MUR FY 2008 Earnings Report — Murphy Oil Corporation Revenue & Financial Results | Market Cap Arena

Murphy Oil CorporationMUR

FY 2008 Earnings

Reported February 27, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$27.5B	—	$18.4B	—	49.2%
Op. Income	$2.9B	—	$1.3B	—	126.8%
Gross Margin	13.9%	—	11.1%	—	2.8pp
Net Margin	6.3%	—	4.2%	—	2.2pp
EPS (Diluted)	$9.06	—	$4.01	—	125.9%
Free Cash Flow	$796M	—	-$209M	—	481.4%

Revenue Flow

Item	Amount
REVENUE	$27.5B
Cost of Revenue	$23.7B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$230M
Other Expenses	$713M
Operating Expenses	$943M
Cost & Expenses	$24.6B
OPERATING INCOME	$2.9B
Interest Income	$0
Interest Expense	$105M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$852M
EBIT	$2.9B
EBITDA	$3.7B
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$27.5B
Cost of Revenue	$23.7B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$230M
Other Expenses	$713M
Operating Expenses	$943M
Cost & Expenses	$24.6B
OPERATING INCOME	$2.9B
Interest Income	$0
Interest Expense	$105M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$852M
EBIT	$2.9B
EBITDA	$3.7B
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$852M
Stock-Based Compensation	$0
Deferred Income Tax	$290M
Other Non-Cash Items	$145M
Change in Working Capital	$112M
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$2.2B
Acquisitions (Net)	$362M
Purchases of Investments	-$1.0B
Sales/Maturities of Investments	$623M
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$167M
Other Financing Activities	-$473M
NET CASH FROM FINANCING	-$609M
FREE CASH FLOW	$796M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$666M
Short-Term Investments	$420M
Net Receivables	$1.0B
Inventory	$604M
Other Current Assets	$30M
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$7.7B
Goodwill	$37M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$537M
TOTAL NON-CURRENT ASSETS	$8.3B
TOTAL ASSETS	$11.1B
Account Payables	$1.2B
Short-Term Debt	$3M
Deferred Revenue	$108M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$878M
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$3.0B
TOTAL LIABILITIES	$4.9B
Common Stock	$191M
Additional Paid-In Capital	$632M
Retained Earnings	$5.6B
Treasury Stock	-$14M
Accum. Other Comp. Income	-$88M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.3B
Minority Interest	$0
TOTAL EQUITY	$6.3B
TOTAL LIABILITIES & EQUITY	$11.1B
Total Debt	$1.0B
Net Debt	$363M