EX-99.1 4 ex991item6.htm EXHIBIT 99.1 ITEM 6 Exhibit


Item 6.  SELECTED FINANCIAL DATA
 
(Thousands of dollars, except per share data)
 
2014
 
2013
 
2012
 
2011
 
2010
Results of Operations for the Year
 
 
 
 
 
 
 
 
 
 
Net sales and other operating revenues
 
$
16,986,015

 
$
17,814,081

 
$
19,011,040

 
$
18,702,720

 
$
15,356,057

Net cash provided by operating activities
 
$
305,582

 
$
356,698

 
$
237,427

 
$
188,373

 
$
355,883

Income from continuing operations
 
$
222,961

 
$
154,135

 
$
138,416

 
$
187,814

 
$
126,069

Net income (loss)
 
$
243,863

 
$
235,033

 
$
83,568

 
$
324,020

 
$
157,441

Per Common Share - diluted (1)
 
 

 
 

 
 

 
 

 
 

Income (loss) from continuing operations
 
$
4.81

 
$
3.29

 
$
2.96

 
$
4.02

 
$
2.70

Income (loss) from discontinued operations
 
$
0.45

 
$
1.73

 
$
(1.17
)
 
$
2.91

 
$
0.67

Net income (loss)
 
$
5.26

 
$
5.02

 
$
1.79

 
$
6.93

 
$
3.37

 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures for the Year (2)
 
 

 
 

 
 

 
 

 
 

Marketing
 
$
131,139

 
$
162,051

 
$
103,152

 
$
77,481

 
$
176,882

Corporate and other
 
4,200

 
8,169

 
—

 
—

 
—

Subtotal
 
$
135,339


$
170,220


$
103,152


$
77,481


$
176,882

Discontinued operations
 
3,549

 
1,752

 
8,441

 
22,699

 
4,816

Total capital expenditures
 
$
138,888


$
171,972


$
111,593


$
100,180


$
181,698

 
 
 
 
 
 
 
 
 
 
 
Financial condition at December 31
 
 

 
 

 
 

 
 

 
 

Current ratio
 
1.67

 
1.30

 
1.12

 
1.19

 
1.11

Working capital
 
$
277,633

 
$
155,899

 
$
88,053

 
$
95,801

 
$
103,651

Net property, plant and equipment
 
$
1,248,081

 
$
1,189,082

 
$
1,169,476

 
$
1,132,754

 
$
1,122,455

Total assets (at period end)
 
$
1,949,337

 
$
1,888,564

 
$
2,010,403

 
$
1,784,983

 
$
2,978,753

Long term debt (at period end)
 
$
488,250

 
$
541,381

 
$
1,124

 
$
1,170

 
$
1,213

Stockholders' equity/net parent investment
 
$
858,705

 
$
656,336

 
$
1,104,451

 
$
1,118,947

 
$
1,808,150

Long term debt - percent of capital employed
 
36.2
%
 
45.2
%
 
0.1
%
 
0.1
%
 
0.1
%
 
 
 
 
 
 
 
 
 
 
 
Notes:
 
 
 
 
 
 
 
 
 
 
(1)  For the years ended December 31, 2010 through December 31, 2012, the number of diluted shares used at period end for the calculation is based on the number of shares issued at the date of the Separation from Murphy Oil on August 30, 2013.
(2)  Does not include acquisition of ethanol plant assets in 2010.