Murphy USA Inc. (MUSA)
Murphy USA Inc. specializes in providing retail gasoline and a variety of convenience store items. It manages a network of retail outlets operating under its well-known banners: Murphy USA, Murphy Express, and QuickChek. By December 31, 2021, its extensive footprint included 1,679 retail fuel stations primarily concentrated across the Southeastern, Southwestern, and Midwestern regions of the United States. Established in 1996, the corporation maintains its headquarters in El Dorado, Arkansas.
Sector: Retail-Auto Dealers & Gasoline Stations
Industry: Specialty Retail
Murphy USA Inc.
NYSE:MUSAConsumer Cyclical · Specialty Retail
+0.48%$534.63
AH Close$534.63+0.00%vs close
AH Close$534.63+0.00%vs close
Mkt Cap$9.83B
Float16.66M
O/S18.38M
Inst Own84.0%
SI5.3%
Div Yield0.48%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$19.38B
Net Income$470.6M
Total Assets$4.73B
Free Cash Flow$374.3M
Debt & Equity
Debt 84%
Equity 16%
Total Debt$3.25B
Total Equity$623.5M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MUSA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.73B
Liabilities$4.1B
Accounts Receivable$276.2M
Accounts Payable$865.2M
Inventory$413M
PP&E (Net)$3.49B
Goodwill$328M
Intangible Assets$139.3M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Revenue | $19.38B | $20.24B | $21.53B | $23.45B | $17.36B | $11.26B | $14.03B | $14.36B | $12.83B | $11.59B | $12.7B | $16.99B | $18.08B | $19.3B | $18.92B | $15.59B |
| YoY Growth | -4.2% | -6.0% | -8.2% | 35.1% | 54.1% | -19.7% | -2.3% | 12.0% | 10.6% | -8.7% | -25.2% | -6.1% | -6.3% | 2.0% | 21.3% | - |
| Cost of Revenue | $18.41B | $17.94B | $19.22B | $21.05B | $15.51B | $9.82B | $12.91B | $13.27B | $11.76B | $10.58B | $11.74B | $15.93B | $17.12B | $18.42B | $17.99B | $14.77B |
| Gross Profit | $970.7M | $2.31B | $2.31B | $2.4B | $1.85B | $1.44B | $1.13B | $1.09B | $1.06B | $1.02B | $958.51M | $1.05B | $966.85M | $878.18M | $931.55M | $820.96M |
| Gross Margin | 5.0% | 11.4% | 10.7% | 10.2% | 10.7% | 12.8% | 8.0% | 7.6% | 8.3% | 8.8% | 7.5% | 6.2% | 5.3% | 4.5% | 4.9% | 5.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $231.5M | $235.4M | $240.5M | $232.5M | $193.6M | $171.1M | $144.6M | $136.2M | $141.17M | $122.67M | $129.28M | $119.27M | $133M | $116.6M | $93.13M | $87.93M |
| Other | $0 | $1.33B | $1.25B | $1.2B | $1.05B | $712.8M | $713.6M | $677.3M | $633.6M | $593.58M | $574.47M | $567.05M | $568.93M | $552.83M | $527.17M | $501.8M |
| Total Operating Expenses | $231.5M | $1.56B | $1.49B | $1.43B | $1.24B | $883.9M | $858.2M | $813.5M | $774.8M | $716.25M | $703.75M | $686.32M | $701.93M | $665.95M | $620.3M | $589.73M |
| Operating Income (EBIT) | $739.2M | $742.9M | $826M | $968.4M | $604M | $559M | $268.5M | $325.1M | $283.3M | $299.87M | $254.76M | $365.39M | $264.92M | $151.24M | $311.24M | $231.23M |
| Operating Margin | 3.8% | 3.7% | 3.8% | 4.1% | 3.5% | 5.0% | 1.9% | 2.3% | 2.2% | 2.6% | 2.0% | 2.2% | 1.5% | 0.8% | 1.6% | 1.5% |
| Interest Expense | $110.9M | $97.1M | $98.5M | $86.2M | $82.4M | $51.2M | $54.9M | $52.9M | $46.7M | $39.7M | $33.53M | $36.65M | $14.51M | $384K | $408K | $3.83M |
| Interest Income | $200K | $0 | $0 | $3M | $0 | $1M | $3.2M | $1.5M | $1.31M | $578K | $2.18M | $244K | $1.1M | $172K | $32K | $110K |
| Other Income (Expense) | -$130M | -$91.3M | -$91.6M | -$84.6M | -$82.1M | -$49.9M | -$66.1M | -$51.2M | -$43.28M | $52.17M | -$36.48M | -$26.04M | -$7.25M | -$1.13M | -$428K | -$3.46M |
| Income Before Tax (EBT) | $609.2M | $651.6M | $734.4M | $883.8M | $521.9M | $509.1M | $202.4M | $273.9M | $240.02M | $352.03M | $218.29M | $339.35M | $257.68M | $150.12M | $310.81M | $227.77M |
| Income Tax Expense | $138.6M | $149.1M | $177.6M | $210.9M | $125M | $123M | $47.6M | $60.3M | -$5.24M | $130.54M | $80.7M | $116.39M | $101.35M | $62.17M | $122.96M | $85.03M |
| Net Income | $470.6M | $502.5M | $556.8M | $672.9M | $396.9M | $386.1M | $154.8M | $213.6M | $245.26M | $221.49M | $176.34M | $243.86M | $235.03M | $83.57M | $324.02M | $157.44M |
| Net Income Margin | 2.4% | 2.5% | 2.6% | 2.9% | 2.3% | 3.4% | 1.1% | 1.5% | 1.9% | 1.9% | 1.4% | 1.4% | 1.3% | 0.4% | 1.7% | 1.0% |
| Supplementary Data | ||||||||||||||||
| EPS | 24.38 | 24.47 | 25.91 | 28.63 | 15.14 | 13.25 | 4.90 | 6.54 | 6.85 | 5.64 | 4.06 | 5.29 | 5.03 | 1.79 | 6.93 | 3.37 |
| Diluted EPS | 24.10 | 24.11 | 25.49 | 28.10 | 14.92 | 13.08 | 4.86 | 6.48 | 6.78 | 5.59 | 4.02 | 5.26 | 5.02 | 1.78 | 6.93 | 3.35 |
| Weighted Average OS | 19.30M | 20.53M | 21.49M | 23.51M | 26.21M | 29.13M | 31.59M | 32.67M | 35.82M | 39.27M | 43.43M | 46.10M | 46.74M | 46.72M | 46.74M | 46.72M |
| EBITDA | $1B | $996.7M | $1.06B | $1.19B | $819.4M | $722.7M | $411.6M | $462.8M | $405.43M | $492M | $339.91M | $455.08M | $342.76M | $223.85M | $376.1M | $292.3M |
| EBITDA Margin | 5.2% | 4.9% | 4.9% | 5.1% | 4.7% | 6.4% | 2.9% | 3.2% | 3.2% | 4.2% | 2.7% | 2.7% | 1.9% | 1.2% | 2.0% | 1.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $28.9M | $47M | $117.8M | $60.5M | $256.4M | $163.6M | $280.3M | $184.5M | $170.03M | $153.81M | $102.33M | $327.16M | $294.74M | $57.37M | $36.89M |
| Short-Term Investments | $0 | $0 | $7.1M | $17.9M | $0 | $0 | $0 | $0 | -$28K | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $28.9M | $47M | $124.9M | $78.4M | $256.4M | $163.6M | $280.3M | $184.5M | $170M | $153.81M | $102.33M | $327.16M | $294.74M | $57.37M | $36.89M |
| Accounts Receivable | $276.2M | $268.5M | $336.7M | $281.7M | $195.7M | $168.8M | $172.9M | $138.8M | $225.27M | $183.52M | $136.25M | $138.47M | $193.18M | $529.02M | $356.68M |
| Inventory | $413M | $401.6M | $341.2M | $319.1M | $292.3M | $279.1M | $227.6M | $221.5M | $182.48M | $153.35M | $155.91M | $157.05M | $179.06M | $217.39M | $184.1M |
| Other Current Assets | $29.7M | $31M | $23.7M | $47.6M | $23.4M | $13.7M | $1M | $1M | $2.7M | $1.8M | $1.6M | $59.13M | $2.9M | $0 | $0 |
| Total Current Assets | $747.8M | $748.1M | $826.5M | $726.8M | $767.8M | $625.2M | $710.8M | $570.1M | $614.29M | $515.55M | $435.67M | $690.71M | $682.42M | $821.96M | $588.35M |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $3.49B | $3.31B | $3.02B | $2.91B | $2.8B | $2.02B | $1.93B | $1.75B | $1.68B | $1.53B | $1.37B | $1.25B | $1.19B | $1.17B | $1.2B |
| Goodwill | $328M | $328M | $328M | $328M | $328M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $139.3M | $139.5M | $139.8M | $140.4M | $140.7M | $34.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $4.4M | $4.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $21.6M | $19.9M | $17.5M | $14.7M | $14.1M | $10.6M | $44.9M | $42.5M | $38.5M | $40.53M | $81.26M | $10.54M | $8.1M | $543K | $307K |
| Total Long-Term Assets | $3.98B | $3.79B | $3.51B | $3.4B | $3.28B | $2.06B | $1.98B | $1.79B | $1.72B | $1.57B | $1.45B | $1.26B | $1.2B | $1.17B | $1.2B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$55K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.73B | $4.54B | $4.34B | $4.12B | $4.05B | $2.69B | $2.69B | $2.36B | $2.33B | $2.09B | $1.89B | $1.95B | $1.88B | $1.99B | $1.78B |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $865.2M | $518M | $505.4M | $547.6M | $392.5M | $261M | $280.8M | $274.9M | $339.6M | $309.99M | $226.77M | $227.11M | $311.4M | $612.75M | $375.49M |
| Short-Term Debt | $19M | $15.7M | $15M | $15M | $15M | $51.2M | $37.6M | $21.2M | $19.89M | $40.6M | $222K | $0 | $14M | $46K | $43K |
| Current Income Tax Payable | $0 | $34.6M | $175M | $137.8M | $135M | $8.8M | $0 | $116.3M | $114.74M | $594K | $75.7M | $89.64M | $79.29M | $80.95M | $63.5M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $39.9M | $50.1M | $34.9M | $32M | $32.5M | $15.9M | $116.3M | $114.71M | $0 | $39.62M | $95.41M | $135.17M | $12.77M | $11.23M |
| Total Current Liabilities | $929.1M | $947.9M | $872.8M | $854.2M | $675.3M | $531.1M | $505M | $478.1M | $533.3M | $514.56M | $392.29M | $413.08M | $526.52M | $733.91M | $492.55M |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $2.7B | $1.83B | $1.78B | $1.79B | $1.8B | $951.2M | $998.1M | $842.1M | $860.86M | $629.62M | $490.16M | $488.25M | $547.58M | $1.12M | $1.17M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $161.24M | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $388.5M | $343.4M | $329.5M | $327.4M | $295.9M | $0 | $0 | $192.2M | $0 | $204.66M | $0 | $0 | $114.93M | $129.82M | $150.38M |
| Other Long-Term Liabilities | -$448.1M | $81.2M | $73.9M | $64.8M | $60.8M | $275.9M | $261.4M | $41.1M | $198.44M | $42.83M | $50.26M | $189.3M | $35.88M | $23.16M | $21.94M |
| Total Long-Term Liabilities | $3.17B | $2.75B | $2.64B | $2.63B | $2.57B | $1.37B | $1.38B | $1.08B | $1.06B | $877.1M | $701.66M | $677.55M | $698.39M | $154.1M | $173.48M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.69M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.1B | $3.7B | $3.51B | $3.48B | $3.24B | $1.9B | $1.88B | $1.55B | $1.6B | $1.39B | $1.09B | $1.09B | $1.22B | $888.01M | $666.04M |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $500K | $500K | $500K | $500K | $500K | $500K | $500K | $500K | $500K | $468K | $468K | $468K | $467K | $1.1B | $0 |
| Retained Earnings | $4.17B | $3.74B | $3.28B | $2.76B | $2.11B | $1.74B | $1.36B | $1.21B | $994.53M | $749.27M | $527.78M | $351.44M | $107.58M | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | -$500K | -$1.2M | -$1.9M | $700K | $0 | $0 | $0 | $0 | -$730.2M | $0 | $0 | $0 |
| Other Stockholders' Equity | -$3.55B | -$2.9B | -$2.45B | -$2.11B | -$1.31B | -$959.5M | -$560.4M | -$401.3M | -$256.63M | -$52.66M | $264.04M | $506.8M | $548.29M | $0 | $1.12B |
| Total Equity | $623.5M | $840.1M | $828.9M | $640.7M | $807.2M | $784.1M | $803M | $807.3M | $738.4M | $697.08M | $792.29M | $858.71M | $656.34M | $1.1B | $1.12B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.73B | $4.54B | $4.34B | $4.12B | $4.05B | $2.69B | $2.69B | $2.36B | $2.34B | $2.09B | $1.89B | $1.95B | $1.88B | $1.99B | $1.78B |
| Supplementary Data | |||||||||||||||
| Total Debt | $3.25B | $2.37B | $2.27B | $2.27B | $2.24B | $1.14B | $1.16B | $863.3M | $880.75M | $670.22M | $490.38M | $488.25M | $561.58M | $1.17M | $1.21M |
| Net Debt | $3.22B | $2.32B | $2.15B | $2.21B | $1.99B | $981.3M | $883.1M | $678.8M | $710.8M | $516.4M | $388.05M | $161.09M | $266.84M | -$56.2M | -$35.67M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 |
| Operating Activities | ||||||||||||||||
| Net Income | $470.6M | $502.5M | $556.8M | $672.9M | $396.9M | $386.1M | $154.8M | $213.6M | $245.26M | $221.49M | $137.59M | $243.86M | $154.13M | $83.57M | $187.85M | $142.74M |
| Depreciation & Amortization | $280.2M | $248M | $231.7M | $223.1M | $215.1M | $163.3M | $154.3M | $136M | $118.75M | $100.26M | $86.57M | $79.09M | $74.05M | $71.74M | $64.88M | $61.47M |
| Deferred Income Tax | $0 | $14M | $2M | $31.5M | $19M | $2.5M | $23.7M | $37.9M | -$50.4M | $40.4M | $40.56M | -$7.69M | -$12.89M | -$16.46M | $22.95M | -$4.85M |
| Stock-Based Compensation | -$23.5M | $0 | $0 | $0 | $0 | $0 | $0 | -$9.4M | $0 | -$4.16M | $0 | $10.44M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||
| Accounts Receivable | -$8.1M | $65.4M | -$56.3M | -$84.7M | -$18.9M | $4.9M | $0 | $86.6M | $0 | $0 | $2.86M | $59.52M | $331.68M | -$172.34M | $244.83M | -$183.77M |
| Inventory | -$11.4M | -$60.2M | -$22.1M | -$26.9M | $11.1M | -$51.7M | $0 | $0 | $0 | $0 | $1.12M | $750K | $4.01M | -$33.29M | $20.18M | -$4.73M |
| Accounts Payable | -$4.3M | -$3.9M | -$12M | $180.1M | $102.9M | $8.3M | -$5.9M | -$56.7M | $0 | $0 | $1.04M | -$53.23M | -$272.37M | $235.42M | -$452.49M | $263.21M |
| Other Working Capital | -$9.3M | $66.1M | $48.3M | -$23.7M | -$12.3M | $51.6M | -$36.9M | -$27.6M | -$36.95M | $53.7M | -$51.61M | -$32.84M | -$12.12M | -$1.56M | -$83.56M | -$21.26M |
| Total Working Capital Change | -$33.1M | $67.4M | -$42.1M | $44.8M | $82.8M | $13.1M | -$42.8M | $2.3M | -$36.95M | $53.7M | -$46.59M | -$25.8M | $51.2M | $28.23M | -$271.05M | $53.45M |
| Other Non-Cash Items | $119.7M | $15.7M | $35.6M | $22.4M | $23.6M | -$1.3M | $23.3M | $18.3M | $6.96M | -$74.29M | -$2.29M | $5.7M | $90.2M | $70.35M | $183.74M | $103.08M |
| Net Cash from Operating | $813.9M | $847.6M | $784M | $994.7M | $737.4M | $563.7M | $313.3M | $398.7M | $283.63M | $337.4M | $215.84M | $305.58M | $356.7M | $237.43M | $188.37M | $355.88M |
| Investing Activities | ||||||||||||||||
| Capital Expenditures | -$439.6M | -$458.1M | -$335.6M | -$305.3M | -$274.7M | -$230.7M | -$204.8M | -$204.3M | -$258.26M | -$262.1M | -$205.22M | -$135.34M | -$163.3M | -$104.75M | -$99.82M | -$222M |
| Acquisitions | $0 | $2M | $0 | $0 | -$641.1M | $0 | $0 | $0 | $0 | $0 | $729K | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$12.8M | -$22.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $11.5M | $24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $3.6M | -$1.2M | $800K | $8.2M | $1.6M | $6.4M | $1.7M | -$4.8M | -$3.85M | $127.25M | $14.86M | -$14.08M | $176.19M | -$7.34M | $912.7M | -$154.66M |
| Net Cash from Investing | -$436M | -$445.8M | -$323.6M | -$319.3M | -$914.2M | -$224.3M | -$203.1M | -$209.1M | -$262.11M | -$134.85M | -$189.63M | -$149.41M | $12.89M | -$112.09M | $812.88M | -$376.66M |
| Financing Activities | ||||||||||||||||
| Debt Repaid | -$318.9M | -$40.3M | $15.4M | $15.2M | -$668.5M | $38.9M | -$170.4M | $21.3M | -$207.4M | -$179.6M | $146K | $70M | -$560.08M | $42K | $42K | $82.04M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$649.9M | -$445.7M | -$333.2M | -$806.4M | -$355M | -$399.6M | -$165.8M | -$144.4M | -$206M | -$323.3M | -$248.69M | -$51.35M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$41.5M | -$36.8M | -$33.4M | -$29.9M | -$27.3M | -$6.9M | $0 | $0 | $0 | $0 | $0 | $0 | -$685.61M | -$104.81M | -$1.02B | $0 |
| Other Financing Activities | -$23.5M | -$30.4M | -$21.1M | -$19.8M | -$16.6M | -$10.7M | -$19M | -$9.4M | -$6.7M | -$7.41M | -$3.13M | -$1.46M | -$6.69M | -$104.81M | $0 | $109.38M |
| Net Cash from Financing | -$396M | -$472.6M | -$403.1M | -$871.3M | $269.6M | -$456.1M | -$14.4M | -$175.1M | -$5.3M | -$151.11M | -$251.97M | -$122.8M | -$132.22M | -$104.85M | -$1.02B | $27.34M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$18.1M | -$70.8M | $57.3M | -$195.9M | $92.8M | -$116.7M | $95.8M | $14.5M | $16.21M | $51.47M | -$225.77M | $33.36M | $237.37M | $20.49M | -$19.83M | $6.56M |
| Supplementary Data | ||||||||||||||||
| Operating Cash Flow | $813.9M | $847.6M | $784M | $994.7M | $737.4M | $563.7M | $313.3M | $398.7M | $283.6M | $337.4M | $215.84M | $305.58M | $356.7M | $237.43M | $188.37M | $355.88M |
| Capital Expenditure | -$439.6M | -$458.1M | -$335.6M | -$305.3M | -$274.7M | -$230.7M | -$204.8M | -$204.3M | -$258.26M | -$262.1M | -$205.22M | -$135.34M | -$164.54M | -$111.59M | -$99.82M | -$222M |
| Free Cash Flow | $374.3M | $389.5M | $448.4M | $689.4M | $462.7M | $333M | $108.5M | $194.4M | $25.3M | $75.3M | $10.61M | $170.24M | $193.4M | $132.68M | $88.55M | $133.89M |
| Cash at Beginning | $47M | $117.8M | $60.5M | $256.4M | $163.6M | $280.3M | $184.5M | $170M | $153.81M | $102.33M | $328.11M | $294.74M | $57.37M | $36.89M | $56.71M | $50.15M |
| Cash at End | $28.9M | $47M | $117.8M | $60.5M | $256.4M | $163.6M | $280.3M | $184.5M | $170M | $153.8M | $102.33M | $328.11M | $294.74M | $57.37M | $36.89M | $56.71M |