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EXHIBIT 12.1
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Atmos Energy Corporation
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in Thousands)
Year ended September 30, Nine Months ended June 30,
1999 1998 1997 1996 1995 2000 1999
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<S> <C> <C> <C> <C> <C> <C> <C>
Income from continuing operations before
provision for income taxes per statement
of income $ 27,299 $ 87,071 $ 38,136 $ 64,467 $ 45,352 $ 61,816 $ 61,216
Add:
Portion of rents representative of the
interest factor 3,520 3,050 3,507 3,237 3,058 2,307 2,546
Interest on debt & amort. of debt expense 37,063 35,579 33,595 31,677 30,186 32,408 26,928
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Income as adjusted $ 67,882 $125,700 $ 75,238 $ 99,381 $ 78,596 $ 96,531 $ 90,690
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Fixed charges:
Interest on debt & amort. of debt expense(1) 37,063 35,579 33,595 31,677 30,186 32,408 26,928
Capitalized interest (2) 3,724 4,132 1,570 376 775 - 3,724
Rents 10,560 9,149 10,522 9,710 9,175 6,920 7,639
Portion of rents repesentative of the
interest factor (3) 3,520 3,050 3,507 3,237 3,058 2,307 2,546
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Fixed charges (1)+(2)+(3) $ 44,307 $ 42,761 $ 38,672 $ 35,290 $ 34,019 $ 34,715 $ 33,198
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Ratio of earnings to fixed charges 1.53 2.94 1.95 2.82 2.31 2.78 2.73
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