EX-12 3 d17609exv12.htm COMPUTATION OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12

Atmos Energy Corporation
Computation of Earnings to Fixed Charges
June 30, 2004

                                 
    Three Months Ended   Nine Months Ended
    June 30
   June 30
    2004
   2003
   2004
   2003
            (Dollars in thousands)        
Income (loss) from continuing operations before provision for income taxes and cumulative effect of accounting change per statement of income
   $ 7,636     $ (1,300 )   $ 148,759     $ 130,200  
Add:
                                
Portion of rents representative of the interest factor
     920       930       2,660       2,671  
Interest on debt & amortization of debt expense
     16,011       16,043       49,506       47,679  
 
    
 		      
 		      
 		      
 		  
Income as adjusted
   $ 24,567     $ 15,673     $ 200,925     $ 180,550  
 
    
 		      
 		      
 		      
 		  
Fixed charges:
                                
Interest on debt & amortization of debt expense (1)
   $ 16,011     $ 16,043     $ 49,506     $ 47,679  
Capitalized interest (2)
     457       183       802       488  
Rents
     2,760       2,789       7,981       8,014  
Portion of rents representative of the interest factor (3)
     920       930       2,660       2,671  
 
    
 		      
 		      
 		      
 		  
Fixed charges (1)+(2)+(3)
   $ 17,388     $ 17,156     $ 52,968     $ 50,838  
 
    
 		      
 		      
 		      
 		  
Ratio of earnings to fixed charges
     1.41       0.91       3.79       3.55