Spire Inc. (SR) financial statements (2021 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)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44647516
Cash and cash equivalents44647516
Receivables266117121136126109143
Inventory, net of allowances, customer advances and progress billings157165173187207186 
Inventory157165173187207186 
Prepaid expense31292931   
Derivative instruments and hedges, assets   136112
Regulatory current assets717079731769458
Deferred tax assets   10
Other current assets44331122   
Other undisclosed current assets198173196192204164376
Total current assets:770591615660726570605
Noncurrent Assets
Operating lease, right-of-use asset 65 
Property, plant and equipment44943247817552149
Intangible assets, net (including goodwill)1,1721,1721,1721,1721,1721,165938
Goodwill1,1721,1721,1721,1721,1721,165938
Derivative instruments and hedges 111602 
Regulated entity, other noncurrent assets1,0791,0697681415 637
Deferred costs   799868980702
Other noncurrent assets224226163   65
Other undisclosed noncurrent assets4,8224,6854,4144,0203,7143,3472,117
Total noncurrent assets:7,7467,6517,0056,1845,8215,5084,469
TOTAL ASSETS:8,5168,2417,6196,8446,5476,0775,074
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities329361416440398344276
Accounts payable261243302290257211177
Employee-related liabilities27464640394036
Taxes payable41716965615563
Interest and dividends payable   454138 
Deferred revenue434533
Debt6966040554477399574
Derivative instruments and hedges, liabilities      4
Regulatory liability9611361   38
Deferred revenue and credits327036
Deferred tax liabilities   10
Customer advances and deposits3535 
Other liabilities24219114158333386
Other undisclosed current liabilities142679779269123281(242)
Total current liabilities:1,5471,4491,4691,3221,0981,161783
Noncurrent Liabilities
Long-term debt and lease obligation2,5182,4822,0831,9001,9951,8341,851
Long-term debt, excluding current maturities2,5182,4242,0831,9001,9951,8341,851
Operating lease, liability 58 
Liabilities, other than long-term debt, including:1,8591,8431,5211,3591,4631,314932
Deferred revenue and credits  3
Pension and other postretirement defined benefit plans, liabilities245
Asset retirement obligations54654033832129720699
Deferred tax liabilities, net   384
Deferred income tax liabilities542511451
Liability, pension and other postretirement and postemployment benefits289309265180237304 
Regulatory liability357344399355157131126
Other liabilities1251386967646675
Derivative instruments and hedges, liabilities   030 
Other undisclosed liabilities, other than long-term debt   436704607 
Other undisclosed noncurrent liabilities      (1,851)
Total noncurrent liabilities:4,3774,3253,6043,2593,4583,148932
Total liabilities:5,9245,7745,0734,5804,5554,3091,715
Temporary equity, carrying amount5338   
Stockholders' equity
Stockholders' equity attributable to parent, including:2,5872,5222,5432,2551,9911,7681,508
Preferred stock242242242    
Common stock525251   43
Additional paid in capital1,5501,5491,5061,4831,3261,1761,029
Accumulated other comprehensive income (loss)(28)(41)(31)63(4)(2)
Retained earnings771721776716614551438
Other undisclosed stockholders' equity attributable to parent   514846 
Total stockholders' equity:2,5872,5222,5432,2551,9911,7681,508
Other undisclosed liabilities and equity (58)    1,851
TOTAL LIABILITIES AND EQUITY:8,5168,2417,6196,8446,5476,0775,074

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2014
Revenues1,8011,8551,9521,9651,7411,5371,627
Cost of revenue(1,389)(1,478)(1,630)(1,652)(1,398)(1,228)(1,437)
Gross profit:413378323313343310191
Operating expenses(176)(171)(20)(33)(21)(28)(24)
Operating income:237206302280322282166
Nonoperating income (expense)(1)021679(3)
Interest and debt expense(105)(106)(104)(98)(89)(77)(46)
Income from continuing operations before income taxes:131101219188239214117
Income tax expense (benefit)(21)(12)(35)27(78)(70)(32)
Net income attributable to parent:1118918521416214485
Preferred stock dividends and other adjustments(15)(15)(5)    
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(1)(0)(1)(0)
Net income available to common stockholders, diluted:967417921416114484

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2014
Net income:1118918521416214485
Other comprehensive income (loss) 1100(0) 
Other undisclosed comprehensive income1      
Comprehensive income:1118918621516214485
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12)(10)(39)27(2)(1)
Comprehensive income, net of tax, attributable to parent:997914721716914284

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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