EX-12 2 ato20140331exhibit12.htm EX-12 ATO 2014.03.31 Exhibit 12


Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
March 31, 2014
 
 
 
Three Months Ended 
 March 31
 
Six Months Ended 
 March 31
 
 
2014
 
2013
 
2014
 
2013
 
 
(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
 
$
216,963

 
$
178,559

 
$
353,436

 
$
303,657

Add:
 
 
 
 
 
 
 
 
Portion of rents representative of the interest factor
 
3,124

 
3,321

 
6,261

 
6,462

Interest on debt & amortization of debt expense
 
31,601

 
33,331

 
63,716

 
63,853

Income as adjusted
 
$
251,688

 
$
215,211

 
$
423,413

 
$
373,972

Fixed charges:
 
 
 
 
 
 
 
 
Interest on debt & amortization of debt expense(1)
 
$
31,601

 
$
33,331

 
$
63,716

 
$
63,853

Capitalized interest(2)
 
234

 
434

 
708

 
909

Rents
 
9,372

 
9,965

 
18,784

 
19,387

Portion of rents representative of the interest factor(3)
 
3,124

 
3,321

 
6,261

 
6,462

Fixed charges(1)+(2)+(3)
 
$
34,959

 
$
37,086

 
$
70,685

 
$
71,224

Ratio of earnings to fixed charges
 
7.20

 
5.80

 
5.99

 
5.25