EX-12 3 d292845dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of ratio of earnings to fixed charges

Exhibit 12

Atmos Energy Corporation

Computation of Earnings to Fixed Charges

December 31, 2011

 

     Three Months Ended
December 31		  
     2011      2010  
     (Dollars in thousands)  

Income from continuing operations before provision for income taxes per statement of income

    $ 107,090       $ 115,668   

Add:

      

Portion of rents representative of the interest factor

      1,796         1,833   

Interest on debt & amortization of debt expense

      35,442         38,895   
  

 

 

  

Income as adjusted

    $ 144,328       $ 156,396   
  

 

 

  

Fixed charges:

      

Interest on debt & amortization of debt expense(1)

    $ 35,442       $ 38,895   

Capitalized interest(2)

      831         523   

Rents

      5,388         5,498   

Portion of rents representative of the interest factor(3)

      1,796         1,833   
  

 

 

  

Fixed charges(1)+(2)+(3)

    $ 38,069       $ 41,251   
  

 

 

  

Ratio of earnings to fixed charges

      3.79         3.79