$MUR
MURPHY OIL CORP

2023 Q4 Form 10-Q Financial Statement

#000071742323000061 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $842.3M $959.6M
YoY Change -13.56% -26.38%
Cost Of Revenue $201.0M $5.467M
YoY Change -17.35% -87.47%
Gross Profit $641.3M $954.1M
YoY Change -12.3% -24.26%
Gross Profit Margin 76.14% 99.43%
Selling, General & Admin $42.91M $30.75M
YoY Change 4.36% 4.76%
% of Gross Profit 6.69% 3.22%
Research & Development $82.29M $26.50M
YoY Change 34.92% 179.21%
% of Gross Profit 12.83% 2.78%
Depreciation & Amortization $212.8M $237.5M
YoY Change 5.18% 10.71%
% of Gross Profit 33.18% 24.89%
Operating Expenses $432.7M $30.75M
YoY Change 8.66% 4.76%
Operating Profit $208.6M $377.5M
YoY Change -37.36% -49.87%
Interest Expense -$23.68M $29.98M
YoY Change -31.68% -19.91%
% of Operating Profit -11.35% 7.94%
Other Income/Expense, Net -$9.631M -$21.17M
YoY Change 41.55% 10.63%
Pretax Income $169.5M $356.3M
YoY Change -40.02% -51.45%
Income Tax $29.11M $78.11M
% Of Pretax Income 17.17% 21.92%
Net Earnings $116.3M $255.3M
YoY Change -41.68% -51.68%
Net Earnings / Revenue 13.81% 26.61%
Basic Earnings Per Share $0.76 $1.64
Diluted Earnings Per Share $0.75 $1.63
COMMON SHARES
Basic Shares Outstanding 154.5M shares 156.2M shares
Diluted Shares Outstanding 156.8M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $317.1M $328.0M
YoY Change -35.55% -29.61%
Cash & Equivalents $317.1M $327.8M
Short-Term Investments
Other Short-Term Assets $36.67M $38.00M
YoY Change 5.69% -19.44%
Inventory $54.45M $60.44M
Prepaid Expenses $36.67M $38.18M
Receivables $344.0M $460.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $752.2M $887.0M
YoY Change -22.65% -6.79%
LONG-TERM ASSETS
Property, Plant & Equipment $8.970B $8.218B
YoY Change -2.22% -0.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $44.12M $44.29M
YoY Change -72.8% 33.3%
Total Long-Term Assets $9.015B $9.056B
YoY Change -3.45% -2.39%
TOTAL ASSETS
Total Short-Term Assets $752.2M $887.0M
Total Long-Term Assets $9.015B $9.056B
Total Assets $9.767B $9.943B
YoY Change -5.26% -2.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $446.9M $450.0M
YoY Change -17.82% -16.61%
Accrued Expenses $377.9M $418.0M
YoY Change -44.97% -34.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $723.0K $1.000M
YoY Change 3.29% 47.49%
Total Short-Term Liabilities $846.5M $892.4M
YoY Change -32.7% -26.4%
LONG-TERM LIABILITIES
Long-Term Debt $1.328B $1.576B
YoY Change -27.11% -22.09%
Other Long-Term Liabilities $1.766B $290.0M
YoY Change -5.33% -32.44%
Total Long-Term Liabilities $3.094B $290.0M
YoY Change -16.1% -32.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $846.5M $892.4M
Total Long-Term Liabilities $3.094B $290.0M
Total Liabilities $4.404B $4.430B
YoY Change -17.13% -17.19%
SHAREHOLDERS EQUITY
Retained Earnings $6.546B $6.472B
YoY Change 8.1% 9.79%
Common Stock $195.1M $195.1M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.363B $5.340B
YoY Change
Total Liabilities & Shareholders Equity $9.767B $9.943B
YoY Change -5.26% -2.8%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $116.3M $255.3M
YoY Change -41.68% -51.68%
Depreciation, Depletion And Amortization $212.8M $237.5M
YoY Change 5.18% 10.71%
Cash From Operating Activities $543.1M $456.0M
YoY Change 8.28% -35.32%
INVESTING ACTIVITIES
Capital Expenditures $163.7M $207.5M
YoY Change -189.72% -182.94%
Acquisitions
YoY Change
Other Investing Activities -$12.77M $80.10M
YoY Change -901.82% -201.19%
Cash From Investing Activities -$176.5M -$127.4M
YoY Change -2.43% -61.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -376.3M -370.8M
YoY Change 27.14% 9.67%
NET CHANGE
Cash From Operating Activities 543.1M 456.0M
Cash From Investing Activities -176.5M -127.4M
Cash From Financing Activities -376.3M -370.8M
Net Change In Cash -9.743M -42.20M
YoY Change -139.51% -212.34%
FREE CASH FLOW
Cash From Operating Activities $543.1M $456.0M
Capital Expenditures $163.7M $207.5M
Free Cash Flow $379.3M $248.5M
YoY Change -44.54% -73.98%

Facts In Submission

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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
163800 shares
CY2023Q3 mur Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAveragePrice
0
CY2022Q3 mur Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAveragePrice
34.42
mur Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAveragePrice
0
mur Antidilutive Securities Excluded From Computation Of Earnings Per Share Weighted Average Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareWeightedAveragePrice
49.65
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.219
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.217
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.212
CY2022Q3 us-gaap Number Of Foreign Currency Derivatives Held
NumberOfForeignCurrencyDerivativesHeld
0 contract
CY2023Q3 us-gaap Number Of Foreign Currency Derivatives Held
NumberOfForeignCurrencyDerivativesHeld
0 contract
us-gaap Payment For Contingent Consideration Liability Operating Activities
PaymentForContingentConsiderationLiabilityOperatingActivities
139600000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
60200000 usd
CY2023Q3 mur Number Of Offsetting Positions
NumberOfOffsettingPositions
0 offsettingposition
CY2022Q4 mur Number Of Offsetting Positions
NumberOfOffsettingPositions
0 offsettingposition
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-2601000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3347000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
746000 usd
CY2023Q3 mur Threshold For Disclosure Of Monetary Sanctions Environmental Proceedings
ThresholdForDisclosureOfMonetarySanctionsEnvironmentalProceedings
1000000 usd
CY2023Q3 mur Threshold For Disclosure Of Monetary Sanctions Environmental Proceedings
ThresholdForDisclosureOfMonetarySanctionsEnvironmentalProceedings
1000000 usd
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
155467319 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
154463050 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
520 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
169619 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
689824 shares
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
822614 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1684522 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
154473141 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
155455283 shares
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1684522 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1684522 shares
CY2023Q3 us-gaap Assets
Assets
9942600000 usd
CY2023Q3 us-gaap Revenues
Revenues
959600000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
277800000 usd
CY2022Q3 us-gaap Revenues
Revenues
1303400000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
574100000 usd
us-gaap Revenues
Revenues
2615900000 usd
us-gaap Profit Loss
ProfitLoss
584000000.0 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
mur-20230930_def.xml Edgar Link unprocessable
0000717423-23-000061-index-headers.html Edgar Link pending
0000717423-23-000061-index.html Edgar Link pending
0000717423-23-000061.txt Edgar Link pending
0000717423-23-000061-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
mur-20230930.htm Edgar Link pending
mur-20230930.xsd Edgar Link pending
mur-20230930xex311.htm Edgar Link pending
mur-20230930xex312.htm Edgar Link pending
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mur-20230930_g1.jpg Edgar Link pending
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mur-20230930_pre.xml Edgar Link unprocessable
mur-20230930_lab.xml Edgar Link unprocessable
mur-20230930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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mur-20230930_cal.xml Edgar Link unprocessable