Atmos Energy 1999 Annual Report Download - page 65

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Atmos
Energy
Corporation
61
Consolidated Five-Year Financial and Statistical Summary
Year ended September 30,
1999 1998 1997 (1) 1996 (1) 1995 (1)
(In thousands)
Balance Sheet Data at September 30
Capital expenditures . . . . . . . . . . . . . . . . . . . . . . $ 110,353 $ 134,989 $ 122,312 $ 117,589 $ 103,904
Net property, plant and equipment . . . . . . . . . . . . 965,782 917,860 849,127 770,211 697,287
Working capital . . . . . . . . . . . . . . . . . . . . . . . . . . (151,622) (116,679) (169,518) (102,764) (41,980)
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,230,537 1,141,390 1,088,311 1,010,610 900,948
Shareholders’ equity . . . . . . . . . . . . . . . . . . . . . . . 377,663 371,158 327,260 329,582 304,349
Long-term debt, excluding current maturities . . . . 377,483 398,548 302,981 276,162 294,463
Total capitalization . . . . . . . . . . . . . . . . . . . . . . . . 755,146 769,706 630,241 605,744 598,812
(In thousands, except per share data)
Income Statement Data
Operating revenues . . . . . . . . . . . . . . . . . . . . . . . $ 690,196 $ 848,208 $ 906,835 $ 886,691 $ 749,555
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 299,794 331,836 329,654 324,412 300,158
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,744 55,265 23,838 41,151 28,808
Net income per share – diluted . . . . . . . . . . . . . . . 0.58 1.84 0.81 1.42 1.06
Common Stock Data
Shares outstanding (in thousands)
End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,248 30,398 29,642 29,242 28,246
Average . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,819 30,031 29,422 28,994 27,208
Cash dividends per share . . . . . . . . . . . . . . . . . . . $ 1.10 $ 1.06 $ 1.01 $ .98 $ .96
Shareholders of record . . . . . . . . . . . . . . . . . . . . 35,179 36,949 29,867 36,472 31,782
Market price – High . . . . . . . . . . . . . . . . . . . . . . . $ 3211⁄16 $ 311⁄16 $ 277⁄8$ 31 $ 205⁄8
Low . . . . . . . . . . . . . . . . . . . . . . $ 231⁄16 $ 245⁄8$ 221⁄8 $ 18 $ 157⁄8
End of year . . . . . . . . . . . . . . . . . . $ 241⁄8$ 289⁄16 $ 247⁄8 $ 233⁄8$ 193⁄8
Book value per share at end of year . . . . . . . . . . . . . $ 12.09 $ 12.21 $ 11.04 $ 11.27 $ 10.77
Price/Earnings ratio at end of year . . . . . . . . . . . . . . 41.59 15.52 30.71 16.46 18.28
Market/Book ratio at end of year . . . . . . . . . . . . . . . 2.00 2.34 2.25 2.07 1.80
Annualized dividend yield at end of year . . . . . . . . . . 4.6% 3.7% 4.1% 4.2% 5.0%
Customers and Volumes (as metered)
Gas sales volumes (MMcf) . . . . . . . . . . . . . . . . . . 140,119 159,373 164,208 178,293 166,656
Gas transportation volumes (MMcf) . . . . . . . . . . . 55,468 56,224 48,800 44,146 47,647
Total throughput (MMcf) . . . . . . . . . . . . . . . . . . . 195,587 215,597 213,008 222,439 214,303
Meters in service at end of year . . . . . . . . . . . . . . 1,037,995 1,004,532 985,448 976,308 949,213
Total meters and propane customers . . . . . . . . . . . 1,077,534 1,041,932 1,014,545 1,002,416 972,572
Heating degree days . . . . . . . . . . . . . . . . . . . . . . 3,374 3,799 3,909 4,043 3,706
Degree days as a % of normal . . . . . . . . . . . . . . 85% 95% 98% 101% 93%
Average gas sales price per Mcf sold . . . . . . . . . . . $ 4.53 $ 4.87 $ 5.11 $ 4.51 $ 4.07
Average purchased gas cost per Mcf sold . . . . . . . $ 2.79 $ 3.24 $ 3.51 $ 3.15 $ 2.70
Average transportation fee per Mcf . . . . . . . . . . . $ .42 $ .43 $ .41 $ .43 $ .42
Statistics
Return on average shareholders’ equity . . . . . . . . 4.7% 15.8% 7.3% 13.0% 10.1%
Number of employees . . . . . . . . . . . . . . . . . . . . . 2,062 2,193 2,679 2,863 2,944
Net plant per meter . . . . . . . . . . . . . . . . . . . . . . . $ 930 $ 914 $ 862 $ 789 $ 735
Operating, maintenance and administrative
expense per meter . . . . . . . . . . . . . . . . . . . . . $ 146 $ 136 $ 183 $ 160 $ 163
Customers per employee . . . . . . . . . . . . . . . . . . . 523 475 379 350 330
Times interest earned before income taxes . . . . . . 1.56 3.09 2.04 3.00 2.44
(1) Amounts have been restated for a pooling of interests with United Cities in July 1997.