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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Preliminary Puchase Price Allocation
The following table contains the purchase price allocations at fair value:
(Thousands of dollars)
PAI
(Final)
 
LLOG
(Preliminary)
Cash consideration paid
$
780,678

 
$
1,238,353

Fair value of net assets contributed
154,468

 

Contingent consideration
52,540

 
89,444

NCI in acquired assets
246,922

 

Total purchase consideration
$
1,234,608

 
$
1,327,797

(Thousands of dollars)


 
 
Fair value of Property, plant and equipment
1,617,371

 
1,358,372

Other assets
5,628

 
6,697

Less:  Asset retirement obligations
(388,391
)
 
(37,272
)
Total net assets
$
1,234,608

 
$
1,327,797

Pro Forma Financial Information The pro forma condensed combined financial information has been included for comparative purposes and is not necessarily indicative of the results that might have occurred had the transaction taken place on January 1, 2018; furthermore, the financial information is not intended to be a projection of future results.

Years Ended December 31,
(Thousands of dollars, except per share amounts)
2019
 
2018
Revenues
$
3,061,575

 
3,290,104

Net Income Attributable to Murphy
1,209,380

 
758,639


 
 
 
Net Income Attributable to Murphy per Common Share
 
 
 
Basic
$
7.37

 
4.39

Diluted
7.34

 
4.35