Murphy Oil (MUR) FY2019 results: revenue $2.8 billion, up 57.9% on the year
Murphy Oil Corp. (MUR) reported revenue of $2.8 billion for fiscal 2019, the year ended 31 December 2019, up 57.9% on the year before. Net income was $1.1 billion, up 179.7%, and diluted earnings per share $6.98. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$2.8 billion
+57.9% on the year
FY2012FY2019
Operating margin
15.7%
12.0% a year earlier
FY2012FY2019
Net income
$1.1 billion
+179.7% on the year
FY2012FY2019
Diluted EPS
$6.98
+195.8% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
2,829
1,791
1,444
+57.9%
Selling, general and administrative
233
205
207
+13.4%
Operating income
445
216
-26.3
+106.5%
Operating margin
15.7%
12.0%
-1.8%
Interest expense
219
180
178
+21.6%
Pre-tax income
203
43.0
-283
+373.2%
Income tax
14.7
-126
270
Effective tax rate
7.2%
-293.3%
n/a
Net income
1,150
411
-312
+179.7%
Net margin
40.6%
22.9%
-21.6%
Diluted EPS
$6.98
$2.36
-$1.81
+195.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,489
749
613
+98.7%
Capital expenditure
1,344
1,011
910
+32.9%
Free cash flow
145
-262
-297
Free cash flow margin
5.1%
-14.6%
-20.5%
Cash from investing
-2,536
-1,805
-732
Cash from financing
-1,130
144
-188
Depreciation and amortisation
1,148
776
752
+48.0%
Share-based compensation
50.2
34.5
40.4
+45.6%
Buybacks
500
0.0
0.0
Dividends paid
164
173
173
-5.4%
Dividend per share
$1.00
$1.00
$1.00
0.0%
Diluted shares, weighted
165m
174m
173m
-5.4%
Shares outstanding at period end
153m
173m
173m
-11.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,467
4,829
4,620
+13.2%
Non-controlling interest
337
368
n/a
-8.5%
Debt
2,803
3,110
2,773
-9.9%
Operating lease liabilities
521
0.0
n/a
Other liabilities
2,589
2,745
2,468
-5.7%
Total liabilities and equity
11,719
11,053
9,861
+6.0%
Fixed assets
9,970
8,432
8,220
+18.2%
Cash and equivalents
307
360
965
-14.8%
Receivables
427
232
243
+84.2%
Inventory
76.1
80.0
105
-4.9%
Other assets
939
1,949
327
-51.8%
Total assets
11,719
11,053
9,861
+6.0%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.