EX-12 14 d77592exv12.htm EX-12 exv12
Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
                                         
    Year Ended September 30
    2010   2009   2008   2007   2006
    (Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
   $ 334,626     $ 291,269     $ 292,704     $ 262,584     $ 236,890  
Add:
                                        
Portion of rents representative of the interest factor
     7,659       7,008       6,882       5,560       5,581  
Interest on debt & amortization of debt expense
     154,471       152,830       137,922       145,236       146,607  
     
Income as adjusted
   $ 496,756     $ 451,107     $ 437,508     $ 413,380     $ 389,078  
     
 
                                        
Fixed charges:
                                        
Interest on debt & amortization of debt expense (1)
   $ 154,471     $ 152,830     $ 137,922     $ 145,236     $ 146,607  
Capitalized interest (2)
     3,860       4,583       2,879       3,011       3,641  
Rents
     22,977       21,024       20,647       16,679       16,743  
Portion of rents representative of the interest factor (3)
     7,659       7,008       6,882       5,560       5,581  
     
Fixed charges (1)+(2)+(3)
   $ 165,990     $ 164,421     $ 147,683     $ 153,807     $ 155,829  
     
 
                                        
Ratio of earnings to fixed charges
     2.99       2.74       2.96       2.69       2.50