Murphy Oil (MUR) FY2018 results: revenue $1.8 billion, up 24.1% on the year
Murphy Oil Corp. (MUR) reported revenue of $1.8 billion for fiscal 2018, the year ended 31 December 2018, up 24.1% on the year before. Net income was $411 million, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.8 billion
+24.1% on the year
FY2011FY2018
Operating margin
12.0%
-1.8% a year earlier
FY2011FY2018
Net income
$411 million
FY2011FY2018
Diluted EPS
$2.36
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,791
1,444
1,811
+24.1%
Selling, general and administrative
205
207
246
-1.1%
Operating income
216
-26.3
-389
Operating margin
12.0%
-1.8%
-21.5%
Interest expense
180
178
148
+1.2%
Pre-tax income
43.0
-283
-493
Income tax
-126
270
-219
Effective tax rate
-293.3%
n/a
n/a
Net income
411
-312
-276
Net margin
22.9%
-21.6%
-15.2%
Diluted EPS
$2.36
-$1.81
-$1.60
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
749
613
601
+22.2%
Capital expenditure
1,011
910
927
+11.1%
Free cash flow
-262
-297
-326
Free cash flow margin
-14.6%
-20.5%
-18.0%
Cash from investing
-1,805
-732
286
Cash from financing
144
-188
-291
Depreciation and amortisation
776
752
1,054
+3.2%
Share-based compensation
34.5
40.4
46.3
-14.6%
Buybacks
0.0
0.0
n/a
Dividends paid
173
173
207
+0.3%
Dividend per share
$1.00
$1.00
$1.20
0.0%
Diluted shares, weighted
174m
173m
172m
+1.0%
Shares outstanding at period end
173m
173m
172m
+0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
4,829
4,620
4,917
+4.5%
Non-controlling interest
368
n/a
n/a
Debt
3,110
2,773
2,776
+12.2%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
2,745
2,468
2,603
+11.2%
Total liabilities and equity
11,053
9,861
10,296
+12.1%
Fixed assets
8,432
8,220
8,316
+2.6%
Cash and equivalents
360
965
873
-62.7%
Receivables
232
243
357
-4.8%
Inventory
80.0
105
127
-23.9%
Other assets
1,949
327
623
+495.4%
Total assets
11,053
9,861
10,296
+12.1%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.