Spire Inc. (SR) Financial Statements (2025 and earlier)
Company Profile
Business Address |
700 MARKET STREET ST LOUIS, MO 63101 |
State of Incorp. | MO |
Fiscal Year End | September 30 |
Industry (SIC) | 4924 - Natural Gas Distribution (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
9/30/2024 | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 5 | 6 | 7 | 4 | 4 | 6 | |||
Cash and cash equivalents | 5 | 6 | 7 | 4 | 4 | 6 | |||
Receivables | 415 | 182 | 200 | 317 | 117 | 121 | |||
Inventory, net of allowances, customer advances and progress billings | 229 | 232 | 380 | 276 | 165 | 173 | |||
Inventory | 229 | 232 | 380 | 276 | 165 | 173 | |||
Prepaid expense | 43 | 48 | 41 | 29 | 29 | 29 | |||
Derivative instruments and hedges, assets | |||||||||
Regulatory asset | 256 | 348 | 355 | 307 | 70 | 79 | |||
Other current assets | 73 | 85 | 123 | 66 | 33 | 11 | |||
Other undisclosed current assets | 198 | 176 | 486 | 317 | 173 | 196 | |||
Total current assets: | 1,220 | 1,077 | 1,592 | 1,317 | 591 | 615 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 60 | 65 | |||||||
Property, plant and equipment | 687 | 629 | 491 | 471 | 432 | 478 | |||
Intangible assets, net (including goodwill) | 1,172 | 1,172 | 1,172 | 1,172 | 1,172 | 1,172 | |||
Goodwill | 1,172 | 1,172 | 1,172 | 1,172 | 1,172 | 1,172 | |||
Derivative instruments and hedges | 1 | 1 | 11 | ||||||
Regulated entity, other noncurrent assets | 1,267 | 1,249 | 1,112 | 994 | 1,069 | 768 | |||
Other noncurrent assets | 303 | 306 | 258 | 265 | 226 | 163 | |||
Other undisclosed noncurrent assets | 5,983 | 5,882 | 5,458 | 5,077 | 4,685 | 4,414 | |||
Total noncurrent assets: | 9,412 | 9,237 | 8,492 | 8,040 | 7,651 | 7,005 | |||
TOTAL ASSETS: | 10,632 | 10,314 | 10,084 | 9,356 | 8,241 | 7,619 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 385 | 404 | 898 | 548 | 361 | 416 | |||
Taxes payable | ✕ | ✕ | ✕ | 90 | 79 | 71 | 69 | ||
Employee-related liabilities | ✕ | ✕ | ✕ | 50 | 60 | 46 | 46 | ||
Accounts payable | 294 | 253 | 617 | 410 | 243 | 302 | |||
Accrued liabilities | 91 | 151 | 140 | ||||||
Deferred revenue | 25 | 21 | 19 | 32 | 45 | 33 | |||
Debt | 1,048 | 157 | 281 | 56 | 60 | 40 | |||
Derivative instruments and hedges, liabilities | |||||||||
Regulatory liability | 7 | 7 | 4 | 35 | 113 | 61 | |||
Other liabilities | 260 | 183 | 227 | 237 | 191 | 141 | |||
Other undisclosed current liabilities | 486 | 983 | 925 | 701 | 679 | 779 | |||
Total current liabilities: | 2,211 | 1,755 | 2,354 | 1,608 | 1,449 | 1,469 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,248 | 3,554 | 2,959 | 2,993 | 2,482 | 2,083 | |||
Long-term debt, excluding current maturities | 3,248 | 3,554 | 2,959 | 2,939 | 2,424 | 2,083 | |||
Liabilities, other than long-term debt | 2,108 | 2,070 | 1,940 | 2,141 | 1,843 | 1,521 | |||
Asset retirement obligations | 584 | 577 | 521 | 520 | 540 | 338 | |||
Deferred income tax liabilities | 761 | 744 | 675 | 612 | 511 | 451 | |||
Liability, pension and other postretirement and postemployment benefits | 136 | 137 | 163 | 236 | 309 | 265 | |||
Regulatory liability | 487 | 472 | 418 | 621 | 344 | 399 | |||
Other liabilities | 141 | 140 | 163 | 152 | 138 | 69 | |||
Operating lease, liability | 54 | 58 | |||||||
Total noncurrent liabilities: | 5,356 | 5,624 | 4,899 | 5,134 | 4,325 | 3,604 | |||
Total liabilities: | 7,566 | 7,380 | 7,252 | 6,742 | 5,774 | 5,073 | |||
Temporary equity, carrying amount | 15 | 17 | 13 | 10 | 3 | 3 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 3,051 | 2,917 | 2,819 | 2,658 | 2,522 | 2,543 | |||
Preferred stock | 242 | 242 | 242 | 242 | |||||
Common stock | 55 | 53 | 53 | 52 | 52 | 51 | |||
Additional paid in capital | 1,727 | 1,617 | 1,571 | 1,518 | 1,549 | 1,506 | |||
Accumulated other comprehensive income (loss) | 29 | 48 | 47 | 4 | (41) | (31) | |||
Retained earnings | 997 | 958 | 906 | 843 | 721 | 776 | |||
Other undisclosed equity, attributable to parent | 242 | 242 | |||||||
Total equity: | 3,051 | 2,917 | 2,819 | 2,658 | 2,522 | 2,543 | |||
Other undisclosed liabilities and equity | (54) | (58) | |||||||
TOTAL LIABILITIES AND EQUITY: | 10,632 | 10,314 | 10,084 | 9,356 | 8,241 | 7,619 |
Income Statement (P&L) ($ in millions)
9/30/2024 | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 2,609 | 2,666 | 2,199 | 2,236 | 1,855 | 1,952 | ||
Cost of revenue | (1,735) | (1,478) | (1,630) | |||||
Gross profit: | 2,609 | 2,666 | 2,199 | 501 | 378 | 323 | ||
Operating expenses | (2,201) | (2,248) | (1,790) | (50) | (171) | (20) | ||
Operating income: | 408 | 419 | 408 | 450 | 206 | 302 | ||
Nonoperating income (expense) | 35 | 23 | (9) | (3) | 0 | 21 | ||
Interest and debt expense | (193) | (186) | (120) | (107) | (106) | (104) | ||
Income from continuing operations before equity method investments, income taxes: | 250 | 256 | 280 | 340 | 101 | 219 | ||
Other undisclosed loss from continuing operations before income taxes | ||||||||
Income from continuing operations before income taxes: | 250 | 256 | 280 | 340 | 101 | 219 | ||
Income tax expense | (38) | (39) | (59) | (69) | (12) | (35) | ||
Income from continuing operations: | 212 | 218 | 221 | 272 | 89 | 185 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 221 | 272 | 89 | 185 | |
Net income attributable to parent: | 212 | 218 | 221 | 272 | 89 | 185 | ||
Preferred stock dividends and other adjustments | (15) | (15) | (15) | (15) | (15) | (5) | ||
Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | (0) | |||||
Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (0) | |||||
Net income available to common stockholders, diluted: | 197 | 202 | 206 | 257 | 74 | 179 |
Comprehensive Income ($ in millions)
9/30/2024 | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 212 | 218 | 221 | 272 | 89 | 185 | ||
Other comprehensive income | 1 | 1 | ||||||
Comprehensive income: | 212 | 218 | 221 | 272 | 89 | 186 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (16) | 0 | 44 | 45 | (10) | (39) | ||
Comprehensive income, net of tax, attributable to parent: | 196 | 218 | 264 | 317 | 79 | 147 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.