Murphy USA Inc
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 16, 2024
MUSA$519.44+1.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| (Millions of dollars) | 2023 | 2022 | 2021 |
| Operating Activities | |||
| Net income | $556.8 | $672.9 | $396.9 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 228.7 | 220.4 | 212.6 |
| Deferred and noncurrent income tax charges (benefits) | 2.0 | 31.5 | 19.0 |
| Accretion of asset retirement obligations | 3.0 | 2.7 | 2.5 |
| Amortization of discount on marketable securities | (0.4) | (0.1) | — |
| (Gains) losses from sale of assets | 0.8 | (2.1) | (1.5) |
| Net (increases) decrease in noncash operating working capital | (42.1) | 44.8 | 82.8 |
| Other operating activities - net | 35.2 | 24.6 | 25.1 |
| Net cash provided (required) by operating activities | 784.0 | 994.7 | 737.4 |
| Investing Activities | |||
| Property additions | (335.6) | (305.3) | (274.7) |
| Payments for acquisition, net of cash acquired | — | — | (641.1) |
| Proceeds from sale of assets | 2.4 | 8.8 | 3.4 |
| Investment in marketable securities | (12.8) | (22.2) | — |
| Redemptions of marketable securities | 24.0 | — | — |
| Other investing activities - net | (1.6) | (0.6) | (1.8) |
| Net cash provided (required) by investing activities | (323.6) | (319.3) | (914.2) |
| Financing Activities | |||
| Purchase of treasury stock | (333.2) | (806.4) | (355.0) |
| Dividends paid | (33.4) | (29.9) | (27.3) |
| Borrowings of debt | 8.0 | 5.0 | 892.8 |
| Repayments of debt | (23.4) | (20.2) | (224.3) |
| Debt issuance costs | — | — | (9.9) |
| Amounts related to share-based compensation | (21.1) | (19.8) | (6.7) |
| Net cash provided (required) by financing activities | (403.1) | (871.3) | 269.6 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 57.3 | (195.9) | 92.8 |
| Cash, cash equivalents and restricted cash at January 1 | 60.5 | 256.4 | 163.6 |
| Cash, cash equivalents and restricted cash at December 31 | $117.8 | $60.5 | $256.4 |
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