Atmos Energy 2011 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2011 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 30

  • 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

Year Ended September 30
Dollars in thousands, except per share data 2011 2010 2009
Operating revenues
Natural gas distribution segment $ 2,531,863 $ 2,842,638 $ 2,884,796
Regulated transmission and storage segment 219,373 203,013 209,658
Nonregulated segment 2,024,893 2,146,658 2,283,988
Intersegment eliminations (428,495) (472,474) (509,331)
4,347,634 4,719,835 4,869,111
Purchased gas cost
Natural gas distribution segment 1,487,499 1,820,627 1,887,192
Regulated transmission and storage segment — — —
Nonregulated segment 1,959,893 2,032,567 2,169,880
Intersegment eliminations (426,999) (470,864) (507,639)
3,020,393 3,382,330 3,549,433
Gross profit 1,327,241 1,337,505 1,319,678
Operating expenses
Operation and maintenance 449,290 460,513 485,704
Depreciation and amortization 227,099 211,589 211,984
Taxes, other than income 178,683 188,252 180,242
Asset impairments 30,270 — 5,382
Total operating expenses 885,342 860,354 883,312
Operating income 441,899 477,151 436,366
Miscellaneous income (expense), net 21,499 (156) (3,067)
Interest charges 150,825 154,360 152,638
Income from continuing operations before income taxes 312,573 322,635 280,661
Income tax expense 113,689 124,362 97,362
Income from continuing operations 198,884 198,273 183,299
Income from discontinued operations, net of tax ($5,502, $4,425 and $2,929) 8,717 7,566 7,679
Net income $ 207,601 $ 205,839 $ 190,978
Basic earnings per share
Income per share from continuing operations $ 2.18 $ 2.14 $ 1.99
Income per share from discontinued operations 0.10 0.08 0.09
Net income per share — basic $ 2.28 $ 2.22 $ 2.08
Diluted earnings per share
Income per share from continuing operations $ 2.17 $ 2.12 $ 1.98
Income per share from discontinued operations 0.10 0.08 0.09
Net income per share — diluted $ 2.27 $ 2.20 $ 2.07
Weighted average shares outstanding:
Basic 90,201 91,852 91,117
Diluted 90,652 92,422 91,620
Condensed Consolidated Statements of Income
28 ATMOS ENERGY 2011 SUMMARY ANNUAL REPORT