$MUR
Murphy Oil Corp

2012 Q1 Form 10-Q Financial Statement

#000119312512215048 Filed on May 07, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue $6.957B $6.272B
YoY Change 10.93% 21.09%
Cost Of Revenue $6.003B $5.421B
YoY Change 10.73% 21.97%
Gross Profit $954.0M $850.5M
YoY Change 12.17% 15.73%
Gross Profit Margin 13.71% 13.56%
Selling, General & Admin $88.16M $69.66M
YoY Change 26.55% 7.01%
% of Gross Profit 9.24% 8.19%
Research & Development $52.90M $96.30M
YoY Change -45.07% 45.03%
% of Gross Profit 5.55% 11.32%
Depreciation & Amortization $332.6M $263.7M
YoY Change 26.1% -9.89%
% of Gross Profit 34.86% 31.01%
Operating Expenses $88.16M $69.66M
YoY Change 26.55% -83.87%
Operating Profit $865.8M $780.8M
YoY Change 10.89% 157.62%
Interest Expense $11.74M $11.72M
YoY Change 0.17% -196.85%
% of Operating Profit 1.36% 1.5%
Other Income/Expense, Net $2.985M
YoY Change
Pretax Income $471.6M $393.2M
YoY Change 19.94% 37.43%
Income Tax $184.2M $173.0M
% Of Pretax Income 39.06% 44.0%
Net Earnings $290.1M $268.9M
YoY Change 7.88% 80.59%
Net Earnings / Revenue 4.17% 4.29%
Basic Earnings Per Share $1.50 $1.39
Diluted Earnings Per Share $1.49 $1.38
COMMON SHARES
Basic Shares Outstanding 193.9M shares 193.1M shares
Diluted Shares Outstanding 194.9M shares 194.6M shares

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.431B $1.146B
YoY Change 24.87% -4.18%
Cash & Equivalents $936.6M $689.4M
Short-Term Investments $494.0M $457.0M
Other Short-Term Assets $227.0M $166.0M
YoY Change 36.75% 13.7%
Inventory $662.0M $750.0M
Prepaid Expenses $144.9M
Receivables $1.485B $1.859B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.805B $3.921B
YoY Change -2.97% 12.48%
LONG-TERM ASSETS
Property, Plant & Equipment $10.92B $10.66B
YoY Change 2.47% 14.54%
Goodwill $42.82M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $166.6M $259.0M
YoY Change -35.69% -22.69%
Total Long-Term Assets $11.13B $10.96B
YoY Change 1.54% 13.21%
TOTAL ASSETS
Total Short-Term Assets $3.805B $3.921B
Total Long-Term Assets $11.13B $10.96B
Total Assets $14.94B $14.88B
YoY Change 0.36% 13.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.651B $2.805B
YoY Change -5.49% 39.97%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $350.0M $0.00
YoY Change
Total Short-Term Liabilities $3.246B $3.181B
YoY Change 2.04% 29.78%
LONG-TERM LIABILITIES
Long-Term Debt $249.6M $974.0M
YoY Change -74.38% -20.88%
Other Long-Term Liabilities $426.5M $965.0M
YoY Change -55.8% 9.53%
Total Long-Term Liabilities $676.1M $1.939B
YoY Change -65.13% -8.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.246B $3.181B
Total Long-Term Liabilities $676.1M $1.939B
Total Liabilities $3.922B $6.353B
YoY Change -38.27% 13.12%
SHAREHOLDERS EQUITY
Retained Earnings $7.698B
YoY Change
Common Stock $194.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.636M
YoY Change
Treasury Stock Shares 177.9K shares
Shareholders Equity $9.119B $8.531B
YoY Change
Total Liabilities & Shareholders Equity $14.94B $14.88B
YoY Change 0.36% 13.01%

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $290.1M $268.9M
YoY Change 7.88% 80.59%
Depreciation, Depletion And Amortization $332.6M $263.7M
YoY Change 26.1% -9.89%
Cash From Operating Activities $991.0M $522.9M
YoY Change 89.52% -36.95%
INVESTING ACTIVITIES
Capital Expenditures $567.3M $508.9M
YoY Change 11.47% -205.8%
Acquisitions
YoY Change
Other Investing Activities -$3.889M -$2.230M
YoY Change 74.39% -98.71%
Cash From Investing Activities -$525.5M -$362.5M
YoY Change 44.95% -44.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.26M -15.06M
YoY Change 240.39% -91.08%
NET CHANGE
Cash From Operating Activities 991.0M 522.9M
Cash From Investing Activities -525.5M -362.5M
Cash From Financing Activities -51.26M -15.06M
Net Change In Cash 414.2M 145.3M
YoY Change 185.08% 2206.44%
FREE CASH FLOW
Cash From Operating Activities $991.0M $522.9M
Capital Expenditures $567.3M $508.9M
Free Cash Flow $423.7M $14.02M
YoY Change 2922.41% -98.93%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
59.655
CY2011Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
689419000
CY2011Q1 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
500685000
CY2011Q1 us-gaap Stockholders Equity
StockholdersEquity
8531237000
CY2011Q1 mur Purchase Commitment Of Commodities
PurchaseCommitmentOfCommodities
7600000 Bushel
CY2011Q1 mur Projects That Have Exploratory Well Costs That Have Been Capitalized
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalized
15 Project
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
194167569 shares
CY2012Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
166566000
CY2012Q1 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
494352000
CY2012Q1 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
453600000
CY2012Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
81962000
CY2012Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
398363000
CY2012Q1 us-gaap Treasury Stock Value
TreasuryStockValue
4636000
CY2012Q1 us-gaap Liabilities Current
LiabilitiesCurrent
3245889000
CY2012Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1500000000
CY2012Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
249565000
CY2012Q1 us-gaap Other Inventory Supplies
OtherInventorySupplies
227927000
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7697630000
CY2012Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1485059000
CY2012Q1 us-gaap Assets
Assets
14936948000
CY2012Q1 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
243600000
CY2012Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
244948000
CY2012Q1 us-gaap Defined Benefit Plan Estimated Future Employer Contributions In Current Fiscal Year
DefinedBenefitPlanEstimatedFutureEmployerContributionsInCurrentFiscalYear
25800000
CY2012Q1 us-gaap Common Stock Value
CommonStockValue
194345000
CY2012Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
400000 shares
CY2012Q1 us-gaap Assets Current
AssetsCurrent
3804603000
CY2012Q1 us-gaap Goodwill
Goodwill
42820000
CY2012Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
426535000
CY2012Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
613538000
CY2012Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
190149000
CY2012Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
144905000
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
936649000
CY2012Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2012Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
833381000
CY2012Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7813000
CY2012Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1282338000
CY2012Q1 us-gaap Oil And Gas Delivery Commitments And Contracts Fixed Price
OilAndGasDeliveryCommitmentsAndContractsFixedPrice
4.43
CY2012Q1 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
713100000
CY2012Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7267611000
CY2012Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2650907000
CY2012Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
166181000
CY2012Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14936948000
CY2012Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2012Q1 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
563505000
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
9119083000
CY2012Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
194345426 shares
CY2012Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
100
CY2012Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10922959000
CY2012Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
350034000
CY2012Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2012Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
177857 shares
CY2012Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
578413000
CY2012Q1 mur Volume Of Energy Commodity Contracts Natural Gas
VolumeOfEnergyCommodityContractsNaturalGas
50000000 cf
CY2012Q1 mur Purchase Commitment Of Commodities
PurchaseCommitmentOfCommodities
11700000 Bushel
CY2012Q1 mur Sale Commitment Of Commodities
SaleCommitmentOfCommodities
900000 Bushel
CY2012Q1 mur Projects That Have Exploratory Well Costs That Have Been Capitalized
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalized
16 Project
CY2012Q1 mur Number Of Sites
NumberOfSites
1 Location
CY2012Q1 mur Accumulated Other Comprehensive Income Interest Rate Derivatives Net
AccumulatedOtherComprehensiveIncomeInterestRateDerivativesNet
-13869000
CY2012Q1 mur Line Of Credit Maturity Month And Year
LineOfCreditMaturityMonthAndYear
2016-06
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
535825000
CY2010Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
497765000
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
173455000
CY2011Q4 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
532093000
CY2011Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
87486000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
310420000
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
4848000
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2824928000
CY2011Q4 us-gaap Assets Current
AssetsCurrent
3447671000
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
249553000
CY2011Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
222438000
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7460942000
CY2011Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1554184000
CY2011Q4 us-gaap Assets
Assets
14138138000
CY2011Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
189320000
CY2011Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
201784000
CY2011Q4 us-gaap Goodwill
Goodwill
41863000
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
193909000
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
400000 shares
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
439604000
CY2011Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
254880000
CY2011Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
93397000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
513873000
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2011Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
817974000
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7892000
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1230111000
CY2011Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
580200000
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6861494000
CY2011Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2273139000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
168889000
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14138138000
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2011Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
556412000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
8778397000
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
193909200 shares
CY2011Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
615545000
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
100
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10475149000
CY2011Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
350005000
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
185992 shares
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
496161000
CY2011Q4 mur Accumulated Other Comprehensive Income Interest Rate Derivatives Net
AccumulatedOtherComprehensiveIncomeInterestRateDerivativesNet
-16852000
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.74
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1643000 shares
CY2010Q1 us-gaap Defined Benefit Plan Other Information
DefinedBenefitPlanOtherInformation
In March 2010, the United States Congress enacted a health care reform law. Along with other provisions, the law (a) eliminates the tax free status of federal subsidies to companies with qualified retiree prescription drug plans that are actuarially equivalent to Medicare Part D plans beginning in 2013; (b) imposes a 40% excise tax on high-cost health plans as defined in the law beginning in 2018; (c) eliminates lifetime or annual coverage limits and required coverage for preventative health services beginning in September 2010; and (d) imposed a fee of $2 (subsequently adjusted for inflation) for each person covered by a health insurance policy beginning in September 2010.
CY2010Q1 mur Adjustment Policy Charges And Fee Income
AdjustmentPolicyChargesAndFeeIncome
2
CY2010Q1 mur Federal Excise Tax Rate
FederalExciseTaxRate
0.40 pure
CY2010 mur Costs Benefits From Reduction In Working Interests
CostsBenefitsFromReductionInWorkingInterests
102100000
CY2011Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
48931000
CY2011Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
34990000
CY2011Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-15471000
CY2011Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4586000
CY2011Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6816000
CY2011Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
587795000
CY2011Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-362535000
CY2011Q1 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
40200000
CY2011Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
428253000
CY2011Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-391217000
CY2011Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
9487000
CY2011Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-140422000
CY2011Q1 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0
CY2011Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
4253000
CY2011Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
603000
CY2011Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10226000
CY2011Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
697994 shares
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.23
CY2011Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
263747000
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.22
CY2011Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
99654000
CY2011Q1 us-gaap Revenues
Revenues
6271673000
CY2011Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
238442000
CY2011Q1 us-gaap Exploration Expense
ExplorationExpense
96274000
CY2011Q1 us-gaap Costs And Expenses
CostsAndExpenses
5860240000
CY2011Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
522900000
CY2011Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
370714000
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.16
CY2011Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
53104000
CY2011Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
411433000
CY2011Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
474963000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.38
CY2011Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-2146000
CY2011Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-236926000
CY2011Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
147547000
CY2011Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2230000
CY2011Q1 us-gaap Interest Expense
InterestExpense
11719000
CY2011Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
813000
CY2011Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0
CY2011Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8014000
CY2011Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
2157000
CY2011Q1 us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
29387000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
268903000
CY2011Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
18470000
CY2011Q1 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
2920000
CY2011Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1079994000
CY2011Q1 us-gaap Refining And Marketing Costs
RefiningAndMarketingCosts
4956376000
CY2011Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
508880000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.39
CY2011Q1 us-gaap Sales Revenue Net
SalesRevenueNet
6266009000
CY2011Q1 us-gaap Tax Benefit From Stock Options Exercised
TaxBenefitFromStockOptionsExercised
6000000
CY2011Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
5683000
CY2011Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-38554000
CY2011Q1 us-gaap Interest Paid Net
InterestPaidNet
-4921000
CY2011Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
6433000
CY2011Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2989000
CY2011Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
5611000
CY2011Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
69661000
CY2011Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
172991000
CY2011Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
153594000
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193092509 shares
CY2011Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
8288000
CY2011Q1 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
53000
CY2011Q1 us-gaap Direct Operating Costs
DirectOperatingCosts
464760000
CY2011Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
47937000
CY2011Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12032000
CY2011Q1 us-gaap Exploratory Wells Drilled Net Productive
ExploratoryWellsDrilledNetProductive
65 Well
CY2011Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.420 pure
CY2011Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
76000
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.16
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194597368 shares
CY2011Q1 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
6479000
CY2011Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15059000
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
30461000
CY2011Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1504859 shares
CY2011Q1 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
35804000
CY2011Q1 mur Payments For Repairs
PaymentsForRepairs
32000
CY2011Q1 mur Antidilutive Securities Excluded From Computation Of Earnings Per Share Average Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAverageExercisePrice
67.64
CY2011Q1 mur Costs Benefits From Reduction In Working Interests
CostsBenefitsFromReductionInWorkingInterests
-5351000
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Trading Symbol
TradingSymbol
MUR
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
MURPHY OIL CORP /DE
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000717423
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-11000
CY2012Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0
CY2012Q1 us-gaap Exploration Expense
ExplorationExpense
53015000
CY2012Q1 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
5522000
CY2012Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6599000
CY2012Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
507305000
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-525511000
CY2012Q1 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0
CY2012Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
469564000
CY2012Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
69126000
CY2012Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
9778000
CY2012Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
298334000
CY2012Q1 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
42431000
CY2012Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
82252000
CY2012Q1 us-gaap Revenues
Revenues
6994519000
CY2012Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
290071000
CY2012Q1 us-gaap Costs And Expenses
CostsAndExpenses
6505910000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
991006000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
378014000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2012Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
53383000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
488609000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
991006000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.49
CY2012Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-51508000
CY2012Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-227067000
CY2012Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
160210000
CY2012Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3889000
CY2012Q1 us-gaap Interest Expense
InterestExpense
11739000
CY2012Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-43165000
CY2012Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7510000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
2983000
CY2012Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5501000
CY2012Q1 us-gaap Open Tax Years By Major Tax Jurisdiction
OpenTaxYearsByMajorTaxJurisdiction
As of March 31, 2012, the earliest years remaining open for audit and/or settlement in our major taxing jurisdictions are as follows: United States – 2008; Canada – 2007; United Kingdom – 2010; and Malaysia – 2006.
CY2012Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
2708000
CY2012Q1 us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
28632000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
290071000
CY2012Q1 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
49524000
CY2012Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1037000
CY2012Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13042000
CY2012Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2834487 shares
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.50
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
340374000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.49
CY2012Q1 us-gaap Refining And Marketing Costs
RefiningAndMarketingCosts
5514379000
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
567264000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.50
CY2012Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3073000
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
6991356000
CY2012Q1 us-gaap Tax Benefit From Stock Options Exercised
TaxBenefitFromStockOptionsExercised
2000000
CY2012Q1 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
5911000
CY2012Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-16823000
CY2012Q1 us-gaap Interest Paid Net
InterestPaidNet
490000
CY2012Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
6423000
CY2012Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3978000
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
89187000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
198538000
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
422776000
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193922260 shares
CY2012Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
8540000
CY2012Q1 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
90000
CY2012Q1 us-gaap Direct Operating Costs
DirectOperatingCosts
493861000
CY2012Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0
CY2012Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4962000
CY2012Q1 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
19600000
CY2012Q1 us-gaap Exploratory Wells Drilled Net Productive
ExploratoryWellsDrilledNetProductive
89 Well
CY2012Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2012-05-01
CY2012Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.406 pure
CY2012Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
123000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194884733 shares
CY2012Q1 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
6957000
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-51259000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
962473 shares
CY2012Q1 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
620000
CY2012Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012Q1 mur Payments For Repairs
PaymentsForRepairs
0
CY2012Q1 mur Antidilutive Securities Excluded From Computation Of Earnings Per Share Average Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAverageExercisePrice
66.51
CY2012Q1 mur Debt Instrument Average Maturity Term
DebtInstrumentAverageMaturityTerm
P10Y
CY2012Q1 mur Debt Instrument Interest Additional Interest Above Libor Rate
DebtInstrumentInterestAdditionalInterestAboveLIBORRate
0.015 pure
CY2012Q1 mur Costs Benefits From Reduction In Working Interests
CostsBenefitsFromReductionInWorkingInterests
0

Files In Submission

Name View Source Status
0001193125-12-215048-index-headers.html Edgar Link pending
0001193125-12-215048-index.html Edgar Link pending
0001193125-12-215048.txt Edgar Link pending
0001193125-12-215048-xbrl.zip Edgar Link pending
d329776d10q.htm Edgar Link pending
d329776dex121.htm Edgar Link pending
d329776dex311.htm Edgar Link pending
d329776dex312.htm Edgar Link pending
d329776dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mur-20120331.xml Edgar Link completed
mur-20120331.xsd Edgar Link pending
mur-20120331_cal.xml Edgar Link unprocessable
mur-20120331_def.xml Edgar Link unprocessable
mur-20120331_lab.xml Edgar Link unprocessable
mur-20120331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending