MUSA FY 2018 Earnings Report — Murphy USA Inc. Revenue & Financial Results | Market Cap Arena

Murphy USA Inc.MUSA

FY 2018 Earnings

Reported February 19, 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	$14.4B	—	$12.8B	—	12.0%
Op. Income	$325M	—	$283M	—	14.8%
Gross Margin	7.6%	—	8.3%	—	-0.7pp
Net Margin	1.5%	—	1.9%	—	-0.4pp
EPS (Diluted)	$6.48	—	$6.78	—	-4.4%
Free Cash Flow	$194M	—	$25M	—	668.4%

Revenue Flow

Item	Amount
REVENUE	$14.4B
Cost of Revenue	$13.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$136M
Other Expenses	$677M
Operating Expenses	$814M
Cost & Expenses	$14.1B
OPERATING INCOME	$325M
Interest Income	$2M
Interest Expense	$53M
Other Income/Expenses	-$51M
INCOME BEFORE TAX	$274M
Income Tax Expense	$60M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$136M
EBIT	$327M
EBITDA	$463M
EPS	$7
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$14.4B
Cost of Revenue	$13.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$136M
Other Expenses	$677M
Operating Expenses	$814M
Cost & Expenses	$14.1B
OPERATING INCOME	$325M
Interest Income	$2M
Interest Expense	$53M
Other Income/Expenses	-$51M
INCOME BEFORE TAX	$274M
Income Tax Expense	$60M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$214M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$214M
D&A	$136M
EBIT	$327M
EBITDA	$463M
EPS	$7
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$214M
Depreciation & Amortization	$134M
Stock-Based Compensation	-$9M
Deferred Income Tax	$38M
Other Non-Cash Items	$20M
Change in Working Capital	$2M
OPERATING CASH FLOW	$399M
Capital Expenditure	-$204M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$209M
Net Debt Issuance	-$21M
Common Stock Repurchased	-$144M
Common Dividends Paid	$0
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$175M
FREE CASH FLOW	$194M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$185M
Short-Term Investments	$0
Net Receivables	$139M
Inventory	$222M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$570M
PP&E (Net)	$1.7B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$43M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.4B
Account Payables	$275M
Short-Term Debt	$21M
Deferred Revenue	$0
Other Current Liabilities	$116M
TOTAL CURRENT LIABILITIES	$478M
Long-Term Debt	$842M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$192M
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$500.0K
Additional Paid-In Capital	$539M
Retained Earnings	$1.2B
Treasury Stock	-$940M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$807M
Minority Interest	$0
TOTAL EQUITY	$807M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$863M
Net Debt	$679M