EX-12 2 ato2018331ex-12.htm EXHIBIT 12
Exhibit 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges

|  | Three Months Ended March 31 |  | Six Months Ended March 31
|  | 2018 |  | 2017 |  | 2018 |  | 2017
|  | (Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income |  | $ | 241,431 |  |  | $ | 259,061 |  |  | $ | 449,448 |  |  | $ | 436,955 |
Add: |  |  |  |  |  |  |  |
Portion of rents representative of the interest factor |  | 3,539 |  |  | 3,029 |  |  | 6,824 |  |  | 6,268 |
Interest on debt & amortization of debt expense |  | 27,304 |  |  | 26,944 |  |  | 58,813 |  |  | 57,974 |
Income as adjusted |  | $ | 272,274 |  |  | $ | 289,034 |  |  | $ | 515,085 |  |  | $ | 501,197 |
Fixed charges: |  |  |  |  |  |  |  |
Interest on debt & amortization of debt expense (1) |  | $ | 27,304 |  |  | $ | 26,944 |  |  | $ | 58,813 |  |  | $ | 57,974 |
Capitalized interest (2) |  | 1,206 |  |  | 469 |  |  | 2,749 |  |  | 915 |
Rents |  | 10,615 |  |  | 9,088 |  |  | 20,471 |  |  | 18,804 |
Portion of rents representative of the interest factor (3) |  | 3,539 |  |  | 3,029 |  |  | 6,824 |  |  | 6,268 |
Fixed charges (1)+(2)+(3) |  | $ | 32,049 |  |  | $ | 30,442 |  |  | $ | 68,386 |  |  | $ | 65,157 |
Ratio of earnings to fixed charges |  | 8.50 |  |  | 9.49 |  |  | 7.53 |  |  | 7.69 |