XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2020
Sep. 30, 2019
Jun. 30, 2019
ASSETS      
Utility Plant $ 6,472.2 $ 6,146.5 $ 5,990.6
Less: Accumulated depreciation and amortization 1,882.1 1,794.5 1,770.4
Net Utility Plant 4,590.1 4,352.0 4,220.2
Non-utility Property (net of accumulated depreciation and amortization of $20.8, $12.7 and $11.1 at June 30, 2020, September 30, 2019, and June 30, 2019, respectively) 420.1 477.8 416.6
Other Investments 70.6 72.3 74.8
Total Other Property and Investments 490.7 550.1 491.4
Current Assets:      
Cash and cash equivalents 7.4 5.8 5.8
Accounts receivable:      
Utility 153.2 139.8 167.2
Other 122.4 172.8 193.2
Allowance for doubtful accounts (27.5) (23.0) (23.7)
Delayed customer billings 10.5 4.3 19.4
Inventories:      
Natural gas 110.5 162.6 123.8
Propane gas 10.7 10.7 10.7
Materials and supplies 27.4 23.3 23.7
Regulatory assets 70.2 78.6 79.0
Prepayments 42.2 29.1 39.5
Other 32.3 10.5 11.2
Total Current Assets 559.3 614.5 649.8
Deferred Charges and Other Assets:      
Goodwill 1,171.6 1,171.6 1,171.6
Regulatory assets 791.8 767.6 657.1
Other 219.1 163.4 141.9
Total Deferred Charges and Other Assets 2,182.5 2,102.6 1,970.6
Total Assets 7,822.6 7,619.2 7,332.0
Capitalization:      
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at June 30, 2020, September 30, 2019, and June 30, 2019) 242.0 242.0 242.0
Common stock (par value $1.00 per share; 70.0 million shares authorized; 51.5 million, 51.0 million, and 50.8 million shares issued and outstanding at June 30, 2020, September 30, 2019, and June 30, 2019, respectively) 51.5 51.0 50.8
Paid-in capital and common stock 1,539.9 1,505.8 1,492.7
Retained earnings 774.6 775.5 844.3
Accumulated other comprehensive loss (49.6) (31.3) (17.2)
Total Shareholders' Equity 2,558.4 2,543.0 2,612.6
Temporary equity 4.1 3.4 0.0
Long-term debt (less current portion) 2,478.3 2,082.6 2,042.3
Total Capitalization 5,040.8 4,629.0 4,654.9
Current Liabilities:      
Current portion of long-term debt 5.4 40.0 165.0
Notes payable 477.6 743.2 434.0
Accounts payable 200.8 301.5 297.6
Advance customer billings 22.4 32.6 11.6
Wages and compensation accrued 44.3 45.7 43.6
Customer deposits 35.4 35.6 35.7
Taxes accrued 61.0 68.5 56.7
Regulatory liabilities 58.8 60.8 31.3
Other 202.1 140.9 144.1
Total Current Liabilities 1,107.8 1,468.8 1,219.6
Deferred Credits and Other Liabilities:      
Deferred income taxes 479.7 451.4 490.4
Pension and postretirement benefit costs 271.9 264.8 172.1
Asset retirement obligations 348.2 337.6 328.9
Regulatory liabilities 449.6 399.0 396.3
Other 124.6 68.6 69.8
Total Deferred Credits and Other Liabilities 1,674.0 1,521.4 1,457.5
Commitments and Contingencies (Note 10)
Total Capitalization and Liabilities 7,822.6 7,619.2 7,332.0
Spire Missouri      
ASSETS      
Utility Plant 3,865.3 3,643.2 3,545.9
Less: Accumulated depreciation and amortization 817.7 764.1 753.3
Net Utility Plant 3,047.6 2,879.1 2,792.6
Other Investments 55.6 53.3 54.9
Current Assets:      
Cash and cash equivalents 0.7 2.6 3.7
Accounts receivable:      
Utility 109.6 94.6 115.0
Associated companies 1.1 1.4 4.1
Other 21.6 26.5 22.2
Allowance for doubtful accounts (19.0) (14.9) (16.5)
Delayed customer billings 6.6 4.3 19.4
Inventories:      
Natural gas 68.3 100.1 72.5
Propane gas 10.7 10.7 10.7
Materials and supplies 16.2 13.3 13.5
Regulatory assets 29.5 29.4 30.2
Prepayments 27.3 18.2 25.4
Total Current Assets 272.6 286.2 300.2
Deferred Charges and Other Assets:      
Goodwill 210.2 210.2 210.2
Regulatory assets 531.9 507.5 429.2
Other 82.2 85.6 53.7
Total Deferred Charges and Other Assets 824.3 803.3 693.1
Total Assets 4,200.1 4,021.9 3,840.8
Capitalization:      
Paid-in capital and common stock 765.1 765.1 763.9
Retained earnings 671.7 576.6 613.9
Accumulated other comprehensive loss (2.4) (2.4) (1.5)
Total Shareholders' Equity 1,434.4 1,339.3 1,376.3
Long-term debt (less current portion) 1,091.9 925.0 924.8
Total Capitalization 2,526.3 2,264.3 2,301.1
Current Liabilities:      
Notes payable – associated companies 218.3 386.4 281.5
Accounts payable 60.4 75.7 62.3
Accounts payable – associated companies 6.8 5.5 5.0
Advance customer billings 14.4 20.8 3.4
Wages and compensation accrued 30.4 34.5 32.8
Customer deposits 13.1 13.4 12.9
Taxes accrued 30.9 36.4 28.3
Regulatory liabilities 50.8 52.3 23.4
Other 33.5 26.4 32.0
Total Current Liabilities 458.6 651.4 481.6
Deferred Credits and Other Liabilities:      
Deferred income taxes 398.6 364.6 395.4
Pension and postretirement benefit costs 206.4 192.4 125.3
Asset retirement obligations 178.9 173.5 179.7
Regulatory liabilities 378.9 326.5 310.5
Other 52.4 49.2 47.2
Total Deferred Credits and Other Liabilities 1,215.2 1,106.2 1,058.1
Commitments and Contingencies (Note 10)
Total Capitalization and Liabilities 4,200.1 4,021.9 3,840.8
Spire Alabama      
ASSETS      
Utility Plant 2,244.8 2,138.0 2,080.5
Less: Accumulated depreciation and amortization 916.1 882.1 866.9
Net Utility Plant 1,328.7 1,255.9 1,213.6
Accounts receivable:      
Utility 36.2 37.5 43.0
Associated companies 0.3 0.0 0.1
Other 8.1 8.5 8.8
Allowance for doubtful accounts (7.2) (6.3) (5.2)
Delayed customer billings 3.9 0.0 0.0
Inventories:      
Natural gas 18.8 35.1 30.6
Materials and supplies 8.8 7.8 8.2
Regulatory assets 23.4 33.9 33.9
Prepayments 8.4 5.3 7.4
Other 0.1 0.4 0.0
Total Current Assets 100.8 122.2 126.8
Deferred Charges and Other Assets:      
Regulatory assets 232.1 231.2 199.9
Deferred income taxes 56.1 81.3 77.3
Other 61.6 53.0 59.1
Total Deferred Charges and Other Assets 349.8 365.5 336.3
Total Assets 1,779.3 1,743.6 1,676.7
Capitalization:      
Paid-in capital and common stock 350.9 370.9 370.9
Retained earnings 515.7 459.1 473.4
Total Shareholders' Equity 866.6 830.0 844.3
Long-term debt (less current portion) 471.8 372.2 372.1
Total Capitalization 1,338.4 1,202.2 1,216.4
Current Liabilities:      
Current portion of long-term debt 0.0 40.0 40.0
Notes payable – associated companies 85.6 128.7 79.6
Accounts payable 36.3 56.2 48.0
Accounts payable – associated companies 4.2 1.6 3.4
Advance customer billings 7.2 10.6 6.7
Wages and compensation accrued 7.4 8.0 7.7
Customer deposits 19.4 19.5 19.8
Taxes accrued 26.6 27.4 25.5
Regulatory liabilities 2.5 3.4 3.4
Other 14.0 9.2 11.2
Total Current Liabilities 203.2 304.6 245.3
Deferred Credits and Other Liabilities:      
Pension and postretirement benefit costs 53.1 59.2 38.7
Asset retirement obligations 153.3 148.7 140.0
Regulatory liabilities 20.9 23.0 29.8
Other 10.4 5.9 6.5
Total Deferred Credits and Other Liabilities 237.7 236.8 215.0
Commitments and Contingencies (Note 10)
Total Capitalization and Liabilities $ 1,779.3 $ 1,743.6 $ 1,676.7