Attached files
| file | filename |
|---|---|
| EX-23.1 - EXHIBIT 23.1 KPMG CONSENT - Murphy USA Inc. | exh2312017consent.htm |
| 10-K - 10-K FORM 10-K DECEMBER 31, 2017 - Murphy USA Inc. | musa_12312017x10-kxdoc.htm |
| EX-32.2 - EXHIBIT 32.2 CFO CERTIFICATION - Murphy USA Inc. | exh322-9062017certificatio.htm |
| EX-32.1 - EXHIBIT 32.1 CEO CERTIFICATION - Murphy USA Inc. | exh321-9062017certificatio.htm |
| EX-31.2 - EXHIBIT 31.2 CFO CERTIFICATION - Murphy USA Inc. | exh312-3022017certificatio.htm |
| EX-31.1 - EXHIBIT 31.1 CEO CERTIFICATION - Murphy USA Inc. | exh311-3022017certificatio.htm |
| EX-21 - EXHIBIT 21 LIST OF SUBSIDIARIES - Murphy USA Inc. | exh212017listofsubsidiaires.htm |
Exhibit 12
Murphy USA Inc. and Consolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges (unaudited)
(Thousands of dollars)
Years Ended December 31, | |||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
Income from continuing operations before income taxes | $ | 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 | 54 | — | — | — | — | ||||||||||
Interest and expense on indebtedness, excluding capitalized interest | 50,428 | 40,041 | 33,531 | 36,646 | 14,608 | ||||||||||
Interest portion of rentals * | 4,737 | 7,728 | 7,473 | 2,842 | 2,380 | ||||||||||
Earnings before provision for taxes and fixed charges | $ | 295,242 | $ | 399,800 | $ | 259,293 | $ | 378,835 | $ | 271,182 | |||||
Interest and expense on indebtedness, excluding capitalized interest | $ | 50,428 | $ | 40,041 | $ | 33,531 | $ | 36,646 | $ | 14,608 | |||||
Capitalized interest | (3,768 | ) | (337 | ) | — | — | — | ||||||||
Interest portion of rentals * | 4,737 | 7,728 | 7,473 | 2,842 | 2,380 | ||||||||||
Total fixed charges | $ | 51,397 | $ | 47,432 | $ | 41,004 | $ | 39,488 | $ | 16,988 | |||||
Ratio of earnings to fixed charges | 5.7 | 8.4 | 6.3 | 9.6 | 16.0 | ||||||||||
* Calculated as one-third of rentals. Considered a reasonable approximation of interest factor. | |||||||||||||||