10-Q Filing

MURPHY USA INC. CIK: 1573516 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001573516-19-000020`
Period End Date	20190331
Filing Date	20190501
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	musa-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 41 Cash Flow Statement 55 Stockholders Equity 18

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.10M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.10M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$974.20M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.01B	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$180.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$144.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$170.00M	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$184.50M	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 $1.1 in 2019 and in 2018	`AccountsReceivableNetCurrent`	$227.30M	USD	Point-in-time
Accounts receivabletrade, less allowance for doubtful accounts of $1.1 in 2019 and in 2018	`AccountsReceivableNetCurrent`	$138.80M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories, at lower of cost or market	`InventoryNet`	$221.50M	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`	$178.70M	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`	$26.50M	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`	$25.30M	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`	$612.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$570.10M	USD	Point-in-time
Property, plant and equipment, at cost less accumulated depreciation and amortization of $1,013.3 in 2019 and $974.2 in 2018	`PropertyPlantAndEquipmentNet`	$1.75B	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	46.77M	shares	Point-in-time
Property, plant and equipment, at cost less accumulated depreciation and amortization of $1,013.3 in 2019 and $974.2 in 2018	`PropertyPlantAndEquipmentNet`	$1.74B	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	46.77M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$153.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$42.50M	USD	Point-in-time
Treasury stock, shares held (in shares)	`TreasuryStockShares`	14.51M	shares	Point-in-time
Treasury stock, shares held (in shares)	`TreasuryStockShares`	14.60M	shares	Point-in-time
Total assets	`Assets`	$2.50B	USD	Point-in-time
Total assets	`Assets`	$2.36B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$21.20M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$21.30M	USD	Point-in-time
Trade accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$512.00M	USD	Point-in-time
Trade accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$456.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$478.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$533.30M	USD	Point-in-time
Long-term debt, including capitalized lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$838.00M	USD	Point-in-time
Long-term debt, including capitalized lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$842.10M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$192.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$189.80M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$30.70M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$31.20M	USD	Point-in-time
Deferred credits and other liabilities	`DeferredCreditsAndOtherLiabilities`	$114.30M	USD	Point-in-time
Deferred credits and other liabilities	`DeferredCreditsAndOtherLiabilities`	$10.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.71B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.55B	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 shares issued at 2019 and 2018, respectively)	`CommonStockValue`	$500.00K	USD	Point-in-time
Common Stock, par $0.01, (authorized 200,000,000 shares, 46,767,164 shares issued at 2019 and 2018, respectively)	`CommonStockValue`	$500.00K	USD	Point-in-time
Treasury stock (14,569,759 and 14,505,681 shares held at 2019 and 2018, respectively)	`TreasuryStockValue`	$948.00M	USD	Point-in-time
Treasury stock (14,569,759 and 14,505,681 shares held at 2019 and 2018, respectively)	`TreasuryStockValue`	$940.30M	USD	Point-in-time
Additional paid in capital (APIC)	`AdditionalPaidInCapital`	$539.00M	USD	Point-in-time
Additional paid in capital (APIC)	`AdditionalPaidInCapital`	$531.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.21B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.21B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$807.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$705.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$738.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$797.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.36B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.50B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Total operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.24B	USD	1 Quarter
Total operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.12B	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$31.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$39.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$34.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$34.50M	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$500.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$500.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$2.00M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.23B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.10B	USD	1 Quarter
Net settlement proceeds	`GainLossRelatedToLitigationSettlement`	$100.00K	USD	1 Quarter
Net settlement proceeds	`GainLossRelatedToLitigationSettlement`	$47.00M	USD	1 Quarter
Gain (loss) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$300.00K	USD	1 Quarter
Gain (loss) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$60.00M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$18.60M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$700.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$300.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.00M	USD	1 Quarter
Other nonoperating income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other nonoperating income (expense)	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-12.70M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-12.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$47.30M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$600.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$8.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$5.30M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$39.30M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.21M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	33.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.06M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.42M	shares	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$434.40M	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$455.30M	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$5.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$39.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$31.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$39.70M	USD	1 Quarter
Deferred and noncurrent income tax charges (credits)	`DeferredIncomeTaxesAndTaxCredits`	$1.10M	USD	1 Quarter
Deferred and noncurrent income tax charges (credits)	`DeferredIncomeTaxesAndTaxCredits`	$-2.40M	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$500.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$500.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$2.00M	USD	Annual
Pretax (gains) losses from sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$300.00K	USD	1 Quarter
Pretax (gains) losses from sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	1 Quarter
Net (increase) decrease in noncash operating working capital	`IncreaseDecreaseInOperatingCapital`	$-1.70M	USD	1 Quarter
Net (increase) decrease in noncash operating working capital	`IncreaseDecreaseInOperatingCapital`	$-36.00M	USD	1 Quarter
Other operating activities - net	`OtherOperatingActivitiesCashFlowStatement`	$3.20M	USD	1 Quarter
Other operating activities - net	`OtherOperatingActivitiesCashFlowStatement`	$-1.00M	USD	1 Quarter
Net cash provided by (required by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$48.10M	USD	1 Quarter
Net cash provided by (required by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$107.40M	USD	1 Quarter
Property additions	`PaymentsToAcquireProductiveAssets`	$30.50M	USD	1 Quarter
Property additions	`PaymentsToAcquireProductiveAssets`	$48.70M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.10M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.10M	USD	1 Quarter
Other investing activities - net	`PaymentsForProceedsFromOtherInvestingActivities`	$4.70M	USD	1 Quarter
Other investing activities - net	`PaymentsForProceedsFromOtherInvestingActivities`	$100.00K	USD	1 Quarter
Net cash provided by (required by) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.30M	USD	1 Quarter
Net cash provided by (required by) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.50M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$71.70M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$13.30M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$5.30M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$5.40M	USD	1 Quarter
Amounts related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.00M	USD	1 Quarter
Amounts related to share-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.90M	USD	1 Quarter
Net cash provided by (required by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.70M	USD	1 Quarter
Net cash provided by (required by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-79.90M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-24.80M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.10M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$184.50M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$180.40M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.20M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$184.50M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$180.40M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$180.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$144.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$170.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$184.50M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.10M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	-	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$184.50M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$180.40M	USD	Point-in-time
Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$145.20M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$807.30M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$705.30M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$738.40M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$797.80M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$5.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$39.30M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$13.30M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$71.70M	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`	$2.90M	USD	1 Quarter
Amounts related to share-based compensation	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.10M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.20M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.60M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$807.30M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$705.30M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$738.40M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$797.80M	USD	Point-in-time

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