Attached files

file filename
EX-32.2 - EXHIBIT 32.2 CFO CERTIFICATION - Murphy USA Inc.ex-322_03312017.htm
EX-32.1 - EXHIBIT 32.1 CEO CERTIFICATION - Murphy USA Inc.ex-321_03312017.htm
EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - Murphy USA Inc.ex-312_03312017.htm
EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - Murphy USA Inc.ex-311_03312017.htm
10-Q - 10-Q Q1 2017 FORM - Murphy USA Inc.musa_03312017x10qxdoc.htm


Exhibit 12
Murphy USA Inc. and Consolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges (unaudited)
(Thousands of dollars)
 
 
 
Three Months
 
 
 
 
 
 
 
 
 
 
 
 
Ended
 
Years Ended December 31,
 
 
March 31, 2017
 
2016
 
2015
 
2014
 
2013
 
2012
Income from continuing operations before income taxes
 
$
(9,837
)
 
$
352,031

 
$
218,289

 
$
339,347

 
$
254,194

 
$
229,940

Distributions greater than equity in earnings of affiliates
 

 

 

 

 

 

Previously capitalized interest charged to earnings during the period
 

 

 

 

 

 

Interest and expense on indebtedness, excluding capitalized interest
 
10,087

 
40,041

 
33,531

 
36,646

 
14,608

 
505

Interest portion of rentals *
 
1,172

 
7,728

 
7,473

 
2,842

 
2,380

 
2,610

Earnings before provision for taxes and fixed charges
 
$
1,422

 
$
399,800

 
$
259,293

 
$
378,835

 
$
271,182

 
$
233,055

Interest and expense on indebtedness, excluding capitalized interest
 
10,087

 
40,041

 
33,531

 
36,646

 
14,608

 
505

Capitalized interest
 
(589
)
 
(337
)
 

 

 

 

Interest portion of rentals *
 
1,172

 
7,728

 
7,473

 
2,842

 
2,380

 
2,610

Total fixed charges
 
$
10,670

 
$
47,432

 
$
41,004

 
$
39,488

 
$
16,988

 
$
3,115

Ratio of earnings to fixed charges
 
0.1

 
8.4

 
6.3

 
9.6

 
16.0

 
74.8


*    Calculated as one-third of rentals.  Considered a reasonable approximation of interest factor.