Atmos Energy 2013 Annual Report Download - page 26

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Condensed Consolidated Statements of Income
Year Ended September 30 — Dollars in thousands, except per share data 2013 2012 2011
Operating revenues
Natural gas distribution segment $ 2,399,493 $ 2,145,330 $ 2,470,664
Regulated transmission and storage segment 268,900 247,351 219,373
Nonregulated segment 1,598,711 1,351,303 2,024,893
Intersegment eliminations (380,847) (305,501) (428,495)
3,886,257 3,438,483 4,286,435
Purchased gas cost
Natural gas distribution segment 1,318,257 1,122,587 1,452,721
Regulated transmission and storage segment — — —
Nonregulated segment 1,535,380 1,296,179 1,959,893
Intersegment eliminations (379,430) (304,022) (426,999)
2,474,207 2,114,744 2,985,615
Gross profit 1,412,050 1,323,739 1,300,820
Operating expenses
Operation and maintenance 488,020 453,613 442,965
Depreciation and amortization 235,079 237,525 223,832
Taxes, other than income 187,072 181,073 177,767
Asset impairments — 5,288 30,270
Total operating expenses 910,171 877,499 874,834
Operating income 501,879 446,240 425,986
Miscellaneous income (expense), net (197) (14,644) 21,184
Interest charges 128,385 141,174 150,763
Income from continuing operations before income taxes 373,297 290,422 296,407
Income tax expense 142,599 98,226 106,819
Income from continuing operations 230,698 192,196 189,588
Income from discontinued operations, net of tax ($3,986, $10,066 and $12,372) 7,202 18,172 18,013
Gain on sale of discontinued operations, net of tax ($2,909, $3,519 and $0) 5,294 6,349 —
Net income $ 243,194 $ 216,717 $ 207,601
Basic earnings per share
Income per share from continuing operations $ 2.54 $ 2.12 $ 2.08
Income per share from discontinued operations 0.14 0.27 0.20
Net income per share — basic $ 2.68 $ 2.39 $ 2.28
Diluted earnings per share
Income per share from continuing operations $ 2.50 $ 2.10 $ 2.07
Income per share from discontinued operations 0.14 0.27 0.20
Net income per share — diluted $ 2.64 $ 2.37 $ 2.27
Weighted average shares outstanding:
Basic 90,533 90,150 90,201
Diluted 91,711 91,172 90,652
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