Atmos Energy (ATO) 10-Q 2014 Q3 Quarterly report

Exhibit 12

Atmos Energy Corporation

Computation of Earnings to Fixed Charges

June 30, 2014

	Three Months Ended   June 30				Nine Months Ended   June 30
	2014		2013		2014		2013
	(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income	$	74,391	$	53,188	$	427,827	$	356,845
Add:
Portion of rents representative of the interest factor	3,177		3,213		9,438		9,675
Interest on debt & amortization of debt expense	31,840		32,741		95,556		96,594
Income as adjusted	$	109,408	$	89,142	$	532,821	$	463,114
Fixed charges:
Interest on debt & amortization of debt expense(1)	$	31,840	$	32,741	$	95,556	$	96,594
Capitalized interest(2)	332		450		1,040		1,359
Rents	9,530		9,638		28,314		29,025
Portion of rents representative of the interest factor(3)	3,177		3,213		9,438		9,675
Fixed charges(1)+(2)+(3)	$	35,349	$	36,404	$	106,034	$	107,628
Ratio of earnings to fixed charges	3.10		2.45		5.03		4.30