EX-12 11 d65248exv12.htm EX-12 exv12
Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
                                         
    Year Ended September 30  
    2008     2007     2006     2005     2004  
    (Dollars in thousands)  
 
                                        
Income from continuing operations before provision for income taxes per statement of income
   $ 292,704     $ 262,584     $ 236,890     $ 218,018     $ 137,765  
Add:
                                        
Portion of rents representative of the interest factor
     6,882       5,560       5,581       4,307       3,571  
Interest on debt & amortization of debt expense
     137,922       145,236       146,607       132,658       65,437  
     
Income as adjusted
   $ 437,508     $ 413,380     $ 389,078     $ 354,983     $ 206,773  
     
 
                                        
Fixed charges:
                                        
Interest on debt & amortization of debt expense (1)
   $ 137,922     $ 145,236     $ 146,607     $ 132,658     $ 65,437  
Capitalized interest (2)
     2,879       3,011       3,641       2,542       1,184  
Rents
     20,647       16,679       16,743       12,922       10,712  
Portion of rents representative of the interest factor (3)
     6,882       5,560       5,581       4,307       3,571  
     
Fixed charges (1)+(2)+(3)
   $ 147,683     $ 153,807     $ 155,829     $ 139,507     $ 70,192  
     
 
                                        
Ratio of earnings to fixed charges
     2.96       2.69       2.50       2.54       2.95