EX-12 2 ato20140630exhibit12.htm EX-12 ATO 2014.06.30 Exhibit 12


Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
June 30, 2014
 
 
 
Three Months Ended 
 June 30
 
Nine Months Ended 
 June 30
 
 
2014
 
2013
 
2014
 
2013
 
 
(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income
 
$
74,391

 
$
53,188

 
$
427,827

 
$
356,845

Add:
 
 
 
 
 
 
 
 
Portion of rents representative of the interest factor
 
3,177

 
3,213

 
9,438

 
9,675

Interest on debt & amortization of debt expense
 
31,840

 
32,741

 
95,556

 
96,594

Income as adjusted
 
$
109,408

 
$
89,142

 
$
532,821

 
$
463,114

Fixed charges:
 
 
 
 
 
 
 
 
Interest on debt & amortization of debt expense(1)
 
$
31,840

 
$
32,741

 
$
95,556

 
$
96,594

Capitalized interest(2)
 
332

 
450

 
1,040

 
1,359

Rents
 
9,530

 
9,638

 
28,314

 
29,025

Portion of rents representative of the interest factor(3)
 
3,177

 
3,213

 
9,438

 
9,675

Fixed charges(1)+(2)+(3)
 
$
35,349

 
$
36,404

 
$
106,034

 
$
107,628

Ratio of earnings to fixed charges
 
3.10

 
2.45

 
5.03

 
4.30