Atmos Energy 2012 Annual Report Download

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Atmos Energy Corporation 2012 Summary Annual Report
AtmoSpirit
e values we live by

Table of contents

  • Page 1
    Atmos Energy Corporation 2012 Summary Annual Report The values we live by AtmoSpirit

  • Page 2
    Inspire trust. Be at your best. Bring out the best in others. Focus on the future. Make a difference.

  • Page 3
    ... Bob Best says that our culture is our foundation and our future. AtmoSpirit sets out the values that set us apart from all other companies." Mike Haefner, senior vice president of human resources Front Cover Meter Reader Ron Anderson, who works for the Mid-Tex Division in Wichita Falls, Texas...

  • Page 4
    ... wait to get to work each day," Simon said. "And, I've been working here now for more than 54 years." "Our philosophy is to recruit, select and hire the absolute best talent that fits our culture." Ray Kallas, Atmos Energy lead recruitment and staffing 2 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT

  • Page 5
    ... (right), senior human resources generalist in the Kentucky/Mid-States Division, about careers at Atmos Energy. Tabers and the company's other human resources professionals look for not only the right skills, but also the right attitudes. 2 AtmoSpirit sessions train employees to build rapport with...

  • Page 6
    ... the company's Charles K. Vaughan Center, an advanced technical training and service facility in Plano, Texas. The center features multimedia classrooms, a high-tech gas Flow Lab and a simulated community, complete with streets and buildings, named Gas City. "We blend lectures to give employees the...

  • Page 7
    ...values. Company employees learn at the Charles K. Vaughan Center in Plano, Texas, to use personal protective equipment and proper procedures to safeguard each other when entering an underground confined space. 2 At an employee safety meeting, Ed Johnson, Mississippi Division safety manager, reviews...

  • Page 8
    "You start with the individual and ask, 'How can that employee be the very best he or she can be?'" Bonnie McElearney, AtmoSpirit director 1 6 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT

  • Page 9
    ... and leadership training help bring out the best in every employee." 1 Oscar Barrera (left), who benefited from Atmos Energy's educational assistance funding to advance to operations manager in the West Texas Division, reviews plans for a construction project in Lubbock with Operations Supervisor...

  • Page 10
    ... its employees by reducing illness, personal time off and medical bills. "Healthcare isn't free; so, all of us need to be engaged," he said. "It's about being accountable. And, that dovetails perfectly into the values we embrace in our culture." 1 2 3 8 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT

  • Page 11
    ... the Gas Control Center can be adjusted easily from a sitting position to standing height. 4 Employees have formed company teams, like our North Texas bicycling team, to improve their fitness. 5 Biometric screenings by medical professionals help Atmos Energy employees like Senior Service Technician...

  • Page 12
    ... of the best places for us to help people and to provide information about natural gas safety," said Sandra Doyle, director of public affairs for the Mid-Tex Division. Atmos Energy has underwritten a new bookmobile, a children's library inside a shopping mall, an adult literacy program and a global...

  • Page 13
    ...communities struck by natural disasters. 5 Joe Mark Horn helps with the Texas Youth Livestock Auction, one of many State Fair of Texas events supported by 150 Atmos Energy volunteers. 6 Wade Sadler, vice president of trading and scheduling for Atmos Energy Holdings in Houston and its 2012 United Way...

  • Page 14
    ...customers, and prospective customers, too, recognize there is distinctive value in using natural gas over other sources of energy." Bill Greer, vice president of marketing, Kentucky/Mid-States Division, and former chair of the Utility Marketing Council 2 12 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT

  • Page 15
    ... of hot water from a tankless natural gas water heater at the company's 2012 Natural Gas Week event in Bowling Green, Kentucky. 6 Ray Kallas, lead recruitment and staffing in Dallas, discusses employment with the company at the Dallas Mayor's Job Forum. Atmos Energy actively supports the hiring of...

  • Page 16
    ... Enhance shareholder value by investing in our regulated assets and growing the rate base of our regulated operations; and Complement our regulated operations with selected and limited-risk nonregulated gas marketing and energy-optimization services. • 14 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT

  • Page 17
    ... in fiscal 2012 despite anemic natural gas market conditions. Lower consolidated gas sales volumes due to warmer weather and a decline in per-unit margins on gas sales hampered this segment's results. To impair a remaining investment by Atmos Energy Holdings in two Kentucky natural gas gathering...

  • Page 18
    ..., Mississippi and Tennessee. In August 2012, we completed the sale of all of our Missouri, Illinois and Iowa natural gas distribution assets to Liberty Energy Corp., an affiliate of Algonquin Power & Utilities Corp., for a cash price of approximately $128 million. The sale reduced the total number...

  • Page 19
    .... He developed an exceptional team, focused on best practices and installed strong internal controls. Fred's work gave the board of directors confidence in the integrity and accuracy of our accounting information and all of our financial operations. ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT 17

  • Page 20
    ... rely on for at least a century. Natural gas offers the ideal fuel choice for housing, industry, electricity generation and many forms of transportation. Atmos Energy intends to pursue this opportunity to benefit our investors, customers and communities. 18 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT

  • Page 21
    ...Matters Executive Chairman Robert W. Best regularly says that a company, like an individual, is only as strong as its heart. Atmos Energy's people represent our heart. Our nearly 4,800 employees deliver excellent service to our more than 3 million customers. By living our values, by taking to heart...

  • Page 22
    20 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT

  • Page 23
    ...Annual Report on Form 10-K also is available on Atmos Energy's website at www.atmosenergy.com. Additional investor information is presented on pages 31 and 32 of this report. At left Employees like McKinley Coleman, a service technician in the Kentucky/Mid-States Division at Bowling Green, Kentucky...

  • Page 24
    ... 87,141 1,729,513 4,286,435 Gross plant (000s) Net plant (000s) Miles of pipe Employees * Heating degree days are adjusted for service areas with weather-normalized operations. $ $ 7,134,470 5,475,604 73,875 4,759 $ $ 6,816,794 5,147,918 76,835 4,949 22 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT

  • Page 25
    ... for doubtful accounts of $9,425 in 2012 and $7,440 in 2011 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...

  • Page 26
    ... operations Income per share from discontinued operations Net income per share - diluted Weighted average shares outstanding: $ $ 2.10 0.27 2.37 $ $ 2.07 0.20 2.27 $ $ 2.03 0.17 2.20 Basic Diluted 90,150 91,172 90,201 90,652 91,852 92,422 24 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT

  • Page 27
    ...cash provided by operating activities: $ 216,717 $ 207,601 $ 205,839 Asset impairments Gain on sale of discontinued operations Depreciation and amortization: Charged to depreciation and amortization Charged to other accounts...) 20,749 111,203 131,952 ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT 25

  • Page 28
    ...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, 2012 and 2011, and the related consolidated statements of income, shareholders' equity, and cash flows for each of the three...

  • Page 29
    ...shareholders' equity Number of employees Net gas distribution plant per meter Gas distribution operation and maintenance expense per meter Meters per employee-gas...06 * Heating degree days are adjusted for service areas with weather-normalized operations. ATMOS ENERGY 2012 SUMMARY ANNUAL REPORT 27

  • Page 30
    Atmos Energy Officers Senior Management Team Regulated Divisions Robert W. Best J. Kevin Akers Executive Chairman of the Board President, Kentucky/Mid-States Division Kim R. Cocklin Richard A. Erskine President and Chief Executive Officer President, Atmos Pipeline-Texas Division Bret J. ...

  • Page 31
    ..., Atmos Energy Holdings, Inc. Vice President, Strategic Planning Kenneth M. Malter Vice President, Gas Supply and Services Shared Services Verlon R. Aston, Jr. John S. McDill Vice President, Governmental and Public Affairs Vice President, Pipeline Safety Clay C. Cash Edward Pace McDonald...

  • Page 32
    ... LLP Fort Worth, Texas Board member since 2009 Committees: Audit, Human Resources President, Effective Leadership LLC Jackson, Mississippi Board member since 1995 Committees: Work Session/ Annual Meeting (Chairman), Executive, Human Resources, Nominating and Corporate Governance Independent Energy...

  • Page 33
    ...at www. atmosenergy.com. Our website includes news releases, current and historical financial reports, other investor data, corporate governance documents, management biographies, customer information and facts about Atmos Energy's operations. Atmos Energy Corporation Contacts Ernst & Young LLP One...

  • Page 34
    ... Summary Annual Report and other company documents over the Internet may result in charges to you from your Internet service provider or telephone company. Inside Back Cover Tim Harper (center), a Mid-Tex Division crew leader in Dallas, leads Atmos Energy's North Texas bicycling team, which works...

  • Page 35

  • Page 36
    Atmos Energy Corporation P .O. Box 650205 Dallas, Texas 75265-0205 atmosenergy.com