$MUR
Murphy Oil Corp

2014 Q2 Form 10-Q Financial Statement

#000119312514295011 Filed on August 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $1.349B $1.332B $1.332B
YoY Change 1.28% 2.67% -81.39%
Cost Of Revenue $285.9M $434.8M $251.8M
YoY Change 13.54% -110.22% -110.4%
Gross Profit $1.050B $912.8M $1.080B
YoY Change -2.81% 2.76% 34.6%
Gross Profit Margin 77.82% 68.54% 81.1%
Selling, General & Admin $95.00M $111.5M $86.90M
YoY Change 9.32% 112.38% -0.82%
% of Gross Profit 9.05% 12.22% 8.05%
Research & Development $134.8M $157.1M $88.80M
YoY Change 51.8% 14.5% -8.17%
% of Gross Profit 12.84% 17.21% 8.22%
Depreciation & Amortization $459.0M $414.2M $381.4M
YoY Change 20.35% 23.2% 23.1%
% of Gross Profit 43.72% 45.38% 35.31%
Operating Expenses $95.00M $695.4M $86.90M
YoY Change 9.32% 29.76% -0.82%
Operating Profit $954.8M $217.4M $993.3M
YoY Change -3.88% -38.31% 38.95%
Interest Expense $33.77M -$22.60M $29.59M
YoY Change 14.11% 276.67% 155.16%
% of Operating Profit 3.54% -10.4% 2.98%
Other Income/Expense, Net -$178.0K $0.00
YoY Change -100.0%
Pretax Income $304.6M $194.8M $454.2M
YoY Change -32.93% -2.84% 27.21%
Income Tax $161.9M $14.40M $194.3M
% Of Pretax Income 53.16% 7.39% 42.78%
Net Earnings $129.4M $75.40M $402.6M
YoY Change -67.86% -52.49% 36.3%
Net Earnings / Revenue 9.59% 5.66% 30.23%
Basic Earnings Per Share $0.72 $0.41 $2.13
Diluted Earnings Per Share $0.72 $0.40 $2.12
COMMON SHARES
Basic Shares Outstanding 178.5M shares 189.0M shares
Diluted Shares Outstanding 180.0M shares 189.9M shares

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.088B $1.125B $1.104B
YoY Change -1.45% 5.83% -3.33%
Cash & Equivalents $661.1M $750.2M $974.4M
Short-Term Investments $427.0M $375.0M $130.0M
Other Short-Term Assets $802.0M $1.092B $469.0M
YoY Change 71.0% 148.18% 69.31%
Inventory $289.0M $294.0M $759.0M
Prepaid Expenses $125.0M $83.86M $404.3M
Receivables $1.053B $999.9M $2.083B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.233B $3.509B $4.416B
YoY Change -26.79% -14.6% 28.22%
LONG-TERM ASSETS
Property, Plant & Equipment $14.20B $13.48B $14.23B
YoY Change -0.26% 3.61% 25.44%
Goodwill $40.08M $40.26M $40.65M
YoY Change -1.4% -6.6% -3.37%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $101.9M $98.12M $135.2M
YoY Change -24.66% -35.1% -19.67%
Total Long-Term Assets $14.64B $14.00B $14.41B
YoY Change 1.61% 4.37% 24.68%
TOTAL ASSETS
Total Short-Term Assets $3.233B $3.509B $4.416B
Total Long-Term Assets $14.64B $14.00B $14.41B
Total Assets $17.87B $17.51B $18.82B
YoY Change -5.05% -0.08% 25.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.221B $2.336B $3.342B
YoY Change -33.54% -16.68% 45.05%
Accrued Expenses $177.0M
YoY Change -47.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $35.10M $26.25M $17.58M
YoY Change 99.72% 56963.04% 39843.18%
Total Short-Term Liabilities $2.851B $3.224B $3.752B
YoY Change -24.03% -5.43% 47.11%
LONG-TERM LIABILITIES
Long-Term Debt $3.786B $2.937B $3.046B
YoY Change 24.29% 30.79% 284.83%
Other Long-Term Liabilities $331.1M $339.0M $514.7M
YoY Change -35.67% -34.37% 17.72%
Total Long-Term Liabilities $331.1M $3.276B $3.561B
YoY Change -90.7% 18.61% 189.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.851B $3.224B $3.752B
Total Long-Term Liabilities $331.1M $3.276B $3.561B
Total Liabilities $3.182B $6.500B $7.313B
YoY Change -56.49% 5.33% 93.49%
SHAREHOLDERS EQUITY
Retained Earnings $8.231B $8.059B $8.361B
YoY Change -1.55% 4.42% 5.31%
Common Stock $195.0M $194.9M $194.8M
YoY Change 0.13% 0.16% 0.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.086B $732.7M $485.6M
YoY Change 123.69% 189.84% 14957.52%
Treasury Stock Shares 17.45M shares 11.51M shares 7.882M shares
Shareholders Equity $8.399B $8.596B $9.134B
YoY Change
Total Liabilities & Shareholders Equity $17.87B $17.51B $18.82B
YoY Change -5.05% -0.08% 25.49%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $129.4M $75.40M $402.6M
YoY Change -67.86% -52.49% 36.3%
Depreciation, Depletion And Amortization $459.0M $414.2M $381.4M
YoY Change 20.35% 23.2% 23.1%
Cash From Operating Activities $723.8M $775.1M $747.9M
YoY Change -3.22% -18.85% 110.03%
INVESTING ACTIVITIES
Capital Expenditures -$844.3M -$894.8M -$888.5M
YoY Change -4.97% -35.4% 15.43%
Acquisitions
YoY Change
Other Investing Activities -$65.80M -$206.9M $115.5M
YoY Change -156.97% -169.45% 538.12%
Cash From Investing Activities -$910.1M -$1.102B -$773.0M
YoY Change 17.74% 1.33% 2.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 188.5M 39.90M -112.7M
YoY Change -267.26% -84.83% -181.2%
NET CHANGE
Cash From Operating Activities 723.8M 775.1M 747.9M
Cash From Investing Activities -910.1M -1.102B -773.0M
Cash From Financing Activities 188.5M 39.90M -112.7M
Net Change In Cash 2.200M -286.7M -137.8M
YoY Change -101.6% -319.02% -46.32%
FREE CASH FLOW
Cash From Operating Activities $723.8M $775.1M $747.9M
Capital Expenditures -$844.3M -$894.8M -$888.5M
Free Cash Flow $1.568B $1.670B $1.636B
YoY Change -4.17% -28.64% 45.35%

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