2022 Q4 Form 10-K Financial Statement

#000143774922027522 Filed on November 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022
Revenue $814.0M $314.2M $2.199B
YoY Change 46.56% 8.27% -1.66%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.10M $61.10M $237.3M
YoY Change 9.14% 5.89% 11.36%
% of Gross Profit
Operating Expenses $663.8M $284.4M $1.790B
YoY Change 44.27% 7.93% 0.28%
Operating Profit $150.2M $150.2M $408.2M
YoY Change 57.61% 57.61% -9.33%
Interest Expense -$43.60M -$34.40M $119.8M
YoY Change 52.45% 21.99% 12.38%
% of Operating Profit -29.03% -22.9% 29.35%
Other Income/Expense, Net $6.000M -$600.0K -$8.700M
YoY Change -18.92% -92.94% 155.88%
Pretax Income $112.6M -$5.200M $279.7M
YoY Change 51.96% -48.0% -17.78%
Income Tax $21.60M $1.900M $58.90M
% Of Pretax Income 19.18% 21.06%
Net Earnings $91.00M -$7.100M $220.8M
YoY Change 63.38% -28.28% -18.73%
Net Earnings / Revenue 11.18% -2.26% 10.04%
Basic Earnings Per Share $1.66 $1.66 $3.96
Diluted Earnings Per Share $1.660M -$135.8K $3.95
COMMON SHARES
Basic Shares Outstanding 52.50M 52.49M 52.00M
Diluted Shares Outstanding 52.60M 52.60M 52.10M

Balance Sheet

Concept 2022 Q4 2022 Q3 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.800M $6.500M $6.500M
YoY Change -41.46% 51.16% 51.16%
Cash & Equivalents $4.800M $6.500M $6.500M
Short-Term Investments
Other Short-Term Assets $145.2M $122.7M $540.5M
YoY Change -58.81% 85.35% 31.54%
Inventory $372.7M $422.3M $422.3M
Prepaid Expenses $31.60M $41.10M
Receivables $779.6M $622.7M $622.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.630B $1.592B $1.592B
YoY Change 13.54% 20.93% 20.93%
LONG-TERM ASSETS
Property, Plant & Equipment $508.9M $491.4M $5.936B
YoY Change -90.91% 4.31% 6.23%
Goodwill $1.172B $1.172B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $93.50M $87.80M $87.80M
YoY Change 3.43% 5.66% 5.66%
Other Assets $260.4M $258.1M $1.297B
YoY Change -80.77% -2.57% 8.25%
Total Long-Term Assets $8.698B $8.492B $8.492B
YoY Change 5.88% 5.62% 5.62%
TOTAL ASSETS
Total Short-Term Assets $1.630B $1.592B $1.592B
Total Long-Term Assets $8.698B $8.492B $8.492B
Total Assets $10.33B $10.08B $10.08B
YoY Change 7.02% 7.77% 7.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $506.8M $617.4M $617.4M
YoY Change 18.55% 50.62% 50.62%
Accrued Expenses $30.60M $50.20M $56.70M
YoY Change 2.34% -23.94% -14.09%
Deferred Revenue $16.90M $18.70M
YoY Change -46.01% -41.74%
Short-Term Debt $1.227B $1.038B $1.038B
YoY Change 45.04% 54.39% 54.39%
Long-Term Debt Due $256.6M $281.2M $281.2M
YoY Change 722.44% 403.94% 403.94%
Total Short-Term Liabilities $2.405B $2.354B $2.354B
YoY Change 39.75% 46.34% 46.34%
LONG-TERM LIABILITIES
Long-Term Debt $3.156B $2.959B $2.959B
YoY Change -1.57% 0.66% 0.66%
Other Long-Term Liabilities $156.6M $162.8M $1.265B
YoY Change -89.03% 6.89% -17.26%
Total Long-Term Liabilities $3.313B $3.121B $4.223B
YoY Change -28.52% 0.97% -5.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.405B $2.354B $2.354B
Total Long-Term Liabilities $3.313B $3.121B $4.223B
Total Liabilities $5.718B $5.475B $7.265B
YoY Change -18.09% 16.49% 8.46%
SHAREHOLDERS EQUITY
Retained Earnings $953.0M $905.5M
YoY Change 10.88% 7.41%
Common Stock $52.50M $52.50M
YoY Change 1.55% 1.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.864B $2.819B $2.819B
YoY Change
Total Liabilities & Shareholders Equity $10.33B $10.08B $10.08B
YoY Change 7.02% 7.77% 7.77%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022
OPERATING ACTIVITIES
Net Income $91.00M -$7.100M $220.8M
YoY Change 63.38% -28.28% -18.73%
Depreciation, Depletion And Amortization $62.10M $61.10M $237.3M
YoY Change 9.14% 5.89% 11.36%
Cash From Operating Activities -$170.8M -$149.6M $55.00M
YoY Change -25.71% -614.09% -77.98%
INVESTING ACTIVITIES
Capital Expenditures $154.8M -$149.7M $552.2M
YoY Change -206.25% -7.36% -11.62%
Acquisitions $0.00
YoY Change
Other Investing Activities -$3.100M $1.300M -$5.500M
YoY Change -219.23% 0.0% -296.43%
Cash From Investing Activities -$151.7M -$148.4M -$546.7M
YoY Change 6.01% -7.42% -12.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $51.90M
YoY Change
Debt Paid & Issued, Net $31.20M $55.80M
YoY Change -44.09% -51.65%
Cash From Financing Activities $321.0M 288.4M $500.9M
YoY Change -14.83% 143.17% 32.02%
NET CHANGE
Cash From Operating Activities -$170.8M -149.6M $55.00M
Cash From Investing Activities -$151.7M -148.4M -$546.7M
Cash From Financing Activities $321.0M 288.4M $500.9M
Net Change In Cash -$1.500M -9.600M $9.200M
YoY Change -138.46% -23.81% 27.78%
FREE CASH FLOW
Cash From Operating Activities -$170.8M -$149.6M $55.00M
Capital Expenditures $154.8M -$149.7M $552.2M
Free Cash Flow -$325.6M $100.0K -$497.2M
YoY Change 286.7% -99.95% 32.59%

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CY2022 us-gaap Number Of Reportable Segments
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CY2021 us-gaap Net Income Loss
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CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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148600000 usd
CY2022 sr Public Utilities Approved Rate Increase Decrease Regulatory Costs
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PublicUtilitiesApprovedRateIncreaseDecreaseRegulatoryCosts
9000000.0 usd
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CY2022 sr Fair Value And Timing Adjustments
FairValueAndTimingAdjustments
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CY2022 sr Acquisition Divestiture And Restructuring Activities
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AcquisitionDivestitureAndRestructuringActivities
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AcquisitionDivestitureAndRestructuringActivities
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NetEconomicEarningsReconciliationAdjustmentsIncomeTax
-6900000 usd
CY2021 sr Net Economic Earnings Reconciliation Adjustments Income Tax
NetEconomicEarningsReconciliationAdjustmentsIncomeTax
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NetEconomicEarningsReconciliationAdjustmentsIncomeTax
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CY2022 sr Net Economic Earnings
NetEconomicEarnings
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CY2022Q3 us-gaap Regulatory Assets Current
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CapitalCommittedToContributeToPartnership
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OperatingLeaseCost
7400000 usd
CY2021 us-gaap Operating Lease Cost
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CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
7300000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
7200000 usd
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
24600000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
71100000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y3M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041 pure
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042 pure
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6700000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7300000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7400000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7300000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7300000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
72800000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
108800000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
28600000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
80200000 usd
CY2022 dei Amendment Flag
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false
CY2022 dei Current Fiscal Year End Date
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CY2022 dei Document Fiscal Period Focus
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CY2022 dei Document Fiscal Year Focus
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CY2022 dei Entity Small Business
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false
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CY2022 dei Document Type
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CY2022 dei Document Annual Report
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CY2022 dei Document Period End Date
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CY2022 dei Document Transition Report
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CY2022 dei Entity File Number
EntityFileNumber
1-16681
CY2022 dei Entity Registrant Name
EntityRegistrantName
Spire Inc.
CY2022 dei Entity Address Address Line1
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700 Market Street
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
St. Louis
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
MO
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
63101
CY2022 dei City Area Code
CityAreaCode
314
CY2022 dei Local Phone Number
LocalPhoneNumber
342-0500
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MO
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
74-2976504
CY2022 dei Entity Well Known Seasoned Issuer
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Yes
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
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Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2022 dei Icfr Auditor Attestation Flag
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true
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q1 dei Entity Public Float
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3627663025 usd
CY2022Q4 dei Entity Common Stock Shares Outstanding
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52499844
CY2022 dei Auditor Firm
AuditorFirmId
34
CY2022 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2022 dei Auditor Location
AuditorLocation
St. Louis, Missouri
CY2022 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2022 dei Auditor Location
AuditorLocation
St. Louis, Missouri
CY2022 dei Amendment Flag
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CY2022 dei Current Fiscal Year End Date
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FY
CY2022 dei Document Fiscal Year Focus
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EntityEmergingGrowthCompany
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CY2022 dei Document Annual Report
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DocumentPeriodEndDate
2022-09-30
CY2022 dei Document Transition Report
DocumentTransitionReport
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CY2022 dei Entity File Number
EntityFileNumber
1-16681
CY2022 dei Entity Registrant Name
EntityRegistrantName
Spire Inc.
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
700 Market Street
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
St. Louis
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
MO
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
63101
CY2022 dei City Area Code
CityAreaCode
314
CY2022 dei Local Phone Number
LocalPhoneNumber
342-0500
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MO
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
74-2976504
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
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CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
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EntityInteractiveDataCurrent
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CY2022 dei Entity Filer Category
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Large Accelerated Filer
CY2022 dei Icfr Auditor Attestation Flag
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CY2022 dei Entity Shell Company
EntityShellCompany
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CY2022Q1 dei Entity Public Float
EntityPublicFloat
3627663025 usd
CY2022Q4 dei Entity Common Stock Shares Outstanding
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52499844
CY2022 dei Auditor Firm
AuditorFirmId
34
CY2022 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2022 dei Auditor Location
AuditorLocation
St. Louis, Missouri
CY2022 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2022 dei Auditor Location
AuditorLocation
St. Louis, Missouri

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