XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2022
ASSETS      
Utility Plant $ 8,345.0 $ 8,210.1 $ 7,769.4
Less: Accumulated depreciation and amortization 2,467.3 2,431.2 2,326.5
Net Utility Plant 5,877.7 5,778.9 5,442.9
Non-utility Property (net of accumulated depreciation and amortization of $76.5, $71.1 and $55.6 at December 31, 2023, September 30, 2023, and December 31, 2022, respectively) 687.1 628.5 508.9
Other Investments 105.5 102.6 93.5
Total Other Property and Investments 792.6 731.1 602.4
Other Property and Investments 792.6 731.1 602.4
Current Assets:      
Cash and cash equivalents 4.8 5.6 4.8
Utility 428.8 192.4 479.4
Other 150.6 128.6 334.7
Allowance for credit losses (35.4) (32.5) (34.5)
Delayed customer billings 22.0 22.0 26.7
Accounts receivable:      
Utility 428.8 192.4 479.4
Other 150.6 128.6 334.7
Allowance for credit losses (35.4) (32.5) (34.5)
Delayed customer billings 22.0 22.0 26.7
Inventories:      
Natural gas 220.6 223.7 320.0
Propane gas 8.6 8.6 8.6
Materials and supplies 47.4 47.2 44.1
Regulatory assets 256.4 348.3 269.1
Prepayments 43.3 48.2 31.6
Other current assets 72.8 84.8 145.2
Total Current Assets 1,219.9 1,076.9 1,629.7
Deferred Charges and Other Assets:      
Goodwill 1,171.6 1,171.6 1,171.6
Regulatory assets 1,266.9 1,249.2 1,220.7
Other 303.0 305.9 260.4
Total Deferred Charges and Other Assets 2,741.5 2,726.7 2,652.7
Total Assets 10,631.7 10,313.6 10,327.7
Capitalization:      
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at December 31, 2023, September 30, 2023, and December 31, 2022) 242.0 242.0 242.0
Common stock (par value $1.00 per share; 70.0 million shares authorized; 55.0 million, 53.2 million, and 52.5 million shares issued and outstanding at December 31, 2023, September 30, 2023, and December 31, 2022, respectively) 55.0 53.2 52.5
Paid-in capital 1,727.4 1,616.5 1,571.8
Retained earnings 997.3 958.0 953.0
Accumulated other comprehensive income 29.1 47.6 44.8
Total Shareholders' Equity 3,050.8 2,917.3 2,864.1
Temporary equity 14.8 16.5 16.2
Long-term debt (less current portion) 3,247.8 3,554.0 3,156.3
Total Capitalization 6,313.4 6,487.8 6,036.6
Current Liabilities:      
Current portion of long-term debt 457.0 156.6 256.6
Notes payable 1,047.5 955.5 1,227.0
Accounts payable 293.8 253.1 506.8
Advance customer billings 25.0 20.9 16.9
Wages and compensation accrued 26.1 47.0 30.6
Customer deposits 28.8 27.7 28.8
Taxes accrued 64.9 104.1 57.6
Regulatory liabilities 7.1 7.3 3.7
Other current liabilities 260.3 183.2 276.7
Total Current Liabilities 2,210.5 1,755.4 2,404.7
Deferred Credits and Other Liabilities:      
Deferred income taxes 760.6 743.7 699.4
Pension and postretirement benefit costs 135.5 137.3 159.3
Asset retirement obligations 583.6 577.4 526.2
Regulatory liabilities 487.2 472.4 344.9
Other noncurrent liabilities 140.9 139.6 156.6
Total Deferred Credits and Other Liabilities 2,107.8 2,070.4 1,886.4
Total Capitalization and Liabilities 10,631.7 10,313.6 10,327.7
Spire Missouri [Member]      
ASSETS      
Utility Plant 5,080.2 4,964.9 4,632.6
Less: Accumulated depreciation and amortization 1,063.7 1,043.2 1,003.4
Net Utility Plant 4,016.5 3,921.7 3,629.2
Total Other Property and Investments 67.9 65.7 66.5
Other Property and Investments 67.9 65.7 66.5
Current Assets:      
Cash and cash equivalents 0.0 0.8 0.0
Other 22.2 21.1 28.6
Allowance for credit losses (28.9) (26.2) (28.2)
Delayed customer billings 16.8 17.9 21.5
Accounts receivable:      
Other 22.2 21.1 28.6
Allowance for credit losses (28.9) (26.2) (28.2)
Delayed customer billings 16.8 17.9 21.5
Inventories:      
Natural gas 141.8 132.8 189.9
Propane gas 8.6 8.6 8.6
Materials and supplies 24.6 24.2 23.0
Regulatory assets 212.9 293.1 191.2
Prepayments 22.8 26.7 15.8
Total Current Assets 757.4 642.9 813.4
Deferred Charges and Other Assets:      
Goodwill 210.2 210.2 210.2
Regulatory assets 630.8 617.6 634.7
Other 146.0 147.4 106.0
Total Deferred Charges and Other Assets 987.0 975.2 950.9
Total Assets 5,828.8 5,605.5 5,460.0
Capitalization:      
Retained earnings 1,049.4 992.4 979.2
Accumulated other comprehensive income (2.4) (2.5) (2.6)
Total Shareholders' Equity [1] 1,901.9 1,844.8 1,792.8
Long-term debt (less current portion) 1,485.8 1,785.4 1,388.1
Total Capitalization 3,387.7 3,630.2 3,180.9
Paid-in capital and common stock 854.9 854.9 816.2
Current Liabilities:      
Current portion of long-term debt 300.0 0.0 250.0
Advance customer billings 14.3 11.0 5.3
Wages and compensation accrued 14.4 23.6 21.5
Customer deposits 5.9 5.8 6.3
Taxes accrued 26.4 60.3 24.3
Other current liabilities 111.1 48.7 92.9
Total Current Liabilities 1,218.4 786.3 1,238.2
Deferred Credits and Other Liabilities:      
Deferred income taxes 545.8 531.8 512.4
Pension and postretirement benefit costs 102.0 103.3 101.9
Asset retirement obligations 112.2 111.1 111.7
Regulatory liabilities 404.5 389.4 259.0
Other noncurrent liabilities 58.2 53.4 55.9
Total Deferred Credits and Other Liabilities 1,222.7 1,189.0 1,040.9
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities 5,828.8 5,605.5 5,460.0
Spire Missouri [Member] | Nonrelated Party [Member]      
Current Assets:      
Utility 335.5 142.6 357.2
Accounts receivable:      
Utility 335.5 142.6 357.2
Current Liabilities:      
Accounts payable 106.6 85.8 166.6
Spire Missouri [Member] | Related Party [Member]      
Current Assets:      
Utility 1.1 1.3 5.8
Accounts receivable:      
Utility 1.1 1.3 5.8
Current Liabilities:      
Notes payable 633.3 540.6 651.2
Accounts payable 6.4 10.5 20.1
Spire Alabama Inc [Member]      
ASSETS      
Utility Plant 2,879.8 2,862.6 2,755.8
Less: Accumulated depreciation and amortization 1,289.1 1,273.0 1,196.5
Net Utility Plant 1,590.7 1,589.6 1,559.3
Current Assets:      
Cash and cash equivalents 0.0 1.2 0.0
Other 5.7 6.6 5.4
Allowance for credit losses (5.7) (5.7) (5.5)
Delayed customer billings 4.6 3.6 4.8
Accounts receivable:      
Other 5.7 6.6 5.4
Allowance for credit losses (5.7) (5.7) (5.5)
Delayed customer billings 4.6 3.6 4.8
Inventories:      
Natural gas 40.7 52.4 66.1
Materials and supplies 18.9 19.1 17.2
Regulatory assets 31.0 41.6 67.3
Prepayments 6.8 6.4 4.1
Total Current Assets 175.8 168.6 260.4
Deferred Charges and Other Assets:      
Regulatory assets 612.6 606.9 560.4
Other 84.2 84.2 81.7
Total Deferred Charges and Other Assets 696.8 691.1 649.9
Total Assets 2,463.3 2,449.3 2,469.6
Deferred income taxes 0.0 0.0 7.8
Capitalization:      
Retained earnings 639.2 642.1 595.3
Total Shareholders' Equity 924.1 928.0 900.7
Long-term debt (less current portion) 746.0 745.9 745.6
Total Capitalization 1,670.1 1,673.9 1,646.3
Paid-in capital and common stock 284.9 285.9 305.4
Current Liabilities:      
Advance customer billings 8.8 8.1 9.7
Wages and compensation accrued 3.6 6.6 3.2
Customer deposits 20.0 19.3 19.7
Taxes accrued 32.6 34.5 28.8
Other current liabilities 18.2 14.7 20.7
Total Current Liabilities 249.9 240.3 319.0
Deferred Credits and Other Liabilities:      
Deferred income taxes 13.0 9.1 0.0
Pension and postretirement benefit costs 26.5 27.2 51.4
Asset retirement obligations 455.8 451.0 402.8
Regulatory liabilities 20.7 21.2 22.2
Other noncurrent liabilities 27.3 26.6 27.9
Total Deferred Credits and Other Liabilities 543.3 535.1 504.3
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities 2,463.3 2,449.3 2,469.6
Spire Alabama Inc [Member] | Nonrelated Party [Member]      
Current Assets:      
Utility 73.7 42.2 100.2
Accounts receivable:      
Utility 73.7 42.2 100.2
Current Liabilities:      
Accounts payable 33.7 28.4 87.1
Spire Alabama Inc [Member] | Related Party [Member]      
Current Assets:      
Utility 0.1 1.2 0.8
Accounts receivable:      
Utility 0.1 1.2 0.8
Current Liabilities:      
Notes payable 128.5 124.1 145.8
Accounts payable $ 4.5 $ 4.6 $ 4.0
[1] Accumulated other comprehensive income (loss)