Murphy USA Inc. (MUSA) quarterly cash flow statement — complete operating, investing & financing history
Murphy USA Inc. (MUSA) cash flow statement — 15-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 348.1M | 235M | 320M | 245.5M | 184.8M | 255.1M | 128.5M | 248.7M | 202.1M | 260.8M | 136M | 273.1M | 190M | 171.2M | 149.7M | 223.2M | 255M | 177.3M | 339.2M | 150.4M |
| Operating CF Margin % | 5.05% | 3.45% | 6.64% | 5.18% | 3.62% | 5.1% | 2.84% | 5.28% | 3.86% | 4.78% | 2.81% | 5.39% | 3.28% | 3.07% | 2.95% | 4.16% | 4.12% | 2.62% | 6.63% | 3.16% |
| Operating CF Growth % | 88.37% | -7.88% | 149.03% | -1.29% | -8.56% | -2.19% | -5.51% | -8.93% | 6.37% | 52.34% | -9.15% | 22.36% | -25.49% | -3.44% | -55.87% | 48.4% | -0.47% | 75.54% | 47.61% | 56.83% |
| Net Income | 176M | 209.1M | 136.3M | 141.9M | 129.9M | 145.6M | 53.2M | 142.5M | 149.2M | 144.8M | 66M | 150M | 167.7M | 132.8M | 106.3M | 117.7M | 219.5M | 183.3M | 152.4M | 108.8M |
| Depreciation & Amortization | 75.1M | 72.2M | 72.1M | 73.5M | 70.8M | 66.8M | 68.2M | 68M | 63.6M | 60.1M | 59.5M | 57.8M | 57.5M | 57.8M | 56.4M | 55.9M | 54.4M | 54.7M | 55.4M | 55.1M |
| Stock-Based Compensation | 0 | 0 | 0 | -700K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.3M | 0 | 0 | 0 | 0 |
| Deferred Taxes | 2.4M | 6.4M | 9.3M | 0 | 27.1M | 1.3M | -1.4M | 18M | 6.5M | -6M | -500K | 1.9M | -9.3M | 2.8M | 6.6M | 16.5M | 1.9M | 5.6M | 7.5M | 11.8M |
| Other Non-Cash Items | 42.6M | 94.4M | 7.2M | 19.7M | 12.5M | 0 | 1.2M | 11.2M | -3.6M | 1.4M | -500K | -200K | 1.2M | 600K | 10.8M | 9.4M | 8.2M | -1.2M | 700K | -500K |
| Working Capital Changes | 52M | -147.1M | 95.1M | 11.1M | -55.5M | 41.4M | 7.3M | 9M | -13.6M | 60.5M | 11.5M | 63.6M | -27.1M | -22.8M | -30.4M | 26M | -29M | -65.1M | 123.2M | -24.8M |
| Change in Receivables | 25.3M | 52.7M | -78M | 27.9M | -8M | -24.3M | -3.7M | -6M | 51.9M | -6.2M | -45.7M | 7.5M | 0 | 0 | 16.5M | -24.4M | 39.6M | 0 | 0 | 12.6M |
| Change in Inventory | 54.1M | -103.8M | 49.7M | -25.8M | 10.3M | -33.1M | 37.2M | -60.3M | -25.4M | -23.2M | 48.6M | 5.4M | 14.4M | 0 | 15.5M | -38.7M | 33.6M | 0 | 26.4M | -3.9M |
| Change in Payables | 14.3M | -175.8M | 161.5M | 400K | -74.2M | 66.6M | 2.9M | 71.4M | -80.9M | 90.2M | -9.3M | 37.7M | 2.6M | 33.6M | -85.9M | 119.6M | -115.4M | 49.1M | 126.8M | -34.1M |
| Cash from Investing | -186.4M | -101.3M | -98.5M | -114.8M | -116.9M | -116.6M | -87.7M | -124.9M | -131.5M | -114.5M | -74.9M | -106.6M | -74.7M | -73.3M | -69M | -104.1M | -77.8M | -73M | -64.4M | -60.5M |
| Capital Expenditures | -154.4M | -111.7M | -98.3M | -116.7M | -117.1M | -118M | -87.8M | -127M | -136.9M | -118M | -76.2M | -111M | -79.4M | -72.5M | -72.7M | -82.2M | -78.2M | -80.9M | -64M | -63.1M |
| CapEx % of Revenue | 2.24% | 1.64% | 2.04% | 2.46% | 2.29% | 2.36% | 1.94% | 2.7% | 2.61% | 2.16% | 1.57% | 2.19% | 1.37% | 1.3% | 1.43% | 1.53% | 1.26% | 1.2% | 1.25% | 1.32% |
| Acquisitions | 0 | 0 | 0 | 0 | 500K | 1.5M | 300K | 100K | 0 | 0 | 0 | 100K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.2M | 10.4M | -200K | 1.9M | -300K | -100K | -200K | 500K | -600K | 500K | 300K | -200K | 100K | -6.8M | -800K | -21.9M | 400K | 7.9M | -400K | 2.6M |
| Cash from Financing | -175.3M | -76.9M | -131.8M | -144.6M | -79.2M | -133.8M | -38.4M | -129.3M | -97.9M | -123.2M | -122.2M | -173.5M | -83.4M | -107.1M | -39.1M | -251.3M | -224.9M | -220.1M | -175M | -134.8M |
| Debt Issued (Net) | -5.3M | 30.2M | -27.8M | -65.2M | 153.7M | 90.4M | 140M | 11M | 37.1M | -3.9M | -3.9M | -3.8M | -3.9M | -3.9M | -3.8M | -3.8M | -3.8M | -3.8M | -3.8M | -3.8M |
| Equity Issued (Net) | -156.2M | -82.3M | -70.5M | -66.9M | -219.2M | -213.8M | -150M | -128M | -125.2M | -106.1M | -86.4M | -160.5M | -64.8M | -94.2M | -13.7M | -239.5M | -211.5M | -203.6M | -151.8M | -123.5M |
| Dividends Paid | -11.9M | -11.8M | -11.7M | -11.8M | -10.1M | -9.8M | -9.8M | -9.7M | -9.2M | -9.1M | -8.8M | -8.7M | -8.4M | -8.2M | -8.1M | -7.8M | -7.5M | -7.4M | -7.2M | -7.4M |
| Share Repurchases | -156.2M | -82.3M | -70.5M | -66.9M | -219.2M | -213.8M | -150M | -128M | -125.2M | -106.1M | -86.4M | -160.5M | -64.8M | -94.2M | -13.7M | -239.5M | -211.5M | -203.6M | -151.8M | -123.5M |
| Other Financing | -1.9M | -13M | -21.8M | -700K | -3.6M | -600K | -18.6M | -2.6M | -600K | -4.1M | -23.1M | -500K | -6.3M | -800K | -13.5M | -200K | -2.1M | -5.3M | -12.2M | -100K |
| Net Change in Cash | -13.6M | 56.8M | 89.7M | -13.9M | -11.3M | 4.7M | 2.4M | -5.5M | -27.3M | 23.1M | -61.1M | -7M | 31.9M | -9.2M | 41.6M | -132.2M | -47.7M | -115.8M | 99.8M | -44.9M |
| Free Cash Flow | 193.7M | 123.3M | 221.7M | 128.8M | 67.7M | 137.1M | 40.7M | 121.7M | 65.2M | 142.8M | 59.8M | 162.1M | 110.6M | 98.7M | 77M | 141M | 176.8M | 96.4M | 275.2M | 87.3M |
| FCF Margin % | 2.81% | 1.81% | 4.6% | 2.72% | 1.32% | 2.74% | 0.9% | 2.58% | 1.24% | 2.62% | 1.23% | 3.2% | 1.91% | 1.77% | 1.52% | 2.63% | 2.85% | 1.42% | 5.38% | 1.83% |
| FCF Growth % | 186.12% | -10.07% | 444.72% | 5.83% | 3.83% | -3.99% | -31.94% | -24.92% | -41.05% | 44.68% | -22.34% | 14.96% | -37.44% | 2.39% | -72.02% | 61.51% | -2.54% | 441.57% | 56.19% | 152.31% |
| FCF per Share | 10.55 | 6.65 | 11.85 | 6.84 | 3.52 | 6.94 | 2.01 | 5.95 | 3.14 | 6.83 | 2.83 | 7.57 | 5.08 | 4.48 | 3.48 | 6.24 | 7.48 | 3.96 | 10.98 | 3.39 |
| FCF Conversion (FCF/Net Income) | 1.98x | 1.12x | 2.35x | 1.73x | 1.42x | 1.75x | 2.42x | 1.75x | 1.35x | 1.80x | 2.06x | 1.82x | 1.13x | 1.29x | 1.41x | 1.90x | 1.16x | 0.97x | 2.23x | 1.38x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |