EX-12 2 ato2018331ex-12.htm EXHIBIT 12 Exhibit


Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
 
 
 
Three Months Ended 
 March 31
 
Six Months Ended 
 March 31
 
 
2018
 
2017
 
2018
 
2017
 
 
(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
 
$
241,431

 
$
259,061

 
$
449,448

 
$
436,955

Add:
 
 
 
 
 
 
 
 
Portion of rents representative of the interest factor
 
3,539

 
3,029

 
6,824

 
6,268

Interest on debt & amortization of debt expense
 
27,304

 
26,944

 
58,813

 
57,974

Income as adjusted
 
$
272,274

 
$
289,034

 
$
515,085

 
$
501,197

Fixed charges:
 
 
 
 
 
 
 
 
Interest on debt & amortization of debt expense (1)
 
$
27,304

 
$
26,944

 
$
58,813

 
$
57,974

Capitalized interest (2)
 
1,206

 
469

 
2,749

 
915

Rents
 
10,615

 
9,088

 
20,471

 
18,804

Portion of rents representative of the interest factor (3)
 
3,539

 
3,029

 
6,824

 
6,268

Fixed charges (1)+(2)+(3)
 
$
32,049

 
$
30,442

 
$
68,386

 
$
65,157

Ratio of earnings to fixed charges
 
8.50

 
9.49

 
7.53

 
7.69