Atmos Energy 2014 Annual Report Download - page 23

Natural gas pipeline operators are benefiting from significant
improvements in both plastic and steel pipe. High-density polyeth-
ylene pipe is now being used for many duties that had required the
tensile strength and pressure capacity of metal. Equally important,
advances in alloys, coatings and manufacturing methods are
producing coated-steel pipe that is even stronger and more resistant
to corrosion. As a result, replacement and expansion pipelines now
being installed by Atmos Energy and other pipeline operators should
be safer, last longer and require less maintenance.
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Financial Highlights
Year Ended September 30 — Dollars in thousands, except per share data 2014 2013 Change
Operating revenues $ 4,940,916 $ 3,875,460 27.5%
Gross prot $ 1,582,426 $ 1,412,050 12.1%
Regulated distribution net income — continuing operations $ 171,585 $ 150,856 13.7%
Regulated distribution net income — discontinued operations — 12,851 (100.0)%
Regulated pipeline net income 86,191 68,260 26.3%
Nonregulated net income — continuing operations 32,041 11,582 176.6%
Nonregulated net loss — discontinued operations — (355) 100.0%
Total $ 289,817 $ 243,194 19.2%
Total assets $ 8,594,704 $ 7,934,268 8.3%
Total capitalization* $ 5,542,218 $ 5,036,080 10.1%
Net income per share from continuing operations — diluted $ 2.96 $ 2.50 18.4%
Net income per share from discontinued operations — diluted $ — $ 0.14 (100.0)%
Net income per share — diluted $ 2.96 $ 2.64 12.1%
Cash dividends per share $ 1.48 $ 1.40 5.7%
Book value per share at end of year $ 30.74 $ 28.47 8.0%
Regulated distribution throughput — continuing operations (MMcf) 451,803 392,306 15.2%
Regulated distribution throughput — discontinued operations (MMcf) — 4,731 (100.0)%
Consolidated regulated distribution throughput (MMcf) 451,803 397,037 13.8%
Consolidated regulated pipeline transportation volumes (MMcf) 493,360 467,178 5.6%
Consolidated nonregulated delivered gas sales volumes (MMcf) 377,441 343,669 9.8%
Meters in service at end of year 3,115,069 3,011,980 3.4%
Return on average shareholders’ equity 9.9% 9.7% 2.1%
Shareholders’ equity as a percentage of total capitalization
(including short-term debt) at end of year 53.8% 47.8% 12.6%
Shareholders of record 15,807 16,662 (5.1)%
Weighted average shares outstanding — diluted (000s) 97,608 91,711 6.4%
*Total capitalization represents the sum of shareholders’ equity and long-term debt, excluding current maturities.
Summary Annual Report
e nancial information presented in this report about Atmos Energy Corporation is condensed. Our complete nancial statements, including
notes as well as management’s discussion and analysis of our nancial condition and results of operations, are presented in our Annual Report
on Form 10-K. Atmos Energy’s chief executive ocer and its chief nancial ocer have executed all certications with respect to the nancial
statements contained therein and have completed management’s report on internal control over nancial reporting, which are required under the
Sarbanes-Oxley Act of 2002 and related rules and regulations of the Securities and Exchange Commission. Investors may request, without charge,
our Annual Report on Form 10-K for the scal year ended September 30, 2014, by calling Investor Relations at 972-855-3729 between 8 a.m. and
5 p.m. Central time. Our Annual Report on Form 10-K also is available on Atmos Energy’s website at www.atmosenergy.com. Additional investor
information is presented on pages 31 and 32 of this report.