Marathon Petroleum Corp (MPC) [Rocket]

In millions, except per share items	Dec-31-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	8-K	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Revenues:
Refining & Marketing		52,347	36,828	34,075	31,146	28,584	21,689	17,031
Midstream		2,803	2,513	2,607	2,454	2,309	2,249	2,157
Total revenues [+]	40,093	54,238	38,384	35,608	32,613	29,827	22,882	18,187
Other income		257	202	102	170	119	77	49
Revenue growth [+]	12.6%	81.8%	67.7%	95.8%	85.9%	142.5%	9.0%	-35.4%
Refining & Marketing		83.1%	69.8%	100.1%	88.6%	150.9%	1.8%	-37.0%
Midstream		21.4%	11.7%	20.9%	14.3%	17.0%	4.1%	-4.5%
Cost of goods sold	33,575	44,207	35,068	32,184	29,563	27,177	21,084	17,216
Gross profit	6,518	10,031	3,316	3,424	3,050	2,650	1,798	971
Gross margin	16.3%	18.5%	8.6%	9.6%	9.4%	8.9%	7.9%	5.3%
Selling, general and administrative [+]	763	884	795	833	874	814	737	752
Sales and marketing		694	603		681	625	575
General and administrative		190	192	1,010	193	189	162	874
Other selling, general and administrative		694	603	-177	681	625	575	-122
Equity in earnings	186	147	142	152	122	93	91	102
Other operating expenses	1,005							-1,185
EBITDA [+]		9,294	2,663	2,743	2,298	1,929	1,152	1,506
EBITDA growth	79.9%	381.8%	131.2%	82.1%	242.5%	27.6%	-124.5%	-43.1%
EBITDA margin	12.3%	17.1%	6.9%	7.7%	7.0%	6.5%	5.0%	8.3%
Depreciation and amortization		819	805	813	836	871	844	849
EBIT [+]	4,936	8,475	1,858	1,930	1,462	1,058	308	657
EBIT growth	155.8%	701.0%	503.2%	193.8%	-1019.5%	55.8%	-105.5%	-63.4%
EBIT margin	12.3%	15.6%	4.8%	5.4%	4.5%	3.5%	1.3%	3.6%
Non-recurring items [+]	11							165
Asset impairment								146
Loss (gain) on disposal of assets	11
Interest expense, net [+]		294	257	424	323	370	352	333
Interest expense		312	262	430	328	372	353	333
Interest income		18	5	6	5	2	1
Other income (expense), net [+]	-372	-165	-147	-158	-127	-95	-92	-102
Gain (loss) on sale of assets		39	-18	18			3	64
Other	105
Pre-tax income	4,553	8,016	1,454	1,348	1,012	593	-136	57
Income taxes	912	1,799	282	243	-18	5	34	-193
Tax rate	20.0%	22.4%	19.4%	18.0%		0.8%
Earnings from continuing ops	3,569	6,217	1,172	1,105	1,030	8,802	-106	824
Earnings from discontinued ops	72			0		0	0	0
Net income	3,641	6,217	1,172	1,105	1,030	8,802	-106	824
Net margin	9.1%	11.5%	3.1%	3.1%	3.2%	29.5%	-0.5%	4.5%

Basic EPS [+]	$7.68	$11.69	$2.08	$1.74	$1.63	$13.54	($0.16)	$1.27
Growth	340.4%	-13.7%	-1376.2%	37.3%	-166.6%	3089.1%	-99.5%	219.3%
Diluted EPS [+]	$7.63	$3.88	$0.69	$0.58	$1.08	$13.46	($0.16)	$1.27
Growth	1218.2%	-71.2%	-523.4%	-54.4%	-144.2%	3069.6%	-99.5%	862.9%

Dividends per share [+]		$0.58	$0.58	$0.56	$0.58	$0.58	$0.58	$0.58
Growth	-100.0%	0.0%	0.0%	-3.9%	0.0%	0.0%	0.0%	11.3%

Shares outstanding (basic) [+]	465	532	564	634	633	650	651	649
Growth	-26.7%	-18.2%	-13.4%	-2.3%	-2.6%	0.0%	0.5%	-1.5%
Shares outstanding (diluted) [+]	468	1,604	1,700	1,910	954	654	651	649
Growth	-75.5%	145.3%	161.1%	194.3%	46.7%	0.6%	0.5%	-67.3%

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