Murphy Oil (MUR) FY2011 results: revenue $4.3 billion, down 78.6% on the year
Murphy Oil Corp. (MUR) reported revenue of $4.3 billion for fiscal 2011, the year ended 31 December 2011, down 78.6% on the year before. Net income was $873 million, up 9.4%, and diluted earnings per share $4.49. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$4.3 billion
-78.6% on the year
FY2007FY2011
Operating margin
27.3%
6.6% a year earlier
FY2007FY2011
Net income
$873 million
+9.4% on the year
FY2007FY2011
Diluted EPS
$4.49
+8.7% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
4,279
20,036
16,895
-78.6%
Selling, general and administrative
209
256
212
-18.6%
Operating income
1,168
1,326
1,235
-11.9%
Operating margin
27.3%
6.6%
7.3%
Interest expense
55.8
53.2
53.0
+5.0%
Pre-tax income
1,168
1,326
1,235
-11.9%
Income tax
629
577
522
+9.0%
Effective tax rate
53.8%
43.5%
42.2%
Net income
873
798
838
+9.4%
Net margin
20.4%
4.0%
5.0%
Diluted EPS
$4.49
$4.13
$4.35
+8.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,145
3,129
1,865
-31.4%
Capital expenditure
2,433
2,199
1,866
+10.6%
Free cash flow
-288
930
-1.5
Free cash flow margin
-6.7%
4.6%
-0.0%
Cash from investing
-1,614
-2,329
-2,332
Cash from financing
-548
-566
67.0
Depreciation and amortisation
965
1,092
871
-11.7%
Share-based compensation
43.3
42.0
28.6
+3.0%
Buybacks
0.0
0.0
n/a
Dividends paid
213
201
191
+5.6%
Dividend per share
$1.10
$1.05
$1.00
+4.8%
Diluted shares, weighted
195m
193m
192m
+0.7%
Shares outstanding at period end
194m
193m
191m
+0.5%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
8,778
8,200
7,346
+7.1%
Debt
600
939
1,353
-36.2%
Other liabilities
4,760
5,094
4,057
-6.6%
Total liabilities and equity
14,138
14,233
12,756
-0.7%
Fixed assets
10,475
10,368
9,065
+1.0%
Goodwill
41.9
42.9
40.7
-2.3%
Cash and equivalents
514
536
301
-4.1%
Receivables
1,554
1,467
1,463
+5.9%
Other assets
1,553
1,819
1,886
-14.6%
Total assets
14,138
14,233
12,756
-0.7%
10-K for the year ended 31 December 2011, filed 28 February 2014: the filing.