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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Activities      
Net income $ 905,611us-gaap_NetIncomeLoss $ 1,123,473us-gaap_NetIncomeLoss $ 970,876us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (income) from discontinued operations 119,362us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (235,336)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (164,382)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Depreciation, depletion and amortization 1,906,247us-gaap_DepreciationDepletionAndAmortization 1,553,394us-gaap_DepreciationDepletionAndAmortization 1,253,095us-gaap_DepreciationDepletionAndAmortization
Impairment of assets 51,314us-gaap_ImpairmentOfOilAndGasProperties 21,587us-gaap_ImpairmentOfOilAndGasProperties 200,000us-gaap_ImpairmentOfOilAndGasProperties [1]
Amortization of deferred major repair costs 8,345us-gaap_OtherAmortizationOfDeferredCharges 8,464us-gaap_OtherAmortizationOfDeferredCharges 7,065us-gaap_OtherAmortizationOfDeferredCharges
Dry hole costs 269,986us-gaap_ResultsOfOperationsDryHoleCosts 262,876us-gaap_ResultsOfOperationsDryHoleCosts 181,924us-gaap_ResultsOfOperationsDryHoleCosts
Amortization of undeveloped leases 74,438us-gaap_AmortizationOfLeasedAsset 66,891us-gaap_AmortizationOfLeasedAsset 129,750us-gaap_AmortizationOfLeasedAsset
Accretion of asset retirement obligations 50,778us-gaap_AssetRetirementObligationAccretionExpense 48,996us-gaap_AssetRetirementObligationAccretionExpense 38,361us-gaap_AssetRetirementObligationAccretionExpense
Deferred and noncurrent income tax charges (benefits) (170,915)us-gaap_DeferredIncomeTaxExpenseBenefit 158,108us-gaap_DeferredIncomeTaxExpenseBenefit 342,718us-gaap_DeferredIncomeTaxExpenseBenefit
Pretax (gains) losses from disposition of assets (138,903)us-gaap_GainLossOnDispositionOfAssets1 87us-gaap_GainLossOnDispositionOfAssets1 (66)us-gaap_GainLossOnDispositionOfAssets1
Net decrease (increase) in noncash operating working capital (3,729)us-gaap_IncreaseDecreaseInOperatingCapital 266,329us-gaap_IncreaseDecreaseInOperatingCapital (168,180)us-gaap_IncreaseDecreaseInOperatingCapital
Other operating activities, net (23,895)us-gaap_OtherOperatingActivitiesCashFlowStatement (64,174)us-gaap_OtherOperatingActivitiesCashFlowStatement 120,219us-gaap_OtherOperatingActivitiesCashFlowStatement
Net cash provided by continuing operations 3,048,639us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 3,210,695us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 2,911,380us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing Activities      
Property additions and dry hole costs (3,679,464)us-gaap_PaymentsToAcquireProductiveAssets [2] (3,590,344)us-gaap_PaymentsToAcquireProductiveAssets [2] (3,541,724)us-gaap_PaymentsToAcquireProductiveAssets [2]
Proceeds from sales of property, plant and equipment 1,467,046us-gaap_ProceedsFromSaleOfProductiveAssets 1,650us-gaap_ProceedsFromSaleOfProductiveAssets 99us-gaap_ProceedsFromSaleOfProductiveAssets
Purchase of investment securities (986,328)us-gaap_PaymentsToAcquireInvestments [3] (923,497)us-gaap_PaymentsToAcquireInvestments [3] (1,619,308)us-gaap_PaymentsToAcquireInvestments [3]
Proceeds from maturity of investment securities 899,857us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments [3] 664,258us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments [3] 2,035,798us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments [3]
Other investing activities - net (18,929)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 291us-gaap_PaymentsForProceedsFromOtherInvestingActivities 253us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash required by investing activities (2,317,818)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (3,847,642)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (3,124,882)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing Activities      
Borrowings of debt 100,000us-gaap_ProceedsFromNotesPayable [2] 350,000us-gaap_ProceedsFromNotesPayable [2] 1,995,467us-gaap_ProceedsFromNotesPayable [2]
Repayments of debt     (350,000)us-gaap_RepaymentsOfNotesPayable
Repayment of capital lease obligation (25,265)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations    
Purchase of treasury stock (375,000)us-gaap_PaymentsForRepurchaseOfCommonStock (500,000)us-gaap_PaymentsForRepurchaseOfCommonStock (250,000)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from exercise of stock options and employee stock purchase plans 210us-gaap_ProceedsFromStockOptionsExercised 3,409us-gaap_ProceedsFromStockOptionsExercised 12,324us-gaap_ProceedsFromStockOptionsExercised
Withholding tax on stock-based incentive awards (6,786)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (16,727)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (3,341)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Cash dividends paid (236,371)us-gaap_PaymentsOfDividendsCommonStock (235,108)us-gaap_PaymentsOfDividendsCommonStock (714,429)us-gaap_PaymentsOfDividendsCommonStock
Separation of U.S. retail marketing business:      
Cash distributed to Murphy Oil by Murphy USA   650,000us-gaap_CashDividendsPaidToParentCompany  
Cash held and retained by Murphy USA upon separation   (55,506)mur_CashHeldAndRetainedBySubsidiariesUponSeparation  
Other - net (1,498)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (2,473)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (4,312)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided (required) by financing activities (544,710)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 193,595us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 685,709us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Cash Flows from Discontinued Operations      
Operating activities (39,563)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 427,792us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 144,901us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Investing activities 199,541us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations 116,463us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations (192,540)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Changes in cash included in current assets held for sale 100,790us-gaap_IncreaseDecreaseInAssetsHeldForSale (301,302)us-gaap_IncreaseDecreaseInAssetsHeldForSale  
Net increase (decrease) in cash and cash equivlents of discontinued operations 260,768us-gaap_NetCashProvidedByUsedInDiscontinuedOperations 242,953us-gaap_NetCashProvidedByUsedInDiscontinuedOperations (47,639)us-gaap_NetCashProvidedByUsedInDiscontinuedOperations
Effect of exchange rate changes on cash and cash equivalents (3,726)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 3,238us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 8,875us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents 443,153us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (197,161)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 433,443us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at January 1 750,155us-gaap_CashAndCashEquivalentsAtCarryingValue 947,316us-gaap_CashAndCashEquivalentsAtCarryingValue 513,873us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at December 31 $ 1,193,308us-gaap_CashAndCashEquivalentsAtCarryingValue $ 750,155us-gaap_CashAndCashEquivalentsAtCarryingValue $ 947,316us-gaap_CashAndCashEquivalentsAtCarryingValue
[1] Results exclude corporate overhead, interest and discontinued operations.
[2] Excludes non-cash asset and long-term obligation of $357,991 in 2013 associated with lease commencement for production equipment at the Kakap field offshore Malaysia.
[3] Investments are Canadian government securities with maturities greater than 90 days at the date of acquisition.