Company: ATO
Filing Date: 2025-11-14
Form Type: 10-K
Source: 0000731802-25-000056
Chunk: 66

Company: ATMOS ENERGY CORP
Filing Date: 2025-11-14
Form: 10-K
Item: Item 7
Chunk 66
---
 %$— — %Long-term debt (1)8,918,944 39.7 %7,785,297 39.0 %Shareholders’ equity13,558,890 60.3 %12,157,669 61.0 %Total capitalization, including short-term debt$22,477,834 100.0 %$19,942,966 100.0 %

(1)Inclusive of our finance leases, but exclusive of AEK's securitized long-term debt.

Cash Flows

Our internally generated funds may change in the future due to a number of factors, some of which we cannot control. These factors include regulatory changes, the price for our services, the demand for such products and services, margin requirements resulting from significant changes in commodity prices, operational risks, and other factors.

Cash flows from operating, investing, and financing activities for the years ended September 30, 2025, 2024, and 2023 are presented below.

 For the Fiscal Year Ended September 30 2025202420232025 vs. 20242024 vs. 2023 (In thousands)Total cash provided by (used in)Operating activities$2,049,456 $1,733,746 $3,459,743 $315,710 $(1,725,997)Investing activities(3,561,282)(2,922,769)(2,795,280)(638,513)(127,489)Financing activities1,406,773 1,478,631 (696,769)(71,858)2,175,400 Change in cash and cash equivalents and restricted cash and cash equivalents(105,053)289,608 (32,306)(394,661)321,914 Cash and cash equivalents and restricted cash and cash equivalents at beginning of period308,856 19,248 51,554 289,608 (32,306)Cash and cash equivalents and restricted cash and cash equivalents at end of period$203,803 $308,856 $19,248 $(105,053)$289,608 

31

Cash flows for the fiscal year ended September 30, 2024 compared with fiscal year ended September 30, 2023 is described in Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations" of our Annual Report on Form