2010 Form 10-K Financial Statement
#000095012310105040 Filed on November 12, 2010
Income Statement
Concept | 2010 | 2009 Q3 | 2009 |
---|---|---|---|
Revenue | $4.661B | $650.6M | $4.869B |
YoY Change | -4.27% | -54.84% | -32.57% |
Cost Of Revenue | $3.425B | $418.8M | $3.622B |
YoY Change | -5.46% | -64.19% | -38.6% |
Gross Profit | $1.314B | $231.8M | $1.320B |
YoY Change | -0.42% | -14.5% | -0.12% |
Gross Profit Margin | 28.19% | 35.63% | 27.1% |
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $217.0M | $56.40M | $217.2M |
YoY Change | -0.09% | 7.02% | 8.38% |
% of Gross Profit | 16.51% | 24.33% | 16.46% |
Operating Expenses | $850.3M | $217.8M | $883.3M |
YoY Change | -3.74% | -6.72% | -1.13% |
Operating Profit | $463.8M | $14.00M | $436.4M |
YoY Change | 6.29% | -62.77% | 1.98% |
Interest Expense | $154.2M | -$36.80M | $152.6M |
YoY Change | 1.02% | 7.92% | 10.67% |
% of Operating Profit | 33.24% | -262.86% | 34.98% |
Other Income/Expense, Net | -$591.0K | -$2.700M | -$3.067M |
YoY Change | -80.73% | 1250.0% | -212.3% |
Pretax Income | $309.1M | -$25.50M | $280.7M |
YoY Change | 10.12% | -896.88% | -4.11% |
Income Tax | $119.2M | -$9.500M | $97.36M |
% Of Pretax Income | 38.57% | 34.69% | |
Net Earnings | $205.8M | -$16.00M | $191.0M |
YoY Change | 7.78% | -1100.0% | 5.9% |
Net Earnings / Revenue | 4.42% | -2.46% | 3.92% |
Basic Earnings Per Share | $2.22 | $2.08 | |
Diluted Earnings Per Share | $2.20 | -$174.7K | $2.07 |
COMMON SHARES | |||
Basic Shares Outstanding | 91.85M shares | 91.12M shares | |
Diluted Shares Outstanding | 92.42M shares | 91.62M shares |
Balance Sheet
Concept | 2010 | 2009 Q3 | 2009 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $132.0M | $111.0M | $111.0M |
YoY Change | 18.92% | 136.17% | 136.17% |
Cash & Equivalents | $132.0M | $111.2M | $111.0M |
Short-Term Investments | |||
Other Short-Term Assets | $125.0M | $132.2M | $111.0M |
YoY Change | 12.61% | -28.54% | -28.85% |
Inventory | $323.0M | $353.0M | $356.0M |
Prepaid Expenses | |||
Receivables | $258.0M | $232.8M | $233.0M |
Other Receivables | $38.00M | $0.00 | $18.00M |
Total Short-Term Assets | $875.0M | $828.9M | $829.0M |
YoY Change | 5.55% | -35.49% | -35.49% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $4.793B | $4.439B | $4.439B |
YoY Change | 7.97% | 7.3% | 7.3% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $41.00M | $42.00M | |
YoY Change | -2.38% | 10.53% | |
Other Assets | $314.0M | $359.0M | $294.0M |
YoY Change | 6.8% | 58.84% | 56.38% |
Total Long-Term Assets | $5.889B | $5.538B | $5.515B |
YoY Change | 6.78% | 8.55% | 8.09% |
TOTAL ASSETS | |||
Total Short-Term Assets | $875.0M | $828.9M | $829.0M |
Total Long-Term Assets | $5.889B | $5.538B | $5.515B |
Total Assets | $6.764B | $6.367B | $6.344B |
YoY Change | 6.62% | -0.31% | -0.67% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $266.0M | $207.0M | $207.0M |
YoY Change | 28.5% | -47.59% | -47.59% |
Accrued Expenses | $84.00M | $87.00M | |
YoY Change | -3.45% | -8.42% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $126.0M | $72.55M | $73.00M |
YoY Change | 72.6% | -79.33% | -79.2% |
Long-Term Debt Due | $360.0M | $131.0K | $0.00 |
YoY Change | -86.9% | -100.0% | |
Total Short-Term Liabilities | $1.166B | $737.4M | $737.0M |
YoY Change | 58.21% | -38.9% | -38.94% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.810B | $2.169B | $2.169B |
YoY Change | -16.55% | 2.33% | 2.31% |
Other Long-Term Liabilities | $781.0M | $368.2M | $689.0M |
YoY Change | 13.35% | -34.95% | 21.73% |
Total Long-Term Liabilities | $2.591B | $2.538B | $2.858B |
YoY Change | -9.34% | -5.53% | 6.4% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.166B | $737.4M | $737.0M |
Total Long-Term Liabilities | $2.591B | $2.538B | $2.858B |
Total Liabilities | $4.585B | $3.275B | $4.167B |
YoY Change | 10.03% | -24.44% | -3.85% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $405.4M | ||
YoY Change | |||
Common Stock | $1.792B | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.178B | $2.177B | $2.177B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.764B | $6.367B | $6.344B |
YoY Change | 6.62% | -0.31% | -0.67% |
Cashflow Statement
Concept | 2010 | 2009 Q3 | 2009 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $205.8M | -$16.00M | $191.0M |
YoY Change | 7.78% | -1100.0% | 5.9% |
Depreciation, Depletion And Amortization | $217.0M | $56.40M | $217.2M |
YoY Change | -0.09% | 7.02% | 8.38% |
Cash From Operating Activities | $726.5M | $94.60M | $919.2M |
YoY Change | -20.97% | -303.44% | 147.82% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$542.6M | -$167.2M | -$509.5M |
YoY Change | 6.5% | 4.89% | 7.88% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $66.00K | -$1.600M | $7.707M |
YoY Change | -99.14% | -75.0% | -28.21% |
Cash From Investing Activities | -$542.7M | -$168.8M | -$517.2M |
YoY Change | 4.93% | 1.81% | 7.08% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $8.766M | $27.69M | |
YoY Change | -68.34% | 8.72% | |
Debt Paid & Issued, Net | $131.0K | $407.4M | |
YoY Change | -99.97% | 3861.04% | |
Cash From Financing Activities | -$163.0M | 59.70M | -$337.5M |
YoY Change | -51.7% | -71.91% | -444.2% |
NET CHANGE | |||
Cash From Operating Activities | $726.5M | 94.60M | $919.2M |
Cash From Investing Activities | -$542.7M | -168.8M | -$517.2M |
Cash From Financing Activities | -$163.0M | 59.70M | -$337.5M |
Net Change In Cash | $20.75M | -14.50M | $64.49M |
YoY Change | -67.82% | -7350.0% | -560.35% |
FREE CASH FLOW | |||
Cash From Operating Activities | $726.5M | $94.60M | $919.2M |
Capital Expenditures | -$542.6M | -$167.2M | -$509.5M |
Free Cash Flow | $1.269B | $261.8M | $1.429B |
YoY Change | -11.17% | 131.89% | 69.44% |
Facts In Submission
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---|---|---|---|---|
CY2010 | dei |
Document Type
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|
10-K | |
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2010-09-30 | |
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Entity Registrant Name
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|
Atmos Energy Corporation | |
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Entity Central Index Key
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Entity Current Reporting Status
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Entity Voluntary Filers
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2010 | |
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Property Plant And Equipment Net
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Cash And Cash Equivalents At Carrying Value
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Accounts Receivable Net Current
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Property Plant And Equipment Net
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Energy Related Inventory Gas Stored Underground
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Additional Paid In Capital Common Stock
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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Liabilities Current
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Deferred Income Tax Liabilities
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|
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Regulatory Cost Of Removal Liability
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|
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Total Property Plant And Equipment And Construction In Progress
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|
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Property Plant And Equipment Gross
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Common Stock Shares Issued
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Common Stock Shares Authorized
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Common Stock Shares Authorized
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Common Stock Stated Value Per Share
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Stockholders Equity
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|
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Operating Revenues Natural Gas Distribution Segment
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|
2912493000 | USD |
CY2009 | ato |
Operating Revenues Natural Gas Distribution Segment
OperatingRevenuesNaturalGasDistributionSegment
|
2984765000 | USD |
CY2008 | ato |
Operating Revenues Natural Gas Distribution Segment
OperatingRevenuesNaturalGasDistributionSegment
|
3655130000 | USD |
CY2010 | ato |
Operating Revenues Regulated Transmission And Storage Segment
OperatingRevenuesRegulatedTransmissionAndStorageSegment
|
203013000 | USD |
CY2009 | ato |
Operating Revenues Regulated Transmission And Storage Segment
OperatingRevenuesRegulatedTransmissionAndStorageSegment
|
209658000 | USD |
CY2008 | ato |
Operating Revenues Regulated Transmission And Storage Segment
OperatingRevenuesRegulatedTransmissionAndStorageSegment
|
195917000 | USD |
CY2010 | ato |
Operating Revenues Natural Gas Marketing Segment
OperatingRevenuesNaturalGasMarketingSegment
|
2151264000 | USD |
CY2009 | ato |
Operating Revenues Natural Gas Marketing Segment
OperatingRevenuesNaturalGasMarketingSegment
|
2336847000 | USD |
CY2008 | ato |
Operating Revenues Natural Gas Marketing Segment
OperatingRevenuesNaturalGasMarketingSegment
|
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CY2010 | ato |
Operating Revenues Pipeline Storage And Other Segment
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|
35318000 | USD |
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Operating Revenues Pipeline Storage And Other Segment
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|
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Operating Revenues Pipeline Storage And Other Segment
OperatingRevenuesPipelineStorageAndOtherSegment
|
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Operating Revenues Intersegment Eliminations
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|
-512398000 | USD |
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Operating Revenues Intersegment Eliminations
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|
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CY2008 | ato |
Operating Revenues Intersegment Eliminations
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|
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CY2010 | ato |
Total Operating Revenue
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|
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CY2009 | ato |
Total Operating Revenue
TotalOperatingRevenue
|
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CY2008 | ato |
Total Operating Revenue
TotalOperatingRevenue
|
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Purchased Gas Cost Natural Gas Distribution Segment
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|
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Purchased Gas Cost Regulated Transmission And Storage Segment
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|
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Purchased Gas Cost Natural Gas Marketing Segment
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|
2065313000 | USD |
CY2010 | ato |
Purchased Gas Cost Pipeline Storage And Other Segment
PurchasedGasCostPipelineStorageAndOtherSegment
|
7178000 | USD |
CY2010 | ato |
Purchased Gas Cost Intersegment Eliminations
PurchasedGasCostIntersegmentEliminations
|
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Cost Of Revenue
CostOfRevenue
|
3424749000 | USD |
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Gross Profit
GrossProfit
|
1364941000 | USD |
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Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
468038000 | USD |
CY2010 | us-gaap |
Taxes Other
TaxesOther
|
190507000 | USD |
CY2010 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2010 | us-gaap |
Operating Expenses
OperatingExpenses
|
875505000 | USD |
CY2010 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
489436000 | USD |
CY2010 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-339000 | USD |
CY2010 | us-gaap |
Interest Expense
InterestExpense
|
154471000 | USD |
CY2010 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
334626000 | USD |
CY2010 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
128787000 | USD |
CY2010 | us-gaap |
Net Income Loss
NetIncomeLoss
|
205839000 | USD |
CY2010 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.22 | |
CY2010 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.20 | |
CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
91852000 | shares |
CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
92422000 | shares |
CY2009 | ato |
Purchased Gas Cost Natural Gas Distribution Segment
PurchasedGasCostNaturalGasDistributionSegment
|
1960137000 | USD |
CY2009 | ato |
Purchased Gas Cost Regulated Transmission And Storage Segment
PurchasedGasCostRegulatedTransmissionAndStorageSegment
|
0 | USD |
CY2009 | ato |
Purchased Gas Cost Natural Gas Marketing Segment
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|
2252235000 | USD |
CY2008 | ato |
Purchased Gas Cost Natural Gas Marketing Segment
PurchasedGasCostNaturalGasMarketingSegment
|
4194841000 | USD |
CY2009 | ato |
Purchased Gas Cost Pipeline Storage And Other Segment
PurchasedGasCostPipelineStorageAndOtherSegment
|
12428000 | USD |
CY2009 | ato |
Purchased Gas Cost Intersegment Eliminations
PurchasedGasCostIntersegmentEliminations
|
-602422000 | USD |
CY2009 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
3622378000 | USD |
CY2009 | us-gaap |
Gross Profit
GrossProfit
|
1346702000 | USD |
CY2009 | us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
494010000 | USD |
CY2009 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
217208000 | USD |
CY2009 | us-gaap |
Taxes Other
TaxesOther
|
182700000 | USD |
CY2009 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
5382000 | USD |
CY2009 | us-gaap |
Operating Expenses
OperatingExpenses
|
899300000 | USD |
CY2009 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
447402000 | USD |
CY2009 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-3303000 | USD |
CY2009 | us-gaap |
Interest Expense
InterestExpense
|
152830000 | USD |
CY2009 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
291269000 | USD |
CY2009 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
100291000 | USD |
CY2009 | us-gaap |
Net Income Loss
NetIncomeLoss
|
190978000 | USD |
CY2009 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.08 | |
CY2009 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.07 | |
CY2009 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
91117000 | shares |
CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
91620000 | shares |
CY2008 | ato |
Purchased Gas Cost Natural Gas Distribution Segment
PurchasedGasCostNaturalGasDistributionSegment
|
2649064000 | USD |
CY2008 | ato |
Purchased Gas Cost Regulated Transmission And Storage Segment
PurchasedGasCostRegulatedTransmissionAndStorageSegment
|
0 | USD |
CY2008 | ato |
Purchased Gas Cost Pipeline Storage And Other Segment
PurchasedGasCostPipelineStorageAndOtherSegment
|
3396000 | USD |
CY2008 | ato |
Purchased Gas Cost Intersegment Eliminations
PurchasedGasCostIntersegmentEliminations
|
-947322000 | USD |
CY2008 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
5899979000 | USD |
CY2008 | us-gaap |
Gross Profit
GrossProfit
|
1321326000 | USD |
CY2008 | us-gaap |
Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
|
500234000 | USD |
CY2008 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
200442000 | USD |
CY2008 | us-gaap |
Taxes Other
TaxesOther
|
192755000 | USD |
CY2008 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2008 | us-gaap |
Operating Expenses
OperatingExpenses
|
893431000 | USD |
CY2008 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
427895000 | USD |
CY2008 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2731000 | USD |
CY2008 | us-gaap |
Interest Expense
InterestExpense
|
137922000 | USD |
CY2008 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
292704000 | USD |
CY2008 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
112373000 | USD |
CY2008 | us-gaap |
Net Income Loss
NetIncomeLoss
|
180331000 | USD |
CY2008 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.00 | |
CY2008 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.99 | |
CY2008 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89385000 | shares |
CY2008 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89941000 | shares |
CY2010 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
216960000 | USD |
CY2009Q3 | ato |
Stock Issued During Period Value Direct Stock Purchase Plan
StockIssuedDuringPeriodValueDirectStockPurchasePlan
|
8745000 | USD |
CY2009Q3 | ato |
Stock Issued During Period Value Retirement Savings Plan
StockIssuedDuringPeriodValueRetirementSavingsPlan
|
16574000 | USD |
CY2009 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
13280000 | USD |
CY2009Q3 | ato |
Stock Issued During Period Value Directors Stock For Fee Plan
StockIssuedDuringPeriodValueDirectorsStockForFeePlan
|
76000 | USD |
CY2009Q3 | ato |
Stock Issued During Period Value Long Term Incentive Plan
StockIssuedDuringPeriodValueLongTermIncentivePlan
|
8079000 | USD |
CY2007Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1965754000 | USD |
CY2008 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-1897000 | USD |
CY2008 | ato |
Treasury Lock Agreements Net
TreasuryLockAgreementsNet
|
3148000 | USD |
CY2008 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
|
-21000000 | USD |
CY2008 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
160582000 | USD |
CY2008 | us-gaap |
Cumulative Effect Of Initial Adoption Of Fin48
CumulativeEffectOfInitialAdoptionOfFIN48
|
-569000 | USD |
CY2008 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
-117288000 | USD |
CY2008Q3 | ato |
Stock Issued During Period Value Direct Stock Purchase Plan
StockIssuedDuringPeriodValueDirectStockPurchasePlan
|
10335000 | USD |
CY2008Q3 | ato |
Stock Issued During Period Value Retirement Savings Plan
StockIssuedDuringPeriodValueRetirementSavingsPlan
|
15119000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-1820000 | USD |
CY2010 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
173000 | USD |
CY2008Q3 | ato |
Stock Issued During Period Value Long Term Incentive Plan
StockIssuedDuringPeriodValueLongTermIncentivePlan
|
5594000 | USD |
CY2008 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
12878000 | USD |
CY2008Q3 | ato |
Stock Issued During Period Value Directors Stock For Fee Plan
StockIssuedDuringPeriodValueDirectorsStockForFeePlan
|
87000 | USD |
CY2009 | ato |
Treasury Lock Agreements Net
TreasuryLockAgreementsNet
|
3606000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
|
10607000 | USD |
CY2009 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
206741000 | USD |
CY2009 | us-gaap |
Cumulative Effect Of Initial Adoption Of Sfas158
CumulativeEffectOfInitialAdoptionOfSFAS158
|
-7766000 | USD |
CY2009 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
-121460000 | USD |
CY2010 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
1745000 | USD |
CY2010 | ato |
Treasury Lock Agreements Net
TreasuryLockAgreementsNet
|
2030000 | USD |
CY2010 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
|
-6963000 | USD |
CY2010 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
202651000 | USD |
CY2010 | ato |
Repurchase Of Equity Awards Value
RepurchaseOfEquityAwardsValue
|
-1191000 | USD |
CY2010 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
-124287000 | USD |
CY2010Q3 | ato |
Stock Issued During Period Value Direct Stock Purchase Plan
StockIssuedDuringPeriodValueDirectStockPurchasePlan
|
2882000 | USD |
CY2010Q3 | ato |
Stock Issued During Period Value Retirement Savings Plan
StockIssuedDuringPeriodValueRetirementSavingsPlan
|
2281000 | USD |
CY2010Q3 | ato |
Stock Issued During Period Value Long Term Incentive Plan
StockIssuedDuringPeriodValueLongTermIncentivePlan
|
8710000 | USD |
CY2010 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
10894000 | USD |
CY2010Q3 | ato |
Stock Issued During Period Value Directors Stock For Fee Plan
StockIssuedDuringPeriodValueDirectorsStockForFeePlan
|
97000 | USD |
CY2010 | ato |
Share Repurchases Amount
ShareRepurchasesAmount
|
-100450000 | USD |
CY2009Q3 | ato |
Other Comprehensive Income Other Than Temporary Impairment Of Investments After Tax
OtherComprehensiveIncomeOtherThanTemporaryImpairmentOfInvestmentsAfterTax
|
3370000 | USD |
CY2008Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2052492000 | USD |
CY2010 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.34 | |
CY2009 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.32 | |
CY2008 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.30 | |
CY2009 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
94000 | USD |
CY2008 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
147000 | USD |
CY2010 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
196731000 | USD |
CY2009 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
129759000 | USD |
CY2008 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
97940000 | USD |
CY2010 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12655000 | USD |
CY2009 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14494000 | USD |
CY2008 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14032000 | USD |
CY2010 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
11908000 | USD |
CY2009 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
10364000 | USD |
CY2008 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
10665000 | USD |
CY2010 | us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
-1245000 | USD |
CY2009 | us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
-1177000 | USD |
CY2008 | us-gaap |
Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
|
-5492000 | USD |
CY2010 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
40401000 | USD |
CY2009 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-244713000 | USD |
CY2008 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
97018000 | USD |
CY2010 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-54014000 | USD |
CY2009 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-194287000 | USD |
CY2008 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
54726000 | USD |
CY2010 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
18387000 | USD |
CY2009 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-117737000 | USD |
CY2008 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
120882000 | USD |
CY2010 | ato |
Increase Decrease In Other Noncurrent Operating Assets
IncreaseDecreaseInOtherNoncurrentOperatingAssets
|
-14886000 | USD |
CY2009 | ato |
Increase Decrease In Other Noncurrent Operating Assets
IncreaseDecreaseInOtherNoncurrentOperatingAssets
|
106231000 | USD |
CY2008 | ato |
Increase Decrease In Other Noncurrent Operating Assets
IncreaseDecreaseInOtherNoncurrentOperatingAssets
|
-22476000 | USD |
CY2010 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
58069000 | USD |
CY2009 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-181978000 | USD |
CY2008 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
39902000 | USD |
CY2010 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-48992000 | USD |
CY2009 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-717000 | USD |
CY2008 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
60026000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
919233000 | USD |
CY2008 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
370933000 | USD |
CY2009 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
121460000 | USD |
CY2010 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
124287000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
726476000 | USD |
CY2010 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
542636000 | USD |
CY2009 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
509494000 | USD |
CY2008 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
472273000 | USD |
CY2010 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
66000 | USD |
CY2009 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
7707000 | USD |
CY2008 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
10736000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-542702000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-517201000 | USD |
CY2008 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-483009000 | USD |
CY2010 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
54268000 | USD |
CY2009 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-283981000 | USD |
CY2008 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
200174000 | USD |
CY2010 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD |
CY2009 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
445623000 | USD |
CY2008 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD |
CY2010 | us-gaap |
Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
|
0 | USD |
CY2009 | us-gaap |
Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
|
-1938000 | USD |
CY2008 | us-gaap |
Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
|
0 | USD |
CY2010 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
131000 | USD |
CY2009 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
407353000 | USD |
CY2008 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
10284000 | USD |
CY2008 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
117288000 | USD |
CY2010 | ato |
Repurchase Of Equity Awards
RepurchaseOfEquityAwards
|
1191000 | USD |
CY2009 | ato |
Repurchase Of Equity Awards
RepurchaseOfEquityAwards
|
0 | USD |
CY2008 | ato |
Repurchase Of Equity Awards
RepurchaseOfEquityAwards
|
0 | USD |
CY2010 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
8766000 | USD |
CY2009 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
27687000 | USD |
CY2008 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
25466000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-163025000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-337546000 | USD |
CY2008 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
98068000 | USD |
CY2010 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
20749000 | USD |
CY2008 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-14008000 | USD |
CY2009 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
64486000 | USD |
CY2010 | ato |
Increase Decrease In Other Noncurrent Operating Liabilities
IncreaseDecreaseInOtherNoncurrentOperatingLiabilities
|
64266000 | USD |
CY2009 | ato |
Increase Decrease In Other Noncurrent Operating Liabilities
IncreaseDecreaseInOtherNoncurrentOperatingLiabilities
|
84320000 | USD |
CY2008 | ato |
Increase Decrease In Other Noncurrent Operating Liabilities
IncreaseDecreaseInOtherNoncurrentOperatingLiabilities
|
23090000 | USD |
CY2007Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
60725000 | USD |
CY2008Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
46717000 | USD |
CY2009 | ato |
Payments To Repurchase Common Stock
PaymentsToRepurchaseCommonStock
|
0 | USD |
CY2008 | ato |
Payments To Repurchase Common Stock
PaymentsToRepurchaseCommonStock
|
0 | USD |
CY2010 | ato |
Payments To Repurchase Common Stock
PaymentsToRepurchaseCommonStock
|
100450000 | USD |
CY2010 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">1.       </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">Nature of Business</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Atmos Energy Corporation </font><font style="font-family:Times New Roman;font-size:12pt;">("Atmos Energy" or the "Company") </font><font style="font-family:Times New Roman;font-size:12pt;">and our subsidiaries are engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as certain other nonregulated businesses. Through our natural gas distribution business, we deliver natural gas through sales and transportation arrangements to </font><font style="font-family:Times New Roman;font-size:12pt;">over </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> million residential, commercial, public-authority and industrial customers through our six regulated natural gas distribution divisions in the service areas described below:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 21px"><td style="width: 287px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:287px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;TEXT-ALIGN: center;">Division</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 278px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:278px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;TEXT-ALIGN: center;">Service Area</font></td></tr><tr style="height: 21px"><td style="width: 287px; text-align:left;border-color:#000000;min-width:287px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;">Atmos Energy Colorado-Kansas Division</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 278px; text-align:left;border-color:#000000;min-width:278px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;TEXT-ALIGN: left;">Colorado, Kansas, Missouri(1)</font></td></tr><tr style="height: 42px"><td style="width: 287px; text-align:left;border-color:#000000;min-width:287px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;">Atmos Energy Kentucky/Mid-States Division</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 278px; text-align:left;border-color:#000000;min-width:278px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;TEXT-ALIGN: left;">Georgia(1), Illinois(1), Iowa(1), Kentucky, Missouri(1), Tennessee, Virginia(1)</font></td></tr><tr style="height: 21px"><td style="width: 287px; text-align:left;border-color:#000000;min-width:287px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;">Atmos Energy Louisiana Division</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 278px; text-align:left;border-color:#000000;min-width:278px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;TEXT-ALIGN: left;">Louisiana</font></td></tr><tr style="height: 42px"><td style="width: 287px; text-align:left;border-color:#000000;min-width:287px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;">Atmos Energy Mid-Tex Division </font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 278px; text-align:left;border-color:#000000;min-width:278px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;TEXT-ALIGN: left;">Texas, including the Dallas/Fort Worth metropolitan area</font></td></tr><tr style="height: 21px"><td style="width: 287px; text-align:left;border-color:#000000;min-width:287px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;">Atmos Energy Mississippi Division </font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 278px; text-align:left;border-color:#000000;min-width:278px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;TEXT-ALIGN: left;">Mississippi</font></td></tr><tr style="height: 21px"><td style="width: 287px; text-align:left;border-color:#000000;min-width:287px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;">Atmos Energy West Texas Division</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 278px; text-align:left;border-color:#000000;min-width:278px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 12pt;COLOR: #000000;TEXT-ALIGN: left;">West Texas</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">(1)</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Denotes locations where we have more limited service areas.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In addition, we transport natural gas for others through our distribution system. Our natural gas distribution business is 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. Our corporate headquarters and shared-services function are located in </font><font style="font-family:Times New Roman;font-size:12pt;">Dallas</font><font style="font-family:Times New Roman;font-size:12pt;">, </font><font style="font-family:Times New Roman;font-size:12pt;">Texas</font><font style="font-family:Times New Roman;font-size:12pt;">, and our customer support centers are located in </font><font style="font-family:Times New Roman;font-size:12pt;">Amarillo</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">Waco</font><font style="font-family:Times New Roman;font-size:12pt;">, </font><font style="font-family:Times New Roman;font-size:12pt;">Texas</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Our regulated transmission and storage business consists of </font><font style="font-family:Times New Roman;font-size:12pt;">the regulated operations of our Atmos Pipeline–Texas Division, a division of the Company</font><font style="font-family:Times New Roman;font-size:12pt;">. This division transports natural gas to our Mid-Tex Division, transports natural gas for third parties and manages five underground storage reservoirs in </font><font style="font-family:Times New Roman;font-size:12pt;">Texas</font><font style="font-family:Times New Roman;font-size:12pt;">. We also provide ancillary services customary to the pipeline industry including parking arrangements, lending and sales of inventory on hand. Parking arrangements provide short-term interruptible storage of gas on our pipeline. Lending services provide short-term interruptible loans of natural gas from our pipeline to meet market demands.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Our nonregulated businesses operate primarily in the </font><font style="font-family:Times New Roman;font-size:12pt;">Midwest</font><font style="font-family:Times New Roman;font-size:12pt;"> and Southeast and include our natural gas marketing operations and our pipeline, storage and other operations. These businesses are operated through various wholly-owned subsidiaries of Atmos Energy Holdings, Inc. (AEH), which is wholly-owned by the Company and based in </font><font style="font-family:Times New Roman;font-size:12pt;">Houston</font><font style="font-family:Times New Roman;font-size:12pt;">, </font><font style="font-family:Times New Roman;font-size:12pt;">Texas</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Our natural gas marketing operations are </font><font style="font-family:Times New Roman;font-size:12pt;">conducted through</font><font style="font-family:Times New Roman;font-size:12pt;"> Atmos Energy Marketing, LLC (AEM), which is wholly-owned by AEH. AEM provides a variety of natural gas management services to municipalities, natural gas utility systems and industrial natural gas customers, primarily in the southeastern and midwestern states and to our Colorado-Kansas, Kentucky/Mid-States and </font><font style="font-family:Times New Roman;font-size:12pt;">Louisiana</font><font style="font-family:Times New Roman;font-size:12pt;"> divisions. These services consist primarily of furnishing natural gas supplies at fixed and market-based prices, contract negotiation and administration, load forecasting, gas storage acquisition and management services, transportation services, peaking sales and balancing services, capacity utilization strategies and gas price hedging through the use of financial instruments.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Our pipeline, storage and other segment consists primarily of the operations of Atmos Pipeline and Storage, LLC (APS). APS owns and operates a 21 mile pipeline located in </font><font style="font-family:Times New Roman;font-size:12pt;">New Orleans</font><font style="font-family:Times New Roman;font-size:12pt;">, </font><font style="font-family:Times New Roman;font-size:12pt;">Louisiana</font><font style="font-family:Times New Roman;font-size:12pt;">. This pipeline is used primarily to aggregate gas supply for our regulated natural gas distribution division in Louisiana and for AEM, but also provides limited third party transportation services.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">APS also engages in asset optimization activities whereby it seeks to maximize the economic value associated with the storage and transportation capacity it owns or controls. Certain of these arrangements are asset management plans with regulated affiliates of the Company which have been approved by applicable state regulatory commissions. Generally, these asset management plans require APS to share with our regulated customers a portion of the profits earned from these arrangements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Further, APS owns or has an interest in underground storage fields in </font><font style="font-family:Times New Roman;font-size:12pt;">Kentucky</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">Louisiana</font><font style="font-family:Times New Roman;font-size:12pt;"> that are used to reduce the need of our natural gas distribution divisions to contract for pipeline capacity to meet customer demand during peak periods.</font></p> |