Murphy Oil (MUR) FY2014 results: revenue $5.5 billion, up 1.6% on the year
Murphy Oil Corp. (MUR) reported revenue of $5.5 billion for fiscal 2014, the year ended 31 December 2014, up 1.6% on the year before. Net income was $906 million, down 19.4%, and diluted earnings per share $5.03. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$5.5 billion
+1.6% on the year
FY2007FY2014
Operating margin
22.9%
27.3% a year earlier
FY2007FY2014
Net income
$906 million
-19.4% on the year
FY2007FY2014
Diluted EPS
$5.03
-15.3% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
5,476
5,390
4,620
+1.6%
Selling, general and administrative
364
379
250
-4.0%
Operating income
1,252
1,473
1,368
-15.0%
Operating margin
22.9%
27.3%
29.6%
Interest expense
n/a
124
54.1
Pre-tax income
1,252
1,473
1,368
-15.0%
Income tax
227
585
562
-61.1%
Effective tax rate
18.2%
39.7%
41.0%
Net income
906
1,123
971
-19.4%
Net margin
16.5%
20.8%
21.0%
Diluted EPS
$5.03
$5.94
$4.99
-15.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
3,009
3,638
3,056
-17.3%
Capital expenditure
3,679
3,590
3,542
+2.5%
Free cash flow
-670
48.1
-485
Free cash flow margin
-12.2%
0.9%
-10.5%
Cash from investing
n/a
-3,731
-3,317
Cash from financing
n/a
-108
686
Depreciation and amortisation
1,906
1,553
1,253
+22.7%
Share-based compensation
53.2
67.0
46.7
-20.6%
Buybacks
375
500
250
-25.0%
Dividends paid
236
235
714
+0.5%
Dividend per share
$1.32
$1.25
$3.67
+6.0%
Diluted shares, weighted
180m
189m
195m
-4.9%
Shares outstanding at period end
177m
183m
191m
-3.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
8,573
8,596
8,942
-0.3%
Debt
2,676
2,595
2,245
+3.2%
Other liabilities
5,492
6,319
6,335
-13.1%
Total liabilities and equity
16,742
17,509
17,523
-4.4%
Fixed assets
13,331
13,481
13,012
-1.1%
Goodwill
0.0
40.3
43.1
Cash and equivalents
1,193
750
947
+59.1%
Receivables
873
1,000
1,853
-12.7%
Inventory
243
294
n/a
-17.5%
Other assets
1,102
1,944
1,667
-43.3%
Total assets
16,742
17,509
17,523
-4.4%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.