Atmos Energy 1997 Annual Report Download - page 29

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24 ATMOS ENERGY CORPORATION
Consolidated Balance Sheets
(In thousands, except share data) SEPTEMBER 30,
1997 1996
_________________________________________________________________________________________________________
ASSETS
Property, plant and equipment............................................................................................................................................................................................................................. $1,301,004 $1,198,557
Construction in progress ...................................................................................................................................................................................................................................... 31,668 21,217
_________________________________________________________________________________________________________
1,332,672 1,219,774
Less accumulated depreciation and amort. ......................................................................................................................................................................................................... 483,545 449,563
_________________________________________________________________________________________________________
Net property, plant and equipment ............................................................................................................................................................................................................. 849,127 770,211
Current assets
Cash and cash equivalents................................................................................................................................................................................................................................ 6,016 11,134
Accounts receivable, less allowance for doubtful accounts of $2,188 in 1997 and $2,462 in 1996 .............................................................................................................. 71,217 103,415
Inventories......................................................................................................................................................................................................................................................... 12,333 13,895
Gas stored underground .................................................................................................................................................................................................................................. 48,122 43,350
Prepayments ..................................................................................................................................................................................................................................................... 6,017 2,809
_________________________________________________________________________________________________________
Total current assets....................................................................................................................................................................................................................................... 143,705 174,603
Deferred charges and other assets...................................................................................................................................................................................................................... 95,479 65,796
_________________________________________________________________________________________________________
$1,088,311 $1,010,610
_________________________________________________________________________________________________________
_________________________________________________________________________________________________________
CAPITALIZATION AND LIABILITIES
Shareholders’ equity
Common stock, no par value (stated at $.005 per share); authorized 75,000,000 shares;
issued and outstanding 1997 – 29,642,437 shares, 1996 – 29,241,859 shares .......................................................................................................................................... $ 148 $ 146
Additional paid-in capital ................................................................................................................................................................................................................................. 251,174 241,658
Retained earnings............................................................................................................................................................................................................................................. 75,938 87,778
_________________________________________________________________________________________________________
Total shareholders’ equity ............................................................................................................................................................................................................................ 327,260 329,582
Long-term debt .................................................................................................................................................................................................................................................... 302,981 276,162
_________________________________________________________________________________________________________
Total capitalization........................................................................................................................................................................................................................................ 630,241 605,744
Current liabilities
Current maturities of long-term debt.............................................................................................................................................................................................................. 15,201 16,679
Notes payable to banks .................................................................................................................................................................................................................................. 167,300 128,488
Accounts payable ............................................................................................................................................................................................................................................. 62,626 80,321
Taxes payable ................................................................................................................................................................................................................................................... 416 11,201
Customers’ deposits......................................................................................................................................................................................................................................... 15,098 16,812
Other current liabilities..................................................................................................................................................................................................................................... 52,582 23,866
_________________________________________________________________________________________________________
Total current liabilities .................................................................................................................................................................................................................................. 313,223 277,367
Deferred income taxes......................................................................................................................................................................................................................................... 87,828 72,073
Deferred credits and other liabilities ................................................................................................................................................................................................................... 57,019 55,426
_________________________________________________________________________________________________________
$1,088,311 $1,010,610
_________________________________________________________________________________________________________
_________________________________________________________________________________________________________
See accompanying notes to consolidated financial statements.