EX-12 2 ato20171231ex-12.htm EXHIBIT 12 Exhibit


Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
 
 
 
Three Months Ended 
 December 31
 
 
2017
 
2016
 
(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
 
$
208,017

 
$
177,894

Add:
 
 
 
 
Portion of rents representative of the interest factor
 
3,285

 
3,239

Interest on debt & amortization of debt expense
 
31,509

 
31,030

Income as adjusted
 
$
242,811

 
$
212,163

Fixed charges:
 
 
 
 
Interest on debt & amortization of debt expense (1)
 
$
31,509

 
$
31,030

Capitalized interest (2)
 
1,543

 
446

Rents
 
9,856

 
9,716

Portion of rents representative of the interest factor (3)
 
3,285

 
3,239

Fixed charges (1)+(2)+(3)
 
$
36,337

 
$
34,715

Ratio of earnings to fixed charges
 
6.68

 
6.11