Murphy Oil (MUR) FY2017 results: revenue $1.4 billion, down 20.3% on the year
Murphy Oil Corp. (MUR) reported revenue of $1.4 billion for fiscal 2017, the year ended 31 December 2017, down 20.3% on the year before. Net income was -$312 million, and diluted earnings per share $-1.81. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2018.
Revenue
$1.4 billion
-20.3% on the year
FY2010FY2017
Operating margin
-1.8%
-21.5% a year earlier
FY2010FY2017
Net income
-$312 million
FY2010FY2017
Diluted EPS
-$1.81
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,444
1,811
2,941
-20.3%
Selling, general and administrative
207
246
307
-15.8%
Operating income
-26.3
-389
-3,257
Operating margin
-1.8%
-21.5%
-110.7%
Interest expense
178
148
117
+20.3%
Pre-tax income
-283
-493
-3,282
Income tax
270
-219
-1,026
Net income
-312
-276
-2,271
Net margin
-21.6%
-15.2%
-77.2%
Diluted EPS
-$1.81
-$1.60
-$13.03
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
613
601
1,168
+2.1%
Capital expenditure
910
927
2,550
-1.8%
Free cash flow
-297
-326
-1,381
Free cash flow margin
-20.5%
-18.0%
-47.0%
Cash from investing
-732
286
n/a
Cash from financing
-188
-291
n/a
Depreciation and amortisation
752
1,054
1,620
-28.7%
Share-based compensation
40.4
46.3
44.0
-12.8%
Buybacks
0.0
n/a
250
Dividends paid
173
207
245
-16.5%
Dividend per share
$1.00
$1.20
$1.40
-16.7%
Diluted shares, weighted
173m
172m
174m
+0.2%
Shares outstanding at period end
173m
172m
172m
+0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,620
4,917
5,307
-6.0%
Debt
2,773
2,776
2,831
-0.1%
Other liabilities
2,468
2,603
3,356
-5.2%
Total liabilities and equity
9,861
10,296
11,494
-4.2%
Fixed assets
8,220
8,316
9,818
-1.2%
Cash and equivalents
965
873
283
+10.6%
Receivables
243
357
523
-31.8%
Inventory
105
127
167
-17.3%
Other assets
327
623
703
-47.4%
Total assets
9,861
10,296
11,494
-4.2%
10-K for the year ended 31 December 2017, filed 26 February 2018: the filing.