Short answer
Murphy USA Inc (MUSA) filed its fiscal 2017 10-K annual report with the SEC on Feb 20, 2018. It reported revenue of $12.8B (+10.6% year over year) and net income of $245M.
- Top risk flagged: Environmental liability: EPA fuel standards and contamination laws could impose fines, cleanup costs and stricter compliance obligations
FY2017 key financial metrics · XBRL
- Revenue
- $12.8B
- +10.6% YoY
- Net income
- $245M
- +10.7% YoY
- Operating margin
- 2.2%
- −0.4 pp YoY
- EPS (diluted)
- $6.78
- +21.3% YoY
- ROE
- 33.2%
- +1.4 pp YoY
- Operating cash flow
- $284M
- −15.9% YoY
Source: XBRL data from the Murphy USA Inc (MUSA) FY2017 10-K on SEC EDGAR. USD.
Murphy USA Inc FY2017 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Low-price, high-volume U.S. fuel retailer with convenience merchandise, centered on small-format stores near Walmart locations
- Store network expanded to 1,446 from 1,401, including 1,158 Murphy USA locations
- Strategic format shift toward stores larger than 1,200 square feet, supporting higher-margin non-tobacco merchandise diversification
- Retail fuel sales approximately 4.1 billion gallons, while fuel margin increased to 14.0 cents per gallon from 11.6
- Approximately 9,600 employees, including nearly 4,200 full-time and 5,400 part-time workers
Management Discussion & Analysis
- Revenue $12.83B, up $1.23B or 10.6% YoY, driven by higher fuel prices despite 1.3% lower volumes
- Net income $245.3M vs $221.5M, effective tax rate benefit 2.2% vs 37.1% expense
- Marketing segment best performer: income $295.3M, up 18.2%; corporate and other loss $50.1M
- Operating cash flow $283.6M; capital expenditures $258.3M; financing activities used $5.3M
- 2018 capex guidance $225M to $275M, with fuel-margin volatility, competition and supply disruptions key risks
Risk Factors
- Environmental liability: EPA fuel standards and contamination laws could impose fines, cleanup costs and stricter compliance obligations
- Geopolitical exposure: OPEC actions, Middle East instability and refinery disruptions could increase wholesale gasoline costs and compress margins
- Supply concentration: Core-Mark supplied over 84% of merchandise in 2017
- Competitive disruption: supermarkets, discount clubs and mass merchants gaining gasoline market share through promotional pricing
- Leverage: $892 million outstanding debt, including $500 million of 6.00% Senior Notes due 2023
Generated from the filing text; verify against the original. How to read a 10-K
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