EX-12 5 ato20140930ex-12.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ATO 2014.09.30 EX-12


Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
 
 
 
Year Ended September 30
 
 
2014
 
2013
 
2012
 
2011
 
2010
 
 
(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
 
$
476,819

 
$
373,297

 
$
290,422

 
$
296,407

 
$
309,054

Add:
 
 
 
 
 
 
 
 
 
 
Portion of rents representative of the interest factor
 
12,231

 
12,442

 
12,623

 
13,229

 
13,565

Interest on debt & amortization of debt expense
 
129,295

 
128,385

 
141,174

 
150,763

 
154,188

Income as adjusted
 
$
618,345

 
$
514,124

 
$
444,219

 
$
460,399

 
$
476,807

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt & amortization of debt expense (1)
 
$
129,295

 
$
128,385

 
$
141,174

 
$
150,763

 
$
154,188

Capitalized interest (2)
 
1,522

 
1,895

 
2,642

 
1,690

 
3,860

Rents
 
36,693

 
37,326

 
37,868

 
39,686

 
40,696

Portion of rents representative of the interest factor (3)
 
12,231

 
12,442

 
12,623

 
13,229

 
13,565

Fixed charges (1)+(2)+(3)
 
$
143,048

 
$
142,722

 
$
156,439

 
$
165,682

 
$
171,613

Ratio of earnings to fixed charges
 
4.32

 
3.60

 
2.84

 
2.78

 
2.78