Atmos Energy 2004 Annual Report Download

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ATMOS ENERGY CORPORATION 2004 SUMMARYANNUAL REPORT
2004 witnessed the most signiļ¬cant
growth in the history of our company.
Yet one thing remains the same.

Table of contents

  • Page 1
    ATMOS ENERGY CORPORATION 2004 SUMMARY ANNUAL REPORT 2004 witnessed the most significant growth in the history of our company. Yet one thing remains the same.

  • Page 2
    at the beginning of 2004 1,672,798 45,267 2,905 1,012 49 5 Bcf

  • Page 3
    ... year's summary annual report, we illustrate how each of these values shines in our employees and in our way of doing business. Since these core values are a constant, they help us - even in times of incredible growth and change - to maintain our focus and stability. After all, a company must fully...

  • Page 4
    ... in the Dallas-Fort Worth Metroplex and northern suburbs of Austin. The division's net growth in customers is approximately 2 percent a year, almost double our former growth rate. Added value from new gas pipeline operations. The intrastate pipeline we acquired as part of the TXU Gas operations runs...

  • Page 5
    4 LETTER TO SHAREHOLDERS LETTER TO SHAREHOLDERS 5 Dedicated and experienced employees. Our new division already was a well-run natural gas system. Its 1,344 gas professionals who transferred to Atmos Energy are working to integrate the operations as soon as possible and are contributing their "...

  • Page 6
    ... of normal market responses. Yet, that response is prompted by our nation's lack of a national energy policy. I N C O M E Another intangible, but essential, investment that we are pursuing is to build a strong corporate culture. In 2004, we took additional steps to invest in our employees through...

  • Page 7
    ..., Spirit of Service Training gives our employees the approach they need to effectively address customer needs. New payment kiosks allow customers to pay their bills 24 hours a day, seven days a week. Our kiosks accept cash or checks, operate in both English and Spanish, and are secure and...

  • Page 8
    ... soldiers' families. M I S S I S S I P P I Rising Spirit Award. Each year, Atmos Energy recognizes employees who've gone above and beyond in offering superior service to our customers. This past May, 13 employees were recognized for their commitment both to our customers and to our core values.

  • Page 9
    ... us to update service orders to our trucks en route, saving time and money. Our Blueprint Program. A while back, we created a benchmark for staffing in our utility divisions.This helps us keep a handle on staffing needs without layoffs or understaffing. Not only is it a job protection program, it...

  • Page 10
    ... new construction in the Dallas-Fort Worth area, Bob helps guide the growth brought about by our acquisition of TXU Gas. At Sendera Ranch, a planned development of more than 20,000 lots, Atmos Energy will supply natural gas to a booming community. By adding natural gas appliances, builders increase...

  • Page 11
    ... gas manager for the City of Lebanon, Tennessee, Don has been working with Atmos Energy since 1986. Ask him why, and he'll tell you how in 1989 , when cold weather in the Gulf froze out many gas wells, Atmos Energy was there honoring $3 contracts when prices had jumped to $28 per Mcf. Yes, markets...

  • Page 12
    ... Atmos Energy the largest natural-gas-only utility in the United States. The operations also provide us above-average annual growth in customer accounts, the ability to earn a return on capital investments promptly through automatic rate C U S T O M E R Atmos Energy AGL Resources ONEOK Southwest Gas...

  • Page 13
    ... new Mid-Tex Division. O & M E X P E N S E S Our nonutility operations during 2004 achieved major improvements in margins and in reduced exposure to risks from volatile gas commodity prices. Our natural gas marketing business expanded into the Mobile Bay area of Alabama. In Kansas, nonutility gas...

  • Page 14
    ... pipeline in Texas and hubs with interstate lines to deliver gas to cities like Chicago and New York. Wichita Falls Denton DALLAS JACKSON LOUISIANA TEXAS BATON ROUGE O & M E X P E N S E S Fort Worth Abilene Longview HOUSTON NEW ORLEANS Waha Hub DALLAS expenses by about $57 per customer...

  • Page 15
    ... therein. Investors may request, without charge, our Annual Report on Form 10-K for the fiscal year ended September 30, 2004, 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...

  • Page 16
    ... Construction in progress Less accumulated depreciation and amortization Net property, plant and equipment Current assets Cash and cash equivalents Cash held on deposit in margin account Accounts receivable, less allowance for doubtful accounts of $7,214 in 2004 and $13,051 in 2003 Gas stored...

  • Page 17
    ... O W S REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 27 Y E A R E N D E D S E P T E M B E R 3 0 (Dollars in thousands) 2004 2003 2002 BOARD OF DIRECTORS ATMOS ENERGY CORPORATION Cash Flows from Operating Activities Net income Adjustments to reconcile net income to net cash provided...

  • Page 18
    ... natural gas marketing throughput (MMcf) Meters in service at end of year Heating degree days # Degree days as a percentage of normal Utility average cost of gas per Mcf sold Utility average transportation fee per Mcf Statistics Return on average shareholders' equity Number of employees Net utility...

  • Page 19
    ...: Nominating and Corporate Governance (Chairman), Human Resources, Work Session/Annual Meeting Nancy K. Quinn Vice President, Investor Relations and Corporate Communications UTILITY DIVISIONS J. Kevin Akers Dwala J. Kuhn Corporate Secretary Robert E. Mattingly President, Mississippi Valley Gas...

  • Page 20
    ... trademark and Spirit of ServiceSM is a service mark of Atmos Energy Corporation. Video © 2004 NBC, Inc. All rights reserved. Atmos Energy Corporation's Annual Report on Form 10-K is available upon request from Shareholder Relations, Atmos Energy Corporation, P.O. Box 650205, Dallas, Texas 75265...

  • Page 21
    Atmos Energy Corporation P.O. Box 650205 Dallas, Texas 75265-0205 atmosenergy.com