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Previous: ATMOS ENERGY CORP, 10-K405, EX-10.32(E), 2000-11-15 |
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<PAGE> 1
EXHIBIT 12
Atmos Energy Corporation
Computation of Earnings to Fixed Charges
September 30, 2000
<TABLE>
<CAPTION>
2000 1999 1998 1997 1996
-------- -------- -------- -------- --------
(In thousands)
<S> <C> <C> <C> <C> <C>
Income from continuing
operations before
provision for income
taxes $ 56,237 $ 27,299 $ 87,071 $ 38,136 $ 64,467
Add:
Portion of rents
representative of the
interest factor 3,007 3,520 3,050 3,507 3,237
Interest on debt and
amortization of debt
expense 43,823 37,063 35,579 33,595 31,677
-------- -------- -------- -------- --------
Income as adjusted $103,067 $ 67,882 $125,700 $ 75,238 $ 99,381
======== ======== ======== ======== ========
Fixed Charges
Interest on debt and
amortization of debt
expense (1) $ 43,823 $ 37,063 $ 35,579 $ 33,595 $ 31,677
Capitalized interest (2) -- 3,724 4,132 1,570 376
Rents 9,020 10,560 9,149 10,522 9,710
Portion of rents
representative of the
interest factor (3) 3,007 3,520 3,050 3,507 3,237
-------- -------- -------- -------- --------
Fixed charges (1)+(2)+(3) $ 46,830 $ 44,307 $ 42,761 $ 38,672 $ 35,290
======== ======== ======== ======== ========
Ratio of earnings to
fixed charges 2.20 1.53 2.94 1.95 2.82
======== ======== ======== ======== ========
</TABLE>
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