Atmos Energy (ATO) 10-K 2012 FY Annual report

Exhibit 12

Atmos Energy Corporation

Computation of Earnings to Fixed Charges

	Year Ended September 30
	2012		2011		2010		2009		2008
	(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income	$	290,422	$	296,407	$	309,054	$	268,636	$	271,216
Add:
Portion of rents representative of the interest factor		12,623		13,229		13,565		12,768		12,541
Interest on debt & amortization of debt expense		141,174		150,763		154,188		152,740		137,474
Income as adjusted	$	444,219	$	460,399	$	476,807	$	434,144	$	421,231
Fixed charges:
Interest on debt & amortization of debt expense (1)	$	141,174	$	150,763	$	154,188	$	152,740	$	137,474
Capitalized interest (2)		2,642		1,690		3,860		4,583		2,879
Rents		37,868		39,686		40,696		38,304		37,624
Portion of rents representative of the interest factor (3)		12,623		13,229		13,565		12,768		12,541
Fixed charges (1)+(2)+(3)	$	156,439	$	165,682	$	171,613	$	170,091	$	152,894
Ratio of earnings to fixed charges		2.84		2.78		2.78		2.55		2.76