Murphy USA Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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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.
FY2024 · Filed Feb 20, 2025
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) | 2024 | 2023 | 2022 |
| Operating Activities | |||
| Net income | $502.5 | $556.8 | $672.9 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 248.0 | 228.7 | 220.4 |
| Impairment of properties | 8.2 | — | — |
| Deferred and noncurrent income tax charges (benefits) | 14.0 | 2.0 | 31.5 |
| Accretion of asset retirement obligations | 3.2 | 3.0 | 2.7 |
| Amortization of discount on marketable securities | (0.2) | (0.4) | (0.1) |
| (Gains) losses from sale of assets | 4.5 | 0.8 | (2.1) |
| Net (increases) decrease in noncash operating working capital | 32.8 | (42.1) | 44.8 |
| Other operating activities - net | 34.6 | 35.2 | 24.6 |
| Net cash provided (required) by operating activities | 847.6 | 784.0 | 994.7 |
| Investing Activities | |||
| Property additions | (458.1) | (335.6) | (305.3) |
| Proceeds from sale of assets | 2.0 | 2.4 | 8.8 |
| Investment in marketable securities | — | (12.8) | (22.2) |
| Redemptions of marketable securities | 11.5 | 24.0 | — |
| Other investing activities - net | (1.2) | (1.6) | (0.6) |
| Net cash provided (required) by investing activities | (445.8) | (323.6) | (319.3) |
| Financing Activities | |||
| Purchase of treasury stock | (445.7) | (333.2) | (806.4) |
| Dividends paid | (36.8) | (33.4) | (29.9) |
| Borrowings of debt | 707.0 | 8.0 | 5.0 |
| Repayments of debt | (666.7) | (23.4) | (20.2) |
| Amounts related to share-based compensation | (30.4) | (21.1) | (19.8) |
| Net cash provided (required) by financing activities | (472.6) | (403.1) | (871.3) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (70.8) | 57.3 | (195.9) |
| Cash, cash equivalents and restricted cash at January 1 | 117.8 | 60.5 | 256.4 |
| Cash, cash equivalents and restricted cash at December 31 | $47.0 | $117.8 | $60.5 |
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