Atmos Energy 2006 Annual Report Download - page 14

24
–
25
Year Ended September 30
Dollars in t housands , excep t per share data 2 0 0 6 2 0 05 2 0 0 4
Operating revenues
Utility segment $ 3,650,591 $ 3,103,140 $ 1,637,728
Natural gas marketing segment 3,156,524 2,106,278 1,618,602
Pipeline and storage segment 160,567 153,289 19,758
Other nonutility segment 5,898 5,302 3,393
Intersegment eliminations (821,217) (406,136) (359,444)
6,152,363 4,961,873 2,920,037
Purchased gas cost
Utility segment 2,725,534 2,195,774 1,134,594
Natural gas marketing segment 3,025,897 2,044,305 1,571,971
Pipeline and storage segment 838 6,811 9,383
Other nonutility segment — — —
Intersegment eliminations (816,476) (402,654) (358,102)
4,935,793 3,844,236 2,357,846
Gross profit 1,216,570 1,117,637 562,191
Operating expenses
Operation and maintenance 433,418 416,281 214,470
Depreciation and amortization 185,596 178,005 96,647
Taxes, other than income 191,993 174,696 57,379
Impairment of long-lived assets 22,947 — —
Total operating expenses 833,954 768,982 368,496
Operating income 382,616 348,655 193,695
Miscellaneous income 881 2,021 9,507
Interest charges 146,607 132,658 65,437
Income before income taxes 236,890 218,018 137,765
Income tax expense 89,153 82,233 51,538
Net income $ 147,737 $ 135,785 $ 86,227
Per share data
Basic net income per share $ 1.83 $ 1.73 $ 1.60
Diluted net income per share $ 1.82 $ 1.72 $ 1.58
Weighted average shares outstanding:
Basic 80,731 78,508 54,021
Diluted 81,390 79,012 54,416
C O N D E N S E D C O N S O L I D A T E D S T A T E M E N T S O F I N C O M E
September 30
Dollars in t housands , excep t per share data 2 0 0 6 2 0 05
Assets
Property, plant and equipment $ 5,026,478 $ 4,631,684
Construction in progress 74,830 133,926
5,101,308 4,765,610
Less accumulated depreciation and amortization 1,472,152 1,391,243
Net property, plant and equipment 3,629,156 3,374,367
Current assets
Cash and cash equivalents 75,815 40,116
Cash held on deposit in margin account 35,647 80,956
Accounts receivable, less allowance for doubtful accounts of $13,686 in 2006
and $15,613 in 2005 374,629 454,313
Gas stored underground 461,502 450,807
Other current assets 169,952 238,238
Total current assets 1,117,545 1,264,430
Goodwill and intangible assets 738,521 737,787
Deferred charges and other assets 234,325 276,943
$ 5,719,547 $ 5,653,527
Capitalization and Liabilities
Shareholders’ equity
Common stock, no par value (stated at $.005 per share);
200,000,000 shares authorized, issued and outstanding:
2006 – 81,739,516 shares, 2005 – 80,539,401 shares $ 409 $ 403
Additional paid-in capital 1,467,240 1,426,523
Accumulated other comprehensive loss (43,850) (3,341)
Retained earnings 224,299 178,837
Shareholders’ equity 1,648,098 1,602,422
Long-term debt 2,180,362 2,183,104
Total capitalization 3,828,460 3,785,526
Current liabilities
Accounts payable and accrued liabilities 345,108 461,314
Other current liabilities 388,451 503,368
Short-term debt 382,416 144,809
Current maturities of long-term debt 3,186 3,264
Total current liabilities 1,119,161 1,112,755
Deferred income taxes 306,172 292,207
Regulatory cost of removal obligation 261,376 263,424
Deferred credits and other liabilities 204,378 199,615
$ 5,719,547 $ 5,653,527
C O N D E N S E D C O N S O L I D A T E D B A L A N C E S H E E T S