EX-12 3 d85572exv12.htm EX-12 exv12
Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
                                         
    Year Ended September 30
    2011   2010   2009   2008   2007
            (Dollars in thousands)        
Income from continuing operations before provision for income taxes per statement of income
  $ 312,573     $ 322,635     $ 280,661     $ 281,322     $ 249,933  
Add:
                                       
Portion of rents representative of the interest factor
    7,299       7,659       7,008       6,882       5,560  
Interest on debt & amortization of debt expense
    150,825       154,360       152,638       137,218       145,019  
     
Income as adjusted
  $ 470,697     $ 484,654     $ 440,307     $ 425,422     $ 400,512  
     
 
                                       
Fixed charges:
                                       
Interest on debt & amortization of debt expense (1)
  $ 150,825     $ 154,360     $ 152,638     $ 137,218     $ 145,019  
Capitalized interest (2)
    1,690       3,860       4,583       2,879       3,011  
Rents
    21,898       22,977       21,024       20,647       16,679  
Portion of rents representative of the interest factor (3)
    7,299       7,659       7,008       6,882       5,560  
     
Fixed charges (1)+(2)+(3)
  $ 159,814     $ 165,879     $ 164,229     $ 146,979     $ 153,590  
     
 
                                       
Ratio of earnings to fixed charges
    2.95       2.92       2.68       2.89       2.61