2024 Q3 Form 10-Q Financial Statement

#000073180224000023 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $701.5M
YoY Change 5.86%
Cost Of Revenue -$2.593M
YoY Change -105.82%
Gross Profit $704.1M
YoY Change 13.91%
Gross Profit Margin 100.37%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $166.8M
YoY Change 10.68%
% of Gross Profit 23.69%
Operating Expenses $483.9M
YoY Change 7.78%
Operating Profit $220.3M
YoY Change 30.14%
Interest Expense -$41.16M
YoY Change 31.36%
% of Operating Profit -18.69%
Other Income/Expense, Net $19.90M
YoY Change 23.06%
Pretax Income $199.0M
YoY Change 29.15%
Income Tax $33.44M
% Of Pretax Income 16.8%
Net Earnings $165.6M
YoY Change 20.21%
Net Earnings / Revenue 23.6%
Basic Earnings Per Share $1.08
Diluted Earnings Per Share $1.08
COMMON SHARES
Basic Shares Outstanding 155.2M shares 150.9M shares
Diluted Shares Outstanding 153.4M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $674.6M
YoY Change 1099.6%
Cash & Equivalents $674.6M
Short-Term Investments
Other Short-Term Assets $479.8M
YoY Change 64.99%
Inventory $157.9M
Prepaid Expenses
Receivables $391.6M
Other Receivables $0.00
Total Short-Term Assets $1.709B
YoY Change 92.21%
LONG-TERM ASSETS
Property, Plant & Equipment $21.42B
YoY Change 12.64%
Goodwill $731.3M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $944.3M
YoY Change -9.15%
Total Long-Term Assets $23.18B
YoY Change 11.01%
TOTAL ASSETS
Total Short-Term Assets $1.709B
Total Long-Term Assets $23.18B
Total Assets $24.89B
YoY Change 14.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $319.4M
YoY Change -2.6%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $9.621M
YoY Change 28.06%
Total Short-Term Liabilities $984.9M
YoY Change -4.78%
LONG-TERM LIABILITIES
Long-Term Debt $7.866B
YoY Change 18.42%
Other Long-Term Liabilities $595.8M
YoY Change -53.7%
Total Long-Term Liabilities $595.8M
YoY Change -92.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $984.9M
Total Long-Term Liabilities $595.8M
Total Liabilities $1.581B
YoY Change -85.85%
SHAREHOLDERS EQUITY
Retained Earnings $4.209B
YoY Change 15.01%
Common Stock $7.464B
YoY Change 14.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.18B
YoY Change
Total Liabilities & Shareholders Equity $24.89B
YoY Change 14.33%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $165.6M
YoY Change 20.21%
Depreciation, Depletion And Amortization $166.8M
YoY Change 10.68%
Cash From Operating Activities $411.2M
YoY Change 25.06%
INVESTING ACTIVITIES
Capital Expenditures $713.6M
YoY Change 6.81%
Acquisitions
YoY Change
Other Investing Activities $3.781M
YoY Change 213.0%
Cash From Investing Activities -$709.8M
YoY Change 6.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 714.1M
YoY Change 137.19%
NET CHANGE
Cash From Operating Activities 411.2M
Cash From Investing Activities -709.8M
Cash From Financing Activities 714.1M
Net Change In Cash 415.5M
YoY Change -1221.08%
FREE CASH FLOW
Cash From Operating Activities $411.2M
Capital Expenditures $713.6M
Free Cash Flow -$302.4M
YoY Change -10.88%

Facts In Submission

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Nature of Business<div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Atmos Energy Corporation (“Atmos Energy” or the “Company”) and its subsidiaries are engaged in the regulated natural gas distribution and pipeline and storage businesses. Our distribution business is subject to federal and state regulation and/or regulation by local authorities in each of the states in which our regulated divisions and subsidiaries operate.</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our distribution business delivers natural gas through sales and transportation arrangements to over 3.3 million residential, commercial, public authority and industrial customers through our six regulated distribution divisions, which at June 30, 2024, covered service areas located in eight states. </span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our pipeline and storage business, which is also subject to federal and state regulations, includes the transportation of natural gas to our Texas and Louisiana distribution systems and the management of our underground storage facilities used to support our distribution business in various states.</span></div>
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