MURPHY OIL CORP
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
MUR$34.72+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| (Thousands of dollars) | 2024 | 2023 |
| Operating Activities | ||
| Net income including noncontrolling interest | $422,032 | $583,974 |
| Adjustments to reconcile net income to net cash provided by continuing operations activities | ||
| Depreciation, depletion and amortization | 650,309 | 648,830 |
| Impairment of assets | 34,528 | – |
| Unsuccessful exploration well costs and previously suspended exploration costs | 69,548 | 107,825 |
| Deferred income tax expense | 45,136 | 152,104 |
| Accretion of asset retirement obligations | 39,068 | 34,196 |
| Long-term non-cash compensation | 30,060 | 42,502 |
| Amortization of undeveloped leases | 7,707 | 8,215 |
| Mark-to-market loss on derivative instruments | 1,344 | – |
| Loss from discontinued operations | 2,123 | 744 |
| Contingent consideration payment | – | (139,574) |
| Mark-to-market loss on contingent consideration | – | 7,113 |
| Other operating activities, net | (38,260) | (97,407) |
| Net decrease (increase) in noncash working capital | 31,835 | (142,788) |
| Net cash provided by continuing operations activities | 1,295,430 | 1,205,734 |
| Investing Activities | ||
| Property additions and dry hole costs | (733,289) | (902,295) |
| Acquisition of oil and natural gas properties | – | (22,773) |
| Proceeds from sales of property, plant and equipment | – | 102,913 |
| Net cash required by investing activities | (733,289) | (822,155) |
| Financing Activities | ||
| Borrowings on revolving credit facility | 350,000 | 300,000 |
| Repayment of revolving credit facility | (350,000) | (300,000) |
| Retirement of debt | (50,000) | (248,675) |
| Repurchase of common stock | (300,132) | (75,023) |
| Cash dividends paid | (136,208) | (128,657) |
| Withholding tax on stock-based incentive awards | (25,310) | (14,232) |
| Distributions to noncontrolling interest | (96,618) | (20,052) |
| Finance lease obligation payments | (502) | (457) |
| Contingent consideration payment | – | (60,243) |
| Issue costs of debt facility | – | (20) |
| Net cash required by financing activities | (608,770) | (547,359) |
| Effect of exchange rate changes on cash and cash equivalents | 778 | (414) |
| Net decrease in cash and cash equivalents | (45,851) | (164,194) |
| Cash and cash equivalents at beginning of period | 317,074 | 491,963 |
| Cash and cash equivalents at end of period | $271,223 | $327,769 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.