Atmos Energy (ATO) 10-Q 2016 Q3 Quarterly report

Exhibit 12

Atmos Energy Corporation

Computation of Earnings to Fixed Charges

	Three Months Ended   June 30				Nine Months Ended   June 30
	2016		2015		2016		2015
	(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income	$	110,299	$	90,286	$	496,583	$	467,742
Add:
Portion of rents representative of the interest factor	3,193		3,041		9,469		9,320
Interest on debt & amortization of debt expense	27,698		27,955		85,741		85,166
Income as adjusted	$	141,190	$	121,282	$	591,793	$	562,228
Fixed charges:
Interest on debt & amortization of debt expense (1)	$	27,698	$	27,955	$	85,741	$	85,166
Capitalized interest (2)	760		493		2,129		1,525
Rents	9,581		9,122		28,408		27,960
Portion of rents representative of the interest factor (3)	3,193		3,041		9,469		9,320
Fixed charges (1)+(2)+(3)	$	31,651	$	31,489	$	97,339	$	96,011
Ratio of earnings to fixed charges	4.46		3.85		6.08		5.86