Atmos Energy 2003 Annual Report Download

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ATMOS ENERGY CORPORATION 2003 SUMMARY ANNUAL REPORT

Table of contents

  • Page 1
    AT M O S E N E R G Y C O R P O R AT I O N 2 0 0 3 S U M M A RY A N N U A L R E P O R T

  • Page 2
    A Company that

  • Page 3
    ...22 per share. 20 consecutive years of increasing dividends. At a time when many companies are just deciding to pay dividends, ours keep rising. Why? Atmos Energy's employees work hard at working smarter. We invite you to look inside to see how their good ideas make Atmos Energy work for you. 04

  • Page 4
    ... the best measures of a company's financial strength. Atmos Energy's record of consecutive annual dividend increases ranks it among the top 2.5 percent of corporations that pay dividends. 5 8 22 30 31 32 5 Letter to Shareholders Operational Review Financial Review Atmos Energy Officers...

  • Page 5
    ... place to work and to benefit all those who associate with Atmos Energy- our shareholders, customers, communities and employees. I thank you, our owners, and all of our employees for supporting these goals. Consistency in purpose, financial results and ethical conduct stands as Atmos Energy...

  • Page 6
    ... a way to leverage our technology and purchasing power to better serve customers. Steamboat Springs, Colorado We fuel our steady revenue growth through acquisitions, population growth and by attracting new commercial and industrial customers. tmos Energy has a long history of being a company that...

  • Page 7
    Wayne Elliston, Customer Service, and his two-day supply of gas meters in a warehouse now up for sale in Amarillo, Texas. We serve priceregulated and price-sensitive markets. Our employees keep productivity at industry-leading levels and make sure that every expenditure is a wise one. In short, we ...

  • Page 8
    ... Mountains Franklin Lubbock Jackson Dallas Natchitoches Baton Rouge Houston New Orleans Atmos Energy Headquarters Atmos Energy Division Offices Atmos Energy Marketing Headquarters Atmos Energy Marketing Regional Offices Utility Operations 12 Our nonutility operations are in 18 states and...

  • Page 9
    ... Dairy Bar in Owensboro, Kentucky. Commitment to our communities is a strong tradition at Atmos Energy. By being close to our customers, we know them both personally and professionally. Our employees give their time and leadership to many excellent programs, such as United Way, chambers of commerce...

  • Page 10
    ... Energy Marketing. Many also use our utility system to deliver the gas. Serving these large-volume gas users helps us meet a key objective: lower gas prices for all of our customers. Hanging tough in the Big Easy. Facing stiff competition, Atmos Energy Marketing recently won an Entergy New Orleans...

  • Page 11
    ... operating costs. Starting in 1997, Atmos Energy undertook a massive conversion to advanced data processing technology. Today, information is accessible from mobile computers in our service trucks. Our telecommunications systems support one of the best customer call centers in the industry. Meters...

  • Page 12
    ... has been at the heart of Atmos Energy from the start. As a small regional gas utility, our company's leaders knew they must innovate to survive and prosper. So early on, Atmos Energy sought new markets for natural gas, new ways to help customers use gas and new assets, such as storage fields, to...

  • Page 13
    ... 30, 2003, by calling Shareholder Relations at (972) 855-3729 between 8 a.m. and 5 p.m. Central time. Our Form 10-K also is available on Atmos Energy's Web site at www.atmosenergy.com. Additional investor information is presented on page 32 of this report. Meters in service Residential Commercial...

  • Page 14
    ... equivalents Cash held on deposit in margin account Accounts receivable, less allowance for doubtful accounts of $13,051 in 2003 and $10,509 in 2002 Gas stored underground Other current assets Total current assets Goodwill and intangible assets Deferred charges and other assets $ 2,463,992 16,147...

  • Page 15
    ... of Atmos Energy Corporation at September 30, 2003 and 2002, and the related consolidated statements of income, shareholders' equity and cash ï¬,ows for each of the three years in the period ended September 30, 2003 (not presented separately herein) and in our Cash Flows from Operating Activities...

  • Page 16
    ... gas marketing throughput (MMcf) Meters in service at end of year Heating degree days # Degree days as a percentage of normal Utility average gas sales price per Mcf sold Utility average cost of gas per Mcf sold Utility average transportation fee per Mcf Statistics Return on average shareholders...

  • Page 17
    ... Best Chairman, President and Chief Executive Officer Nonutility Business Ron W. McDowell Vice President, New Business Ventures Travis W. Bain II Chairman, Texas Custom Pools, Inc. Plano, Texas Board member since 1988 Committees: Work Session/Annual Meeting (Chairman), Audit, Human Resources Dr...

  • Page 18
    ... at 1-800-543-3038. The Prospectus is also available on the Internet at http://www.atmosenergy.com. You may also obtain information by writing to Shareholder Relations, Atmos Energy Corporation, P.O. Box 650205, Dallas, Texas 75265-0205. Stock Transfer Agent and Registrar EquiServe Trust Company...

  • Page 19
    AT M O S E N E R G Y C O R P O R AT I O N 2 0 0 3 S U M M A RY A N N U A L R E P O R T 3100-AR-2004 Atmos Energy Corporation P.O. Box 650205 Dallas, Texas 75265-0205 atmosenergy.com