Atmos Energy 2000 Annual Report Download - page 32

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ATMOS ENERGY CORPORATION
CONSOLIDATED FINANCIAL AND STATISTICAL SUMMARY (2000-1996)
Year Ended September 30,
2000 1999 1998 1997*1996*
(Dollars in thousands, except per share data)
BALANCE SHEET DATA AT SEPTEMBER 30
Capital expenditures. . . . . . . . . . . . . . . . . . . . . . . . . $ 75,557 $ 110,353 $ 134,989 $ 122,312 $ 117,589
Net property, plant and equipment . . . . . . . . . . . . . 982,346 965,782 917,860 849,127 770,211
Working capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (181,890) (151,622) (116,679) (169,518) (102,764)
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,348,758 1,230,537 1,141,390 1,088,311 1,010,610
Shareholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . 392,466 377,663 371,158 327,260 329,582
Long-term debt, excluding current maturities . . . . . 363,198 377,483 398,548 302,981 276,162
Total capitalization. . . . . . . . . . . . . . . . . . . . . . . . . . . 755,664 755,146 769,706 630,241 605,744
INCOME STATEMENT DATA
Operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . $ 850,152 $ 690,196 $ 848,208 $ 906,835 $ 886,691
Gross profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 325,706 299,794 331,836 329,654 324,412
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35,918 17,744 55,265 23,838 41,151
Net income per share – diluted . . . . . . . . . . . . . . . 1.14 .58 1.84 .81 1.42
COMMON STOCK DATA
Shares outstanding (in thousands)
End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,952 31,248 30,398 29,642 29,242
Average. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,594 30,819 30,031 29,422 28,994
Cash dividends per share . . . . . . . . . . . . . . . . . . . . . $ 1.14 $ 1.10 $ 1.06 $ 1.01 $ .98
Shareholders of record . . . . . . . . . . . . . . . . . . . . . . 32,394 35,179 36,949 29,867 36,472
Market price – High . . . . . . . . . . . . . . . . . . . . . . . . . $ 25 $ 3211⁄16 $ 31 1⁄16 $ 27 7⁄8$ 31
Low . . . . . . . . . . . . . . . . . . . . . . . . . $ 14 3⁄4$ 23 1⁄16 $ 24 5⁄8$ 22 1⁄8$ 18
End of year . . . . . . . . . . . . . . . . . . . $ 20 5⁄8$ 24 1⁄8$ 28 9⁄16 $ 24 7⁄8$ 23 3⁄8
Book value per share at end of year . . . . . . . . . . . . $ 12.28 $ 12.09 $ 12.21 $ 11.04 $ 11.27
Price/Earnings ratio at end of year. . . . . . . . . . . . . . 18.09 41.59 15.52 30.71 16.46
Market/Book ratio at end of year . . . . . . . . . . . . . . 1.68 2.00 2.34 2.25 2.07
Annualized dividend yield at end of year. . . . . . . . . 5.5% 4.6% 3.7% 4.1% 4.2%
CUSTOMERS AND VOLUMES (AS METERED)
Gas sales volumes (MMcf) . . . . . . . . . . . . . . . . . . . . 138,199 140,119 159,373 164,208 178,293
Gas transportation volumes (MMcf) . . . . . . . . . . . 59,365 55,468 56,224 48,800 44,146
Total throughput (MMcf) . . . . . . . . . . . . . . . . . . . . . 197,564 195,587 215,597 213,008 222,439
Meters in service at end of year . . . . . . . . . . . . . . . 1,096,599 1,037,995 1,004,532 985,448 976,308
Total meters and propane customers . . . . . . . . . . . 1,096,599 1,077,534 1,041,932 1,014,545 1,002,416
Heating degree days . . . . . . . . . . . . . . . . . . . . . . . . 3,302 3,374 3,799 3,909 4,043
Degree days as a % of normal . . . . . . . . . . . . . . . . 82% 85% 95% 98% 101%
Average gas sales price per Mcf sold. . . . . . . . . . . . $ 5.65 $ 4.53 $ 4.87 $ 5.11 $ 4.51
Average purchased gas cost per Mcf sold . . . . . . . . $ 3.79 $ 2.79 $ 3.24 $ 3.51 $ 3.15
Average transportation fee per Mcf . . . . . . . . . . . . $ .40 $ .42 $ .43 $ .41 $ .43
STATISTICS
Return on average shareholders’ equity . . . . . . . . . 9.3% 4.7% 15.8% 7.3% 13.0%
Number of employees . . . . . . . . . . . . . . . . . . . . . . . 1,885 2,062 2,193 2,679 2,863
Net plant per meter . . . . . . . . . . . . . . . . . . . . . . . . . $ 896 $ 930 $ 914 $ 862 $ 789
Operating, maintenance and administrative
expense per meter . . . . . . . . . . . . . . . . . . . . . . . . $ 135 $ 146 $ 136 $ 183 $ 160
Customers per employee . . . . . . . . . . . . . . . . . . . . 582 523 475 379 350
Times interest earned before income taxes . . . . . . 2.28 1.56 3.09 2.04 3.00
* Amounts for 1997 and 1996 have been restated for pooling of interests with United Cities in July 1997.