EX-12 5 d15479exv12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12

Atmos Energy Corporation
Computation of Earnings to Fixed Charges
March 31, 2004

                                 
    Three Months Ended   Six Months Ended
    March 31
   March 31
    2004
   2003
   2004
   2003
            (Dollars in thousands)        
Income from continuing operations before provision for income taxes and cumulative effect of accounting change per statement of income
   $ 93,710     $ 90,231     $ 141,123     $ 131,500  
Add:
                                
Portion of rents representative of the interest factor
     850       862       1,740       1,742  
Interest on debt & amortization of debt expense
     16,160       16,158       33,495       31,637  
 
    
 		      
 		      
 		      
 		  
Income as adjusted
   $ 110,720     $ 107,251     $ 176,358     $ 164,879  
 
    
 		      
 		      
 		      
 		  
Fixed charges:
                                
Interest on debt & amortization of debt expense (1)
   $ 16,160     $ 16,158     $ 33,495     $ 31,637  
Capitalized interest (2)
     181       154       345       304  
Rents
     2,550       2,585       5,221       5,225  
Portion of rents representative of the interest factor (3)
     850       862       1,740       1,742  
 
    
 		      
 		      
 		      
 		  
Fixed charges (1)+(2)+(3)
   $ 17,191     $ 17,174     $ 35,580     $ 33,683  
 
    
 		      
 		      
 		      
 		  
Ratio of earnings to fixed charges
     6.44       6.24       4.96       4.90