EX-12 2 ato20160630ex-12.htm EXHIBIT 12 Exhibit


Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
 
 
 
Three Months Ended 
 June 30
 
Nine Months Ended 
 June 30
 
 
2016
 
2015
 
2016
 
2015
 
 
(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
 
$
110,299

 
$
90,286

 
$
496,583

 
$
467,742

Add:
 
 
 
 
 
 
 
 
Portion of rents representative of the interest factor
 
3,193

 
3,041

 
9,469

 
9,320

Interest on debt & amortization of debt expense
 
27,698

 
27,955

 
85,741

 
85,166

Income as adjusted
 
$
141,190

 
$
121,282

 
$
591,793

 
$
562,228

Fixed charges:
 
 
 
 
 
 
 
 
Interest on debt & amortization of debt expense (1)
 
$
27,698

 
$
27,955

 
$
85,741

 
$
85,166

Capitalized interest (2)
 
760

 
493

 
2,129

 
1,525

Rents
 
9,581

 
9,122

 
28,408

 
27,960

Portion of rents representative of the interest factor (3)
 
3,193

 
3,041

 
9,469

 
9,320

Fixed charges (1)+(2)+(3)
 
$
31,651

 
$
31,489

 
$
97,339

 
$
96,011

Ratio of earnings to fixed charges
 
4.46

 
3.85

 
6.08

 
5.86