EX-12 5 ato20150930ex-12.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
 
 
 
Year Ended September 30
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
 
(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
 
$
510,765

 
$
476,819

 
$
373,297

 
$
290,422

 
$
296,407

Add:
 
 
 
 
 
 
 
 
 
 
Portion of rents representative of the interest factor
 
12,383

 
12,231

 
12,442

 
12,623

 
13,229

Interest on debt & amortization of debt expense
 
116,241

 
129,295

 
128,385

 
141,174

 
150,763

Income as adjusted
 
$
639,389

 
$
618,345

 
$
514,124

 
$
444,219

 
$
460,399

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest on debt & amortization of debt expense (1)
 
$
116,241

 
$
129,295

 
$
128,385

 
$
141,174

 
$
150,763

Capitalized interest (2)
 
2,260

 
1,522

 
1,895

 
2,642

 
1,690

Rents
 
37,150

 
36,693

 
37,326

 
37,868

 
39,686

Portion of rents representative of the interest factor (3)
 
12,383

 
12,231

 
12,442

 
12,623

 
13,229

Fixed charges (1)+(2)+(3)
 
$
130,884

 
$
143,048

 
$
142,722

 
$
156,439

 
$
165,682

Ratio of earnings to fixed charges
 
4.89

 
4.32

 
3.60

 
2.84

 
2.78