Murphy USA Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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 Statements of Income
| Years Ended December 31, | |||
|---|---|---|---|
| (Millions of dollars, except per share amounts) | 2024 | 2023 | 2022 |
| Operating Revenues | |||
| Petroleum product sales 1 | $15,891.8 | $17,104.4 | $19,230.1 |
| Merchandise sales | 4,214.8 | 4,089.3 | 3,903.2 |
| Other operating revenues | 137.7 | 335.7 | 312.8 |
| Total operating revenues | 20,244.3 | 21,529.4 | 23,446.1 |
| Operating Expenses | |||
| Petroleum product cost of goods sold 1 | 14,556.4 | 15,929.7 | 17,910.1 |
| Merchandise cost of goods sold | 3,381.1 | 3,285.9 | 3,136.1 |
| Store and other operating expenses | 1,064.6 | 1,014.8 | 976.5 |
| Depreciation and amortization | 248.0 | 228.7 | 220.4 |
| Impairment of properties | 8.2 | — | — |
| Selling, general and administrative | 235.4 | 240.5 | 232.5 |
| Accretion of asset retirement obligations | 3.2 | 3.0 | 2.7 |
| Acquisition related costs | — | — | 1.5 |
| Total operating expenses | 19,496.9 | 20,702.6 | 22,479.8 |
| Gain (loss) on sale of assets | (4.5) | (0.8) | 2.1 |
| Income (loss) from operations | 742.9 | 826.0 | 968.4 |
| Other income (expense) | |||
| Investment income | 6.4 | 6.9 | 3.0 |
| Interest expense | (97.1) | (98.5) | (85.3) |
| Other nonoperating income (expense) | (0.6) | — | (2.3) |
| Total other income (expense) | (91.3) | (91.6) | (84.6) |
| Income before income taxes | 651.6 | 734.4 | 883.8 |
| Income tax expense (benefit) | 149.1 | 177.6 | 210.9 |
| Net Income | $502.5 | $556.8 | $672.9 |
| Basic and Diluted Earnings Per Common Share: | |||
| Basic | $24.47 | $25.91 | $28.63 |
| Diluted | $24.11 | $25.49 | $28.10 |
| Weighted-average shares outstanding (in thousands): | |||
| Basic | 20,533 | 21,493 | 23,506 |
| Diluted | 20,842 | 21,843 | 23,950 |
| Supplemental information: | |||
| 1 Includes excise taxes of: | $2,334.9 | $2,291.2 | $2,180.2 |
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