Murphy USA Inc. (MUSA) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-05-18	Dec-31-17	Dec-05-17	Dec-31-16
	10-K	10-K	10-K	10-K	8-K	10-K	8-K	10-K
Revenues:
Marketing	17,359.9	11,264.0	14,034.3	14,362.3		12,826.2		11,594.3
Renewable Identification Numbers (RINs) sales						160.3		181.2
Other						5.4		3.9
Corporate	0.6	0.3	0.3	0.6		0.4		0.3
Total revenues [+]	17,360.5	11,264.3	14,034.6	14,362.9	14,362.9	12,826.6	2,372.7	11,594.6
Products					2,423.0		2,372.7
Revenue growth [+]	54.1%	-19.7%	-2.3%	12.0%	505.3%	10.6%		-8.7%
Marketing	54.1%	-19.7%	-2.3%	12.0%		10.6%		-8.7%
Renewable Identification Numbers (RINs) sales						-11.5%
Other						38.5%
Corporate	100.0%	0.0%	-50.0%	50.0%		33.3%		4.5%
Unit growth	11.7%	0.9%	1.2%	1.8%		3.2%		4.9%
Cost of goods sold [+]	827.3	549.1	559.3	541.3	-49.3	514.9	-10,450.0	493.3
Excise and sales taxes	2,041.7	1,760.0	1,933.3	1,838.9		1,973.1		1,961.5
Gross profit	16,533.2	10,715.2	13,475.3	13,821.6	14,412.2	12,311.7	12,822.7	11,101.3
Gross margin	95.2%	95.1%	96.0%	96.2%	100.3%	96.0%	540.4%	95.7%
Selling, general and administrative	193.6	171.1	144.6	136.2	136.2	141.2	141.2	122.7
Other operating expenses	15,511.1	9,821.1	12,909.8	13,177.0	13,949.8	11,774.2	12,277.4	10,403.7
EBITDA [+]	828.5	723.0	420.9	508.4	460.2	396.3	404.1	574.9
EBITDA growth	14.6%	71.8%	-17.2%	28.3%	13.9%	-31.1%		73.2%
EBITDA margin	4.8%	6.4%	3.0%	3.5%	3.2%	3.1%	17.0%	5.0%
Depreciation and amortization	212.6	161.0	152.2	134.0	134.0	116.9	116.9	98.6
EBIT [+]	615.9	562.0	268.7	374.4	326.2	279.4	287.2	476.3
EBIT growth	9.6%	109.2%	-28.2%	34.0%	13.6%	-41.3%		94.1%
EBIT margin	3.5%	5.0%	1.9%	2.6%	2.3%	2.2%	12.1%	4.1%
Non-recurring items [+]	11.9	3.0	0.2	49.3	1.1	-3.9	3.9	88.2
Loss (gain) on sale of assets	1.5	1.3	0.1	-1.1	1.1	-3.9	3.9	88.2
Legal settlement			0.1	50.4
Interest expense, net [+]	82.3	50.2	51.7	51.4	52.9	45.4	45.4	39.1
Interest expense	82.4	51.2	54.9	52.9	52.9	46.7	46.7	39.7
Interest income	0.1	1.0	3.2	1.5		1.3	1.3	0.6
Other income (expense), net [+]	0.2	0.3	-14.4	0.2	1.7	2.2	2.2	3.1
Gain (loss) on debt retirement			-14.8
Other	0.2	0.3	0.4	0.2	0.2	2.2	2.2	3.1
Pre-tax income	521.9	509.1	202.4	273.9	273.9	240.1	240.1	352.1
Income taxes	125.0	123.0	47.6	60.3	60.3	-5.2	-5.2	130.6
Tax rate	24.0%	24.2%	23.5%	22.0%	22.0%			37.1%
Net income	396.9	386.1	154.8	213.6	213.6	245.3	245.3	221.5
Net margin	2.3%	3.4%	1.1%	1.5%	1.5%	1.9%	10.3%	1.9%

Basic EPS [+]	$15.14	$13.25	$4.90	$6.54	$6.54	$6.85	$6.85	$5.64
Growth	14.3%	170.5%	-25.1%	-4.5%	-4.5%	21.4%		147.9%
Diluted EPS [+]	$14.92	$13.08	$4.86	$6.48	$6.48	$6.78	$6.78	$5.59
Growth	14.1%	169.1%	-25.0%	-4.5%	-4.5%	21.4%		147.5%

Dividends per share [+]	$1.04	$0.24
Growth	339.8%

Shares outstanding (basic) [+]	26.2	29.1	31.6	32.7	32.7	35.8	35.8	39.3
Growth	-10.0%	-7.8%	-3.3%	-8.8%	-8.8%	-8.8%		-9.6%
Shares outstanding (diluted) [+]	26.6	29.5	31.9	33.0	33.0	36.2	36.2	39.6
Growth	-9.9%	-7.3%	-3.4%	-8.8%	-8.8%	-8.8%		-9.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.