Murphy Oil (MUR) FY2015 results: revenue $2.9 billion, down 46.3% on the year
Murphy Oil Corp. (MUR) reported revenue of $2.9 billion for fiscal 2015, the year ended 31 December 2015, down 46.3% on the year before. Net income was -$2.3 billion, and diluted earnings per share $-13.03. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$2.9 billion
-46.3% on the year
FY2008FY2015
Operating margin
-110.7%
22.9% a year earlier
FY2008FY2015
Net income
-$2.3 billion
FY2008FY2015
Diluted EPS
-$13.03
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,941
5,476
5,390
-46.3%
Selling, general and administrative
307
364
379
-15.8%
Operating income
-3,257
1,252
1,473
Operating margin
-110.7%
22.9%
27.3%
Interest expense
117
n/a
124
Pre-tax income
-3,282
1,252
1,473
Income tax
-1,026
227
585
Effective tax rate
n/a
18.2%
39.7%
Net income
-2,271
906
1,123
Net margin
-77.2%
16.5%
20.8%
Diluted EPS
-$13.03
$5.03
$5.94
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,168
3,009
3,638
-61.2%
Capital expenditure
2,550
3,679
3,590
-30.7%
Free cash flow
-1,381
-670
48.1
Free cash flow margin
-47.0%
-12.2%
0.9%
Cash from investing
n/a
n/a
-3,731
Cash from financing
n/a
n/a
-108
Depreciation and amortisation
1,620
1,906
1,553
-15.0%
Share-based compensation
44.0
53.2
67.0
-17.2%
Buybacks
250
375
500
-33.3%
Dividends paid
245
236
235
+3.6%
Dividend per share
$1.40
$1.32
$1.25
+5.7%
Diluted shares, weighted
174m
180m
189m
-3.2%
Shares outstanding at period end
172m
177m
183m
-3.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,307
8,573
8,596
-38.1%
Debt
2,831
2,676
2,595
+5.8%
Other liabilities
3,356
5,492
6,319
-38.9%
Total liabilities and equity
11,494
16,742
17,509
-31.3%
Fixed assets
9,818
13,331
13,481
-26.3%
Goodwill
n/a
0.0
40.3
Cash and equivalents
283
1,193
750
-76.3%
Receivables
523
873
1,000
-40.1%
Inventory
167
243
294
-31.3%
Other assets
703
1,102
1,944
-36.2%
Total assets
11,494
16,742
17,509
-31.3%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.