Murphy Oil (MUR) FY2013 results: revenue $5.4 billion, up 16.7% on the year
Murphy Oil Corp. (MUR) reported revenue of $5.4 billion for fiscal 2013, the year ended 31 December 2013, up 16.7% on the year before. Net income was $1.1 billion, up 15.7%, and diluted earnings per share $5.94. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$5.4 billion
+16.7% on the year
FY2007FY2013
Operating margin
27.3%
29.6% a year earlier
FY2007FY2013
Net income
$1.1 billion
+15.7% on the year
FY2007FY2013
Diluted EPS
$5.94
+19.0% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
5,390
4,620
4,279
+16.7%
Selling, general and administrative
379
250
209
+52.0%
Operating income
1,473
1,368
1,168
+7.7%
Operating margin
27.3%
29.6%
27.3%
Interest expense
124
54.1
55.8
+130.0%
Pre-tax income
1,473
1,368
1,168
+7.7%
Income tax
585
562
629
+4.1%
Effective tax rate
39.7%
41.0%
53.8%
Net income
1,123
971
873
+15.7%
Net margin
20.8%
21.0%
20.4%
Diluted EPS
$5.94
$4.99
$4.49
+19.0%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3,638
3,056
2,145
+19.0%
Capital expenditure
3,590
3,542
2,433
+1.4%
Free cash flow
48.1
-485
-288
Free cash flow margin
0.9%
-10.5%
-6.7%
Cash from investing
-3,731
-3,317
-1,614
Cash from financing
-108
686
-548
Depreciation and amortisation
1,553
1,253
965
+24.0%
Share-based compensation
67.0
46.7
43.3
+43.4%
Buybacks
500
250
0.0
+100.0%
Dividends paid
235
714
213
-67.1%
Dividend per share
$1.25
$3.67
$1.10
-66.0%
Diluted shares, weighted
189m
195m
195m
-2.8%
Shares outstanding at period end
183m
191m
194m
-3.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
8,596
8,942
8,778
-3.9%
Debt
2,595
2,245
600
+15.6%
Other liabilities
6,319
6,335
4,760
-0.3%
Total liabilities and equity
17,509
17,523
14,138
-0.1%
Fixed assets
13,481
13,012
10,475
+3.6%
Goodwill
40.3
43.1
41.9
-6.6%
Cash and equivalents
750
947
514
-20.8%
Receivables
1,000
1,853
1,554
-46.1%
Inventory
294
n/a
n/a
Other assets
1,944
1,667
1,553
+16.6%
Total assets
17,509
17,523
14,138
-0.1%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.