Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 CFO CERTIFICATION - Murphy USA Inc. | ex-322_03312018.htm |
| EX-32.1 - EXHIBIT 32.1 CEO CERTIFICATION - Murphy USA Inc. | ex-321_03312018.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - Murphy USA Inc. | ex-312_03312018.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - Murphy USA Inc. | ex-311_03312018.htm |
| EX-10.1 - EXHIBIT 10.1 CONSULTING AGREEMENT - Murphy USA Inc. | ex-101_johncorriganconsult.htm |
| 10-Q - 10-Q Q1 2018 FORM - Murphy USA Inc. | musa_03312018x10qxdoc.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, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 47,297 | $ | 240,023 | $ | 352,031 | $ | 218,289 | $ | 339,347 | $ | 254,194 | ||||||||||||
Distributions greater than equity in earnings of affiliates | — | — | — | — | — | — | ||||||||||||||||||
Previously capitalized interest charged to earnings during the period | 35 | 54 | — | — | — | — | ||||||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | 13,815 | 50,428 | 40,041 | 33,531 | 36,646 | 14,608 | ||||||||||||||||||
Interest portion of rentals * | 1,263 | 4,737 | 7,728 | 7,473 | 2,842 | 2,380 | ||||||||||||||||||
Earnings before provision for taxes and fixed charges | $ | 62,410 | 295,242 | 399,800 | 259,293 | 378,835 | 271,182 | |||||||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | $ | 13,815 | $ | 50,428 | $ | 40,041 | $ | 33,531 | $ | 36,646 | $ | 14,608 | ||||||||||||
Capitalized interest | (754 | ) | (3,768 | ) | (337 | ) | — | — | — | |||||||||||||||
Interest portion of rentals* | 1,263 | 4,737 | 7,728 | 7,473 | 2,842 | 2,380 | ||||||||||||||||||
Total fixed charges | $ | 14,324 | 51,397 | 47,432 | 41,004 | 39,488 | 16,988 | |||||||||||||||||
Ratio of earnings to fixed charges | 4.4 | 5.7 | 8.4 | 6.3 | 9.6 | 16.0 | ||||||||||||||||||
* Calculated as one-third of rentals. Considered a reasonable approximation of interest factor.