MUSA FY 2017 Earnings Report — Murphy USA Inc. Revenue & Financial Results | Market Cap Arena

Murphy USA Inc.MUSA

FY 2017 Earnings

Reported February 20, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$12.8B	—	$11.6B	—	10.6%
Op. Income	$283M	—	$300M	—	-5.5%
Gross Margin	8.3%	—	8.8%	—	-0.5pp
Net Margin	1.9%	—	1.9%	—	0.0pp
EPS (Diluted)	$6.78	—	$5.59	—	21.3%
Free Cash Flow	$25M	—	$75M	—	-66.4%

Revenue Flow

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$11.8B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$141M
Other Expenses	$634M
Operating Expenses	$775M
Cost & Expenses	$12.5B
OPERATING INCOME	$283M
Interest Income	$1M
Interest Expense	$47M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$240M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$245M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$245M
Net Income Deductions	-$36.0K
BOTTOM LINE NET INCOME	$245M
D&A	$119M
EBIT	$287M
EBITDA	$405M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$11.8B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$141M
Other Expenses	$634M
Operating Expenses	$775M
Cost & Expenses	$12.5B
OPERATING INCOME	$283M
Interest Income	$1M
Interest Expense	$47M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$240M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$245M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$245M
Net Income Deductions	-$36.0K
BOTTOM LINE NET INCOME	$245M
D&A	$119M
EBIT	$287M
EBITDA	$405M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$245M
Depreciation & Amortization	$119M
Stock-Based Compensation	$0
Deferred Income Tax	-$50M
Other Non-Cash Items	$7M
Change in Working Capital	-$37M
OPERATING CASH FLOW	$284M
Capital Expenditure	-$258M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$262M
Net Debt Issuance	$207M
Common Stock Repurchased	-$206M
Common Dividends Paid	$0
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$5M
FREE CASH FLOW	$25M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$170M
Short-Term Investments	-$28.0K
Net Receivables	$225M
Inventory	$182M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$614M
PP&E (Net)	$1.7B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.3B
Account Payables	$340M
Short-Term Debt	$20M
Deferred Revenue	$0
Other Current Liabilities	$115M
TOTAL CURRENT LIABILITIES	$533M
Long-Term Debt	$861M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$198M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$500.0K
Additional Paid-In Capital	$550M
Retained Earnings	$995M
Treasury Stock	-$807M
Accum. Other Comp. Income	$0
Other Equity	-$43.0K
TOTAL STOCKHOLDERS' EQUITY	$738M
Minority Interest	$0
TOTAL EQUITY	$738M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$881M
Net Debt	$711M