Murphy USA Inc. cash flow statement
In fiscal 2025, Murphy USA Inc.'s operations generated $814m of cash; it spent $440m on capital projects, leaving free cash flow of $374m. It returned $41.5m in dividends and $650m through buybacks.
Cash flow statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 188 | 237 | 357 | 306 | 216 | 337 | 284 | 399 | 313 | 564 | 737 | 995 | 784 | 848 | 814 | 1,149 |
| Depreciation and amortisation | 65 | 72 | 74 | 79 | 87 | 99 | 117 | 134 | 152 | 161 | 213 | 220 | 229 | 248 | 277 | 292 |
| Stock-based pay | 11 | 8 | 9 | 10 | 9 | 9 | 8 | 9 | 11 | 14 | 14 | 16 | 22 | 23 | 29 | 29 |
| Capital spending | 100 | 104 | 163 | 135 | 205 | 262 | 258 | 204 | 205 | 231 | 275 | 305 | 336 | 458 | 440 | 481 |
| Free cash flow | 89 | 133 | 193 | 170 | 11 | 75 | 25 | 194 | 109 | 333 | 463 | 689 | 448 | 390 | 374 | 668 |
| Free cash flow after stock pay | 78 | 125 | 184 | 160 | 2 | 66 | 18 | 185 | 98 | 319 | 448 | 673 | 427 | 367 | 346 | 638 |
| Dividends paid | — | — | — | — | — | — | — | 0 | 0 | 7 | 27 | 30 | 33 | 37 | 42 | 47 |
| Share buybacks | — | — | 0 | 51 | 249 | 323 | 206 | 144 | 166 | 400 | 355 | 806 | 333 | 446 | 650 | 376 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 249 | 129 | 255 | 185 | 246 | 320 | 235 | 348 |
| Depreciation and amortisation | 67 | 68 | 66 | 70 | 73 | 72 | 72 | 75 |
| Stock-based pay | 6 | 6 | 3 | 5 | 14 | 3 | 5 | 7 |
| Capital spending | 127 | 88 | 118 | 117 | 117 | 98 | 112 | 154 |
| Free cash flow | 122 | 41 | 137 | 68 | 129 | 222 | 123 | 194 |
| Free cash flow after stock pay | 116 | 35 | 134 | 62 | 115 | 218 | 118 | 187 |
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