MUR Q3 2019 Earnings Report — Murphy Oil Corporation Revenue & Financial Results | Market Cap Arena

Murphy Oil CorporationMUR

Q3 2019 Earnings

Reported October 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2019	Q2 2019	Q3 2018	QoQ Change	YoY Change
Revenue	$750M	$646M	$660M	16.1%	13.7%
Op. Income	$226M	$171M	$211M	32.4%	7.4%
Gross Margin	29.7%	37.9%	43.2%	-8.2pp	-13.5pp
Net Margin	145.1%	14.3%	14.2%	130.9pp	130.9pp
EPS (Diluted)	$6.76	$0.54	$0.54	1151.9%	1151.9%
Free Cash Flow	$147M	-$1.2B	$37M	112.7%	294.5%

Revenue Flow

Item	Amount
REVENUE	$750M
Cost of Revenue	$527M
GROSS PROFIT	$223M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$55M
Other Expenses	$29M
Operating Expenses	$78M
Cost & Expenses	$606M
OPERATING INCOME	$226M
Interest Income	$0
Interest Expense	$49M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$177M
Income Tax Expense	$19M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$953M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$326M
EBIT	$226M
EBITDA	$552M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$750M
Cost of Revenue	$527M
GROSS PROFIT	$223M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$55M
Other Expenses	$29M
Operating Expenses	$78M
Cost & Expenses	$606M
OPERATING INCOME	$226M
Interest Income	$0
Interest Expense	$49M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$177M
Income Tax Expense	$19M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$953M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$326M
EBIT	$226M
EBITDA	$552M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$343M
Stock-Based Compensation	$10M
Deferred Income Tax	$33M
Other Non-Cash Items	-$934M
Change in Working Capital	$18M
OPERATING CASH FLOW	$498M
Capital Expenditure	-$351M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$348M
Net Debt Issuance	-$1.9B
Common Stock Repurchased	-$106M
Common Dividends Paid	-$40M
Other Financing Activities	-$29M
NET CASH FROM FINANCING	-$2.1B
FREE CASH FLOW	$147M
Net Change in Cash	$109M

Balance Sheet

Item	Amount
Cash & Equivalents	$435M
Short-Term Investments	$0
Net Receivables	$463M
Inventory	$79M
Other Current Assets	$128M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$10.5B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$95M
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$10.6B
TOTAL ASSETS	$11.8B
Account Payables	$575M
Short-Term Debt	$117M
Deferred Revenue	$222M
Other Current Liabilities	-$53M
TOTAL CURRENT LIABILITIES	$933M
Long-Term Debt	$2.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$200M
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$4.8B
TOTAL LIABILITIES	$5.8B
Common Stock	$195M
Additional Paid-In Capital	$941M
Retained Earnings	$6.7B
Treasury Stock	-$1.6B
Accum. Other Comp. Income	-$563M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.7B
Minority Interest	$349M
TOTAL EQUITY	$6.0B
TOTAL LIABILITIES & EQUITY	$11.8B
Total Debt	$3.4B
Net Debt	$2.9B