$MPC
Marathon Petroleum Corp

2012 Q2 Form 10-Q Financial Statement

#000119312512344150 Filed on August 08, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $20.24B $20.76B
YoY Change -2.49% 31.35%
Cost Of Revenue $18.29B $18.90B
YoY Change -3.27% 29.22%
Gross Profit $1.973B $1.869B
YoY Change 5.56% 58.93%
Gross Profit Margin 9.75% 9.0%
Selling, General & Admin $365.0M $288.0M
YoY Change 26.74% -1.03%
% of Gross Profit 18.5% 15.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $236.0M $218.0M
YoY Change 8.26% -18.96%
% of Gross Profit 11.96% 11.66%
Operating Expenses $365.0M $288.0M
YoY Change 26.74% -48.57%
Operating Profit $1.307B $1.394B
YoY Change -6.24% 126.3%
Interest Expense $47.00M $42.00M
YoY Change 11.9% 90.91%
% of Operating Profit 3.6% 3.01%
Other Income/Expense, Net -$7.000M $3.000M
YoY Change -333.33%
Pretax Income $1.290B $1.333B
YoY Change -3.23% 108.28%
Income Tax $476.0M $531.0M
% Of Pretax Income 36.9% 39.83%
Net Earnings $814.0M $802.0M
YoY Change 1.5% 98.02%
Net Earnings / Revenue 4.02% 3.86%
Basic Earnings Per Share $2.39 $2.25
Diluted Earnings Per Share $2.38 $2.24
COMMON SHARES
Basic Shares Outstanding 340.0M shares 356.0M shares
Diluted Shares Outstanding 341.0M shares 358.0M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.895B $1.622B
YoY Change 16.83%
Cash & Equivalents $1.895B $1.622B
Short-Term Investments $0.00
Other Short-Term Assets $73.00M $170.0M
YoY Change -57.06%
Inventory $4.030B $3.679B
Prepaid Expenses
Receivables $4.708B $5.042B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.71B $10.51B
YoY Change 1.84%
LONG-TERM ASSETS
Property, Plant & Equipment $12.41B $11.94B
YoY Change 4.01%
Goodwill $925.0M
YoY Change
Intangibles
YoY Change
Long-Term Investments $302.0M $323.0M
YoY Change -6.5%
Other Assets $334.0M $351.0M
YoY Change -4.84%
Total Long-Term Assets $13.98B $13.45B
YoY Change 3.9%
TOTAL ASSETS
Total Short-Term Assets $10.71B $10.51B
Total Long-Term Assets $13.98B $13.45B
Total Assets $24.68B $23.96B
YoY Change 2.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.155B $7.329B
YoY Change -16.02%
Accrued Expenses $586.0M $525.0M
YoY Change 11.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $19.00M $12.00M
YoY Change 58.33%
Total Short-Term Liabilities $7.568B $8.549B
YoY Change -11.48%
LONG-TERM LIABILITIES
Long-Term Debt $3.316B $3.262B
YoY Change 1.66%
Other Long-Term Liabilities $1.648B $1.793B
YoY Change -8.09%
Total Long-Term Liabilities $4.964B $5.055B
YoY Change -1.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.568B $8.549B
Total Long-Term Liabilities $4.964B $5.055B
Total Liabilities $14.36B $14.99B
YoY Change -4.22%
SHAREHOLDERS EQUITY
Retained Earnings $2.136B
YoY Change
Common Stock $9.430B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $743.0M
YoY Change
Treasury Stock Shares 18.00M shares
Shareholders Equity $10.33B $8.977B
YoY Change
Total Liabilities & Shareholders Equity $24.68B $23.96B
YoY Change 2.99%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $814.0M $802.0M
YoY Change 1.5% 98.02%
Depreciation, Depletion And Amortization $236.0M $218.0M
YoY Change 8.26% -18.96%
Cash From Operating Activities $269.0M $37.00M
YoY Change 627.03% -91.67%
INVESTING ACTIVITIES
Capital Expenditures -$326.0M -$274.0M
YoY Change 18.98% -7.74%
Acquisitions
YoY Change
Other Investing Activities -$161.0M $2.702B
YoY Change -105.96% 2602.0%
Cash From Investing Activities -$487.0M $2.428B
YoY Change -120.06% -1332.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -92.00M -1.062B
YoY Change -91.34% 344.35%
NET CHANGE
Cash From Operating Activities 269.0M 37.00M
Cash From Investing Activities -487.0M 2.428B
Cash From Financing Activities -92.00M -1.062B
Net Change In Cash -310.0M 1.403B
YoY Change -122.1% 17437.5%
FREE CASH FLOW
Cash From Operating Activities $269.0M $37.00M
Capital Expenditures -$326.0M -$274.0M
Free Cash Flow $595.0M $311.0M
YoY Change 91.32% -58.03%

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dei Document Type
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CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
812000000
CY2012Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
3000000
CY2012Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1290000000
CY2012Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
64000000
CY2012Q2 us-gaap Interest Expense
InterestExpense
47000000
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
812000000
CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
2000000
CY2012Q2 us-gaap Fair Value Assets Measured On Recurring Basis Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisGainLossIncludedInInvestmentIncome
0
CY2012Q2 mpc Total Revenues And Other Income
TotalRevenuesAndOtherIncome
20257000000
CY2012Q2 mpc Additions To Noncurrent Assets Including Capital Accruals And Items Not Allocated To Segments
AdditionsToNoncurrentAssetsIncludingCapitalAccrualsAndItemsNotAllocatedToSegments
481000000
CY2012Q2 mpc Capital Expenditures Additions To Assets
CapitalExpendituresAdditionsToAssets
481000000
CY2012Q2 mpc Capital Expenditures Not Allocated To Segments
CapitalExpendituresNotAllocatedToSegments
20000000
CY2012Q2 mpc Consolidated Refined Product Sales Volumes
ConsolidatedRefinedProductSalesVolumes
1591 BPD
CY2012Q2 mpc Elimination Of Revenues From Transactions With Other Operating Segments Of Same Entity
EliminationOfRevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
2302000000
CY2012Q2 mpc Segment Reporting Information Revenue Net Of Revenues From Transactions With Other Operating Segments Of Same Entity
SegmentReportingInformationRevenueNetOfRevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
20245000000
CY2012Q2 mpc Corporate And Other Unallocated Items Segment Revenue
CorporateAndOtherUnallocatedItemsSegmentRevenue
-2000000

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