EX-12 5 ato09302013ex-12.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ATO 09.30.2013 EX-12


Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
 
 
 
Year Ended September 30
 
 
2013
 
2012
 
2011
 
2010
 
2009
 
 
(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
 
$
373,297

 
$
290,422

 
$
296,407

 
$
309,054

 
$
268,636

Add:
 
 
 
 
 
 
 
 
 
 
Portion of rents representative of the interest factor
 
12,442

 
12,623

 
13,229

 
13,565

 
12,768

Interest on debt & amortization of debt expense
 
128,385

 
141,174

 
150,763

 
154,188

 
152,740

Income as adjusted
 
$
514,124

 
$
444,219

 
$
460,399

 
$
476,807

 
$
434,144

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt & amortization of debt expense (1)
 
$
128,385

 
$
141,174

 
$
150,763

 
$
154,188

 
$
152,740

Capitalized interest (2)
 
1,895

 
2,642

 
1,690

 
3,860

 
4,583

Rents
 
37,326

 
37,868

 
39,686

 
40,696

 
38,304

Portion of rents representative of the interest factor (3)
 
12,442

 
12,623

 
13,229

 
13,565

 
12,768

Fixed charges (1)+(2)+(3)
 
$
142,722

 
$
156,439

 
$
165,682

 
$
171,613

 
$
170,091

Ratio of earnings to fixed charges
 
3.60

 
2.84

 
2.78

 
2.78

 
2.55