Atmos Energy 1997 Annual Report Download - page 30

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25
ATMOS ENERGY CORPORATION
Consolidated Statements of Income
(In thousands, except per share data) YEAR ENDED SEPTEMBER 30,
1997 1996 1995
_______________________________________________ _______________________________________________ ________________________________________________
Operating revenues ........................................................................................................................................................................................................................... $906,835 $ 886,691 $749,555
Purchased gas cost ............................................................................................................................................................................................................................ 577,181 562,279 449,397
_______________________________________________ _______________________________________________ ________________________________________________
Gross profit ........................................................................................................................................................................................................................................ 329,654 324,412 300,158
Operating expenses
Operation....................................................................................................................................................................................................................................... 173,683 148,196 146,624
Maintenance................................................................................................................................................................................................................................... 11,974 11,719 11,350
Depreciation and amortization...................................................................................................................................................................................................... 45,257 41,666 40,597
Taxes, other than income .............................................................................................................................................................................................................. 32,131 30,254 29,626
Income taxes.................................................................................................................................................................................................................................. 14,298 23,316 16,544
_______________________________________________ _______________________________________________ ________________________________________________
Total operating expenses .......................................................................................................................................................................................................... 277,343 255,151 244,741
_______________________________________________ _______________________________________________ ________________________________________________
Operating income.............................................................................................................................................................................................................................. 52,311 69,261 55,417
Other income (expense)
Interest and investment income.................................................................................................................................................................................................... 5,410 3,867 3,290
Other, net....................................................................................................................................................................................................................................... (288) (300) 287
_______________________________________________ _______________________________________________ ________________________________________________
Total other income (expense) .................................................................................................................................................................................................... 5,122 3,567 3,577
Interest charges ................................................................................................................................................................................................................................. 33,595 31,677 30,186
_______________________________________________ _______________________________________________ ________________________________________________
Net income......................................................................................................................................................................................................................................... $ 23,838 $ 41,151 $ 28,808
_______________________________________________ _______________________________________________ ________________________________________________
_______________________________________________ _______________________________________________ ________________________________________________
Net income per share ........................................................................................................................................................................................................................ $ .81 $ 1.42 $ 1.06
_______________________________________________ _______________________________________________ ________________________________________________
_______________________________________________ _______________________________________________ ________________________________________________
Cash dividends per share .................................................................................................................................................................................................................. $ 1.01 $ .98 $ .96
_______________________________________________ _______________________________________________ ________________________________________________
_______________________________________________ _______________________________________________ ________________________________________________
Average shares outstanding.............................................................................................................................................................................................................. 29,409 28,978 27,208
_______________________________________________ _______________________________________________ ________________________________________________
_______________________________________________ _______________________________________________ ________________________________________________
See accompanying notes to consolidated financial statements.