$MPC
Marathon Petroleum Corp

2013 Q2 Form 10-Q Financial Statement

#000119312513326060 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $25.68B $20.24B
YoY Change 26.84% -2.49%
Cost Of Revenue $24.00B $18.29B
YoY Change 31.23% -3.27%
Gross Profit $1.701B $1.973B
YoY Change -13.79% 5.56%
Gross Profit Margin 6.62% 9.75%
Selling, General & Admin $358.0M $365.0M
YoY Change -1.92% 26.74%
% of Gross Profit 21.05% 18.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $302.0M $236.0M
YoY Change 27.97% 8.26%
% of Gross Profit 17.75% 11.96%
Operating Expenses $358.0M $365.0M
YoY Change -1.92% 26.74%
Operating Profit $960.0M $1.307B
YoY Change -26.55% -6.24%
Interest Expense -$45.00M $47.00M
YoY Change -195.74% 11.9%
% of Operating Profit -4.69% 3.6%
Other Income/Expense, Net -$45.00M -$7.000M
YoY Change 542.86% -333.33%
Pretax Income $915.0M $1.290B
YoY Change -29.07% -3.23%
Income Tax $316.0M $476.0M
% Of Pretax Income 34.54% 36.9%
Net Earnings $593.0M $814.0M
YoY Change -27.15% 1.5%
Net Earnings / Revenue 2.31% 4.02%
Basic Earnings Per Share $1.84 $2.39
Diluted Earnings Per Share $1.83 $2.38
COMMON SHARES
Basic Shares Outstanding 322.0M shares 340.0M shares
Diluted Shares Outstanding 324.0M shares 341.0M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.069B $1.895B
YoY Change 61.95% 16.83%
Cash & Equivalents $3.069B $1.895B
Short-Term Investments
Other Short-Term Assets $190.0M $73.00M
YoY Change 160.27% -57.06%
Inventory $4.830B $4.030B
Prepaid Expenses
Receivables $6.163B $4.708B
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.25B $10.71B
YoY Change 33.12% 1.84%
LONG-TERM ASSETS
Property, Plant & Equipment $13.80B $12.41B
YoY Change 11.16% 4.01%
Goodwill $938.0M $925.0M
YoY Change 1.41%
Intangibles
YoY Change
Long-Term Investments $328.0M $302.0M
YoY Change 8.61% -6.5%
Other Assets $378.0M $334.0M
YoY Change 13.17% -4.84%
Total Long-Term Assets $15.44B $13.98B
YoY Change 10.5% 3.9%
TOTAL ASSETS
Total Short-Term Assets $14.25B $10.71B
Total Long-Term Assets $15.44B $13.98B
Total Assets $29.70B $24.68B
YoY Change 20.32% 2.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.601B $6.155B
YoY Change 39.74% -16.02%
Accrued Expenses $690.0M $586.0M
YoY Change 17.75% 11.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $19.00M
YoY Change 21.05% 58.33%
Total Short-Term Liabilities $10.24B $7.568B
YoY Change 35.32% -11.48%
LONG-TERM LIABILITIES
Long-Term Debt $3.387B $3.316B
YoY Change 2.14% 1.66%
Other Long-Term Liabilities $1.683B $1.648B
YoY Change 2.12% -8.09%
Total Long-Term Liabilities $5.070B $4.964B
YoY Change 2.14% -1.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.24B $7.568B
Total Long-Term Liabilities $5.070B $4.964B
Total Liabilities $17.50B $14.36B
YoY Change 21.89% -4.22%
SHAREHOLDERS EQUITY
Retained Earnings $4.969B $2.136B
YoY Change 132.63%
Common Stock $9.741B $9.430B
YoY Change 3.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.672B $743.0M
YoY Change 259.62%
Treasury Stock Shares 45.00M shares 18.00M shares
Shareholders Equity $11.78B $10.33B
YoY Change
Total Liabilities & Shareholders Equity $29.70B $24.68B
YoY Change 20.32% 2.99%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $593.0M $814.0M
YoY Change -27.15% 1.5%
Depreciation, Depletion And Amortization $302.0M $236.0M
YoY Change 27.97% 8.26%
Cash From Operating Activities -$436.0M $269.0M
YoY Change -262.08% 627.03%
INVESTING ACTIVITIES
Capital Expenditures -$229.0M -$326.0M
YoY Change -29.75% 18.98%
Acquisitions
YoY Change
Other Investing Activities -$7.000M -$161.0M
YoY Change -95.65% -105.96%
Cash From Investing Activities -$236.0M -$487.0M
YoY Change -51.54% -120.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $882.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -996.0M -92.00M
YoY Change 982.61% -91.34%
NET CHANGE
Cash From Operating Activities -436.0M 269.0M
Cash From Investing Activities -236.0M -487.0M
Cash From Financing Activities -996.0M -92.00M
Net Change In Cash -1.668B -310.0M
YoY Change 438.06% -122.1%
FREE CASH FLOW
Cash From Operating Activities -$436.0M $269.0M
Capital Expenditures -$229.0M -$326.0M
Free Cash Flow -$207.0M $595.0M
YoY Change -134.79% 91.32%

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dei Trading Symbol
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dei Entity Registrant Name
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CY2013Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
1596000000
CY2013Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
-4000000
CY2013Q2 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
79000000
CY2013Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
1000000
CY2013Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
302000000
CY2013Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
88000000
CY2013Q2 us-gaap Refining And Marketing Costs
RefiningAndMarketingCosts
22320000000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
358000000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
316000000
CY2013Q2 mpc Capital Expenditure
CapitalExpenditure
277000000
CY2013Q2 mpc Consolidated Refined Product Sales Volumes
ConsolidatedRefinedProductSalesVolumes
2135 MBPD
CY2013Q2 mpc Revenues And Other Income
RevenuesAndOtherIncome
25703000000
CY2013Q2 mpc Capital Expenditures And Investments
CapitalExpendituresAndInvestments
283000000

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