MURPHY OIL CORP
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
MUR$34.72+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| (Thousands of dollars) | 2024 | 2023 |
| Operating Activities | ||
| Net income including noncontrolling interest | $114,658 | $214,314 |
| Adjustments to reconcile net income to net cash provided by continuing operations activities | ||
| Depreciation, depletion and amortization | 211,134 | 195,670 |
| Impairment of assets | 34,528 | – |
| Unsuccessful exploration well costs and previously suspended exploration costs | 32,437 | 851 |
| Deferred income tax expense | 19,478 | 49,042 |
| Accretion of asset retirement obligations | 12,774 | 11,157 |
| Long-term non-cash compensation | 9,851 | 8,536 |
| Amortization of undeveloped leases | 2,793 | 2,653 |
| Loss (income) from discontinued operations | 872 | (279) |
| Contingent consideration payment | – | (123,965) |
| Mark to market loss on contingent consideration | – | 3,938 |
| Other operating activities, net | (15,381) | (7,110) |
| Net increase in noncash working capital | (24,353) | (75,031) |
| Net cash provided by continuing operations activities | 398,791 | 279,776 |
| Investing Activities | ||
| Property additions and dry hole costs | (249,085) | (345,319) |
| Net cash required by investing activities | (249,085) | (345,319) |
| Financing Activities | ||
| Borrowings on revolving credit facility | 100,000 | 100,000 |
| Repayment of revolving credit facility | (100,000) | (100,000) |
| Repurchase of common stock | (50,000) | – |
| Cash dividends paid | (45,773) | (42,925) |
| Withholding tax on stock-based incentive awards | (25,270) | (14,217) |
| Distributions to noncontrolling interest | (23,001) | (9,679) |
| Finance lease obligation payments | (164) | (139) |
| Contingent consideration payment | – | (47,678) |
| Issue costs of debt facility | – | (17) |
| Net cash required by financing activities | (144,208) | (114,655) |
| Effect of exchange rate changes on cash and cash equivalents | 858 | 618 |
| Net increase (decrease) in cash and cash equivalents | 6,356 | (179,580) |
| Cash and cash equivalents at beginning of period | 317,074 | 491,963 |
| Cash and cash equivalents at end of period | $323,430 | $312,383 |
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