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10-Q Filing

MURPHY USA INC. CIK: 1573516 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001573516-21-000028
Period End Date 20210331
Filing Date 20210429
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance musa-20210331_htm.xml
Balance Sheet 79 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $100.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $163.60M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $100.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $304.10M USD Point-in-time
Accounts receivabletrade, less allowance for doubtful accounts of $0.1 at 2021 and 2020 AccountsReceivableNetCurrent $182.10M USD Point-in-time
Accounts receivabletrade, less allowance for doubtful accounts of $0.1 at 2021 and 2020 AccountsReceivableNetCurrent $168.80M USD Point-in-time
Property, plant and equipment, accumulated depreciation and amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization $1.19B USD Point-in-time
Property, plant and equipment, accumulated depreciation and amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization $1.23B USD Point-in-time
Inventories InventoryNet $279.10M USD Point-in-time
Inventories InventoryNet $283.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $24.20M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $13.70M USD Point-in-time
Preferred stock par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock shares authorized (in shares) PreferredStockSharesAuthorized 20.00M shares Point-in-time
Preferred stock shares authorized (in shares) PreferredStockSharesAuthorized 20.00M shares Point-in-time
Total current assets AssetsCurrent $793.40M USD Point-in-time
Total current assets AssetsCurrent $625.20M USD Point-in-time
Preferred stock shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Property, plant and equipment, at cost less accumulated depreciation and amortization of $1,233.6 at 2021 and $1,191.4 at 2020 PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $1.87B USD Point-in-time
Property, plant and equipment, at cost less accumulated depreciation and amortization of $1,233.6 at 2021 and $1,191.4 at 2020 PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $2.30B 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
Common stock par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Operating lease right of use assets, net OperatingLeaseRightOfUseAsset $395.60M USD Point-in-time
Operating lease right of use assets, net OperatingLeaseRightOfUseAsset $147.70M USD Point-in-time
Common stock par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock shares authorized (in shares) CommonStockSharesAuthorized 200.00M shares Point-in-time
Intangible assets, net of amortization IntangibleAssetsNetExcludingGoodwill $34.60M USD Point-in-time
Common stock shares authorized (in shares) CommonStockSharesAuthorized 200.00M shares Point-in-time
Intangible assets, net of amortization IntangibleAssetsNetExcludingGoodwill $141.30M USD Point-in-time
Common stock shares issued (in shares) CommonStockSharesIssued 46.77M shares Point-in-time
Goodwill Goodwill - USD Point-in-time
Common stock shares issued (in shares) CommonStockSharesIssued 46.77M shares Point-in-time
Goodwill Goodwill $336.40M USD Point-in-time
Treasury stock, shares held (in shares) TreasuryStockShares 19.52M shares Point-in-time
Other assets OtherAssetsNoncurrent $12.50M USD Point-in-time
Other assets OtherAssetsNoncurrent $10.60M USD Point-in-time
Treasury stock, shares held (in shares) TreasuryStockShares 19.84M shares Point-in-time
Total assets Assets $3.98B USD Point-in-time
Total assets Assets $2.69B USD Point-in-time
Current maturities of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $13.20M USD Point-in-time
Current maturities of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $51.20M USD Point-in-time
Trade accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $638.40M USD Point-in-time
Trade accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $471.10M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $8.80M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $23.40M USD Point-in-time
Total current liabilities LiabilitiesCurrent $675.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $531.10M USD Point-in-time
Long-term debt, including capitalized lease obligations LongTermDebtAndCapitalLeaseObligations $1.80B USD Point-in-time
Long-term debt, including capitalized lease obligations LongTermDebtAndCapitalLeaseObligations $951.20M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $281.40M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $218.40M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $35.10M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $36.70M USD Point-in-time
Non current operating lease liabilities OperatingLeaseLiabilityNoncurrent $142.50M USD Point-in-time
Non current operating lease liabilities OperatingLeaseLiabilityNoncurrent $382.30M USD Point-in-time
Deferred credits and other liabilities DeferredCreditsAndOtherLiabilities $23.30M USD Point-in-time
Deferred credits and other liabilities DeferredCreditsAndOtherLiabilities $27.80M USD Point-in-time
Total liabilities Liabilities $1.90B USD Point-in-time
Total liabilities Liabilities $3.20B 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 2020 and 2019, respectively) CommonStockValue $500.00K USD Point-in-time
Common Stock, par $0.01, (authorized 200,000,000 shares, 46,767,164 shares issued at 2020 and 2019, respectively) CommonStockValue $500.00K USD Point-in-time
Treasury stock (18,199,448 and 16,307,048 shares held at 2020 and 2019, respectively) TreasuryStockValue $1.54B USD Point-in-time
Treasury stock (18,199,448 and 16,307,048 shares held at 2020 and 2019, respectively) TreasuryStockValue $1.49B USD Point-in-time
Additional paid in capital (APIC) AdditionalPaidInCapital $525.60M USD Point-in-time
Additional paid in capital (APIC) AdditionalPaidInCapital $533.30M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.79B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.74B USD Point-in-time
Accumulated other comprehensive income (loss) (AOCI) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.90M USD Point-in-time
Accumulated other comprehensive income (loss) (AOCI) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.70M USD Point-in-time
Total stockholders' equity StockholdersEquity $803.00M USD Point-in-time
Total stockholders' equity StockholdersEquity $784.10M USD Point-in-time
Total stockholders' equity StockholdersEquity $746.80M USD Point-in-time
Total stockholders' equity StockholdersEquity $780.60M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.98B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $2.69B USD Point-in-time
Income Statement 41 line items
Line Item Tag Value Unit Period
Total operating revenues RevenueFromContractWithCustomerIncludingAssessedTax $3.54B USD 1 Quarter
Total operating revenues RevenueFromContractWithCustomerIncludingAssessedTax $3.18B USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $51.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $39.40M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $44.30M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $39.20M USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $600.00K USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $600.00K USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $2.30M USD Annual
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts $8.80M USD 1 Quarter
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Total operating expenses OperatingExpenses $3.44B USD 1 Quarter
Total operating expenses OperatingExpenses $3.05B USD 1 Quarter
Gain (loss) on sale of assets GainLossOnSaleOfPropertyPlantEquipment $200.00K USD 1 Quarter
Gain (loss) on sale of assets GainLossOnSaleOfPropertyPlantEquipment $100.00K USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $94.60M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $130.80M USD 1 Quarter
Interest income InterestIncomeOther - USD 1 Quarter
Interest income InterestIncomeOther $800.00K USD 1 Quarter
Interest expense InterestExpense $21.30M USD 1 Quarter
Interest expense InterestExpense $13.30M USD 1 Quarter
Other nonoperating income (expense) OtherNonoperatingIncomeExpense $-1.00M USD 1 Quarter
Other nonoperating income (expense) OtherNonoperatingIncomeExpense - USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-13.50M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-21.30M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $73.30M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $117.30M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $28.00M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $18.00M USD 1 Quarter
Net Income NetIncomeLoss $89.30M USD 1 Quarter
Net Income NetIncomeLoss $55.30M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $2.95 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $2.04 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.92 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.01 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 27.13M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 30.23M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 27.49M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 30.54M shares 1 Quarter
Excise taxes ExciseAndSalesTaxes $469.60M USD 1 Quarter
Excise taxes ExciseAndSalesTaxes $473.50M USD 1 Quarter
Cash Flow Statement 52 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $89.30M USD 1 Quarter
Net income NetIncomeLoss $55.30M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $51.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $39.40M USD 1 Quarter
Deferred and noncurrent income tax charges (credits) DeferredIncomeTaxesAndTaxCredits $5.90M USD 1 Quarter
Deferred and noncurrent income tax charges (credits) DeferredIncomeTaxesAndTaxCredits $3.70M USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $600.00K USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $600.00K USD 1 Quarter
Accretion of asset retirement obligations AssetRetirementObligationAccretionExpense $2.30M USD Annual
Pretax (gains) losses from sale of assets GainLossOnSaleOfPropertyPlantEquipment $200.00K 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 $25.70M USD 1 Quarter
Net (increase) decrease in noncash operating working capital IncreaseDecreaseInOperatingCapital $-108.00M USD 1 Quarter
Other operating activities - net OtherOperatingActivitiesCashFlowStatement $11.40M USD 1 Quarter
Other operating activities - net OtherOperatingActivitiesCashFlowStatement $4.30M USD 1 Quarter
Net cash provided by (required by) operating activities NetCashProvidedByUsedInOperatingActivities $229.80M USD 1 Quarter
Net cash provided by (required by) operating activities NetCashProvidedByUsedInOperatingActivities $113.70M USD 1 Quarter
Property additions PaymentsToAcquireProductiveAssets $46.60M USD 1 Quarter
Property additions PaymentsToAcquireProductiveAssets $53.60M USD 1 Quarter
Payments for acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $642.10M USD 1 Quarter
Payments for acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $642.10M USD Point-in-time
Payments for acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfPropertyPlantAndEquipment $300.00K USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfPropertyPlantAndEquipment $200.00K USD 1 Quarter
Other investing activities - net PaymentsForProceedsFromOtherInvestingActivities $800.00K USD 1 Quarter
Other investing activities - net PaymentsForProceedsFromOtherInvestingActivities $900.00K USD 1 Quarter
Net cash provided by (required by) investing activities NetCashProvidedByUsedInInvestingActivities $-696.30M USD 1 Quarter
Net cash provided by (required by) investing activities NetCashProvidedByUsedInInvestingActivities $-47.20M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $50.00M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $140.60M USD 1 Quarter
Dividends paid PaymentsOfDividends - USD 1 Quarter
Dividends paid PaymentsOfDividends $6.80M USD 1 Quarter
Borrowings of debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Borrowings of debt ProceedsFromIssuanceOfLongTermDebt $892.80M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $300.00K USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $214.40M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $8.80M USD 1 Quarter
Amounts related to share-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.80M USD 1 Quarter
Amounts related to share-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.60M USD 1 Quarter
Net cash provided by (required by) financing activities NetCashProvidedByUsedInFinancingActivities $-146.50M USD 1 Quarter
Net cash provided by (required by) financing activities NetCashProvidedByUsedInFinancingActivities $607.00M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $140.50M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-80.00M USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $304.10M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $163.60M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $200.30M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $280.30M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $304.10M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $163.60M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $200.30M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $280.30M USD Point-in-time
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.25 USD 1 Quarter
Beginning balance StockholdersEquity $803.00M USD Point-in-time
Beginning balance StockholdersEquity $784.10M USD Point-in-time
Beginning balance StockholdersEquity $746.80M USD Point-in-time
Beginning balance StockholdersEquity $780.60M USD Point-in-time
Net income NetIncomeLoss $89.30M USD 1 Quarter
Net income NetIncomeLoss $55.30M USD 1 Quarter
Gain on interest rate hedge, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-2.70M USD 1 Quarter
Gain on interest rate hedge, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $200.00K USD 1 Quarter
Cash dividends declared ($0.25 per share) DividendsCommonStock $6.80M USD 1 Quarter
Dividend equivalent units accrued DividendsShareBasedCompensation - USD 1 Quarter
Purchase of treasury stock TreasuryStockValueAcquiredCostMethod $50.00M USD 1 Quarter
Purchase of treasury stock TreasuryStockValueAcquiredCostMethod $140.60M USD 1 Quarter
Issuance of treasury stock StockIssuedDuringPeriodValueShareBasedCompensation $-500.00K USD 1 Quarter
Issuance of treasury stock StockIssuedDuringPeriodValueShareBasedCompensation - USD 1 Quarter
Amounts related to share-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $5.80M USD 1 Quarter
Amounts related to share-based compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $5.60M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.60M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.80M USD 1 Quarter
Ending balance StockholdersEquity $803.00M USD Point-in-time
Ending balance StockholdersEquity $784.10M USD Point-in-time
Ending balance StockholdersEquity $746.80M USD Point-in-time
Ending balance StockholdersEquity $780.60M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $89.30M USD 1 Quarter
Net income NetIncomeLoss $55.30M USD 1 Quarter
Realized gain (loss) OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossBeforeReclassificationAndTax $-100.00K USD 1 Quarter
Realized gain (loss) OtherComprehensiveIncomeLossCashFlowHedgeRealizedGainLossBeforeReclassificationAndTax $100.00K USD 1 Quarter
Unrealized gain (loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $-3.60M USD 1 Quarter
Unrealized gain (loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $100.00K USD 1 Quarter
Realized (gain) loss reclassified to interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $-100.00K USD 1 Quarter
Realized (gain) loss reclassified to interest expense OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $100.00K USD 1 Quarter
Amortization of unrealized (gain) loss to interest expense OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfGainLossReclassificationBeforeTax $-200.00K USD 1 Quarter
Amortization of unrealized (gain) loss to interest expense OtherComprehensiveIncomeLossCashFlowHedgeAmortizationOfGainLossReclassificationBeforeTax - USD 1 Quarter
Total OciBeforeReclassificationsBeforeTaxAttributableToParent $300.00K USD 1 Quarter
Total OciBeforeReclassificationsBeforeTaxAttributableToParent $-3.60M USD 1 Quarter
Deferred income tax (benefit) expense OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $100.00K USD 1 Quarter
Deferred income tax (benefit) expense OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-900.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-2.70M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $200.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $55.50M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $86.60M USD 1 Quarter

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

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