Murphy USA Inc. (MUSA)

Murphy USA Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	471.2	502.5	556.8	672.9	396.9	386.1
Depreciation & Amortization	274.7	251.2	231.7	223.1	215.1	163.3
Loss (Gain) From Sale of Assets	3.3	4.5	0.8	-2.1	-1.5	-1.3
Asset Writedown & Restructuring Costs	8.2	8.2	-	-	-	-
Loss (Gain) From Sale of Investments	-0.1	-0.2	-0.4	-0.1	-	-
Other Operating Activities	85.2	48.6	37.2	56.1	44.1	28.7
Change in Accounts Receivable	-42	65.4	-56.3	-84.7	-18.9	4.9
Change in Inventory	-45.9	-60.2	-22.1	-26.9	11.1	-51.7
Change in Accounts Payable	66.7	-3.9	-12	180.1	102.9	8.3
Change in Income Taxes	-8.5	34.6	23.1	-	-8.7	8.8
Change in Other Net Operating Assets	4.3	-3.1	25.2	-23.7	-3.6	16.6
Operating Cash Flow	817.1	847.6	784	994.7	737.4	563.7
Operating Cash Flow Growth	-6.30%	8.11%	-21.18%	34.89%	30.81%	79.92%
Capital Expenditures	-449.9	-458.1	-335.6	-305.3	-274.7	-230.7
Sale of Property, Plant & Equipment	2.4	2	2.4	8.8	3.4	8.1
Cash Acquisitions	-	-	-	-	-641.1	-
Investment in Securities	1.5	11.5	11.2	-22.2	-	-
Other Investing Activities	-0.1	-1.2	-1.6	-0.6	-1.8	-1.7
Investing Cash Flow	-446.1	-445.8	-323.6	-319.3	-914.2	-224.3
Long-Term Debt Issued	-	707	8	5	892.8	-
Long-Term Debt Repaid	-	-666.7	-23.4	-20.2	-224.3	-38.9
Net Debt Issued (Repaid)	404.1	40.3	-15.4	-15.2	668.5	-38.9
Repurchase of Common Stock	-711	-445.7	-333.2	-806.4	-355	-399.6
Common Dividends Paid	-39.4	-36.8	-33.4	-29.9	-27.3	-6.9
Other Financing Activities	-34.4	-30.4	-21.1	-19.8	-16.6	-10.7
Financing Cash Flow	-380.7	-472.6	-403.1	-871.3	269.6	-456.1
Net Cash Flow	-9.7	-70.8	57.3	-195.9	92.8	-116.7
Free Cash Flow	367.2	389.5	448.4	689.4	462.7	333
Free Cash Flow Growth	-14.59%	-13.14%	-34.96%	48.99%	38.95%	206.91%
Free Cash Flow Margin	2.16%	2.17%	2.33%	3.24%	3.02%	3.50%
Free Cash Flow Per Share	18.42	18.69	20.53	28.79	17.39	11.28
Cash Interest Paid	100	93.1	92.3	81.6	70.8	49.1
Cash Income Tax Paid	101.5	109.5	128	199.7	120.4	96.5
Levered Free Cash Flow	229.01	300.86	336.89	524.86	406.66	246.13
Unlevered Free Cash Flow	294.76	361.55	398.45	578.18	458.16	278.13
Change in Working Capital	-25.4	32.8	-42.1	44.8	82.8	-13.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q