Attached files
| file | filename |
|---|---|
| EX-32.1 - EX-32.1 - Murphy USA Inc. | musa-20150331xex321.htm |
| EX-32.2 - EX-32.2 - Murphy USA Inc. | musa-20150331xex322.htm |
| EX-31.1 - EX-31.1 - Murphy USA Inc. | musa-20150331xex311.htm |
| EX-31.2 - EX-31.2 - Murphy USA Inc. | musa-20150331xex312.htm |
| EX-10.1 - EX-10.1 - Murphy USA Inc. | musa-20150331ex1012261bf.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Murphy USA Inc. | Financial_Report.xls |
| 10-Q - 10-Q - Murphy USA Inc. | musa-20150331x10q.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, 2015 |
2014 |
2013 |
2012 |
2011 |
2010 |
|||
|
Income from continuing operations before income taxes |
$ |
40,021 |
$ |
369,423 | 257,677 | 150,119 | 310,813 | 200,652 |
|
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 |
8,329 | 36,646 | 14,608 | 505 | 548 | 3,835 | ||
|
Interest portion of rentals * |
1,059 | 3,811 | 3,230 | 3,158 | 3,438 | 2,739 | ||
|
Earnings before provision for taxes and fixed charges |
$ |
49,409 |
$ |
409,880 | 275,515 | 153,782 | 314,799 | 207,226 |
|
Interest and expense on indebtedness, excluding capitalized interest |
$ |
8,329 |
$ |
36,646 | 14,608 | 505 | 548 | 3,835 |
|
Capitalized interest |
- |
- |
- |
- |
- |
- |
||
|
Interest portion of rentals * |
1,059 | 3,811 | 3,230 | 3,158 | 3,438 | 2,739 | ||
|
Total fixed charges |
$ |
9,388 |
$ |
40,457 | 17,838 | 3,663 | 3,986 | 6,574 |
|
Ratio of earnings to fixed charges |
5.3 | 10.1 | 15.4 | 42.0 | 79.0 | 31.5 | ||
|
* Calculated as one-third of rentals. Considered a reasonable approximation of interest factor. |
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