Spire Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $271.7M | $250.9M | $217.5M | $220.8M | $271.7M | $88.6M | $184.6M | $214.2M |
| Depreciation & Amortization | $298.2M | $278.4M | $254.8M | $237.3M | $213.1M | $197.3M | $181.7M | $168.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $578.0M | $912.4M | $440.2M | $55.0M | $249.8M | $469.9M | $450.9M | $456.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $922.4M | $861.3M | $662.5M | $552.2M | $624.8M | $638.4M | $823.3M | $499.4M |
| Business Acquisitions | $0 | $175.9M | $37.0M | $0 | $0 | — | — | $0 |
| Net Cash from Investing Activities | $-916.4M | $-1.03B | $-695.5M | $-546.7M | $-622.0M | $-631.6M | $-838.3M | $-531.7M |
| Financing Activities | ||||||||
| Dividends Paid | $182.2M | $167.1M | $150.7M | $141.9M | $133.2M | $128.0M | $119.0M | $108.7M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $344.7M | $123.9M | $260.6M | $500.9M | $379.4M | $160.0M | $371.8M | $89.1M |
| Net Change in Cash | $6.3M | $9.1M | $5.3M | $9.2M | $7.2M | $-1.7M | $-15.6M | $14.0M |
| Free Cash Flow | $-344.4M | $51.1M | $-222.3M | $-497.2M | $-375.0M | $-168.5M | $-372.4M | $-42.8M |