Atmos Energy 2008 Annual Report Download - page 28

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Year Ended September 30
Dollars in thousands, except per share data 2008 2007 2006
Operating revenues
Natural gas distribution segment $ 3,655,130 $ 3,358,765 $ 3,650,591
Regulated transmission and storage segment 195,917 163,229 141,133
Natural gas marketing segment 4,287,862 3,151,330 3,156,524
Pipeline, storage and other segment 31,709 33,400 25,574
Intersegment eliminations (949,313) (808,293) (821,459)
7,221,305 5,898,431 6,152,363
Purchased gas cost
Natural gas distribution segment 2,649,064 2,406,081 2,725,534
Regulated transmission and storage segment —— —
Natural gas marketing segment 4,194,841 3,047,019 3,025,897
Pipeline, storage and other segment 3,396 792 1,080
Intersegment eliminations (947,322) (805,543) (816,718)
5,899,979 4,648,349 4,935,793
Gross profit 1,321,326 1,250,082 1,216,570
Operating expenses
Operation and maintenance 500,234 463,373 433,418
Depreciation and amortization 200,442 198,863 185,596
Taxes, other than income 192,755 182,866 191,993
Impairment of long-lived assets — 6,344 22,947
Total operating expenses 893,431 851,446 833,954
Operating income 427,895 398,636 382,616
Miscellaneous income, net 2,731 9,184 881
Interest charges 137,922 145,236 146,607
Income before income taxes 292,704 262,584 236,890
Income tax expense 112,373 94,092 89,153
Net income $ 180,331 $ 168,492 $ 147,737
Per share data
Basic net income per share $ 2.02 $ 1.94 $ 1.83
Diluted net income per share $ 2.00 $ 1.92 $ 1.82
Weighted average shares outstanding:
Basic 89,385 86,975 80,731
Diluted 90,272 87,745 81,390
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
26 | ATMOS ENERGY 2008 SUMMARY ANNUAL REPORT