MUR FY 2018 Earnings Report — Murphy Oil Corporation Revenue & Financial Results | Market Cap Arena

Murphy Oil CorporationMUR

FY 2018 Earnings

Reported February 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.1B	—	23.3%
Op. Income	$630M	—	$322M	—	95.8%
Gross Margin	40.9%	—	32.0%	—	8.9pp
Net Margin	15.9%	—	-14.9%	—	30.8pp
EPS (Diluted)	$2.36	—	$-1.81	—	230.4%
Free Cash Flow	-$1.1B	—	-$297M	—	-256.1%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$216M
Other Expenses	$35M
Operating Expenses	$365M
Cost & Expenses	$1.9B
OPERATING INCOME	$630M
Interest Income	$8M
Interest Expense	$180M
Other Income/Expenses	-$173M
INCOME BEFORE TAX	$432M
Income Tax Expense	$9M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$250M
Other Adjustments	$0
NET INCOME	$411M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$411M
D&A	$863M
EBIT	$220M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$216M
Other Expenses	$35M
Operating Expenses	$365M
Cost & Expenses	$1.9B
OPERATING INCOME	$630M
Interest Income	$8M
Interest Expense	$180M
Other Income/Expenses	-$173M
INCOME BEFORE TAX	$432M
Income Tax Expense	$9M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$250M
Other Adjustments	$0
NET INCOME	$411M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$411M
D&A	$863M
EBIT	$220M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$411M
Depreciation & Amortization	$847M
Stock-Based Compensation	$34M
Deferred Income Tax	-$21M
Other Non-Cash Items	-$509M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$749M
Capital Expenditure	-$1.8B
Acquisitions (Net)	$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$325M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$173M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	$144M
FREE CASH FLOW	-$1.1B
Net Change in Cash	-$271M

Balance Sheet

Item	Amount
Cash & Equivalents	$387M
Short-Term Investments	$0
Net Receivables	$228M
Inventory	$88M
Other Current Assets	$178M
TOTAL CURRENT ASSETS	$880M
PP&E (Net)	$9.8B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$360M
Other Non-Current Assets	$56M
TOTAL NON-CURRENT ASSETS	$10.2B
TOTAL ASSETS	$11.1B
Account Payables	$348M
Short-Term Debt	$668.0K
Deferred Revenue	-$596M
Other Current Liabilities	$473M
TOTAL CURRENT LIABILITIES	$846M
Long-Term Debt	$3.1B
Deferred Revenue NC	$624M
Deferred Tax Liabilities	$130M
Other Non-Current Liabilities	$1.6B
TOTAL NON-CURRENT LIABILITIES	$5.0B
TOTAL LIABILITIES	$5.9B
Common Stock	$195M
Additional Paid-In Capital	$980M
Retained Earnings	$5.5B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	-$610M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.8B
Minority Interest	$368M
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$11.1B
Total Debt	$3.2B
Net Debt	$2.9B