/2H(   d 1$&|&A%|Page #*'ATMOS ENERGY CORPORATION$'Year Ended September 30, 1994K'CONSOLIDATED BALANCE SHEETS September 30, )' (In thousands, except share data)  "--------"-------- 'ASSETS$ 'Property, plant and equipment 'Utility plant  i A  dHA 'Construction in progress     "-------- "--------  A  A('Less accumulated depreciation and'amortization f A A"--------"--------('Net property, plant and equipment A ,DA'Current assets 'Cash and cash equivalents  *'Accounts receivable, less allowance,'for doubtful accounts of $787 in 1994'and $963 in 1993 s r'Inventories  'Gas stored underground q1 D'Prepayments  "--------"-------'Total current assets @@  @('Deferred charges and other assets @ @"--------"-------- nA A% 'CAPITALIZATION AND LIABILITIES "======== "========!'Shareholders' equity!"'Common stock, no par value##'(stated at $.005 per share);$$'authorized 50,000,000 shares;%'issued and outstanding &'1994 - 15,297,166 shares,''1993 - 14,868,902 shares 'M 'J!('Additional paid-in capital (@ (p@)'Retained earnings )@ )@*"--------*"--------!+'Total shareholders' equity +AA +(A,'Long-term debt ,A ,@-"---------"--------.'Total capitalization .̑A . A/'Current liabilities+0'Current maturities of long-term debt 0 01'Notes payable to banks 1F 1n@2'Accounts payable 2U 2l3'Taxes payable 3 34'Customers' deposits 4A 4 5'Other current liabilities 5~ 576"--------6"-------- 7'Total current liabilities 7@]@ 7v@8'Deferred income taxes 8u 8f-9'Deferred credits and other liabilities 9 @ 9d:"--------:"-------- ;nA ;A<"========<"========D='See accompanying notes to consolidated financial statements. A@'ATMOS ENERGY CORPORATION CONSOLIDATED STATEMENTS OF INCOMEDA' Year ended September 30, C C CD"--------D"--------D"--------E"(In thousands,E"except perE"share data)F'Operating revenues FA F A FdAG'Purchased gas cost G<A GPA GbAH"--------H"--------H"--------I'Gross profit IhA I(A IAJ'Operating expensesK'Operation K@~@ K@ K 3@L'Maintenance L L L?$M'Depreciation and amortization MI MD M5CN'Taxes, other than income NA NA N@O'Income taxes O OY' OP"--------P"--------P"--------Q'Total operating expenses QXNA Q7A QP@R"--------R"--------R"--------S'Operating income Sbg SEv S\T'Other income (expense)U'Interest income U UG UxV'Other, net VO V VlW"--------W"--------W"--------X'Total other income X X6 XY'Interest charges Y0 Y3 Y5Z"--------Z"--------Z"--------['Net income [W9 [D [*\"========\"========\"========]'Net income per share ] ףp= ? ]Q? ]?^"========^"========^"========_'Atmos dividends declared`'per share (Note 2) `)\(? `333333? `(\?a"========a"========a"========!b'Average shares outstanding b[; b8 b5c"========c"========c"========Cd'See accompanying notes to consolidated financial statements.g'ATMOS ENERGY CORPORATION,h'CONSOLIDATED STATEMENTS OF CASH FLOWSi'Year ended September 30, j j jk"--------k"-------k"-------+m'CASH FLOWS FROM OPERATING ACTIVITIESn'Net income nW9 n@ n**o'Adjustments to reconcile net income(p'to net cash provided by operatingq'activities$r'Depreciation and amortization"s'Charged to depreciation andt'amortization tI t`@ t5C u'Charged to other accounts u u1 uv'Deferred income taxes v v v] w'Other w5 wn wx"-------x"-------x"------- y;@ yo@ yR@'z'Change in assets and liabilities&{'(Increase) decrease in accounts|'receivable |" | |f)}'(Increase) decrease in inventories } } }(~'(Increase) decrease in gas stored'underground R  )'(Increase) decrease in prepayments  Q &'(Increase) decrease in deferred'charges and other assets  d J&'Increase (decrease) in accounts'payable (  #'Increase (decrease) in taxes'payable   ('Increase (decrease) in customers''deposits   B 'Increase in other current'liabilities G   #&'Increase (decrease) in deferred$'credits and other liabilities !  ;"-------"------- "------%'Net cash provided by operating'activities !@  #@ z+'CASH FLOWS FROM INVESTING ACTIVITIES'Capital expenditures `   )'Retirements of property, plant and'equipment r  E "-------"-------"-------!'Net cash used in investing'activities    N.'CASH FLOWS FROM FINANCING ACTIVITIES $'Net increase in notes payable W  H 'Proceeds from issuance of'long-term debt"-"- '''Cash dividends and distributions 'paid D U *"'Repayment of long-term debt  l 'Issuance of common stock  ~= r"-------"------- "------%'Net cash provided by financing'activities  B  "--------"-------"-------*'Net increase (decrease) in cash and'cash equivalents  { #'Cash and cash equivalents at'beginning of year  s  "--------"-------"-------''Cash and cash equivalents at end'of year   s"========"======="=======