Atmos Energy 2011 Annual Report Download

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Atmos Energy Corporation 2011 Summary Annual Report
Voices for
Safety
Ensuring Safety
and Reliability

Table of contents

  • Page 1
    Atmos Energy Corporation 2011 Summary Annual Report Ensuring Safety and Reliability Voices for Safety

  • Page 2
    ...customers and communities. it's our duty Cover: Mid-Tex Division Senior Engineer Landell Perry (right), Field Construction Coordinator Robert Parker and Crew Leader Royce Sharp inspect the installation of an actuator on an existing remote control valve for an Atmos Pipeline-Texas transmission line...

  • Page 3
    ... underground pipeline assets at all times. In this report, 11 of our employees share how their attitudes and actions contribute to a culture of safety. These are our voices for safety-and they speak for the nearly 5,000 Atmos Energy team members who serve our customers and communities every day...

  • Page 4
    ... doing things, we pursue it. spirit of the law Louisiana Division Compliance Manager Danny Waguespack (left) and Survey Specialist Billy Bentel check the placement of required warning signs along one of the company's rights of way to alert the public to a buried pipeline and help prevent damage to...

  • Page 5
    ...'s no room for error, so that our pipeline is safe and provides reliable service. zero incidents Regan Hampton, lead controller for Atmos Pipeline-Texas, heads a team of highly experienced pipeline controllers who monitor the system around the clock at the division's Dallas control center. AT...

  • Page 6
    ... training and OQ are up to date." W e're out there to protect life and property. When we meet customers or go into their homes, safety is our No. 1 concern. Senior Service Technician Kenny Compton in the Kentucky/Mid-States Division uses instruments to locate and mark a buried natural gas line...

  • Page 7
    ... look very similar to the way it did the day we put it in the ground." I Corrosion Control Technician James Sparks of the Kentucky/Mid-States Division, who is a recognized expert on cathodic protection, inspects our natural gas system in Kentucky. 8 AT M O S E N E R GY 2 011 S U M M A RY A N N UA...

  • Page 8
    ... public," says Senior Financial Analyst Annie Stewart. Atmos Energy has invested more than $1.7 billion since 2007 to improve its pipeline and distribution system. "We've increased our allocations for pipeline replacements, technology upgrades, employee training, and safety advertising and bill...

  • Page 9
    ...the system pressure maps and work closely with the engineering team and our supervisors to make sure we follow the safest procedures. We take great pride in our work." B Welder Javier Aguirre of the West Texas Division measures a pipe joint on one of the division's natural gas pipelines near Odessa...

  • Page 10
    ... Energy's Waco Customer Contact Center. "Emergency calls are definitely our top priority. When customers suspect a gas leak, we help them stay calm and ask questions to gather information for our responding technicians. Inside or outside? Backyard or front yard? Is it near the gas meter? We direct...

  • Page 11
    ..., Charles K. Vaughan Center Plano, TX Technical knowledge is critical to safety because the nation's natural gas network must meet hundreds of safety regulations and technical standards. "Atmos Energy actively develops its employees, and to do so it has built this advanced facility," comments...

  • Page 12
    ... manager of public affairs in the Colorado-Kansas Division, talks with enthusiastic sixth-graders at Mountain View Core Knowledge Charter School in Cañon City, Colorado. The students recently were recognized by Atmos Energy for their presentation about energy efficiency and natural gas safety...

  • Page 13
    ... Cocklin, president and CEO of Atmos Energy Corporation, and Marvin Sweetin, senior vice president, utility operations, are joined by Virginia employees after one of the company's quarterly employee broadcasts. The broadcasts, transmitted by satellite to company locations, provide an effective way...

  • Page 14
    ... 2011, we achieved the following highlights. • We enhanced the safety and reliability of our distribution system by replacing or adding more than 450 miles of natural gas pipelines. • With our customers, we successfully resolved 19 rate filings, which are expected to increase annual operating...

  • Page 15
    ... gas to our Mid-Tex Division, met all its firm service obligations to humanneeds gas customers during the cold wave. That same day, it also set a record of 2.5 Bcf in gas deliveries to our Mid-Tex Division and other North Texas local distribution companies. During 2011, our nonregulated operations...

  • Page 16
    ...5,000 employees and our more than 3 million natural gas distribution customers. As Executive Chairman Robert W. Best has noted in previous annual reports, our purpose in business is to serve all our stakeholders-and to serve you well. That always stands as our No. 1 "blue chip" goal. Kim R. Cocklin...

  • Page 17
    ...in this report about Atmos Energy Corporation is condensed. Our complete financial statements, including notes as well as management's discussion and analysis of financial condition and results of operations, are presented in our Annual Report on Form 10-K. Atmos Energy's chief executive officer and...

  • Page 18
    Atmos Energy at a Glance Year Ended September 30 2011 2010 Meters in service Residential Commercial Industrial Public authority and other Total meters Heating degree days... volumes (MMcf) Consolidated nonregulated delivered gas sales volumes (MMcf) Operating revenues (000s) 161,012 91,215...

  • Page 19
    ...allowance for doubtful accounts of $7,440 in 2011 and $12,701 in 2010 Gas stored underground Other current assets Total current assets Goodwill and intangible assets Deferred charges and other assets Capitalization and Liabilities Shareholders' equity Common stock, no par value (stated at $.005 per...

  • Page 20
    ... Year Ended September 30 Dollars in thousands, except per share data 2011 2010 2009 Operating revenues Natural gas distribution segment Regulated transmission and storage segment Nonregulated segment Intersegment eliminations Purchased gas cost $ 2,531,863 219,373 2,024,893 (428,495) 4,347,634...

  • Page 21
    ... 2011 2010 2009 Cash Flows from Operating Activities Net income Adjustments to reconcile net income to net cash provided by operating activities: $ 207,601 $ 205,839 $ 190,978 Asset impairments Depreciation and amortization: Charged to depreciation and amortization Charged to other accounts...

  • Page 22
    ... The Board of Directors and Shareholders of Atmos Energy Corporation We have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of Atmos Energy Corporation at September 30, 2011 and 2010, and the related...

  • Page 23
    ...668 3,187,127 2,879 100% 8.09 .44 Return on average shareholders' equity Number of employees Net gas distribution plant per meter Gas distribution operation and maintenance expense per meter Meters per employee-gas distribution Times interest earned before income taxes 9.1% 4,949 $ $ 1,362 111 676...

  • Page 24
    Atmos Energy Officers Senior Management Team Regulated Divisions Robert W. Best Executive Chairman of the Board J. Kevin Akers President, Kentucky/Mid-States Division Kim R. Cocklin President and Chief Executive Officer Richard A. Erskine President, Atmos Pipeline-Texas Division Fred E. ...

  • Page 25
    ... Officers Nonregulated Operations Shared Services (continued) Mark S. Bergeron President, Atmos Energy Holdings, Inc. Conrad E. Gruber Vice President, Strategic Planning Dwala J. Kuhn Corporate Secretary Shared Services Verlon R. Aston, Jr. Vice President, Governmental and Public Affairs...

  • Page 26
    ... Williams Companies, Inc. Fort Myers Beach, Florida Board member since 2005 Committee: Work Session/ Annual Meeting Charles K. Vaughan Retired Chairman of the Board, Atmos Energy Corporation Dallas, Texas Board member since 1983 Lead Director since 2003 Committee: Executive (Chairman) Richard Ware...

  • Page 27
    ... Public Accounting Firm The 2012 Annual Meeting of Shareholders will be held in the Lincoln Ballroom at the Hilton Hotel Lincoln Centre, 5410 LBJ Freeway, Dallas, Texas 75240 on Wednesday, February 8, 2012, at 9:30 a.m. Central time. Direct Stock Purchase Plan Atmos Energy Corporation has a Direct...

  • Page 28
    ... your account to give your consent. Please remember that accessing our Summary Annual Report and other company documents over the Internet may result in charges to you from your Internet service provider or telephone company. © 2011 Atmos Energy Corporation. All rights reserved. Atmos Energy® is...

  • Page 29
    Atmos Energy vehicles display the national Call 811 logo to remind the public to always call 811 before digging to have natural gas pipelines and other buried utility lines marked at no charge.

  • Page 30
    Atmos Energy Corporation P .O. Box 650205 Dallas, Texas 75265-0205 atmosenergy.com