Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - Murphy USA Inc. | ex-312.htm |
| EX-32.2 - EXHIBIT 32.2 - Murphy USA Inc. | ex-322.htm |
| EX-32.1 - EXHIBIT 32.1 - Murphy USA Inc. | ex-321.htm |
| EX-31.1 - EXHIBIT 31.1 - Murphy USA Inc. | ex-311.htm |
| 10-Q - 10-Q - Murphy USA Inc. | musa_09302015x10qxdoc.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, 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 173,788 | $ | 339,347 | $ | 254,194 | $ | 229,940 | $ | 310,409 | $ | 202,173 | ||||||||||||
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 | 25,040 | 36,646 | 14,608 | 505 | 548 | 3,835 | ||||||||||||||||||
Interest portion of rentals * | 2,402 | 2,842 | 2,380 | 2,610 | 3,015 | 2,739 | ||||||||||||||||||
Earnings before provision for taxes and fixed charges | $ | 201,230 | $ | 378,835 | $ | 271,182 | $ | 233,055 | $ | 313,972 | $ | 208,747 | ||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | 25,040 | 36,646 | 14,608 | 505 | 548 | 3,835 | ||||||||||||||||||
Capitalized interest | — | — | — | — | — | — | ||||||||||||||||||
Interest portion of rentals * | 2,402 | 2,842 | 2,380 | 2,610 | 3,015 | 2,739 | ||||||||||||||||||
Total fixed charges | $ | 27,442 | $ | 39,488 | $ | 16,988 | $ | 3,115 | $ | 3,563 | $ | 6,574 | ||||||||||||
Ratio of earnings to fixed charges | 7.3 | 9.6 | 16.0 | 74.8 | 88.1 | 31.8 | ||||||||||||||||||
* Calculated as one-third of rentals. Considered a reasonable approximation of interest factor.