Atmos Energy 2011 Annual Report Download - page 23

Year Ended September 30
2011 2010 2009 2008 2007
Balance Sheet Data at September 30 (000s)
Capital expenditures $ 622,965 $ 542,636 $ 509,494 $ 472,273 $ 392,435
Net property, plant and equipment 5,147,918 4,793,075 4,439,103 4,136,859 3,836,836
Working capital 143,355 (290,887) 91,519 78,017 149,217
Total assets 7,282,871 6,763,791 6,367,083 6,386,699 5,895,197
Shareholders’ equity 2,255,421 2,178,348 2,176,761 2,052,492 1,965,754
Long-term debt, excluding current maturities 2,206,117 1,809,551 2,169,400 2,119,792 2,126,315
Total capitalization 4,461,538 3,987,899 4,346,161 4,172,284 4,092,069
Income Statement Data
Operating revenues (000s) $ 4,347,634 $ 4,719,835 $ 4,869,111 $ 7,117,837 $ 5,803,177
Gross profit (000s) 1,327,241 1,337,505 1,319,678 1,293,922 1,221,078
Income from continuing operations (000s) 198,884 198,273 183,299 173,485 160,828
Income from discontinued operations, net of tax (000s) 8,717 7,566 7,679 6,846 7,664
Net income (000s) 207,601 205,839 190,978 180,331 168,492
Income per share from continuing operations—diluted 2.17 2.12 1.98 1.91 1.82
Income per share from discontinued operations—diluted 0.10 0.08 0.09 0.08 0.09
Net income per diluted share 2.27 2.20 2.07 1.99 1.91
Common Stock Data
Shares outstanding (000s)
End of year 90,296 90,164 92,552 90,815 89,327
Weighted average 90,652 92,422 91,620 89,941 87,486
Cash dividends per share $ 1.36 $ 1.34 $ 1.32 $ 1.30 $ 1.28
Shareholders of record 18,680 19,738 20,790 21,756 22,829
Market price—High $ 34.98 $ 30.06 $ 28.80 $ 29.46 $ 33.11
Low $ 28.87 $ 26.41 $ 20.20 $ 25.09 $ 26.47
End of year $ 32.45 $ 29.25 $ 28.18 $ 26.62 $ 28.32
Book value per share at end of year $ 24.98 $ 24.16 $ 23.52 $ 22.60 $ 22.01
Price/Earnings ratio at end of year 14.30 13.30 13.61 13.38 14.83
Market/Book ratio at end of year 1.30 1.21 1.20 1.18 1.29
Annualized dividend yield at end of year 4.2% 4.6% 4.7% 4.9% 4.5%
Customers and Volumes (as metered)
Consolidated distribution gas sales volumes (MMcf) 289,927 322,628 282,117 292,676 297,327
Consolidated distribution gas transportation
volumes (MMcf) 134,093 131,547 126,768 136,678 130,542
Consolidated distribution throughput (MMcf) 424,020 454,175 408,885 429,354 427,869
Consolidated transmission and storage
transportation volumes (MMcf) 435,012 428,599 528,689 595,542 505,493
Consolidated nonregulated delivered gas
sales volumes (MMcf) 384,799 353,853 370,569 389,392 370,668
Meters in service at end of year 3,213,191 3,186,040 3,178,844 3,191,779 3,187,127
Heating degree days* 2,733 2,780 2,713 2,820 2,879
Degree days as a percentage of normal* 99% 102% 100% 100% 100%
Gas distribution average cost of gas per Mcf sold $ 5.30 $ 5.77 $ 6.95 $ 9.05 $ 8.09
Gas distribution average transportation fee per Mcf $ .46 $ .46 $ .46 $ .43 $ .44
Statistics
Return on average shareholders’ equity 9.1% 9.1% 8.9% 8.8% 8.8%
Number of employees 4,949 4,913 4,891 4,750 4,653
Net gas distribution plant per meter $ 1,362 $ 1,243 $ 1,165 $ 1,091 $ 1,020
Gas distribution operation and maintenance
expense per meter $ 111 $ 114 $ 116 $ 122 $ 119
Meters per employee—gas distribution 676 676 678 700 713
Times interest earned before income taxes 3.13 3.09 2.82 3.06 2.75
* Heating degree days are adjusted for service areas with weather-normalized operations.
Consolidated Financial and Statistical Summary 2007–2011
ATMOS ENERGY 2011 SUMMARY ANNUAL REPORT 31