EX-12 4 d12550exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12

Atmos Energy Corporation
Computation of Earnings to Fixed Charges
December 31, 2003

                     
        Three Months Ended
        December 31
       
        2003   2002
       
 
        (Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
   $ 47,413     $ 41,269  
Add:
                
 
Portion of rents representative of the interest factor
     890       880  
 
Interest on debt & amortization of debt expense
     17,335       15,479  
 
    
     
 
   
Income as adjusted
   $ 65,638     $ 57,628  
 
    
     
 
Fixed charges:
                
 
Interest on debt & amortization of debt expense (1)
   $ 17,335     $ 15,479  
 
Capitalized interest (2)
     164       150  
 
Rents
     2,671       2,639  
 
Portion of rents representative of the interest factor (3)
     890       880  
 
    
     
 
   
Fixed charges (1)+(2)+(3)
   $ 18,389     $ 16,509  
 
    
     
 
Ratio of earnings to fixed charges
     3.57       3.49