$MUR
MURPHY OIL CORP

2012 Q3 Form 10-Q Financial Statement

#000119312512453735 Filed on November 06, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q4 2011 Q3
Revenue $2.647B $6.801B $7.220B
YoY Change -63.34% 4.51% 38.84%
Cost Of Revenue $1.787B $5.759B $6.240B
YoY Change -71.37% 20.08% 40.92%
Gross Profit $860.1M $1.036B $979.8M
YoY Change -12.22% 34.77% 26.97%
Gross Profit Margin 32.5% 15.23% 13.57%
Selling, General & Admin $66.14M $79.20M $72.86M
YoY Change -9.22% 13.47% 14.03%
% of Gross Profit 7.69% 7.65% 7.44%
Research & Development $94.10M $185.5M $85.50M
YoY Change 10.06% 67.42% 37.9%
% of Gross Profit 10.94% 17.91% 8.73%
Depreciation & Amortization $311.3M $296.3M $271.3M
YoY Change 14.74% 12.58% -0.5%
% of Gross Profit 36.19% 28.61% 27.69%
Operating Expenses $66.14M $569.5M $72.86M
YoY Change -9.22% 20.02% 14.03%
Operating Profit $794.0M $466.1M $906.9M
YoY Change -12.46% 58.59% 28.13%
Interest Expense $12.94M -$10.60M $17.33M
YoY Change -25.32% 146.51% 35.9%
% of Operating Profit 1.63% -2.27% 1.91%
Other Income/Expense, Net -$8.508M $25.77M
YoY Change -133.02%
Pretax Income $338.9M $86.50M $526.7M
YoY Change -35.66% -69.78% 49.33%
Income Tax $165.6M $204.4M $179.4M
% Of Pretax Income 48.85% 236.3% 34.06%
Net Earnings $226.7M -$113.9M $406.1M
YoY Change -44.18% -165.42% 100.21%
Net Earnings / Revenue 8.57% -1.67% 5.62%
Basic Earnings Per Share $1.17 -$0.59 $2.10
Diluted Earnings Per Share $1.16 -$0.59 $2.09
COMMON SHARES
Basic Shares Outstanding 194.3M shares 193.5M shares
Diluted Shares Outstanding 195.1M shares 194.4M shares

Balance Sheet

Concept 2012 Q3 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.308B $1.046B $1.773B
YoY Change -26.23% -9.2% 62.21%
Cash & Equivalents $816.7M $513.9M $1.279B
Short-Term Investments $492.0M $532.0M $494.0M
Other Short-Term Assets $325.0M $180.0M $268.0M
YoY Change 21.27% 6.51% 65.43%
Inventory $829.0M $667.0M $639.0M
Prepaid Expenses $239.4M $93.40M
Receivables $1.639B $1.554B $1.781B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.102B $3.448B $4.461B
YoY Change -8.05% -2.91% 29.04%
LONG-TERM ASSETS
Property, Plant & Equipment $12.11B $10.48B $10.34B
YoY Change 17.15% 1.03% 5.01%
Goodwill $43.47M $41.86M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $146.0M $173.5M $651.0M
YoY Change -77.57% -36.23% 67.78%
Total Long-Term Assets $12.49B $10.69B $11.03B
YoY Change 13.22% 0.08% 7.34%
TOTAL ASSETS
Total Short-Term Assets $4.102B $3.448B $4.461B
Total Long-Term Assets $12.49B $10.69B $11.03B
Total Assets $16.59B $14.14B $15.49B
YoY Change 7.09% -0.67% 12.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.919B $1.941B $2.793B
YoY Change 4.51% -13.27% 21.81%
Accrued Expenses $310.0M
YoY Change -2.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $45.00K $350.0M $350.0M
YoY Change -99.99%
Total Short-Term Liabilities $3.225B $2.825B $3.464B
YoY Change -6.91% -3.62% 25.87%
LONG-TERM LIABILITIES
Long-Term Debt $1.185B $249.6M $975.0M
YoY Change 21.5% -73.42% -4.79%
Other Long-Term Liabilities $444.0M $439.6M $934.0M
YoY Change -52.46% -53.77% 6.14%
Total Long-Term Liabilities $1.629B $689.2M $1.909B
YoY Change -14.69% -63.54% 0.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.225B $2.825B $3.464B
Total Long-Term Liabilities $1.629B $689.2M $1.909B
Total Liabilities $4.853B $3.514B $6.603B
YoY Change -26.5% -41.76% 14.52%
SHAREHOLDERS EQUITY
Retained Earnings $8.106B $7.461B
YoY Change
Common Stock $194.5M $193.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.994M $4.848M
YoY Change
Treasury Stock Shares 114.9K shares 186.0K shares
Shareholders Equity $9.617B $8.778B $8.888B
YoY Change
Total Liabilities & Shareholders Equity $16.59B $14.14B $15.49B
YoY Change 7.09% -0.67% 12.8%

Cashflow Statement

Concept 2012 Q3 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income $226.7M -$113.9M $406.1M
YoY Change -44.18% -165.42% 100.21%
Depreciation, Depletion And Amortization $311.3M $296.3M $271.3M
YoY Change 14.74% 12.58% -0.5%
Cash From Operating Activities $754.1M $268.7M $958.8M
YoY Change -21.35% -71.04% 27.3%
INVESTING ACTIVITIES
Capital Expenditures -$819.6M -$758.2M -$617.6M
YoY Change 32.71% 15.56% 14.35%
Acquisitions
YoY Change
Other Investing Activities -$133.5M $488.7M $419.4M
YoY Change -131.83% -676.3% 432.91%
Cash From Investing Activities -$953.1M -$269.5M -$198.3M
YoY Change 380.64% -63.63% -57.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 335.2M -769.5M -263.8M
YoY Change -227.07% 547.18% 11.26%
NET CHANGE
Cash From Operating Activities 754.1M 268.7M 958.8M
Cash From Investing Activities -953.1M -269.5M -198.3M
Cash From Financing Activities 335.2M -769.5M -263.8M
Net Change In Cash 136.2M -770.3M 496.7M
YoY Change -72.58% -1234.46% 809.71%
FREE CASH FLOW
Cash From Operating Activities $754.1M $268.7M $958.8M
Capital Expenditures -$819.6M -$758.2M -$617.6M
Free Cash Flow $1.574B $1.027B $1.576B
YoY Change -0.17% -35.16% 21.89%

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mur Antidilutive Securities Excluded From Computation Of Earnings Price Per Share Amount
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dei Trading Symbol
TradingSymbol
MUR
dei Entity Registrant Name
EntityRegistrantName
MURPHY OIL CORP /DE
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
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2012-09-30
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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The new notes pay interest semi-annually on June 1 and December 1, with the initial interest payment to be made on December 1, 2012.
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mur Debt Instrument Interest Additional Interest Above London Interbank Offered Rate Rate
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mur Cash Provided By Used In Investing Activities Discontinued Operations From Sales Proceeds
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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. In June 2012, the U.S. Supreme Court upheld the constitutionality of the health care reform law.
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CY2012Q3 mur Antidilutive Securities Excluded From Computation Of Earnings Price Per Share Amount
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63.83

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