Murphy Oil (MUR) FY2016 results: revenue $1.8 billion, down 38.4% on the year
Murphy Oil Corp. (MUR) reported revenue of $1.8 billion for fiscal 2016, the year ended 31 December 2016, down 38.4% on the year before. Net income was -$276 million, and diluted earnings per share $-1.60. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$1.8 billion
-38.4% on the year
FY2009FY2016
Operating margin
-21.5%
-110.7% a year earlier
FY2009FY2016
Net income
-$276 million
FY2009FY2016
Diluted EPS
-$1.60
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,811
2,941
5,476
-38.4%
Selling, general and administrative
246
307
364
-19.7%
Operating income
-389
-3,257
1,252
Operating margin
-21.5%
-110.7%
22.9%
Interest expense
148
117
n/a
+26.2%
Pre-tax income
-493
-3,282
1,252
Income tax
-219
-1,026
227
Effective tax rate
n/a
n/a
18.2%
Net income
-276
-2,271
906
Net margin
-15.2%
-77.2%
16.5%
Diluted EPS
-$1.60
-$13.03
$5.03
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
601
1,168
3,009
-48.6%
Capital expenditure
927
2,550
3,679
-63.6%
Free cash flow
-326
-1,381
-670
Free cash flow margin
-18.0%
-47.0%
-12.2%
Cash from investing
286
n/a
n/a
Cash from financing
-291
n/a
n/a
Depreciation and amortisation
1,054
1,620
1,906
-34.9%
Share-based compensation
46.3
44.0
53.2
+5.2%
Buybacks
n/a
250
375
Dividends paid
207
245
236
-15.7%
Dividend per share
$1.20
$1.40
$1.32
-14.3%
Diluted shares, weighted
172m
174m
180m
-1.2%
Shares outstanding at period end
172m
172m
177m
+0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,917
5,307
8,573
-7.4%
Debt
2,776
2,831
2,676
-1.9%
Other liabilities
2,603
3,356
5,492
-22.4%
Total liabilities and equity
10,296
11,494
16,742
-10.4%
Fixed assets
8,316
9,818
13,331
-15.3%
Goodwill
n/a
n/a
0.0
Cash and equivalents
873
283
1,193
+208.2%
Receivables
357
523
873
-31.7%
Inventory
127
167
243
-23.8%
Other assets
623
703
1,102
-11.4%
Total assets
10,296
11,494
16,742
-10.4%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.