10-Q Filing

MURPHY USA INC. CIK: 1573516 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001573516-17-000019`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	musa-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 54 Cash Flow Statement 49 Stockholders Equity 20

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.89M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.89M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$780.43M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$792.91M	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.81M	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.33M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivabletrade, less allowance for doubtful accounts of $1,891 in 2017 and $1,891 in 2016	`AccountsReceivableNetCurrent`	$156.45M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivabletrade, less allowance for doubtful accounts of $1,891 in 2017 and $1,891 in 2016	`AccountsReceivableNetCurrent`	$183.52M	USD	Point-in-time
Inventories, at lower of cost or market	`InventoryNet`	$166.48M	USD	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, at lower of cost or market	`InventoryNet`	$153.35M	USD	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$37.76M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$24.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$396.95M	USD	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$515.55M	USD	Point-in-time
Property, plant and equipment, at cost less accumulated depreciation and amortization of $792,912 in 2017 and $780,426 in 2016	`PropertyPlantAndEquipmentNet`	$1.53B	USD	Point-in-time
Property, plant and equipment, at cost less accumulated depreciation and amortization of $792,912 in 2017 and $780,426 in 2016	`PropertyPlantAndEquipmentNet`	$1.57B	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	46.77M	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	46.77M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$40.53M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$40.63M	USD	Point-in-time
Treasury stock, shares held (in shares)	`TreasuryStockShares`	9.83M	shares	Point-in-time
Treasury stock, shares held (in shares)	`TreasuryStockShares`	9.99M	shares	Point-in-time
Total assets	`Assets`	$2.09B	USD	Point-in-time
Total assets	`Assets`	$2.00B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$67.21M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$40.60M	USD	Point-in-time
Trade accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$473.37M	USD	Point-in-time
Trade accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$387.64M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$594.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$454.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$514.56M	USD	Point-in-time
Long-term debt, including capitalized lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$629.62M	USD	Point-in-time
Long-term debt, including capitalized lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$620.21M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$210.27M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$204.66M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$26.20M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$26.28M	USD	Point-in-time
Deferred credits and other liabilities	`DeferredRevenueAndCreditsNoncurrent`	$16.63M	USD	Point-in-time
Deferred credits and other liabilities	`DeferredRevenueAndCreditsNoncurrent`	$18.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.33B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.39B	USD	Point-in-time
Preferred Stock, par $0.01, (authorized 20,000,000 shares, none outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par $0.01, (authorized 20,000,000 shares, none outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par $0.01, (authorized 200,000,000 shares, 46,767,164 and 46,767,164 shares issued at 2017 and 2016, respectively)	`CommonStockValue`	$468.00K	USD	Point-in-time
Common Stock, par $0.01, (authorized 200,000,000 shares, 46,767,164 and 46,767,164 shares issued at 2017 and 2016, respectively)	`CommonStockValue`	$468.00K	USD	Point-in-time
Treasury stock (9,991,524 and 9,831,196 shares held at March 31, 2017 and December 31, 2016, respectively)	`TreasuryStockValue`	$608.00M	USD	Point-in-time
Treasury stock (9,991,524 and 9,831,196 shares held at March 31, 2017 and December 31, 2016, respectively)	`TreasuryStockValue`	$618.72M	USD	Point-in-time
Additional paid in capital (APIC)	`AdditionalPaidInCapital`	$544.78M	USD	Point-in-time
Additional paid in capital (APIC)	`AdditionalPaidInCapital`	$555.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$746.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$749.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$672.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$697.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$792.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.09B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.00B	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Petroleum product sales	`RefiningAndMarketingRevenue`	$1.89B	USD	1 Quarter
Petroleum product sales	`RefiningAndMarketingRevenue`	$2.40B	USD	1 Quarter
Merchandise sales	`SalesRevenueGoodsNet`	$565.79M	USD	1 Quarter
Merchandise sales	`SalesRevenueGoodsNet`	$561.74M	USD	1 Quarter
Other operating revenues	`OtherSalesRevenueNet`	$40.24M	USD	1 Quarter
Other operating revenues	`OtherSalesRevenueNet`	$31.57M	USD	1 Quarter
Total revenues	`Revenues`	$3.00B	USD	1 Quarter
Total revenues	`Revenues`	$2.49B	USD	1 Quarter
Petroleum product cost of goods sold	`RefiningAndMarketingCosts`	$1.78B	USD	1 Quarter
Petroleum product cost of goods sold	`RefiningAndMarketingCosts`	$2.33B	USD	1 Quarter
Merchandise cost of goods sold	`CostOfGoodsSold`	$476.96M	USD	1 Quarter
Merchandise cost of goods sold	`CostOfGoodsSold`	$475.80M	USD	1 Quarter
Station and other operating expenses	`OperatingCostsAndExpenses`	$124.74M	USD	1 Quarter
Station and other operating expenses	`OperatingCostsAndExpenses`	$116.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$27.01M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$38.25M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$31.50M	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$1.65M	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$442.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$413.00K	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$3.00B	USD	1 Quarter
Total costs and operating expenses	`CostsAndExpenses`	$2.43B	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$59.16M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$2.88M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$80.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$47.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.39M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.50M	USD	1 Quarter
Gain (loss) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.50M	USD	1 Quarter
Gain (loss) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$89.47M	USD	1 Quarter
Other nonoperating income (expense)	`OtherNonoperatingIncomeExpense`	$232.00K	USD	1 Quarter
Other nonoperating income (expense)	`OtherNonoperatingIncomeExpense`	$33.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$80.19M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-12.72M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$139.34M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.84M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$53.47M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-6.81M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-3.03M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$85.87M	USD	1 Quarter
Net income (loss) per basic share (in dollars per share)	`EarningsPerShareBasic`	$2.10	USD	1 Quarter
Net income (loss) per basic share (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Net income (loss) per diluted share (in dollars per share)	`EarningsPerShareDiluted`	$2.08	USD	1 Quarter
Net income (loss) per diluted share (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.91M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	36.88M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.88M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.26M	shares	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$1.93B	USD	Annual
Excise taxes	`ExciseAndSalesTaxes`	$1.96B	USD	Annual
Excise taxes	`ExciseAndSalesTaxes`	$1.97B	USD	Annual
Excise taxes	`ExciseAndSalesTaxes`	$480.07M	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$472.61M	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-3.03M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$85.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$27.01M	USD	1 Quarter
Deferred and noncurrent income tax charges (credits)	`DeferredIncomeTaxesAndTaxCredits`	$28.86M	USD	1 Quarter
Deferred and noncurrent income tax charges (credits)	`DeferredIncomeTaxesAndTaxCredits`	$5.61M	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$1.65M	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$442.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$413.00K	USD	1 Quarter
Pretax (gains) losses from sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.50M	USD	1 Quarter
Pretax (gains) losses from sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$89.47M	USD	1 Quarter
Net (increase) decrease in noncash operating working capital	`IncreaseDecreaseInOperatingCapital`	$-24.85M	USD	1 Quarter
Net (increase) decrease in noncash operating working capital	`IncreaseDecreaseInOperatingCapital`	$80.40M	USD	1 Quarter
Other operating activities - net	`OtherOperatingActivitiesCashFlowStatement`	$914.00K	USD	1 Quarter
Other operating activities - net	`OtherOperatingActivitiesCashFlowStatement`	$2.90M	USD	1 Quarter
Net cash provided by (required by) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$76.91M	USD	1 Quarter
Net cash provided by (required by) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-45.95M	USD	1 Quarter
Property additions	`PaymentsToAcquireProductiveAssets`	$65.90M	USD	1 Quarter
Property additions	`PaymentsToAcquireProductiveAssets`	$47.28M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$86.01M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$455.00K	USD	1 Quarter
Changes in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Changes in restricted cash	`IncreaseDecreaseInRestrictedCash`	$63.65M	USD	1 Quarter
Other investing activities - net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.30M	USD	1 Quarter
Other investing activities - net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash required by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-26.22M	USD	1 Quarter
Net cash required by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-65.44M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$150.01M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$17.41M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfLongTermDebt`	$200.00M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfLongTermDebt`	$42.50M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$73.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$26.18M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.11M	USD	1 Quarter
Amounts related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.13M	USD	1 Quarter
Amounts related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.08M	USD	1 Quarter
Net cash provided by (required by) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$42.67M	USD	1 Quarter
Net cash provided by (required by) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-6.17M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$93.37M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-117.56M	USD	1 Quarter
Cash and cash equivalents at January 1	`CashAndCashEquivalentsAtCarryingValue`	$36.26M	USD	Point-in-time
Cash and cash equivalents at January 1	`CashAndCashEquivalentsAtCarryingValue`	$195.70M	USD	Point-in-time
Cash and cash equivalents at January 1	`CashAndCashEquivalentsAtCarryingValue`	$153.81M	USD	Point-in-time
Cash and cash equivalents at January 1	`CashAndCashEquivalentsAtCarryingValue`	$102.33M	USD	Point-in-time
Cash and cash equivalents at March 31	`CashAndCashEquivalentsAtCarryingValue`	$36.26M	USD	Point-in-time
Cash and cash equivalents at March 31	`CashAndCashEquivalentsAtCarryingValue`	$195.70M	USD	Point-in-time
Cash and cash equivalents at March 31	`CashAndCashEquivalentsAtCarryingValue`	$153.81M	USD	Point-in-time
Cash and cash equivalents at March 31	`CashAndCashEquivalentsAtCarryingValue`	$102.33M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$672.77M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$697.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$792.29M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.61M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-3.03M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$85.87M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$150.01M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$17.41M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Issuance of treasury stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Issuance of treasury stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Amounts related to share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.13M	USD	1 Quarter
Amounts related to share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.08M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.59M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.21M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$672.77M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$697.08M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$792.29M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.61M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.