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 investments567446
Cash and cash equivalents567446
Receivables415182200317117121
Inventory, net of allowances, customer advances and progress billings229232380276165173
Inventory229232380276165173
Prepaid expense434841292929
Derivative instruments and hedges, assets      
Regulatory asset2563483553077079
Other current assets7385123663311
Other undisclosed current assets198176486317173196
Total current assets:1,2201,0771,5921,317591615
Noncurrent Assets
Operating lease, right-of-use asset   6065 
Property, plant and equipment687629491471432478
Intangible assets, net (including goodwill)1,1721,1721,1721,1721,1721,172
Goodwill1,1721,1721,1721,1721,1721,172
Derivative instruments and hedges   1111
Regulated entity, other noncurrent assets1,2671,2491,1129941,069768
Other noncurrent assets303306258265226163
Other undisclosed noncurrent assets5,9835,8825,4585,0774,6854,414
Total noncurrent assets:9,4129,2378,4928,0407,6517,005
TOTAL ASSETS:10,63210,31410,0849,3568,2417,619
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities385404898548361416
Taxes payable90797169
Employee-related liabilities50604646
Accounts payable294253617410243302
Accrued liabilities91151140   
Deferred revenue252119324533
Debt1,048157281566040
Derivative instruments and hedges, liabilities      
Regulatory liability7743511361
Other liabilities260183227237191141
Other undisclosed current liabilities486983925701679779
Total current liabilities:2,2111,7552,3541,6081,4491,469
Noncurrent Liabilities
Long-term debt and lease obligation3,2483,5542,9592,9932,4822,083
Long-term debt, excluding current maturities3,2483,5542,9592,9392,4242,083
Liabilities, other than long-term debt2,1082,0701,9402,1411,8431,521
Asset retirement obligations584577521520540338
Deferred income tax liabilities761744675612511451
Liability, pension and other postretirement and postemployment benefits136137163236309265
Regulatory liability487472418621344399
Other liabilities14114016315213869
Operating lease, liability    5458 
Total noncurrent liabilities:5,3565,6244,8995,1344,3253,604
Total liabilities:7,5667,3807,2526,7425,7745,073
Temporary equity, carrying amount1517131033
Equity
Equity, attributable to parent, including:3,0512,9172,8192,6582,5222,543
Preferred stock 242  242242242
Common stock555353525251
Additional paid in capital1,7271,6171,5711,5181,5491,506
Accumulated other comprehensive income (loss)2948474(41)(31)
Retained earnings997958906843721776
Other undisclosed equity, attributable to parent 242242   
Total equity:3,0512,9172,8192,6582,5222,543
Other undisclosed liabilities and equity    (54)(58) 
TOTAL LIABILITIES AND EQUITY:10,63210,31410,0849,3568,2417,619

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
Revenues2,6092,6662,1992,2361,8551,952
Cost of revenue    (1,735)(1,478)(1,630)
Gross profit:2,6092,6662,199501378323
Operating expenses(2,201)(2,248)(1,790)(50)(171)(20)
Operating income:408419408450206302
Nonoperating income (expense)3523(9)(3)021
Interest and debt expense (193)(186)(120)(107)(106)(104)
Income from continuing operations before equity method investments, income taxes:250256280340101219
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:250256280340101219
Income tax expense(38)(39)(59)(69)(12)(35)
Income from continuing operations:21221822127289185
Income before gain (loss) on sale of properties:22127289185
Net income attributable to parent:21221822127289185
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:19720220625774179

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:21221822127289185
Other comprehensive income     11
Comprehensive income:21221822127289186
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(16)04445(10)(39)
Comprehensive income, net of tax, attributable to parent:19621826431779147

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.

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