Murphy Oil (MUR) FY2012 results: revenue $4.6 billion, up 8.0% on the year
Murphy Oil Corp. (MUR) reported revenue of $4.6 billion for fiscal 2012, the year ended 31 December 2012, up 8.0% on the year before. Net income was $971 million, up 11.2%, and diluted earnings per share $4.99. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$4.6 billion
+8.0% on the year
FY2007FY2012
Operating margin
29.6%
27.3% a year earlier
FY2007FY2012
Net income
$971 million
+11.2% on the year
FY2007FY2012
Diluted EPS
$4.99
+11.1% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
4,620
4,279
20,036
+8.0%
Selling, general and administrative
250
209
256
+19.5%
Operating income
1,368
1,168
1,326
+17.1%
Operating margin
29.6%
27.3%
6.6%
Interest expense
54.1
55.8
53.2
-3.1%
Pre-tax income
1,368
1,168
1,326
+17.1%
Income tax
562
629
577
-10.7%
Effective tax rate
41.0%
53.8%
43.5%
Net income
971
873
798
+11.2%
Net margin
21.0%
20.4%
4.0%
Diluted EPS
$4.99
$4.49
$4.13
+11.1%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
3,056
2,145
3,129
+42.5%
Capital expenditure
3,542
2,433
2,199
+45.6%
Free cash flow
-485
-288
930
Free cash flow margin
-10.5%
-6.7%
4.6%
Cash from investing
-3,317
-1,614
-2,329
Cash from financing
686
-548
-566
Depreciation and amortisation
1,253
965
1,092
+29.9%
Share-based compensation
46.7
43.3
42.0
+7.9%
Buybacks
250
0.0
0.0
Dividends paid
714
213
201
+235.8%
Dividend per share
$3.67
$1.10
$1.05
+234.1%
Diluted shares, weighted
195m
195m
193m
+0.1%
Shares outstanding at period end
191m
194m
193m
-1.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
8,942
8,778
8,200
+1.9%
Debt
2,245
600
939
+274.5%
Other liabilities
6,335
4,760
5,094
+33.1%
Total liabilities and equity
17,523
14,138
14,233
+23.9%
Fixed assets
13,012
10,475
10,368
+24.2%
Goodwill
43.1
41.9
42.9
+3.0%
Cash and equivalents
947
514
536
+84.3%
Receivables
1,853
1,554
1,467
+19.2%
Other assets
1,667
1,553
1,819
+7.4%
Total assets
17,523
14,138
14,233
+23.9%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.