MPC FY 2012 Earnings Report — Marathon Petroleum Corporation Revenue & Financial Results | Market Cap Arena

Marathon Petroleum CorporationMPC

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$82.2B	—	$78.6B	—	4.6%
Op. Income	$5.3B	—	$3.7B	—	42.8%
Gross Margin	15.0%	—	12.8%	—	2.2pp
Net Margin	4.1%	—	3.0%	—	1.1pp
EPS (Diluted)	$4.95	—	$3.34	—	48.0%
Free Cash Flow	$3.1B	—	$2.1B	—	47.0%

Revenue Flow

Item	Amount
REVENUE	$82.2B
Cost of Revenue	$69.9B
GROSS PROFIT	$12.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$5.7B
Operating Expenses	$7.0B
Cost & Expenses	$76.9B
OPERATING INCOME	$5.3B
Interest Income	$6M
Interest Expense	$115M
Other Income/Expenses	-$109M
INCOME BEFORE TAX	$5.2B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$995M
EBIT	$5.3B
EBITDA	$6.3B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$82.2B
Cost of Revenue	$69.9B
GROSS PROFIT	$12.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$5.7B
Operating Expenses	$7.0B
Cost & Expenses	$76.9B
OPERATING INCOME	$5.3B
Interest Income	$6M
Interest Expense	$115M
Other Income/Expenses	-$109M
INCOME BEFORE TAX	$5.2B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$995M
EBIT	$5.3B
EBITDA	$6.3B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$995M
Stock-Based Compensation	$0
Deferred Income Tax	$492M
Other Non-Cash Items	$99M
Change in Working Capital	-$487M
OPERATING CASH FLOW	$4.5B
Capital Expenditure	-$1.4B
Acquisitions (Net)	-$190M
Purchases of Investments	-$57M
Sales/Maturities of Investments	$108M
Other Investing Activities	$56M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	-$17M
Common Stock Repurchased	-$1.4B
Common Dividends Paid	-$407M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$3.1B
Net Change in Cash	$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.9B
Short-Term Investments	$0
Net Receivables	$4.6B
Inventory	$3.4B
Other Current Assets	$110M
TOTAL CURRENT ASSETS	$13.0B
PP&E (Net)	$12.6B
Goodwill	$930M
Intangible Assets	$0
Long-Term Investments	$321M
Tax Assets	$0
Other Non-Current Assets	$300M
TOTAL NON-CURRENT ASSETS	$14.2B
TOTAL ASSETS	$27.2B
Account Payables	$6.8B
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	-$252M
TOTAL CURRENT LIABILITIES	$8.2B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$6.9B
TOTAL LIABILITIES	$15.1B
Common Stock	$4M
Additional Paid-In Capital	$9.5B
Retained Earnings	$3.9B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	-$464M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.7B
Minority Interest	$411M
TOTAL EQUITY	$12.1B
TOTAL LIABILITIES & EQUITY	$27.2B
Total Debt	$3.4B
Net Debt	-$1.5B