EX-12 2 ato20170630ex-12.htm EXHIBIT 12
Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges

|  | Three Months Ended June 30 |  | Nine Months Ended June 30
|  | 2017 |  | 2016 |  | 2017 |  | 2016
|  | (Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income |  | $ | 111,877 |  |  | $ | 101,835 |  |  | $ | 548,832 |  |  | $ | 487,916 |
Add: |  |  |  |  |  |  |  |
Portion of rents representative of the interest factor |  | 3,228 |  |  | 3,193 |  |  | 9,496 |  |  | 9,469 |
Interest on debt & amortization of debt expense |  | 28,498 |  |  | 27,679 |  |  | 86,472 |  |  | 84,775 |
Income as adjusted |  | $ | 143,603 |  |  | $ | 132,707 |  |  | $ | 644,800 |  |  | $ | 582,160 |
Fixed charges: |  |  |  |  |  |  |  |
Interest on debt & amortization of debt expense (1) |  | $ | 28,498 |  |  | $ | 27,679 |  |  | $ | 86,472 |  |  | $ | 84,775 |
Capitalized interest (2) |  | 661 |  |  | 760 |  |  | 1,576 |  |  | 2,129 |
Rents |  | 9,685 |  |  | 9,581 |  |  | 28,489 |  |  | 28,408 |
Portion of rents representative of the interest factor (3) |  | 3,228 |  |  | 3,193 |  |  | 9,496 |  |  | 9,469 |
Fixed charges (1)+(2)+(3) |  | $ | 32,387 |  |  | $ | 31,632 |  |  | $ | 97,544 |  |  | $ | 96,373 |
Ratio of earnings to fixed charges |  | 4.43 |  |  | 4.20 |  |  | 6.61 |  |  | 6.04 |