MUR FY 2013 Earnings Report — Murphy Oil Corporation Revenue & Financial Results | Market Cap Arena

Murphy Oil CorporationMUR

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$5.4B	—	$28.6B	—	-81.2%
Op. Income	$1.5B	—	$1.9B	—	-21.2%
Gross Margin	71.2%	—	16.8%	—	54.4pp
Net Margin	20.8%	—	3.4%	—	17.5pp
EPS (Diluted)	$5.94	—	$4.99	—	19.0%
Free Cash Flow	-$253M	—	-$485M	—	47.8%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$379M
Other Expenses	$1.9B
Operating Expenses	$2.3B
Cost & Expenses	$3.8B
OPERATING INCOME	$1.5B
Interest Income	$77M
Interest Expense	$72M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$585M
Net Income from Continuing Ops	$888M
Net Income from Discontinued Ops	$235M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.6B
EBIT	$1.5B
EBITDA	$3.1B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$379M
Other Expenses	$1.9B
Operating Expenses	$2.3B
Cost & Expenses	$3.8B
OPERATING INCOME	$1.5B
Interest Income	$77M
Interest Expense	$72M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$585M
Net Income from Continuing Ops	$888M
Net Income from Discontinued Ops	$235M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.6B
EBIT	$1.5B
EBITDA	$3.1B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$1.7B
Stock-Based Compensation	$67M
Deferred Income Tax	$158M
Other Non-Cash Items	$544M
Change in Working Capital	$238M
OPERATING CASH FLOW	$3.3B
Capital Expenditure	-$3.6B
Acquisitions (Net)	$0
Purchases of Investments	-$923M
Sales/Maturities of Investments	$664M
Other Investing Activities	-$141M
NET CASH FROM INVESTING	-$3.7B
Net Debt Issuance	$350M
Common Stock Repurchased	-$500M
Common Dividends Paid	-$235M
Other Financing Activities	$595M
NET CASH FROM FINANCING	$194M
FREE CASH FLOW	-$253M
Net Change in Cash	-$197M

Balance Sheet

Item	Amount
Cash & Equivalents	$750M
Short-Term Investments	$375M
Net Receivables	$1000M
Inventory	$294M
Other Current Assets	$1.0B
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$13.5B
Goodwill	$40M
Intangible Assets	$0
Long-Term Investments	-$61.9B
Tax Assets	$62.0B
Other Non-Current Assets	$381M
TOTAL NON-CURRENT ASSETS	$14.0B
TOTAL ASSETS	$17.5B
Account Payables	$2.2B
Short-Term Debt	$26M
Deferred Revenue	$328M
Other Current Liabilities	$890M
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$2.9B
Deferred Revenue NC	$339M
Deferred Tax Liabilities	$1.5B
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$5.7B
TOTAL LIABILITIES	$17.5B
Common Stock	$195M
Additional Paid-In Capital	$903M
Retained Earnings	$8.1B
Treasury Stock	-$733M
Accum. Other Comp. Income	$172M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.5B
Minority Interest	$0
TOTAL EQUITY	$8.5B
TOTAL LIABILITIES & EQUITY	$17.5B
Total Debt	$3.0B
Net Debt	$2.2B