Atmos Energy 2007 Annual Report Download - page 29

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27
Year Ended September 30
2007 2006 2005 2004 2003
Balance Sheet Data at September 30 (000s)
Capital expenditures $ 392,435 $ 425,324 $ 333,183 $ 190,285 $ 159,439
Net property, plant and equipment 3,836,836 3,629,156 3,374,367 1,722,521 1,624,394
Working capital 149,217 (1,616) 151,675 283,310 16,248
Total assets 5,896,917 5,719,547 5,653,527 2,912,627 2,625,495
Shareholders’ equity 1,965,754 1,648,098 1,602,422 1,133,459 857,517
Long-term debt, excluding current maturities 2,126,315 2,180,362 2,183,104 861,311 862,500
Total capitalization 4,092,069 3,828,460 3,785,526 1,994,770 1,720,017
Income Statement Data
Operating revenues (000s) $ 5,898,431 $ 6,152,363 $ 4,961,873 $ 2,920,037 $ 2,799,916
Gross profit (000s) 1,250,082 1,216,570 1,117,637 562,191 534,976
Net income (000s) 168,492 147,737 135,785 86,227 71,688
Net income per diluted share 1.92 1.82 1.72 1.58 1.54
Common Stock Data
Shares outstanding (000s)
End of year 89,327 81,740 80,539 62,800 51,476
Weighted average 87,745 81,390 79,012 54,416 46,496
Cash dividends per share $ 1.28 $ 1.26 $ 1.24 $ 1.22 $ 1.20
Shareholders of record 22,829 24,690 26,242 27,555 28,510
Market price – High $ 33.11 $ 29.11 $ 29.76 $ 26.86 $ 25.45
Low $ 26.47 $ 25.79 $ 24.85 $ 23.68 $ 20.70
End of year $ 28.32 $ 28.55 $ 28.25 $ 25.19 $ 23.94
Book value per share at end of year $ 22.01 $ 20.16 $ 19.90 $ 18.05 $ 16.66
Price/Earnings ratio at end of year 14.75 15.69 16.42 15.94 15.55
Market/Book ratio at end of year 1.29 1.42 1.42 1.40 1.44
Annualized dividend yield at end of year 4.5% 4.4% 4.4% 4.8% 5.0%
Customers and Volumes (as metered)
Consolidated distribution gas sales volumes (MMcf) 297,327 272,033 296,283 173,219 184,512
Consolidated distribution gas transportation
volumes (MMcf) 130,542 121,962 114,851 72,814 63,453
Consolidated distribution throughput (MMcf) 427,869 393,995 411,134 246,033 247,965
Consolidated transmission and storage
transportation volumes (MMcf) 505,493 410,505 373,879 — —
Consolidated natural gas marketing
throughput (MMcf) 370,668 283,962 238,097 222,572 225,961
Meters in service at end of year 3,187,127 3,181,199 3,157,840 1,679,136 1,672,798
Heating degree days* 2,879 2,527 2,587 3,271 3,473
Degree days as a percentage of normal 100% 87% 89% 96% 101%
Gas distribution average cost of gas per Mcf sold $ 8.09 $ 10.02 $ 7.41 $ 6.55 $ 5.76
Gas distribution average transportation fee per Mcf $ .44 $ .49 $ .49 $ .36 $ .43
Statistics
Return on average shareholders’ equity 8.8% 8.9% 9.0% 9.1% 9.9%
Number of employees 4,653 4,632 4,543 2,864 2,905
Net gas distribution plant per meter $ 1,020 $ 969 $ 927 $ 994 $ 930
Gas distribution operation and maintenance
expense per meter $ 119 $ 112 $ 110 $ 116 $ 115
Meters per employee – gas distribution 713 723 730 612 594
Times interest earned before income taxes 2.75 2.55 2.59 3.05 2.75
*Heating degree days are adjusted for service areas
with weather-normalized operations.
CONSOLIDATED FINANCIAL AND STATISTICAL SUMMARY 2003–2007