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Murphy USA Inc. – ‘10-K’ for 12/31/23 – ‘EX-31.1’

On:  Thursday, 2/15/24, at 8:12pm ET   ·   As of:  2/16/24   ·   For:  12/31/23   ·   Accession #:  1573516-24-7   ·   File #:  1-35914

Previous ‘10-K’:  ‘10-K’ on 2/15/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   15 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/16/24  Murphy USA Inc.                   10-K       12/31/23  119:11M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.20M 
 2: EX-4.4      Instrument Defining the Rights of Security Holders  HTML     49K 
 3: EX-10.24    Material Contract                                   HTML     76K 
 4: EX-21       Subsidiaries List                                   HTML     35K 
 5: EX-22       Published Report re: Matters Submitted to a Vote    HTML     34K 
                of Security Holders                                              
 6: EX-23.1     Consent of Expert or Counsel                        HTML     30K 
11: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     57K 
                Awarded Compensation                                             
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     34K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     34K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     31K 
10: EX-32.2     Certification -- §906 - SOA'02                      HTML     31K 
17: R1          Cover                                               HTML     96K 
18: R2          Audit Information                                   HTML     36K 
19: R3          Consolidated Balance Sheets                         HTML    140K 
20: R4          Consolidated Balance Sheets (Parenthetical)         HTML     54K 
21: R5          Consolidated Income Statements                      HTML    124K 
22: R6          Consolidated Statements of Comprehensive Income     HTML     74K 
23: R7          Consolidated Statements of Cash Flows               HTML    104K 
24: R8          Consolidated Statements of Changes in Equity        HTML     82K 
25: R9          Consolidated Statements of Changes in Equity        HTML     32K 
                (Parenthetical)                                                  
26: R10         Description of Business and Basis of Presentation   HTML     37K 
27: R11         Significant Accounting Policies                     HTML     56K 
28: R12         Revenues                                            HTML     62K 
29: R13         Inventories                                         HTML     42K 
30: R14         Marketable Securities                               HTML     86K 
31: R15         Property, Plant and Equipment                       HTML     53K 
32: R16         Goodwill and Intangible Assets                      HTML     60K 
33: R17         Accounts Payable and Accrued Liabilities            HTML     43K 
34: R18         Long-Term Debt                                      HTML     59K 
35: R19         Asset Retirement Obligations (Aro)                  HTML     43K 
36: R20         Income Taxes                                        HTML     85K 
37: R21         Incentive Plans                                     HTML    130K 
38: R22         Employee and Retiree Benefit Plans                  HTML     38K 
39: R23         Financial Instruments and Risk Management           HTML     36K 
40: R24         Earnings Per Share                                  HTML     68K 
41: R25         Other Financial Information                         HTML     45K 
42: R26         Assets and Liabilities Measure at Fair Value        HTML    103K 
43: R27         Commitments                                         HTML     34K 
44: R28         Contingencies                                       HTML     45K 
45: R29         Leases                                              HTML    150K 
46: R30         Recent Accounting and Reporting Rules               HTML     44K 
47: R31         Business Segments                                   HTML    116K 
48: R32         Schedule II - Valuation And Qualifying Accounts     HTML     52K 
49: R33         Significant Accounting Policies (Policies)          HTML    118K 
50: R34         Revenues (Tables)                                   HTML     52K 
51: R35         Inventories (Tables)                                HTML     42K 
52: R36         Marketable Securities (Tables)                      HTML     87K 
53: R37         Property, Plant and Equipment (Tables)              HTML     52K 
54: R38         Goodwill and Intangible Assets (Tables)             HTML     64K 
55: R39         Accounts Payable And Accrued Liabilities (Tables)   HTML     43K 
56: R40         Long-Term Debt (Tables)                             HTML     45K 
57: R41         Asset Retirement Obligations (Aro) (Tables)         HTML     41K 
58: R42         Income Taxes (Tables)                               HTML     86K 
59: R43         Incentive Plans (Tables)                            HTML    126K 
60: R44         Earnings Per Share (Tables)                         HTML     67K 
61: R45         Other Financial Information (Tables)                HTML     44K 
62: R46         Assets and Liabilities Measure at Fair Value        HTML    101K 
                (Tables)                                                         
63: R47         Leases (Tables)                                     HTML    105K 
64: R48         Business Segments (Tables)                          HTML    113K 
65: R49         Description of Business and Basis of Presentation   HTML     47K 
                (Details)                                                        
66: R50         Significant Accounting Policies - Narrative         HTML     48K 
                (Details)                                                        
67: R51         Significant Accounting Policies - Stock-based       HTML     44K 
                Compensation (Details)                                           
68: R52         Revenues - Disaggregation of Revenue (Details)      HTML     58K 
69: R53         Revenues - Narrative (Details)                      HTML     50K 
70: R54         Inventories - Schedule of Inventory (Details)       HTML     42K 
71: R55         Inventories - Narrative (Details)                   HTML     36K 
72: R56         Marketable Securities - Narrative (Details)         HTML     36K 
73: R57         Marketable Securities - Schedule of Amortized Cost  HTML     73K 
                and Carrying Value of Marketable Securities                      
                (Details)                                                        
74: R58         Marketable Securities - Schedule of Amortized Cost  HTML     45K 
                Basis and Fair Value of Available-for-Sale                       
                Marketable Securities (Details)                                  
75: R59         Property, Plant and Equipment (Details)             HTML     67K 
76: R60         Goodwill and Intangible Assets - Narrative          HTML     37K 
                (Details)                                                        
77: R61         Goodwill and Intangible Assets - Schedule of        HTML     34K 
                Changes in Goodwill (Details)                                    
78: R62         Goodwill and Intangible Assets - Intangible Assets  HTML     65K 
                Subject to Amortization (Details)                                
79: R63         Accounts Payable And Accrued Liabilities (Details)  HTML     48K 
80: R64         Long-Term Debt - Schedule of Long-Term Debt         HTML     79K 
                (Details)                                                        
81: R65         Long-Term Debt - Narrative (Details)                HTML    118K 
82: R66         Asset Retirement Obligations (Aro) (Details)        HTML     40K 
83: R67         Income Taxes - Schedule of Components of Income     HTML     49K 
                Before Income Taxes And Income Tax Expense                       
                (Benefit) (Details)                                              
84: R68         Income Taxes - Schedule of Reconciliation of        HTML     44K 
                Income Taxes To Statutory Rate (Details)                         
85: R69         Income Taxes - Schedule of Deferred Tax Assets and  HTML     56K 
                Deferred Tax Liabilities (Details)                               
86: R70         Income Taxes - Reconciliation of Beginning and      HTML     38K 
                Ending Liability For Uncertain Tax Positions                     
                (Details)                                                        
87: R71         Income Taxes - Narrative (Details)                  HTML     35K 
88: R72         Incentive Plans - Narrative (Details)               HTML    129K 
89: R73         Incentive Plans - Schedule of Valuation             HTML     53K 
                Assumptions (Details)                                            
90: R74         Incentive Plans - Schedule of Changes in Stock      HTML     66K 
                Options Outstanding (Details)                                    
91: R75         Incentive Plans - Schedule of Additional Stock      HTML     70K 
                Option Information (Details)                                     
92: R76         Incentive Plans - Schedule of Restricted Stock      HTML     95K 
                Unit Activity (Details)                                          
93: R77         Incentive Plans - Schedule of Amounts Recognized    HTML     35K 
                in Financial Statements with Respect to                          
                Share-Based Plans (Details)                                      
94: R78         Employee and Retiree Benefit Plans (Details)        HTML     60K 
95: R79         Financial Instruments and Risk Management           HTML     37K 
                (Details)                                                        
96: R80         Earnings Per Share - Narrative (Details)            HTML     53K 
97: R81         Earnings Per Share - Reconciliation of Basic and    HTML     68K 
                Diluted Earnings Per Share Computations (Details)                
98: R82         Earnings Per Share - Potentially Dilutive Shares    HTML     38K 
                Excluded from Earnings Per Share (Details)                       
99: R83         Other Financial Information - Narrative (Details)   HTML     35K 
100: R84         Other Financial Information - Schedule of Changes   HTML     43K  
                in Working Capital (Details)                                     
101: R85         Assets and Liabilities Measured at Fair Value       HTML     89K  
                (Schedule of Financial Assets and Liabilities                    
                Measured at Fair Value on a Recurring Basis)                     
                (Details)                                                        
102: R86         Assets and Liabilities Measure at Fair Value -      HTML     39K  
                Schedule of Carrying Amounts and Estimated Fair                  
                Value of Financial Instruments (Details)                         
103: R87         Commitments (Details)                               HTML     43K  
104: R88         Commitments - Other Commitments (Details)           HTML     54K  
105: R89         Contingencies (Details)                             HTML     41K  
106: R90         Leases - Narrative (Details)                        HTML     47K  
107: R91         Leases - Leases Reflected on Balance Sheet          HTML     59K  
                (Details)                                                        
108: R92         Leases - Lease Cost (Details)                       HTML     41K  
109: R93         Leases - Cash Flow Information (Details)            HTML     37K  
110: R94         Leases - Maturity of Lease Liability (Details)      HTML     70K  
111: R95         Leases - Lease Term and Discount Rate (Details)     HTML     41K  
112: R96         Business Segments - Narrative (Details)             HTML     32K  
113: R97         Business Segments - Schedule of Segment             HTML     95K  
                Information (Details)                                            
114: R98         Schedule II - Valuation And Qualifying Accounts     HTML     39K  
                (Details)                                                        
116: XML         IDEA XML File -- Filing Summary                      XML    210K  
119: XML         XBRL Instance -- musa-20231231_htm                   XML   2.67M  
115: EXCEL       IDEA Workbook of Financial Report Info              XLSX    206K  
13: EX-101.CAL  XBRL Calculations -- musa-20231231_cal               XML    287K 
14: EX-101.DEF  XBRL Definitions -- musa-20231231_def                XML    733K 
15: EX-101.LAB  XBRL Labels -- musa-20231231_lab                     XML   2.25M 
16: EX-101.PRE  XBRL Presentations -- musa-20231231_pre              XML   1.31M 
12: EX-101.SCH  XBRL Schema -- musa-20231231                         XSD    230K 
117: JSON        XBRL Instance as JSON Data -- MetaLinks              659±   988K  
118: ZIP         XBRL Zipped Folder -- 0001573516-24-000007-xbrl      Zip    707K  


‘EX-31.1’   —   Certification — §302 – SOA’02


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EXHIBIT 31.1
CERTIFICATION PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, R. Andrew Clyde, certify that:

1. I have reviewed this annual report on Form 10-K of Murphy USA Inc;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and we have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

    a)    all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

    b)    any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.


Date: February 15, 2024

/s/  R. Andrew Clyde_____
R. Andrew Clyde
Principal Executive Officer
Ex. 31.1

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed as of:2/16/24
Filed on:2/15/24
For Period end:12/31/235
 List all Filings 


15 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/03/23  Murphy USA Inc.                   10-Q        6/30/23   95:10M
 5/09/23  Murphy USA Inc.                   S-8         5/09/23    6:246K
 5/04/23  Murphy USA Inc.                   10-Q        3/31/23   91:10M
 2/15/23  Murphy USA Inc.                   10-K       12/31/22  127:12M
 3/18/22  Murphy USA Inc.                   8-K:5,9     3/16/22   11:11M
 2/19/21  Murphy USA Inc.                   10-K       12/31/20  108:10M
 2/01/21  Murphy USA Inc.                   8-K:2,7,8,9 1/29/21   15:4.2M                                   Davis Polk & … LLP 01/FA
 9/13/19  Murphy USA Inc.                   8-K:2,8,9   9/13/19   17:33M
 2/19/19  Murphy USA Inc.                   10-K       12/31/18  101:17M
 4/25/17  Murphy USA Inc.                   8-K:8,9     4/25/17    7:1M                                     Davis Polk & … LLP 01/FA
 2/22/17  Murphy USA Inc.                   10-K       12/31/16  107:18M
11/08/13  Murphy USA Inc.                   10-Q        9/30/13   84:9.4M
 9/12/13  Murphy USA Inc.                   S-8         9/12/13    6:921K
 9/05/13  Murphy USA Inc.                   8-K:1,2,5,8 9/05/13   12:4.6M
 8/22/13  Murphy USA Inc.                   8-K:5,9     8/22/13    2:155K
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Filing Submission 0001573516-24-000007   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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