Atmos Energy 2009 Annual Report Download - page 26

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24 | ATMOS ENERGY 2009 SUMMARY ANNUAL REPORT
Year Ended September 30
Dollars in thousands, except per share data 2009 2008 2007
Operating revenues
Natural gas distribution segment $ 2,984,765 $ 3,655,130 $ 3,358,765
Regulated transmission and storage segment 209,658 195,917 163,229
Natural gas marketing segment 2,336,847 4,287,862 3,151,330
Pipeline, storage and other segment 41,924 31,709 33,400
Intersegment eliminations (604,114) (949,313) (808,293)
4,969,080 7,221,305 5,898,431
Purchased gas cost
Natural gas distribution segment 1,960,137 2,649,064 2,406,081
Regulated transmission and storage segment — — —
Natural gas marketing segment 2,252,235 4,194,841 3,047,019
Pipeline, storage and other segment 12,428 3,396 792
Intersegment eliminations (602,422) (947,322) (805,543)
3,622,378 5,899,979 4,648,349
Gross profit 1,346,702 1,321,326 1,250,082
Operating expenses
Operation and maintenance 494,010 500,234 463,373
Depreciation and amortization 217,208 200,442 198,863
Taxes, other than income 182,700 192,755 182,866
Asset impairments 5,382 — 6,344
Total operating expenses 899,300 893,431 851,446
Operating income
447,402 427,895 398,636
Miscellaneous income (expense), net (3,303) 2,731 9,184
Interest charges 152,830 137,922 145,236
Income before income taxes 291,269 292,704 262,584
Income tax expense 100,291 112,373 94,092
Net income $ 190,978 $ 180,331 $ 168,492
Per share data
Basic net income per share $ 2.10 $ 2.02 $ 1.94
Diluted net income per share $ 2.08 $ 2.00 $ 1.92
Weighted average shares outstanding:
Basic 91,117 89,385 86,975
Diluted 92,024 90,272 87,745
Condensed Consolidated Statements of Income