Atmos Energy 2001 Annual Report Download - page 33

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27
ATMOS ENERGY CORPORATION
Condensed Consolidated Statements of Income
Year ended September 30
2001 2000 1999
(Dollars in thousands, except per share data)
Operating revenues $1,442,275 $850,152 $690,196
Purchased gas cost 1,067,555 524,446 390,402
Gross profit 374,720 325,706 299,794
Gas trading margin 488 — —
Operating expenses
Operation 133,240 140,249 148,065
Maintenance 6,368 7,648 9,141
Depreciation and amortization 67,664 63,855 56,874
Taxes, other than income 37,655 28,638 31,475
Total operating expenses 244,927 240,390 245,555
Operating income 130,281 85,316 54,239
Other income
Equity in earnings of Woodward
Marketing, L.L.C. 8,062 7,307 7,156
Miscellaneous income (expense), net (1,874) 7,437 2,967
Total other income 6,188 14,744 10,123
Interest charges, net 47,011 43,823 37,063
Income before income taxes 89,458 56,237 27,299
Income taxes 33,368 20,319 9,555
Net income $ 56,090 $035,918 $017,744
Basic net income per share $1.47 $1.14 $.58
Diluted net income per share $1.47 $1.14 $.58
Cash dividends per share $1.16 $1.14 $1.10
Weighted average shares outstanding:
Basic 38,156 31,461 30,566
Diluted 38,247 31,594 30,819