Atmos Energy 2001 Annual Report Download - page 37

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ATMOS ENERGY CORPORATION
Consolidated Financial and Statistical Summary (1996-1991)†
Year ended September 30
1996 1995 1994 1993 1992 1991
BALANCE SHEET DATA AT SEPTEMBER 30 (Dollars in thousands)
Capital expenditures $ 117,589 $103,904 $ 85,471 $ 74,110 $ 71,056 $ 69,247
Net property, plant and equipment 770,211 697,287 638,787 592,887 552,599 522,234
Working capital (102,764) (41,980) (32,340) (31,830) (16,398) (39,349)
Total assets 1,010,610 900,948 829,385 786,739 723,632 701,185
Shareholders’ equity 329,582 304,349 267,584 251,317 223,984 197,582
Long-term debt, excluding current
maturities 276,162 294,463 282,647 257,696 269,887 243,891
Total capitalization 605,744 598,812 550,231 509,013 493,871 441,473
INCOME STATEMENT DATA (Dollars in thousands, except per share data)
Operating revenues $886,691 $749,555 $826,302 $794,893 $708,968 $672,265
Gross profit 324,412 300,158 297,020 289,394 264,098 243,211
Net income 41,151 28,808 26,772 29,694 21,216 17,487
Net income per share – diluted 1.42 1.06 1.05 1.21 .91 .81
COMMON STOCK DATA
Shares outstanding (in thousands)
End of year 29,242 28,246 25,911 25,183 24,100 22,277
Weighted average 28,994 27,208 25,604 24,535 23,324 21,582
Cash dividends per share $.98 $.96 $.91 $.82 $.79 $.75
Shareholders of record 36,472 31,782 27,005 24,649 12,989 11,064
Market price – High $31.00 $20.63 $21.13 $20.63 $15.25 $14.13
Low $18.00 $15.88 $16.38 $13.50 $12.63 $10.38
End of year $23.38 $19.38 $17.75 $20.25 $14.88 $14.00
Book value per share at end of year $11.27 $10.77 $10.33 $9.98 $9.29 $8.87
Price/Earnings ratio at end of year 16.46 18.28 16.90 16.74 16.35 17.28
Market/Book ratio at end of year 2.07 1.80 1.72 2.03 1.60 1.58
Annualized dividend yield at end of year 4.2% 5.0% 5.1% 4.1% 5.3% 5.4%
CUSTOMERS AND VOLUMES (As metered)
Gas sales volumes (MMcf) 178,293 166,656 170,691 166,065 151,316 151,060
Gas transportation volumes (MMcf) 44,146 47,647 47,882 51,665 43,320 44,685
Total throughput (MMcf) 222,439 214,303 218,573 217,730 194,636 195,745
Meters in service at end of year 976,308 949,213 943,728 888,315 876,142 863,089
Total meters and propane customers 1,002,416 972,572 965,421 908,813 897,262 887,569
Heating degree days#4,043 3,706 3,855 4,080 3,676 3,583
Degree days as a percentage of normal 101% 93% 97% 102% 92% 90%
Average gas sales price per Mcf sold $4.51 $4.07 $4.41 $4.32 $4.20 $4.03
Average purchased gas cost per Mcf sold $3.15 $2.70 $3.10 $3.04 $2.94 $2.84
Average transportation fee per Mcf $.43 $.42 $.45 $.42 $.50 $.52
STATISTICS
Return on average shareholders’ equity 13.0% 10.1% 10.3% 12.5% 10.1% 9.4%
Number of employees 2,863 2,944 3,052 3,105 3,102 3,139
Net plant per meter $789 $735 $677 $645 $611 $589
Operating, maintenance and
administrative expense per meter $160 $163 $169 $169 $163 $152
Customers per employee 350 330 316 293 289 283
Times interest earned before
income taxes 3.00 2.44 2.45 2.47 2.07 1.82
† Share data have been adjusted for a 3-for-2 stock split in May 1994, and amounts have been restated for pooling of interests with Greeley Gas Company
in December 1993.
# Heating degree days for 2001 and 2000 are presented excluding service areas with weather-normalized operations. Heating degree days for years prior
to 2000 do not exclude service areas with weather-normalized operations, as that information was not available.