Murphy USA Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
MUSA$519.44+1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Income Statements
| Years Ended December 31, | |||
|---|---|---|---|
| (Millions of dollars except per share amounts) | 2023 | 2022 | 2021 |
| Operating Revenues | |||
| Petroleum product sales 1 | $17,104.4 | $19,230.1 | $13,410.8 |
| Merchandise sales | 4,089.3 | 3,903.2 | 3,677.7 |
| Other operating revenues | 335.7 | 312.8 | 272.0 |
| Total operating revenues | 21,529.4 | 23,446.1 | 17,360.5 |
| Operating Expenses | |||
| Petroleum product cost of goods sold 1 | 15,929.7 | 17,910.1 | 12,535.5 |
| Merchandise cost of goods sold | 3,285.9 | 3,136.1 | 2,976.1 |
| Store and other operating expenses | 1,014.8 | 976.5 | 827.3 |
| Depreciation and amortization | 228.7 | 220.4 | 212.6 |
| Selling, general and administrative | 240.5 | 232.5 | 193.6 |
| Accretion of asset retirement obligations | 3.0 | 2.7 | 2.5 |
| Acquisition related costs | — | 1.5 | 10.4 |
| Total operating expenses | 20,702.6 | 22,479.8 | 16,758.0 |
| Gain (loss) on sale of assets | (0.8) | 2.1 | 1.5 |
| Income (loss) from operations | 826.0 | 968.4 | 604.0 |
| Other income (expense) | |||
| Investment income | 6.9 | 3.0 | 0.1 |
| Interest expense | (98.5) | (85.3) | (82.4) |
| Other nonoperating income (expense) | — | (2.3) | 0.2 |
| Total other income (expense) | (91.6) | (84.6) | (82.1) |
| Income before income taxes | 734.4 | 883.8 | 521.9 |
| Income tax expense (benefit) | 177.6 | 210.9 | 125.0 |
| Net Income | $556.8 | $672.9 | $396.9 |
| Basic and Diluted Earnings Per Common Share: | |||
| Basic | $25.91 | $28.63 | $15.14 |
| Diluted | $25.49 | $28.10 | $14.92 |
| Weighted-average shares outstanding (in thousands): | |||
| Basic | 21,493 | 23,506 | 26,210 |
| Diluted | 21,843 | 23,950 | 26,604 |
| Supplemental information: | |||
| 1 Includes excise taxes of: | $2,291.2 | $2,180.2 | $2,041.7 |
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