Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 CFO CERTIFICATION - Murphy USA Inc. | ex-322_03312016.htm |
| EX-32.1 - EXHIBIT 32.1 CEO CERTIFICATION - Murphy USA Inc. | ex-321_03312016.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - Murphy USA Inc. | ex-312_03312016.htm |
| 10-Q - 10-Q Q1 2016 FORM - Murphy USA Inc. | musa_03312016x10qxdoc.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - Murphy USA Inc. | ex-311_03312016.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, 2016 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Income from continuing operations before income taxes | $ | 139,345 | $ | 218,289 | $ | 339,347 | $ | 254,194 | $ | 229,940 | $ | 310,409 | ||||||||||||
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 | 9,388 | 33,531 | 36,646 | 14,608 | 505 | 548 | ||||||||||||||||||
Interest portion of rentals * | 1,979 | 7,473 | 2,842 | 2,380 | 2,610 | 3,015 | ||||||||||||||||||
Earnings before provision for taxes and fixed charges | $ | 150,712 | $ | 259,293 | $ | 378,835 | $ | 271,182 | $ | 233,055 | $ | 313,972 | ||||||||||||
Interest and expense on indebtedness, excluding capitalized interest | 9,388 | 33,531 | 36,646 | 14,608 | 505 | 548 | ||||||||||||||||||
Capitalized interest | — | — | — | — | — | — | ||||||||||||||||||
Interest portion of rentals * | 1,979 | 7,473 | 2,842 | 2,380 | 2,610 | 3,015 | ||||||||||||||||||
Total fixed charges | $ | 11,367 | $ | 41,004 | $ | 39,488 | $ | 16,988 | $ | 3,115 | $ | 3,563 | ||||||||||||
Ratio of earnings to fixed charges | 13.3 | 6.3 | 9.6 | 16.0 | 74.8 | 88.1 | ||||||||||||||||||
* Calculated as one-third of rentals. Considered a reasonable approximation of interest factor.