Spire Inc. (SR) financial statements (2023 and earlier)

Company profile

Business Address 700 MARKET STREET
ST LOUIS, MO 63101
State of Incorp. MO
Fiscal Year End September 30
SIC 4924 - Natural Gas Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8446475
Cash and cash equivalents8446475
Receivables456317117121136126109
Inventory, net of allowances, customer advances and progress billings294276165173187207186
Inventory294276165173187207186
Prepaid expense2629292931  
Derivative instruments and hedges, assets    13611
Regulatory current assets26630770797317694
Other current assets5066331122  
Other undisclosed current assets336317173196192204164
Total current assets:1,4351,317591615660726570
Noncurrent Assets
Operating lease, right-of-use asset 6065 
Property, plant and equipment4744714324781755214
Intangible assets, net (including goodwill)1,1721,1721,1721,1721,1721,1721,165
Goodwill1,1721,1721,1721,1721,1721,1721,165
Derivative instruments and hedges 1111602
Regulated entity, other noncurrent assets1,0909941,0697681415 
Deferred costs    799868980
Other noncurrent assets264265226163   
Other undisclosed noncurrent assets5,2155,0774,6854,4144,0203,7143,347
Total noncurrent assets:8,2158,0407,6517,0056,1845,8215,508
TOTAL ASSETS:9,6519,3568,2417,6196,8446,5476,077
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities505548361416440398344
Accounts payable428410243302290257211
Employee-related liabilities30604646403940
Taxes payable47797169656155
Interest and dividends payable    454138
Deferred revenue31324533
Debt846566040554477399
Regulatory liability43511361   
Deferred revenue and credits3270
Customer advances and deposits3535
Other liabilities274237191141583333
Other undisclosed current liabilities61701679779269123281
Total current liabilities:1,7211,6081,4491,4691,3221,0981,161
Noncurrent Liabilities
Long-term debt and lease obligation3,2072,9932,4822,0831,9001,9951,834
Long-term debt, excluding current maturities3,2072,9392,4242,0831,9001,9951,834
Operating lease, liability 5458 
Liabilities, other than long-term debt, including:2,0432,1411,8431,5211,3591,4631,314
Asset retirement obligations525520540338321297206
Deferred income tax liabilities616612511451
Liability, pension and other postretirement and postemployment benefits223236309265180237304
Regulatory liability532621344399355157131
Other liabilities14915213869676466
Derivative instruments and hedges, liabilities    030
Other undisclosed liabilities, other than long-term debt    436704607
Total noncurrent liabilities:5,2505,1344,3253,6043,2593,4583,148
Total liabilities:6,9716,7425,7745,0734,5804,5554,309
Temporary equity, carrying amount1010338  
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6702,6582,5222,5432,2551,9911,768
Preferred stock242242242242   
Common stock52525251   
Additional paid in capital1,5171,5181,5491,5061,4831,3261,176
Accumulated other comprehensive income (loss)(0)4(41)(31)63(4)
Retained earnings860843721776716614551
Other undisclosed stockholders' equity attributable to parent    514846
Total stockholders' equity:2,6702,6582,5222,5432,2551,9911,768
Other undisclosed liabilities and equity (54)(58)    
TOTAL LIABILITIES AND EQUITY:9,6519,3568,2417,6196,8446,5476,077

Income statement (P&L) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues2,2782,2361,8551,9521,9651,7411,537
Cost of revenue(1,818)(1,735)(1,478)(1,630)(1,652)(1,398)(1,228)
Gross profit:460501378323313343310
Operating expenses(48)(50)(171)(20)(33)(21)(28)
Operating income:413450206302280322282
Nonoperating income (expense)(0)(3)021679
Interest and debt expense(110)(107)(106)(104)(98)(89)(77)
Income from continuing operations before income taxes:303340101219188239214
Income tax expense (benefit)(64)(69)(12)(35)27(78)(70)
Net income attributable to parent:23927289185214162144
Preferred stock dividends and other adjustments(15)(15)(15)(5)   
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(1)(0)(1)
Net income available to common stockholders, diluted:22325774179214161144

Comprehensive Income ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:23927289185214162144
Other comprehensive income (loss)  1100(0)
Comprehensive income:23927289186215162144
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2845(10)(39)27(2)
Comprehensive income, net of tax, attributable to parent:26631779147217169142

Statements sources

The financial statements are based on the company's filings with the 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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