2014 Q3 Form 10-Q Financial Statement

#000073180214000022 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $789.0M $943.2M $857.9M
YoY Change 17.0% 9.93% 48.84%
Cost Of Revenue $441.1M $583.6M -$558.0K
YoY Change 17.97% -104687.81% -102.86%
Gross Profit $337.7M $359.5M $316.5M
YoY Change 12.39% 13.6% 7.96%
Gross Profit Margin 42.79% 38.12% 36.89%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.30M $63.90M $58.10M
YoY Change 13.46% 9.98% -5.37%
% of Gross Profit 20.23% 17.77% 18.36%
Operating Expenses $253.7M $252.9M $230.1M
YoY Change 1.44% 9.92% 8.73%
Operating Profit $83.94M $106.6M $86.40M
YoY Change 66.61% 23.39% 5.95%
Interest Expense -$33.70M $31.84M $32.74M
YoY Change 5.97% -2.75% -6.21%
% of Operating Profit -40.15% 29.87% 37.9%
Other Income/Expense, Net -$1.200M -$374.0K -$467.0K
YoY Change -42.86% -19.91% -77.49%
Pretax Income $49.00M $74.39M $53.19M
YoY Change 196.97% 39.86% 19.36%
Income Tax $25.30M $28.67M $19.71M
% Of Pretax Income 51.63% 38.54% 37.06%
Net Earnings $23.71M $45.72M $38.77M
YoY Change 214.66% 17.93% 24.53%
Net Earnings / Revenue 3.01% 4.85% 4.52%
Basic Earnings Per Share $0.23 $0.45 $0.43
Diluted Earnings Per Share $0.23 $0.45 $0.42
COMMON SHARES
Basic Shares Outstanding 100.4M shares 101.2M shares 90.60M shares
Diluted Shares Outstanding 101.2M shares 91.55M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $121.9M $51.00M $32.00M
YoY Change -12.25% 59.38% 14.29%
Cash & Equivalents $42.26M $51.42M $31.98M
Short-Term Investments $79.61M
Other Short-Term Assets $111.3M $126.9M $90.94M
YoY Change 73.31% 39.54% -68.84%
Inventory $279.0M $207.0M $209.0M
Prepaid Expenses $25.04M
Receivables $343.4M $388.9M $350.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $775.8M $774.6M $682.3M
YoY Change 14.58% 13.54% -12.04%
LONG-TERM ASSETS
Property, Plant & Equipment $6.726B $6.461B $5.841B
YoY Change 11.53% 10.62% 7.34%
Goodwill $742.0M $741.4M $740.7M
YoY Change 0.09% 0.09%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $350.9M $379.7M $538.5M
YoY Change -27.66% -29.49% 37.34%
Total Long-Term Assets $7.819B $7.583B $7.121B
YoY Change 7.74% 6.49% 8.31%
TOTAL ASSETS
Total Short-Term Assets $775.8M $774.6M $682.3M
Total Long-Term Assets $7.819B $7.583B $7.121B
Total Assets $8.595B $8.357B $7.803B
YoY Change 8.32% 7.11% 6.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $308.0M $313.0M $230.0M
YoY Change 27.27% 36.09% 29.21%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $196.7M $0.00 $142.0M
YoY Change -46.55% -100.0% -33.49%
Long-Term Debt Due $0.00 $500.0M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $910.7M $1.156B $720.6M
YoY Change -6.93% 60.38% -35.1%
LONG-TERM LIABILITIES
Long-Term Debt $2.456B $1.956B $2.456B
YoY Change 0.01% -20.35% 25.52%
Other Long-Term Liabilities $68.87M $48.48M $42.79M
YoY Change 83.35% 13.29% -90.72%
Total Long-Term Liabilities $2.525B $2.004B $2.498B
YoY Change 1.27% -19.77% 3.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $910.7M $1.156B $720.6M
Total Long-Term Liabilities $2.525B $2.004B $2.498B
Total Liabilities $3.436B $3.160B $3.219B
YoY Change -1.04% -1.83% -8.75%
SHAREHOLDERS EQUITY
Retained Earnings $918.0M $932.6M $800.6M
YoY Change 18.41% 16.48% 16.9%
Common Stock $2.181B $2.173B $1.758B
YoY Change 23.46% 23.63% 1.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.086B $3.117B $2.581B
YoY Change
Total Liabilities & Shareholders Equity $8.595B $8.357B $7.803B
YoY Change 8.32% 7.11% 6.16%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $23.71M $45.72M $38.77M
YoY Change 214.66% 17.93% 24.53%
Depreciation, Depletion And Amortization $68.30M $63.90M $58.10M
YoY Change 13.46% 9.98% -5.37%
Cash From Operating Activities $109.8M $139.2M $133.3M
YoY Change 6.09% 4.43% -15.69%
INVESTING ACTIVITIES
Capital Expenditures -$282.7M -$193.6M -$193.4M
YoY Change 7.7% 0.1% 3.81%
Acquisitions
YoY Change
Other Investing Activities -$1.700M $4.300M $153.6M
YoY Change -5.56% -97.2% -51300.0%
Cash From Investing Activities -$284.4M -$189.3M -$39.80M
YoY Change 7.6% 375.63% -78.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 165.4M -35.30M -127.0M
YoY Change -15.14% -72.2% -1480.43%
NET CHANGE
Cash From Operating Activities 109.8M 139.2M 133.3M
Cash From Investing Activities -284.4M -189.3M -39.80M
Cash From Financing Activities 165.4M -35.30M -127.0M
Net Change In Cash -9.200M -85.40M -33.50M
YoY Change -126.98% 154.93% 73.58%
FREE CASH FLOW
Cash From Operating Activities $109.8M $139.2M $133.3M
Capital Expenditures -$282.7M -$193.6M -$193.4M
Free Cash Flow $392.5M $332.8M $326.7M
YoY Change 7.24% 1.87% -5.14%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Business</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Atmos Energy Corporation (&#8220;Atmos Energy&#8221; or the &#8220;Company&#8221;) and our subsidiaries are engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as certain other nonregulated businesses. For the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2013</font><font style="font-family:inherit;font-size:10pt;">, our regulated businesses generated approximately 95 percent of our consolidated net income.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Through our natural gas distribution business, we deliver natural gas through sales and transportation arrangements to approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three million</font><font style="font-family:inherit;font-size:10pt;"> residential, commercial, public authority and industrial customers through our </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> regulated natural gas distribution divisions, which at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, covered service areas located in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">eight</font><font style="font-family:inherit;font-size:10pt;"> states. On April 1, 2013, we completed the divestiture of our natural gas distribution operations in Georgia, representing approximately </font><font style="font-family:inherit;font-size:10pt;">64,000</font><font style="font-family:inherit;font-size:10pt;"> customers. In addition, we transport natural gas for others through our distribution system. Our regulated businesses also include our regulated pipeline and storage operations, which include the transportation of natural gas to our North Texas distribution system and the management of our underground storage facilities. Our regulated businesses are subject to federal and state regulation and/or regulation by local authorities in each of the states in which our natural gas distribution divisions operate.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our nonregulated businesses operate primarily in the Midwest and Southeast through various wholly-owned subsidiaries of Atmos Energy Holdings, Inc. (AEH). AEH is wholly owned by the Company and based in Houston, Texas. Through AEH, we provide natural gas management and transportation services to municipalities, natural gas distribution companies, including certain divisions of Atmos Energy, and third parties.</font></div></div>
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us-gaap Regulatory Assets And Liabilities Recognition Criteria
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Regulatory assets and liabilitiesAccounting principles generally accepted in the United States require cost-based, rate-regulated entities that meet certain criteria to reflect the authorized recovery of costs due to regulatory decisions in their financial statements. As a result, certain costs are permitted to be capitalized rather than expensed because they can be recovered through rates. We record certain costs as regulatory assets when future recovery through customer rates is considered probable. Regulatory liabilities are recorded when it is probable that revenues will be reduced for amounts that will be credited to customers through the ratemaking process. Substantially all of our regulatory assets are recorded as a component of deferred charges and other assets and substantially all of our regulatory liabilities are recorded as a component of deferred credits and other liabilities. Deferred gas costs are recorded either in other current assets or liabilities and the regulatory cost of removal obligation is reported separately.
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StockRepurchasedDuringPeriodValue
0 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
3116685000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
2580409000 USD
us-gaap Taxes Other
TaxesOther
165640000 USD
us-gaap Taxes Other
TaxesOther
146355000 USD
CY2013Q2 us-gaap Taxes Other
TaxesOther
50714000 USD
CY2014Q2 us-gaap Taxes Other
TaxesOther
63414000 USD
CY2014Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
107000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
674000 USD
CY2013Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
91000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
760000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91445000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96339000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101150000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91550000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95455000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90497000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90603000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100267000 shares
CY2014Q2 ato Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Discontinued Operations
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsDiscontinuedOperations
0 USD
ato Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Discontinued Operations
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsDiscontinuedOperations
0 USD
ato Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Discontinued Operations
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsDiscontinuedOperations
0 USD
CY2013Q2 ato Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Discontinued Operations
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsDiscontinuedOperations
0 USD
CY2014Q1 ato Authorized Commercial Paper
AuthorizedCommercialPaper
950000000 USD
CY2014Q2 ato Authorized Commercial Paper
AuthorizedCommercialPaper
950000000 USD
CY2013Q3 ato Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
8706000 USD
CY2014Q2 ato Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
12699000 USD
CY2014Q2 ato Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
3000 USD
CY2013Q3 ato Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
47000 USD
CY2014Q2 ato Available For Sale Securities Supplemental Executive Benefit Plans
AvailableForSaleSecuritiesSupplementalExecutiveBenefitPlans
47500000 USD
CY2013Q3 ato Available For Sale Securities Supplemental Executive Benefit Plans
AvailableForSaleSecuritiesSupplementalExecutiveBenefitPlans
44500000 USD
ato Business License Tax Examination Description
BusinessLicenseTaxExaminationDescription
Atmos Energy, through its affiliate, AEM, has been involved in a dispute with the Tennessee Department of Revenue (TDOR) regarding sales business tax audits over a period of several years. The cumulative assessment approximated $12 million as of March 31, 2014, which AEM challenged. We had previously accrued in prior years what we believed to be an adequate amount for the anticipated resolution of this matter. With respect to certain issues, AEM and the TDOR filed competing Partial Motions for Summary Judgment with the Chancery Court. On August 2, 2013, the Chancery Court granted the TDOR's Partial Motion for Summary Judgment and denied AEM's Partial Motion for Summary Judgment. An agreed order of dismissal with prejudice between     AEM and TDOR was approved by the Chancery Court and entered on May 2, 2014, whereby AEM agreed to pay $6.2 million to TDOR to resolve all business tax-related liabilities outstanding through September 2014. The State of Tennessee also passed related legislation, effective July 1, 2014, that should help minimize any disputes over this type of sales business tax in the future.
CY2014Q2 ato Business License Tax Examination Settlement Amount
BusinessLicenseTaxExaminationSettlementAmount
6200000 USD
CY2014Q2 ato Cash Flow Hedge Gain Loss Impacton Earnings
CashFlowHedgeGainLossImpactonEarnings
3331000 USD
ato Cash Flow Hedge Gain Loss Impacton Earnings
CashFlowHedgeGainLossImpactonEarnings
-12076000 USD
ato Cash Flow Hedge Gain Loss Impacton Earnings
CashFlowHedgeGainLossImpactonEarnings
5814000 USD
CY2013Q2 ato Cash Flow Hedge Gain Loss Impacton Earnings
CashFlowHedgeGainLossImpactonEarnings
-239000 USD
CY2014Q2 ato Cash Flow Hedge Gain Loss Included In Cost Of Sales Net
CashFlowHedgeGainLossIncludedInCostOfSalesNet
4388000 USD
ato Cash Flow Hedge Gain Loss Included In Cost Of Sales Net
CashFlowHedgeGainLossIncludedInCostOfSalesNet
-9644000 USD
ato Cash Flow Hedge Gain Loss Included In Cost Of Sales Net
CashFlowHedgeGainLossIncludedInCostOfSalesNet
8986000 USD
CY2013Q2 ato Cash Flow Hedge Gain Loss Included In Cost Of Sales Net
CashFlowHedgeGainLossIncludedInCostOfSalesNet
818000 USD
CY2014Q2 ato Cash Flow Hedge Gain Loss Reclassifiedto Purchased Gas Cost Net
CashFlowHedgeGainLossReclassifiedtoPurchasedGasCostNet
4209000 USD
ato Cash Flow Hedge Gain Loss Reclassifiedto Purchased Gas Cost Net
CashFlowHedgeGainLossReclassifiedtoPurchasedGasCostNet
-9802000 USD
ato Cash Flow Hedge Gain Loss Reclassifiedto Purchased Gas Cost Net
CashFlowHedgeGainLossReclassifiedtoPurchasedGasCostNet
8783000 USD
CY2013Q2 ato Cash Flow Hedge Gain Loss Reclassifiedto Purchased Gas Cost Net
CashFlowHedgeGainLossReclassifiedtoPurchasedGasCostNet
558000 USD
ato Commodity Contract Gain Loss Reclassified To Earnings
CommodityContractGainLossReclassifiedToEarnings
1972000 USD
CY2014Q2 ato Common Stock Par Value Per Share
CommonStockParValuePerShare
0.000
CY2013Q3 ato Common Stock Par Value Per Share
CommonStockParValuePerShare
0.000
CY2014Q2 ato Debt And Equity Securities Authorized For Issuance
DebtAndEquitySecuritiesAuthorizedForIssuance
1750000000.00 USD
CY2014Q2 ato Debt And Equity Securities Available For Issuance
DebtAndEquitySecuritiesAvailableForIssuance
1350000000.00 USD
ato Depreciation And Amortization Cash Flow
DepreciationAndAmortizationCashFlow
185731000 USD
ato Depreciation And Amortization Cash Flow
DepreciationAndAmortizationCashFlow
176737000 USD
CY2014Q2 ato Derivative Cash Collateral
DerivativeCashCollateral
9700000 USD
CY2013Q3 ato Derivative Cash Collateral
DerivativeCashCollateral
24800000 USD
ato Description Of Pending Litigation
DescriptionOfPendingLitigation
April 2009, Atmos Energy and two subsidiaries of AEH, AEM and Atmos Gathering Company, LLC (AGC) (collectively, the Atmos Entities), were involved in a lawsuit filed in the Circuit Court of Edmonson County, Kentucky related to our Park City Gathering Project. The dispute which gave rise to the litigation involves the amount of royalties due from a third party producer to landowners (who own the mineral rights) for natural gas produced from the landowners’ properties. The third party producer was operating pursuant to leases between the landowners and certain investors/working interest owners. The third party producer filed a petition in bankruptcy, which was subsequently dismissed due to the lack of meaningful assets to reorganize or liquidate.Although certain Atmos Energy companies entered into contracts with the third party producer to gather, treat and ultimately sell natural gas produced from the landowners’ properties, no Atmos Energy company had a contractual relationship with the landowners or the investors/working interest owners. After the lawsuit was filed, the landowners were successful in terminating for non-payment of royalties the leases related to the production of natural gas from their properties. Subsequent to termination, the investors/working interest owners under such leases filed additional claims against us for the termination of the leases.During the trial, the landowners and the investors/working interest owners requested an award of compensatory damages plus punitive damages against us. On December 17, 2010, the jury returned a verdict in favor of the landowners and investor/working interest owners and awarded compensatory damages of $3.8 million and punitive damages of $27.5 million payable by Atmos Energy and the two AEH subsidiaries.A hearing was held on February 28, 2011 to hear a number of motions, including a motion to dismiss the jury verdict and a motion for a new trial. The motions to dismiss the jury verdict and for a new trial were denied. However, the total punitive damages award was reduced from $27.5 million to $24.7 million. On October 17, 2011, we filed our brief of appellants with the Kentucky Court of Appeals, appealing the verdict of the trial court. The appellees in this case subsequently filed their appellees’ brief with the Court of Appeals on January 16, 2012, with our reply brief being filed with the Court of Appeals on March 19, 2012. Oral arguments were held in the case on August 27, 2012.In an opinion handed down on January 25, 2013, the Court of Appeals overturned the $28.5 million jury verdict returned against the Atmos Entities. In a unanimous decision by a three-judge panel, the Court of Appeals reversed the claims asserted by the landowners and investors/working interest owners. The Court of Appeals concluded that all of such claims that the Atmos Entities appealed should have been dismissed by the trial court as a matter of law. The Court of Appeals let stand the jury verdict on one claim that Atmos Energy and our subsidiaries chose not to appeal, which was a trespass claim. The jury had awarded a total of $10,000 in compensatory damages plus accrued interest to one landowner on that claim. The claim was paid on February 18, 2013. The Court of Appeals vacated all of the other damages awarded by the jury and remanded the case to the trial court for a new trial, solely on the issue of whether punitive damages should be awarded to that landowner and, if so, in what amount. The investors/working interest owners, on February 25, 2013, and the landowners, on March 19, 2013, then each filed with the Supreme Court of Kentucky, separate motions for discretionary review of the opinion of the Court of Appeals. We filed responses to the motions. The Kentucky Supreme Court denied the motions for discretionary review on February 12, 2014 and the decision of the Court of Appeals became final on February 21, 2014.  We had previously accrued what we believed to be an adequate amount for the anticipated resolution of this matter. This accrual was reversed during the second fiscal quarter of fiscal 2014 as the appellate process in this case had been completed. Atmos Energy had also filed a motion with the trial court, the Circuit Court of Edmonson County, Kentucky, on March 10, 2014, seeking a ruling that the remaining landowner was not entitled to any punitive damages on the sole remaining claim of trespass.  On May 19, 2014, the Edmonson County Circuit Court entered judgment dismissing any claim for punitive damages relating to the trespass claim. There was no appeal of this judgment. The lawsuit in Edmonson County has now been fully and finally resolved.In addition, in a related matter, on July 12, 2011, the Atmos Entities filed a lawsuit in the United States District Court, Western District of Kentucky, Atmos Energy Corporation et al.vs. Resource Energy Technologies, LLC and Robert Thorpe and John F. Charles, against the third party producer and its affiliates to recover all costs, including attorneys’ fees, incurred by the Atmos Entities, which are associated with the defense and appeal of the case discussed above as well as for all damages awarded to the plaintiffs in such case against the Atmos Entities. The total amount of damages being claimed in the lawsuit is “open-ended” since the appellate process and related costs are ongoing. This lawsuit is based upon the indemnification provisions agreed to by the third party producer in favor of Atmos Gathering that are contained in an agreement entered into between AGC and the third party producer in May 2009. The defendants filed a motion to dismiss the case on August 25, 2011, with Atmos Energy filing a brief in response to such motion on September 19, 2011. On March 27, 2012 the court denied the motion to dismiss. Atmos Energy filed a motion for partial summary judgment against the defendants with the District Court on July 15, 2014, with a ruling by the Court still pending. This case is scheduled for trial beginning October 6, 2014.
CY2013Q2 ato Discontinued Operation Cash Price Received From Disposal Of Discontinued Operation
DiscontinuedOperationCashPriceReceivedFromDisposalOfDiscontinuedOperation
153000000 USD
ato Discontinued Operations Miscellaneous Income Expense
DiscontinuedOperationsMiscellaneousIncomeExpense
548000 USD
CY2013Q2 ato Discontinued Operations Miscellaneous Income Expense
DiscontinuedOperationsMiscellaneousIncomeExpense
0 USD
CY2014Q2 ato Discontinued Operations Miscellaneous Income Expense
DiscontinuedOperationsMiscellaneousIncomeExpense
0 USD
ato Discontinued Operations Miscellaneous Income Expense
DiscontinuedOperationsMiscellaneousIncomeExpense
0 USD
CY2013Q2 ato Discontinued Operations Purchased Gas Cost
DiscontinuedOperationsPurchasedGasCost
0 USD
CY2014Q2 ato Discontinued Operations Purchased Gas Cost
DiscontinuedOperationsPurchasedGasCost
0 USD
ato Discontinued Operations Purchased Gas Cost
DiscontinuedOperationsPurchasedGasCost
21464000 USD
ato Discontinued Operations Purchased Gas Cost
DiscontinuedOperationsPurchasedGasCost
0 USD
CY2013Q2 ato Fair Value Hedge Basis Ineffectiveness
FairValueHedgeBasisIneffectiveness
2361000 USD
CY2014Q2 ato Fair Value Hedge Basis Ineffectiveness
FairValueHedgeBasisIneffectiveness
-817000 USD
ato Fair Value Hedge Basis Ineffectiveness
FairValueHedgeBasisIneffectiveness
1143000 USD
ato Fair Value Hedge Basis Ineffectiveness
FairValueHedgeBasisIneffectiveness
382000 USD
CY2013Q2 ato Fair Value Hedge Timing Ineffectiveness
FairValueHedgeTimingIneffectiveness
-1671000 USD
CY2014Q2 ato Fair Value Hedge Timing Ineffectiveness
FairValueHedgeTimingIneffectiveness
1084000 USD
ato Fair Value Hedge Timing Ineffectiveness
FairValueHedgeTimingIneffectiveness
-1470000 USD
ato Fair Value Hedge Timing Ineffectiveness
FairValueHedgeTimingIneffectiveness
-18325000 USD
CY2013Q2 ato Gain Loss On Derivative Instruments Not Designated Hedges Net Pretax
GainLossOnDerivativeInstrumentsNotDesignatedHedgesNetPretax
-8400000 USD
CY2014Q2 ato Gain Loss On Derivative Instruments Not Designated Hedges Net Pretax
GainLossOnDerivativeInstrumentsNotDesignatedHedgesNetPretax
-600000 USD
ato Gain Loss On Derivative Instruments Not Designated Hedges Net Pretax
GainLossOnDerivativeInstrumentsNotDesignatedHedgesNetPretax
-1700000 USD
ato Gain Loss On Derivative Instruments Not Designated Hedges Net Pretax
GainLossOnDerivativeInstrumentsNotDesignatedHedgesNetPretax
-10700000 USD
CY2014Q2 ato Gain Loss On Hedge Ineffectiveness
GainLossOnHedgeIneffectiveness
-100000 USD
ato Gain Loss On Hedge Ineffectiveness
GainLossOnHedgeIneffectiveness
17300000 USD
ato Gain Loss On Hedge Ineffectiveness
GainLossOnHedgeIneffectiveness
1300000 USD
CY2013Q2 ato Gain Loss On Hedge Ineffectiveness
GainLossOnHedgeIneffectiveness
-400000 USD
ato Hedge Percentage Of Actual Heating Season Gas
HedgePercentageOfActualHeatingSeasonGas
0.32
ato Hedge Volume Of Actual Heating Season Gas
HedgeVolumeOfActualHeatingSeasonGas
24600 MMcf
CY2013Q3 ato Hedged Portion Of Gas Stored Underground Fair Value Disclosure
HedgedPortionOfGasStoredUndergroundFairValueDisclosure
44758000 USD
CY2014Q2 ato Hedged Portion Of Gas Stored Underground Fair Value Disclosure
HedgedPortionOfGasStoredUndergroundFairValueDisclosure
39191000 USD
CY2014Q2 ato Intercompany Payables
IntercompanyPayables
0 USD
CY2013Q3 ato Intercompany Payables
IntercompanyPayables
0 USD
CY2014Q2 ato Intercompany Receivables
IntercompanyReceivables
0 USD
CY2013Q3 ato Intercompany Receivables
IntercompanyReceivables
0 USD
ato Interest Rate Agreement Gain Loss Reclassified To Earnings
InterestRateAgreementGainLossReclassifiedToEarnings
-28350000 USD
CY2014Q2 ato Investment In Subsidaries
InvestmentInSubsidaries
0 USD
CY2013Q3 ato Investment In Subsidaries
InvestmentInSubsidaries
0 USD
CY2013Q1 ato Loss Contingency Compensatory Damages Awarded Value
LossContingencyCompensatoryDamagesAwardedValue
10000 USD
ato Maximum Hedge Percentage Of Anticipated Heating Season Gas
MaximumHedgePercentageOfAnticipatedHeatingSeasonGas
0.5
ato Minimum Hedge Percentage Of Anticipated Heating Season Gas
MinimumHedgePercentageOfAnticipatedHeatingSeasonGas
0.25
CY2014Q2 ato Minimum Length Of Time Hedged In Cash Flow Hedge
MinimumLengthOfTimeHedgedInCashFlowHedge
P1M
CY2013Q2 ato Net Income Loss From Discontinued Operations Available To Common Stockholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersBasic
5280000 USD
CY2014Q2 ato Net Income Loss From Discontinued Operations Available To Common Stockholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersBasic
0 USD
ato Net Income Loss From Discontinued Operations Available To Common Stockholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersBasic
12453000 USD
ato Net Income Loss From Discontinued Operations Available To Common Stockholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersBasic
0 USD
CY2014Q2 ato Other Comprehensive Income Reclassification Adjustment And Unrealized Gain Loss On Derivatives Included In Net Income And Arising During Period Tax
OtherComprehensiveIncomeReclassificationAdjustmentAndUnrealizedGainLossOnDerivativesIncludedInNetIncomeAndArisingDuringPeriodTax
-13472000 USD
CY2013Q2 ato Other Comprehensive Income Reclassification Adjustment And Unrealized Gain Loss On Derivatives Included In Net Income And Arising During Period Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentAndUnrealizedGainLossOnDerivativesIncludedInNetIncomeAndArisingDuringPeriodNetOfTax
31079000 USD
ato Other Comprehensive Income Reclassification Adjustment And Unrealized Gain Loss On Derivatives Included In Net Income And Arising During Period Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentAndUnrealizedGainLossOnDerivativesIncludedInNetIncomeAndArisingDuringPeriodNetOfTax
-36545000 USD
CY2013Q2 ato Other Comprehensive Income Reclassification Adjustment And Unrealized Gain Loss On Derivatives Included In Net Income And Arising During Period Tax
OtherComprehensiveIncomeReclassificationAdjustmentAndUnrealizedGainLossOnDerivativesIncludedInNetIncomeAndArisingDuringPeriodTax
17865000 USD
ato Net Income Loss From Discontinued Operations Available To Common Stockholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersDiluted
0 USD
CY2013Q2 ato Net Income Loss From Discontinued Operations Available To Common Stockholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersDiluted
5280000 USD
ato Net Income Loss From Discontinued Operations Available To Common Stockholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersDiluted
12453000 USD
CY2014Q2 ato Net Income Loss From Discontinued Operations Available To Common Stockholders Diluted
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonStockholdersDiluted
0 USD
ato Nonregulated Segment Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
NonregulatedSegmentEffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.39
CY2014Q2 ato Number Of Customers Discontinued Operations
NumberOfCustomersDiscontinuedOperations
64000 customers
CY2014Q2 ato Number Of Customers Natural Gas Distribution
NumberOfCustomersNaturalGasDistribution
3000000 customers
CY2014Q2 ato Number Of Divisions Natural Gas Distribution
NumberOfDivisionsNaturalGasDistribution
6 regulated_gas_distributions_divisions
ato Other Comprehensive Income Loss Commodity Cash Flow Hedges Net Of Tax
OtherComprehensiveIncomeLossCommodityCashFlowHedgesNetOfTax
4965000 USD
CY2014Q2 ato Other Comprehensive Income Loss Commodity Cash Flow Hedges Net Of Tax
OtherComprehensiveIncomeLossCommodityCashFlowHedgesNetOfTax
-2471000 USD
CY2013Q2 ato Other Comprehensive Income Loss Commodity Cash Flow Hedges Net Of Tax
OtherComprehensiveIncomeLossCommodityCashFlowHedgesNetOfTax
-3508000 USD
ato Other Comprehensive Income Loss Commodity Cash Flow Hedges Net Of Tax
OtherComprehensiveIncomeLossCommodityCashFlowHedgesNetOfTax
6448000 USD
ato Other Comprehensive Income Reclassification Adjustment And Unrealized Gain Loss On Derivatives Included In Net Income And Arising During Period Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentAndUnrealizedGainLossOnDerivativesIncludedInNetIncomeAndArisingDuringPeriodNetOfTax
66852000 USD
CY2014Q2 ato Other Comprehensive Income Reclassification Adjustment And Unrealized Gain Loss On Derivatives Included In Net Income And Arising During Period Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentAndUnrealizedGainLossOnDerivativesIncludedInNetIncomeAndArisingDuringPeriodNetOfTax
-23440000 USD
ato Other Comprehensive Income Reclassification Adjustment And Unrealized Gain Loss On Derivatives Included In Net Income And Arising During Period Tax
OtherComprehensiveIncomeReclassificationAdjustmentAndUnrealizedGainLossOnDerivativesIncludedInNetIncomeAndArisingDuringPeriodTax
38427000 USD
ato Other Comprehensive Income Reclassification Adjustment And Unrealized Gain Loss On Derivatives Included In Net Income And Arising During Period Tax
OtherComprehensiveIncomeReclassificationAdjustmentAndUnrealizedGainLossOnDerivativesIncludedInNetIncomeAndArisingDuringPeriodTax
-21005000 USD
CY2013Q2 ato Other Comprehensive Income Reclassification Adjustment On Forward Commodity Contracts Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnForwardCommodityContractsIncludedInNetIncomeNetOfTax
-340000 USD
ato Other Comprehensive Income Reclassification Adjustment On Forward Commodity Contracts Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnForwardCommodityContractsIncludedInNetIncomeNetOfTax
-5357000 USD
CY2014Q2 ato Other Comprehensive Income Reclassification Adjustment On Forward Commodity Contracts Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnForwardCommodityContractsIncludedInNetIncomeNetOfTax
-2567000 USD
ato Other Comprehensive Income Reclassification Adjustment On Forward Commodity Contracts Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnForwardCommodityContractsIncludedInNetIncomeNetOfTax
5980000 USD
CY2013Q2 ato Other Comprehensive Income Reclassification Adjustment On Treasury Locks Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnTreasuryLocksIncludedInNetIncomeNetOfTax
671000 USD
ato Other Comprehensive Income Reclassification Adjustment On Treasury Locks Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnTreasuryLocksIncludedInNetIncomeNetOfTax
2014000 USD
CY2014Q2 ato Other Comprehensive Income Reclassification Adjustment On Treasury Locks Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnTreasuryLocksIncludedInNetIncomeNetOfTax
671000 USD
ato Other Comprehensive Income Reclassification Adjustment On Treasury Locks Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnTreasuryLocksIncludedInNetIncomeNetOfTax
1544000 USD
CY2014Q2 ato Other Comprehensive Income Unrealized Gain Loss On Forward Commodity Contracts Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnForwardCommodityContractsArisingDuringPeriodNetOfTax
96000 USD
CY2013Q2 ato Other Comprehensive Income Unrealized Gain Loss On Forward Commodity Contracts Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnForwardCommodityContractsArisingDuringPeriodNetOfTax
-3168000 USD
ato Other Comprehensive Income Unrealized Gain Loss On Forward Commodity Contracts Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnForwardCommodityContractsArisingDuringPeriodNetOfTax
11805000 USD
ato Other Comprehensive Income Unrealized Gain Loss On Forward Commodity Contracts Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnForwardCommodityContractsArisingDuringPeriodNetOfTax
-1015000 USD
CY2014Q2 ato Other Comprehensive Income Unrealized Gain Loss On Treasury Locks Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnTreasuryLocksArisingDuringPeriodNetOfTax
-24111000 USD
ato Other Comprehensive Income Unrealized Gain Loss On Treasury Locks Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnTreasuryLocksArisingDuringPeriodNetOfTax
65308000 USD
CY2013Q2 ato Other Comprehensive Income Unrealized Gain Loss On Treasury Locks Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnTreasuryLocksArisingDuringPeriodNetOfTax
30408000 USD
ato Other Comprehensive Income Unrealized Gain Loss On Treasury Locks Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnTreasuryLocksArisingDuringPeriodNetOfTax
-38559000 USD
CY2014Q2 ato Ratio Of Total Debt To Total Capital
RatioOfTotalDebtToTotalCapital
0.46
CY2014Q2 ato Regulated Operations Line Of Credit Facilities Covenant Terms
RegulatedOperationsLineOfCreditFacilitiesCovenantTerms
We are required by the financial covenants in each of these facilities to maintain, at the end of each fiscal quarter, a ratio of total debt to total capitalization of no greater than 70 percent.
ato Regulated Segments Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
RegulatedSegmentsEffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.37
CY2013Q3 ato Regulatory Asset Future Recoverable Pension Costs
RegulatoryAssetFutureRecoverablePensionCosts
17400000 USD
CY2014Q2 ato Regulatory Asset Future Recoverable Pension Costs
RegulatoryAssetFutureRecoverablePensionCosts
18000000 USD
CY2013Q3 ato Regulatory Cost Of Removal Liability
RegulatoryCostOfRemovalLiability
359299000 USD
CY2014Q2 ato Regulatory Cost Of Removal Liability
RegulatoryCostOfRemovalLiability
391785000 USD
CY2014Q2 ato Regulatory Cost Of Removal Obligation
RegulatoryCostOfRemovalObligation
391785000 USD
CY2013Q3 ato Regulatory Cost Of Removal Obligation
RegulatoryCostOfRemovalObligation
359299000 USD
CY2014Q2 ato Segment Reporting Information Other Current Assets
SegmentReportingInformationOtherCurrentAssets
678866000 USD
CY2013Q3 ato Segment Reporting Information Other Current Assets
SegmentReportingInformationOtherCurrentAssets
598968000 USD
CY2014Q2 ato Segment Reporting Information Other Current Liabilities
SegmentReportingInformationOtherCurrentLiabilities
655088000 USD
CY2013Q3 ato Segment Reporting Information Other Current Liabilities
SegmentReportingInformationOtherCurrentLiabilities
608959000 USD
CY2014Q2 ato Segment Reporting Information Other Noncurrent Assets
SegmentReportingInformationOtherNoncurrentAssets
353916000 USD
CY2013Q3 ato Segment Reporting Information Other Noncurrent Assets
SegmentReportingInformationOtherNoncurrentAssets
375763000 USD
CY2014Q2 ato Segment Reporting Information Other Noncurrent Liabilities
SegmentReportingInformationOtherNoncurrentLiabilities
41453000 USD
CY2013Q3 ato Segment Reporting Information Other Noncurrent Liabilities
SegmentReportingInformationOtherNoncurrentLiabilities
37563000 USD
CY2014Q1 ato Shares Issued At Overallotment Option
SharesIssuedAtOverallotmentOption
1200000 shares
ato Significant Purchase Commitment Amount
SignificantPurchaseCommitmentAmount
1354500000 USD
CY2014Q2 ato Significant Purchase Commitment Amount
SignificantPurchaseCommitmentAmount
383200000 USD
ato Significant Purchase Commitment Amount
SignificantPurchaseCommitmentAmount
958200000 USD
CY2013Q2 ato Significant Purchase Commitment Amount
SignificantPurchaseCommitmentAmount
340900000 USD
ato Total Hedge Gain Loss Reclassified To Earnings
TotalHedgeGainLossReclassifiedToEarnings
-26378000 USD
ato Undistributed Earnings From Discontinued Operations Allocated To Participating Securities
UndistributedEarningsFromDiscontinuedOperationsAllocatedToParticipatingSecurities
43000 USD
CY2014Q2 ato Undistributed Earnings From Discontinued Operations Allocated To Participating Securities
UndistributedEarningsFromDiscontinuedOperationsAllocatedToParticipatingSecurities
0 USD
ato Undistributed Earnings From Discontinued Operations Allocated To Participating Securities
UndistributedEarningsFromDiscontinuedOperationsAllocatedToParticipatingSecurities
0 USD
CY2013Q2 ato Undistributed Earnings From Discontinued Operations Allocated To Participating Securities
UndistributedEarningsFromDiscontinuedOperationsAllocatedToParticipatingSecurities
14000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000731802
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
100351676 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Atmos Energy Corporation
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000731802-14-000022-index-headers.html Edgar Link pending
0000731802-14-000022-index.html Edgar Link pending
0000731802-14-000022.txt Edgar Link pending
0000731802-14-000022-xbrl.zip Edgar Link pending
ato-20140630.xml Edgar Link completed
ato-20140630.xsd Edgar Link pending
ato-20140630_cal.xml Edgar Link unprocessable
ato-20140630_def.xml Edgar Link unprocessable
ato-20140630_lab.xml Edgar Link unprocessable
ato-20140630_pre.xml Edgar Link unprocessable
ato2014063010-q.htm Edgar Link pending
ato20140630exhibit12.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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