EX-12 4 d51644exv12.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
    2007   2006   2005   2004   2003
    (Dollars in thousands)
Income from continuing operations before provision for income taxes and cumulative effect of accounting change per statement of income
   $ 262,584     $ 236,890     $ 218,018     $ 137,765     $ 126,371  
Add:
                                        
Portion of rents representative of the interest factor
     5,560       5,581       4,307       3,571       3,626  
Interest on debt & amortization of debt expense
     145,236       146,607       132,658       65,437       63,660  
     
Income as adjusted
   $ 413,380     $ 389,078     $ 354,983     $ 206,773     $ 193,657  
     
 
                                        
Fixed charges:
                                        
Interest on debt & amortization of debt expense (1)
   $ 145,236     $ 146,607     $ 132,658     $  65,437     $   63,660  
Capitalized interest (2)
     3,011       3,641       2,542       1,184       623  
Rents
     16,679       16,743       12,922       10,712       10,878  
Portion of rents representative of the interest factor (3)
     5,560       5,581       4,307       3,571       3,626  
     
Fixed charges (1)+(2)+(3)
   $ 153,807     $ 155,829     $ 139,507     $  70,192     $   67,909  
     
 
                                        
Ratio of earnings to fixed charges
     2.69       2.50       2.54       2.95       2.85