6
Supplemental disclosure of cash paid for:    
Interest, net of amounts capitalized (30.7) (26.9)
Income taxes 0.0 0.0
Spire Alabama    
Operating Activities:    
Net Income 12.3 65.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39.4 37.2
Deferred income taxes and investment tax credits 85.8 40.3
Changes in assets and liabilities:    
Accounts receivable (14.9) (12.4)
Unamortized purchased gas adjustments 37.6 (39.3)
Accounts payable (0.1) 10.7
Delayed/advance customer billings – net (9.1) (5.9)
Taxes accrued 3.4 (1.1)
Inventories 2.2 5.6
Other assets and liabilities 6.6 (4.1)
Other (0.5) (0.3)
Net cash provided by operating activities 162.7 96.0
Investing Activities:    
Capital expenditures (83.6) (80.2)
Other (1.0) 0.0
Net cash used in investing activities (84.6) (80.2)
Financing Activities:    
Issuance of long-term debt 75.0 0.0
(Repayment) issuance of short-term debt – net 0.0 (82.0)
(Repayments to) borrowings from Spire – net (100.3) 114.9
Return of capital to Spire (30.0) (31.0)
Dividends paid (22.5) (17.2)
Other (0.4) (0.4)
Net cash used in financing activities (78.2) (15.7)
Net (Decrease) Increase in Cash and Cash Equivalents (0.1) 0.1
Cash and Cash Equivalents at Beginning of Period 0.1 0.0
Cash and Cash Equivalents at End of Period 0.0 0.1
Supplemental disclosure of cash paid for:    
Interest, net of amounts capitalized (10.0) (9.3)
Income taxes $ 0.0 $ 0.0