Atmos Energy 2010 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2010 Atmos Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 39

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39

Condensed Consolidated Statements of Cash Flows
Year Ended September 30
Dollars in thousands 2010 2009 2008

Net income $ 205,839 $ 190,978 $ 180,331
Adjustments to reconcile net income to net cash

Asset impairments —5,382 —
Depreciation and amortization:
Charged to depreciation and amortization 216,960 217,208 200,442
Charged to other accounts 173 94 147
Deferred income taxes 196,731 129,759 97,940
Stock-based compensation 12,655 14,494 14,032
Debt financing costs 11,908 10,364 10,665
Other (1,245) (1,177) (5,492)
Changes in assets and liabilities 83,455 352,131 (127,132)
Net cash provided by operating activities 726,476 919,233 370,933

Capital expenditures (542,636) (509,494) (472,273)
Other, net (66) (7,707) (10,736)
Net cash used in investing activities (542,702) (517,201) (483,009)

Net increase (decrease) in short-term debt 54,268 (283,981) 200,174
Net proceeds from issuance of long-term debt —445,623 —
Settlement of Treasury lock agreement —1,938 —
Repayment of long-term debt (131) (407,353) (10,284)
Cash dividends paid (124,287) (121,460) (117,288)
Repurchase of common stock (100,450) ——
Repurchase of equity rewards (1,191) ——
Issuance of common stock 8,766 27,687 25,466
Net cash provided by (used in) financing activities (163,025) (337,546) 98,068
Net increase (decrease) in cash and cash equivalents 20,749 64,486 (14,008)
 111,203 46,717 60,725
 $ 131,952 $ 111,203 $ 46,717
ATMOS ENERGY 2010 SUMMARY ANNUAL REPORT 29