Atmos Energy 2002 Annual Report Download - page 33

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September 30 (Dollars in thousands, except per share data) 2002 2001 2000
Operating revenues $950,849 $ 1,442,275 $ 850,152
Purchased gas cost 558,247 1,067,555 524,446
Gross profit 392,602 374,720 325,706
Gas trading margin 38,538 488 —
Operating expenses
Operation and maintenance 158,119 139,608 147,897
Depreciation and amortization 81,469 67,664 63,855
Taxes, other than income 36,221 37,655 28,638
Total operating expenses 275,809 244,927 240,390
Operating income 155,331 130,281 85,316
Other income (expense)
Equity in earnings of Woodward Marketing, L.L.C. — 8,062 7,307
Miscellaneous income (expense), net (1,321) (1,874) 7,437
Total other income (expense) (1,321) 6,188 14,744
Interest charges 59,174 47,011 43,823
Income before income taxes 94,836 89,458 56,237
Income taxes 35,180 33,368 20,319
Net income $59,656 $ 56,090 $ 35,918
Basic net income per share $1.45 $ 1.47 $ 1.14
Diluted net income per share $1.45 $ 1.47 $ 1.14
Cash dividends per share $1.18 $ 1.16 $ 1.14
Weighted average shares outstanding:
Basic 41,171 38,156 31,461
Diluted 41,250 38,247 31,594
29
CONDENSED CONSOLIDATED
STATEMENTS OF INCOME