Atmos Energy 2014 Annual Report Download - page 26

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24
Condensed Consolidated Statements of Income
Year Ended September 30 — Dollars in thousands, except per share data 2014 2013 2012
Operating revenues
Regulated distribution segment $ 3,061,546 $ 2,399,493 $ 2,145,330
Regulated pipeline segment 318,459 268,900 247,351
Nonregulated segment 2,067,292 1,587,914 1,348,982
Intersegment eliminations (506,381) (380,847) (305,501)
4,940,916 3,875,460 3,436,162
Purchased gas cost
Regulated distribution segment 1,885,031 1,318,257 1,122,587
Regulated pipeline segment — — —
Nonregulated segment 1,979,337 1,524,583 1,293,858
Intersegment eliminations (505,878) (379,430) (304,022)
3,358,490 2,463,410 2,112,423
Gross profit 1,582,426 1,412,050 1,323,739
Operating expenses
Operation and maintenance 505,154 488,020 453,613
Depreciation and amortization 253,987 235,079 237,525
Taxes, other than income 211,936 187,072 181,073
Asset impairments — — 5,288
Total operating expenses 971,077 910,171 877,499
Operating income 611,349 501,879 446,240
Miscellaneous expense, net (5,235) (197) (14,644)
Interest charges 129,295 128,385 141,174
Income from continuing operations before income taxes 476,819 373,297 290,422
Income tax expense 187,002 142,599 98,226
Income from continuing operations 289,817 230,698 192,196
Income from discontinued operations, net of tax ($0, $3,986 and $10,066) — 7,202 18,172
Gain on sale of discontinued operations, net of tax ($0, $2,909 and $3,519) — 5,294 6,349
Net income $ 289,817 $ 243,194 $ 216,717
Basic earnings per share
Income per share from continuing operations $ 2.96 $ 2.54 $ 2.12
Income per share from discontinued operations — 0.14 0.27
Net income per share — basic $ 2.96 $ 2.68 $ 2.39
Diluted earnings per share
Income per share from continuing operations $ 2.96 $ 2.50 $ 2.10
Income per share from discontinued operations — 0.14 0.27
Net income per share — diluted $ 2.96 $ 2.64 $ 2.37
Weighted average shares outstanding:
Basic 97,606 90,533 90,150
Diluted 97,608 91,711 91,172