| Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Sep'09 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues (a) | |||||||||||||||||||||||||||||||||||
12,472,000 | 10,300,000 | 10,652,000 | 9,836,000 | 7,849,000 | 6,638,000 | 6,652,000 | 6,544,000 | 6,285,000 | 5,101,000 | 6,273,000 | 7,743,000 | 8,232,000 | 6,463,000 | 8,445,000 | 11,151,000 | 11,104,000 | 9,933,000 | 10,116,000 | 11,241,000 | 8,897,000 | 7,347,000 | 6,712,000 | 7,944,000 | 7,333,000 | 7,820,000 | 4,592,000 | 8,101,000 | 7,963,000 | 6,526,000 | 5,513,000 | 5,320,000 | 5,143,000 | 4,607,000 | 4,742,000 | 4,181,000 |
Costs and Expenses | |||||||||||||||||||||||||||||||||||
Cost of materials and other (excluding items shown separately below) (a) | |||||||||||||||||||||||||||||||||||
10,235,000 | 8,609,000 | 9,087,000 | 7,750,000 | 6,217,000 | 5,426,000 | 5,533,000 | 5,236,000 | 5,023,000 | 3,866,000 | 4,840,000 | 5,429,000 | 6,352,000 | 5,307,000 | 7,194,000 | 9,594,000 | 9,867,000 | 8,948,000 | 9,258,000 | 10,355,000 | 7,909,000 | 6,563,000 | 5,835,000 | 6,848,000 | 6,194,000 | 7,168,000 | 4,322,000 | 6,980,000 | 6,985,000 | 5,735,000 | 4,865,000 | 4,647,000 | 4,492,000 | 4,247,000 | 4,125,000 | 3,668,000 |
Lower of cost or market inventory valuation adjustment | |||||||||||||||||||||||||||||||||||
0 | - | - | -209,000 | 209,000 | - | -123,000 | -20,000 | -363,000 | 147,000 | 276,000 | 83,000 | 0 | -42,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating expenses (excluding depreciation and amortization) | |||||||||||||||||||||||||||||||||||
918,000 | 866,000 | 888,000 | 899,000 | 740,000 | 655,000 | 680,000 | 648,000 | 602,000 | 611,000 | 637,000 | 640,000 | 601,000 | 577,000 | 631,000 | 624,000 | 598,000 | 591,000 | 560,000 | 542,000 | 441,000 | 368,000 | 338,000 | 378,000 | 342,000 | 347,000 | 232,000 | 374,000 | 372,000 | 371,000 | 378,000 | 375,000 | 348,000 | 373,000 | 367,000 | 368,000 |
Depreciation and amortization expenses | |||||||||||||||||||||||||||||||||||
292,000 | 282,000 | 282,000 | 273,000 | 240,000 | 226,000 | 218,000 | 211,000 | 210,000 | 212,000 | 203,000 | 192,000 | 182,000 | 179,000 | 153,000 | 144,000 | 135,000 | 130,000 | 133,000 | 140,000 | 111,000 | 105,000 | 104,000 | 109,000 | 102,000 | 103,000 | 79,000 | 103,000 | 106,000 | 103,000 | 108,000 | 106,000 | 108,000 | 100,000 | 102,000 | 108,000 |
General and administrative expenses | |||||||||||||||||||||||||||||||||||
179,000 | 173,000 | 192,000 | 168,000 | 247,000 | 135,000 | 118,000 | 107,000 | 94,000 | 82,000 | 101,000 | 103,000 | 84,000 | 98,000 | 137,000 | 86,000 | 92,000 | 31,000 | 108,000 | 54,000 | 64,000 | 111,000 | 67,000 | 123,000 | 45,000 | 62,000 | 61,000 | 44,000 | 27,000 | 95,000 | 77,000 | 56,000 | 42,000 | 67,000 | 55,000 | 53,000 |
(Gain) loss on asset disposals and impairments | |||||||||||||||||||||||||||||||||||
-1,000 | 0 | -45,000 | -1,000 | 22,000 | -1,000 | -2,000 | -2,000 | -1,000 | -4,000 | -30,000 | -4,000 | -4,000 | -4,000 | -6,000 | -1,000 | -2,000 | 5,000 | -5,000 | -4,000 | -8,000 | -7,000 | -8,000 | -3,000 | -6,000 | -6,000 | -12,000 | -3,000 | -54,000 | 3,000 | -93,000 | 7,000 | 10,000 | 22,000 | 4,000 | 20,000 |
Operating Income | |||||||||||||||||||||||||||||||||||
847,000 | 370,000 | 158,000 | 954,000 | 218,000 | 195,000 | 224,000 | 360,000 | 718,000 | 179,000 | 186,000 | 1,292,000 | 1,009,000 | 340,000 | 282,000 | 702,000 | 410,000 | 238,000 | 52,000 | 146,000 | 364,000 | 193,000 | 360,000 | 483,000 | 644,000 | 134,000 | -108,000 | 597,000 | 419,000 | 219,000 | 70,000 | 129,000 | 143,000 | -202,000 | 89,000 | -36,000 |
Interest and financing costs, net | |||||||||||||||||||||||||||||||||||
109,000 | 102,000 | 148,000 | 97,000 | 96,000 | 98,000 | 84,000 | 70,000 | 60,000 | 60,000 | 54,000 | 54,000 | 54,000 | 55,000 | 67,000 | 50,000 | 41,000 | 77,000 | 39,000 | 47,000 | 33,000 | 30,000 | 29,000 | 66,000 | 34,000 | 36,000 | 39,000 | 38,000 | 60,000 | 42,000 | 41,000 | 40,000 | 37,000 | 37,000 | 35,000 | 31,000 |
Interest income | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 0 | 1,000 | - | - | - | - | - | - | - | - | - | 2,000 |
Equity in earnings of equity method investments | |||||||||||||||||||||||||||||||||||
11,000 | 10,000 | 9,000 | 11,000 | 3,000 | 0 | - | 7,000 | 3,000 | - | -2,000 | 6,000 | 2,000 | 1,000 | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Other income, net | |||||||||||||||||||||||||||||||||||
0 | 10,000 | -22,000 | -1,000 | 18,000 | 11,000 | 23,000 | 0 | 25,000 | 9,000 | 1,000 | 13,000 | 1,000 | -2,000 | 44,000 | 11,000 | 3,000 | -1,000 | -15,000 | 22,000 | 56,000 | 0 | -4,000 | -3,000 | -19,000 | 0 | - | 3,000 | 0 | - | - | - | - | - | - | - |
Earnings Before Income Taxes | |||||||||||||||||||||||||||||||||||
749,000 | 288,000 | -3,000 | 867,000 | 143,000 | 108,000 | 166,000 | 297,000 | 686,000 | 128,000 | 131,000 | 1,257,000 | 958,000 | 284,000 | 269,000 | 663,000 | 372,000 | 160,000 | 9,000 | 121,000 | 387,000 | 163,000 | 325,000 | 415,000 | 591,000 | 99,000 | -144,000 | 562,000 | 357,000 | 177,000 | 13,000 | 94,000 | 107,000 | -239,000 | 51,000 | -75,000 |
Foreign currency exchange loss | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -2,000 | - | - | 1,000 | 1,000 | - | -3,000 | -10,000 |
Interest income and other | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 4,000 | - | - | - | - |
Income tax expense | |||||||||||||||||||||||||||||||||||
167,000 | 59,000 | -911,000 | 274,000 | 56,000 | 21,000 | 65,000 | 95,000 | 237,000 | 30,000 | 48,000 | 458,000 | 334,000 | 96,000 | 110,000 | 249,000 | 132,000 | 56,000 | 3,000 | 47,000 | 138,000 | 58,000 | 119,000 | 149,000 | 222,000 | 37,000 | -56,000 | 210,000 | 135,000 | 70,000 | 10,000 | 38,000 | 40,000 | -84,000 | 18,000 | -30,000 |
Net Earnings from Continuing Operations | |||||||||||||||||||||||||||||||||||
582,000 | 229,000 | 908,000 | 593,000 | 87,000 | 87,000 | 101,000 | 202,000 | 449,000 | 98,000 | 83,000 | 799,000 | 624,000 | 188,000 | 159,000 | 414,000 | 240,000 | 104,000 | 6,000 | 74,000 | 249,000 | 105,000 | - | 266,000 | 369,000 | - | - | - | - | - | - | - | - | - | - | - |
Earnings from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||
0 | 8,000 | 0 | 8,000 | 0 | 0 | 0 | -1,000 | 0 | 11,000 | 0 | 0 | -4,000 | 0 | -27,000 | -1,000 | 0 | -1,000 | -3,000 | 35,000 | -11,000 | -1,000 | - | 14,000 | 24,000 | - | - | - | - | - | - | - | - | - | - | - |
Net Earnings | |||||||||||||||||||||||||||||||||||
582,000 | 237,000 | 908,000 | 601,000 | 87,000 | 87,000 | 101,000 | 201,000 | 449,000 | 109,000 | 83,000 | 799,000 | 620,000 | 188,000 | 132,000 | 413,000 | 240,000 | 103,000 | 3,000 | 109,000 | 238,000 | 104,000 | 35,000 | 280,000 | 393,000 | 62,000 | -118,000 | 352,000 | 222,000 | 107,000 | - | 56,000 | 67,000 | - | - | - |
Less: Net earnings from continuing operations attributable to noncontrolling interest | |||||||||||||||||||||||||||||||||||
67,000 | 65,000 | 29,000 | 42,000 | 47,000 | 37,000 | 23,000 | 32,000 | 31,000 | 40,000 | 29,000 | 40,000 | 38,000 | 43,000 | -13,000 | 17,000 | 16,000 | 25,000 | 10,000 | 10,000 | 11,000 | 11,000 | 8,000 | 7,000 | 6,000 | 6,000 | 6,000 | 7,000 | 4,000 | 0 | - | 0 | 0 | - | - | - |
Net Earnings Attributable to Andeavor | |||||||||||||||||||||||||||||||||||
515,000 | 172,000 | 879,000 | 559,000 | 40,000 | 50,000 | 78,000 | 169,000 | 418,000 | 69,000 | 54,000 | 759,000 | 582,000 | 145,000 | 145,000 | 396,000 | 224,000 | 78,000 | -7,000 | 99,000 | 227,000 | 93,000 | 27,000 | 273,000 | 387,000 | 56,000 | -124,000 | 345,000 | 218,000 | 107,000 | 3,000 | 56,000 | 67,000 | -155,000 | 33,000 | -45,000 |
Net Earnings Attributable to Andeavor | |||||||||||||||||||||||||||||||||||
Continuing operations | |||||||||||||||||||||||||||||||||||
515,000 | 164,000 | 879,000 | 551,000 | 40,000 | 50,000 | 78,000 | 170,000 | 418,000 | 58,000 | 54,000 | 759,000 | 586,000 | 145,000 | 172,000 | 397,000 | 224,000 | 79,000 | -4,000 | 64,000 | 238,000 | 94,000 | - | 259,000 | 363,000 | - | - | - | - | - | - | - | - | - | - | - |
Discontinued operations | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | -4,000 | 0 | -27,000 | -1,000 | 0 | -1,000 | -3,000 | 35,000 | -11,000 | -1,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Discontinued operations | |||||||||||||||||||||||||||||||||||
0 | 8,000 | 0 | 8,000 | 0 | 0 | - | -1,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14,000 | 24,000 | - | - | - | - | - | - | - | - | - | - | - |
Net Earnings Attributable to Andeavor | |||||||||||||||||||||||||||||||||||
515,000 | 172,000 | 879,000 | 559,000 | 40,000 | 50,000 | 78,000 | 169,000 | 418,000 | 69,000 | 54,000 | 759,000 | 582,000 | 145,000 | 145,000 | 396,000 | 224,000 | 78,000 | -7,000 | 99,000 | 227,000 | 93,000 | 27,000 | 273,000 | 387,000 | 56,000 | -124,000 | 345,000 | 218,000 | 107,000 | 3,000 | 56,000 | 67,000 | -155,000 | 33,000 | -45,000 |
Net Earnings per Share - Basic | |||||||||||||||||||||||||||||||||||
Continuing operations | |||||||||||||||||||||||||||||||||||
3.41 | 1.08 | 6.59 | 3.52 | 0.31 | 0.43 | 0.68 | 1.44 | 3.50 | 0.49 | 0.50 | 6.19 | 4.67 | 1.17 | 1.35 | 3.11 | 1.73 | 0.60 | -0.02 | 0.48 | 1.75 | 0.69 | - | 1.86 | 2.60 | - | - | - | - | - | - | - | - | - | - | - |
Discontinued operations | |||||||||||||||||||||||||||||||||||
0.00 | 0.05 | 0.01 | 0.05 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.09 | 0.00 | 0.00 | -0.03 | 0.00 | -0.21 | -0.01 | 0.00 | -0.01 | -0.02 | 0.26 | -0.08 | -0.01 | - | 0.10 | 0.17 | - | - | - | - | - | - | - | - | - | - | - |
Total | |||||||||||||||||||||||||||||||||||
3.41 | 1.13 | 6.60 | 3.57 | 0.31 | 0.43 | 0.68 | 1.43 | 3.50 | 0.58 | 0.50 | 6.19 | 4.64 | 1.17 | 1.14 | 3.10 | 1.73 | 0.59 | -0.04 | 0.74 | 1.67 | 0.68 | 0.20 | 1.96 | 2.77 | 0.40 | -0.86 | 2.42 | 1.54 | 0.76 | 0.02 | 0.40 | 0.48 | -1.11 | 0.24 | -0.33 |
Weighted average common shares outstanding - Basic | |||||||||||||||||||||||||||||||||||
151,100 | 152,900 | 155,900 | 156,600 | 130,800 | 117,100 | 116,700 | 118,200 | 119,500 | 119,600 | 119,900 | 122,500 | 125,200 | 125,200 | 125,500 | 127,900 | 129,300 | 131,300 | 132,600 | 134,600 | 135,800 | 137,000 | 138,900 | 139,600 | 139,600 | 139,500 | 138,900 | 142,500 | 142,600 | 141,600 | 141,500 | 140,900 | 140,500 | 139,500 | 138,200 | 138,000 |
Net Earnings per Share - Diluted | |||||||||||||||||||||||||||||||||||
Continuing operations | |||||||||||||||||||||||||||||||||||
3.38 | 1.07 | 6.53 | 3.49 | 0.31 | 0.42 | 0.66 | 1.43 | 3.47 | 0.48 | 0.49 | 6.13 | 4.62 | 1.15 | 1.32 | 3.06 | 1.70 | 0.59 | -0.01 | 0.46 | 1.72 | 0.68 | - | 1.82 | 2.58 | - | - | - | - | - | - | - | - | - | - | - |
Discontinued operations | |||||||||||||||||||||||||||||||||||
0.00 | 0.05 | 0.01 | 0.05 | 0.00 | 0.00 | 0.00 | -0.01 | 0.00 | 0.09 | 0.00 | 0.00 | -0.03 | 0.00 | - | -0.01 | 0.00 | -0.01 | - | 0.26 | -0.08 | -0.01 | - | 0.10 | 0.17 | - | - | - | - | - | - | - | - | - | - | - |
Total | |||||||||||||||||||||||||||||||||||
3.38 | 1.12 | 6.54 | 3.54 | 0.31 | 0.42 | 0.66 | 1.42 | 3.47 | 0.57 | 0.49 | 6.13 | 4.59 | 1.15 | 1.11 | 3.05 | 1.70 | 0.58 | -0.03 | 0.72 | 1.64 | 0.67 | 0.19 | 1.92 | 2.75 | 0.39 | -0.84 | 2.39 | 1.52 | 0.74 | 0.04 | 0.39 | 0.47 | -1.11 | 0.24 | -0.33 |
Weighted average common shares outstanding - Diluted | |||||||||||||||||||||||||||||||||||
152,600 | 153,800 | 157,600 | 157,800 | 131,700 | 118,100 | 118,500 | 119,300 | 120,600 | 121,200 | 121,400 | 123,800 | 126,300 | 126,900 | 128,200 | 129,700 | 131,500 | 133,800 | 134,600 | 136,800 | 138,200 | 139,600 | 141,600 | 142,100 | 140,500 | 141,800 | 140,700 | 144,100 | 144,400 | 144,000 | 138,400 | 142,000 | 142,500 | 139,500 | 139,700 | 138,000 |
Dividends per Share | |||||||||||||||||||||||||||||||||||
0.59 | 0.59 | 0.59 | 0.59 | 0.55 | 0.55 | 0.55 | 0.55 | 0.50 | 0.50 | 0.50 | 0.50 | 0.42 | 0.42 | 0.30 | 0.30 | 0.25 | 0.25 | 0.25 | 0.25 | 0.20 | 0.20 | 0.15 | 0.12 | 0.00 | 0.00 | - | 0.00 | - | - | - | - | - | - | 0.10 | 0.10 |
Supplemental Information | |||||||||||||||||||||||||||||||||||
Total comprehensive income | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 62,000 | - | 352,000 | 222,000 | 107,000 | - | - | - | - | - | - |
Less: Noncontrolling interest in comprehensive income | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,000 | - | 7,000 | 4,000 | 0 | - | - | - | - | - | - |
COMPREHENSIVE INCOME ATTRIBUTABLE TO TESORO CORPORATION | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 56,000 | - | 345,000 | 218,000 | 107,000 | - | - | - | - | - | - |
Includes excise taxes collected by our Marketing segment | |||||||||||||||||||||||||||||||||||
0 | 0 | 293,000 | 191,000 | 153,000 | 134,000 | 141,000 | 146,000 | 148,000 | 142,000 | 138,000 | 137,000 | 146,000 | 140,000 | 140,000 | 148,000 | 152,000 | 141,000 | 144,000 | 151,000 | 143,000 | 129,000 | 127,000 | 134,000 | 107,000 | 99,000 | 72,000 | 97,000 | 92,000 | 91,000 | 94,000 | 97,000 | 71,000 | 68,000 | 72,000 | 72,000 |