EX-12 5 d30531exv12.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
                                         
    Year Ended September 30  
    2005     2004     2003     2002     2001  
     
    (Dollars in thousands)
Income from continuing operations before provision for income taxes and cumulative effect of accounting change per statement of income
   $ 218,018     $ 137,765     $ 126,371     $ 94,836     $ 89,458  
Add:
                                        
Portion of rents representative of the interest factor
     4,307       3,571       3,626       3,614       2,917  
Interest on debt & amortization of debt expense
     132,658       65,437       63,660       59,174       47,011  
     
Income as adjusted
   $ 354,983     $ 206,773     $ 193,657     $ 157,624     $ 139,386  
     
 
                                        
Fixed charges:
                                        
Interest on debt & amortization of debt expense (1)
   $ 132,658     $ 65,437     $ 63,660     $ 59,174     $ 47,011  
Capitalized interest (2)
     2,542       1,184       623       1,272       1,494  
Capitalized expenses related to indebtedness (3)
     —       —       —       —       4,718  
Rents
     12,922       10,712       10,878       10,842       8,752  
Portion of rents representative of the interest factor (4)
     4,307       3,571       3,626       3,614       2,917  
     
Fixed charges (1)+(2)+(3)+(4)
   $ 139,507     $ 70,192     $ 67,909     $ 64,060     $ 56,140  
     
 
                                        
Ratio of earnings to fixed charges
     2.54       2.95       2.85       2.46       2.48