Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q Q3 2017 FORM - Murphy USA Inc. | musa_09302017x10qxdoc.htm |
| EX-32.2 - EXHIBIT 32.2 CFO CERTIFICATION - Murphy USA Inc. | ex-322_09302017.htm |
| EX-32.1 - EXHIBIT 32.1 CEO CERTIFICATION - Murphy USA Inc. | ex-321_09302017.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - Murphy USA Inc. | ex-312_09302017.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - Murphy USA Inc. | ex-311_09302017.htm |
Exhibit 12
Murphy USA Inc. and Consolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges (unaudited)
(Thousands of dollars)
Nine Months | ||||||||||||||||||||||||
Ended | Years Ended December 31, | |||||||||||||||||||||||
September 30, 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 188,815 | $ | 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 | 1,308 | — | — | — | — | — | ||||||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | 36,650 | 40,041 | 33,531 | 36,646 | 14,608 | 505 | ||||||||||||||||||
Interest portion of rentals * | 3,555 | 7,728 | 7,473 | 2,842 | 2,380 | 2,610 | ||||||||||||||||||
Earnings before provision for taxes and fixed charges | 230,328 | 399,800 | 259,293 | 378,835 | 271,182 | 233,055 | ||||||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | $ | 36,650 | $ | 40,041 | $ | 33,531 | $ | 36,646 | $ | 14,608 | $ | 505 | ||||||||||||
Capitalized interest | (2,782 | ) | (337 | ) | — | — | — | — | ||||||||||||||||
Interest portion of rentals* | 3,555 | 7,728 | 7,473 | 2,842 | 2,380 | 2,610 | ||||||||||||||||||
Total fixed charges | 37,423 | 47,432 | 41,004 | 39,488 | 16,988 | 3,115 | ||||||||||||||||||
Ratio of earnings to fixed charges | 6.2 | 8.4 | 6.3 | 9.6 | 16.0 | 74.8 | ||||||||||||||||||
* Calculated as one-third of rentals. Considered a reasonable approximation of interest factor.