Valero Energy Corporation(NYSE:VLO) 
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and g...
Website: http://www.valero.com
Founded: 1980
Full Time Employees: 10,222
Sector: Energy
Industry: Oil & Gas Refining & Marketing
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At a glance:
- Scale, Complexity, and Operational Reliability Drive Results: Valero’s earnings and cash generation are heavily influenced by refinery utilization, unplanned downtime, and the ability to run complex configurations that capture higher margins.
- Refining Margins Are the Primary Earnings Volatility Lever: Profitability is largely tied to crack spreads and product differentials, which can swing with global supply/demand, seasonal patterns, and regional dislocations.
- Advantaged Feedstock Access and Logistics Matter: Access to discounted crude/feedstocks, strong midstream/logistics positioning, and proximity to key product markets can materially improve realized margins versus peers.
- Capital Returns Often Anchor the Equity Story: Valero has historically emphasized returning cash through dividends and share repurchases, with the pace linked to margin cycles, balance sheet targets, and maintenance capex needs.
- Energy Transition Exposure Includes Renewable Diesel and Regulatory Risk: The company has renewable fuels initiatives, but results can be sensitive to policy incentives (e.g., RINs/LCFS), compliance costs, and evolving emissions regulations.
Bull Thesis:
- Robust Refining Margins (Crack Spreads): Valero benefits significantly from strong crack spreads, driven by global demand for refined products (gasoline, diesel, jet fuel) outpacing supply. Refinery closures and underinvestment in new capacity globally contribute to a favorable pricing environment for existing refiners.
- Strategic Asset Base and Complexity: Valero's strategically located refineries, primarily on the U.S. Gulf Coast and Mid-Continent, provide access to cheaper crude feedstocks (e.g., WTI, Canadian heavy) and efficient logistics for product distribution and exports. Their complex refineries can process a wider range of crudes, enhancing profitability and operational flexibility.
- Strong Shareholder Returns: Valero has a consistent track record of returning capital to shareholders through a competitive dividend yield and opportunistic share buybacks. This commitment to shareholder value makes it attractive to income-focused investors and can provide support during market fluctuations.
- Growth in Renewable Fuels Segment: Valero is a leading producer of renewable diesel through its Diamond Green Diesel joint venture. This segment benefits from strong government incentives, growing demand for lower-carbon fuels, and provides a diversified growth engine that aligns with long-term energy transition trends.
Bear Thesis:
- Highly Cyclical Industry: The refining industry is inherently cyclical. Crack spreads can compress rapidly due to factors like economic slowdowns reducing demand, increased global refining capacity, or shifts in crude oil pricing dynamics, leading to significant volatility in Valero's earnings and cash flow.
- Regulatory and Environmental Risks: Increasing environmental regulations, such as stricter emissions standards, carbon taxes, or mandates for lower-carbon fuels, could lead to higher operating costs, require substantial capital expenditures for compliance, and potentially limit future growth opportunities for traditional refining operations.
- Long-term Demand Destruction from Energy Transition: The global push towards electric vehicles, renewable energy sources, and improved fuel efficiency poses a long-term structural threat to demand for traditional refined petroleum products. While the transition will take time, it represents a secular headwind for the refining sector.
- Crude Oil Price Volatility and Inventory Risk: While Valero benefits from crack spreads, extreme volatility in crude oil prices can create inventory valuation losses (LIFO impact) or hedging challenges. Sudden and sharp movements in crude prices can negatively impact profitability, especially if not managed effectively.
Main Competitors:
- Marathon Petroleum Corporation ($MPC) (Refined petroleum products, retail fuel), Competes directly with Valero in the refining, marketing, and distribution of transportation fuels (gasoline, diesel, jet fuel) across various regions in the U.S. Both companies vie for market share in wholesale fuel supply and have significant logistics assets. MPC is the largest refiner in the U.S. by capacity.
- Phillips 66 ($PSX) (Refined petroleum products, midstream, chemicals), A major independent refiner and marketer of petroleum products, competing with Valero for refining margins, market share in gasoline, diesel, and jet fuel, and access to crude oil feedstocks. They also have significant midstream and chemicals operations that complement their refining business.
- ExxonMobil Corporation ($XOM) (Integrated oil and gas products, including refined fuels), As an integrated oil major, ExxonMobil operates a vast global refining network, competing with Valero for market share in refined products, particularly in regions where both have refining assets. They also compete for crude oil feedstocks and have a strong brand presence in retail fuel sales.
- HF Sinclair Corporation ($DINO) (Refined petroleum products, lubricants, renewable fuels), Competes with Valero in the refining and marketing of transportation fuels, particularly in the Mid-Continent, Southwest, and Rocky Mountain regions. HF Sinclair also has a growing presence in renewable fuels and lubricants, areas where Valero is also expanding its operations.
Moat:
Valero Energy Corporation operates in a highly competitive and cyclical industry where refined products are largely commodities. Its moat primarily stems from its scale, geographic diversification of its refining assets across multiple PADDs (Petroleum Administration for Defense Districts), and the complexity of its refineries, which allows it to process cheaper, heavier, and sour crude oils into high-value products. Valero also benefits from its extensive logistics infrastructure and its growing presence in renewable fuels. Competition is intense, primarily on price, efficiency, and logistics, with rivals vying for market share, access to advantageous crude oil feedstocks, and optimal refinery utilization. The industry also faces long-term competitive pressures from the energy transition and evolving environmental regulations.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2004-12-31 | 2003-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 32,168,000,000 | 29,889,000,000 | 30,258,000,000 | 30,756,000,000 | 32,876,000,000 | 34,490,000,000 | 31,759,000,000 | 35,414,000,000 | 38,404,000,000 | 34,509,000,000 | 36,439,000,000 | 41,746,000,000 | 44,454,000,000 | 51,641,000,000 | 38,542,000,000 | 35,903,000,000 | 29,520,000,000 | 27,748,000,000 | 20,806,000,000 | 16,604,000,000 | 15,809,000,000 | 10,397,000,000 | 22,102,000,000 | 27,879,000,000 | 27,249,000,000 | 28,933,000,000 | 24,263,000,000 | 28,730,000,000 | 30,849,000,000 | 31,015,000,000 | 26,439,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | -2.15% | -13.34% | -4.73% | -13.15% | -14.39% | -0.06% | -12.84% | -15.17% | -13.61% | -33.18% | -5.46% | 16.27% | 50.59% | 86.11% | 85.24% | 116.23% | 86.73% | 166.88% | -5.86% | -40.44% | -41.98% | -64.07% | -8.91% | -2.96% | -11.67% | -6.71% | -8.23% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 7.62% | -1.22% | -1.62% | -6.45% | -4.68% | 8.60% | -10.32% | -7.79% | 11.29% | -5.30% | -12.71% | -6.09% | -13.92% | 33.99% | 7.35% | 21.62% | 6.39% | 33.37% | 25.31% | 5.03% | 52.05% | -52.96% | -20.72% | 2.31% | -5.82% | 19.25% | -15.55% | -6.87% | -0.54% | 17.31% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of materials and other | 27,958,000,000 | 26,332,000,000 | 27,548,000,000 | 27,926,000,000 | 29,965,000,000 | 30,943,000,000 | 27,682,000,000 | 31,267,000,000 | 32,385,000,000 | 29,430,000,000 | 30,005,000,000 | 34,811,000,000 | 38,064,000,000 | 42,946,000,000 | 34,949,000,000 | 31,849,000,000 | 26,624,000,000 | 25,249,000,000 | 18,992,000,000 | 15,101,000,000 | 14,801,000,000 | 9,079,000,000 | 19,952,000,000 | 24,080,000,000 | 24,335,000,000 | 26,083,000,000 | 21,978,000,000 | 25,415,000,000 | 27,701,000,000 | 27,860,000,000 | 23,756,000,000 | 23,671,000,000 | 20,329,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | 1,614,000,000 | 1,522,000,000 | 1,523,000,000 | 1,514,000,000 | 1,482,000,000 | 1,424,000,000 | 1,411,000,000 | 1,594,000,000 | 1,578,000,000 | 1,440,000,000 | 1,477,000,000 | 1,638,000,000 | 1,746,000,000 | 1,626,000,000 | 1,379,000,000 | 1,558,000,000 | 1,348,000,000 | 1,214,000,000 | 1,656,000,000 | 1,167,000,000 | 1,117,000,000 | 1,027,000,000 | 1,124,000,000 | 1,239,000,000 | 1,239,000,000 | 1,175,000,000 | 1,215,000,000 | 1,251,000,000 | 1,193,000,000 | 1,110,000,000 | 1,136,000,000 | 1,123,000,000 | 1,125,000,000 | 1,097,000,000 | 1,117,000,000 | 1,114,000,000 | 1,062,000,000 | 1,001,000,000 | 1,030,000,000 | 847,000,000 | 912,000,000 | 533,000,000 | 923,000,000 | 1,015,000,000 | |||||||||||||||||||||||||||||||||||||||
depreciation and amortization expense | 824,000,000 | 786,000,000 | 680,000,000 | 687,000,000 | 675,000,000 | 684,000,000 | 683,000,000 | 679,000,000 | 671,000,000 | 658,000,000 | 650,000,000 | 622,000,000 | 621,000,000 | 590,000,000 | 595,000,000 | 586,000,000 | 630,000,000 | 576,000,000 | 566,000,000 | 566,000,000 | 602,000,000 | 566,000,000 | 569,000,000 | 557,000,000 | 556,000,000 | 552,000,000 | 537,000,000 | 518,000,000 | 504,000,000 | 510,000,000 | 485,000,000 | 477,000,000 | 484,000,000 | 499,000,000 | 500,000,000 | 468,000,000 | 470,000,000 | 471,000,000 | 485,000,000 | 494,000,000 | 482,000,000 | 425,000,000 | 441,000,000 | 425,000,000 | 430,000,000 | 414,000,000 | 421,000,000 | 437,000,000 | 448,000,000 | 405,000,000 | 430,000,000 | 402,000,000 | 402,000,000 | 386,000,000 | 384,000,000 | 393,000,000 | 390,000,000 | 386,000,000 | 365,000,000 | 372,000,000 | 367,000,000 | 357,000,000 | 272,000,000 | 389,000,000 | 389,000,000 | 378,000,000 | 370,000,000 | 370,000,000 | 369,000,000 | 367,000,000 | 541,000,000 | 285,000,000 | 337,000,000 | 334,000,000 | 308,000,000 | 294,000,000 | 293,000,000 | 260,000,000 | 260,000,000 | 232,000,000 | 197,000,000 | ||
total cost of sales | 30,396,000,000 | 28,640,000,000 | 29,751,000,000 | 30,127,000,000 | 32,122,000,000 | 33,051,000,000 | 29,776,000,000 | 33,540,000,000 | 34,634,000,000 | 31,528,000,000 | 32,132,000,000 | 37,071,000,000 | 40,431,000,000 | 45,162,000,000 | 36,923,000,000 | 33,993,000,000 | 28,602,000,000 | 27,039,000,000 | 21,214,000,000 | 16,834,000,000 | 16,207,000,000 | 8,424,000,000 | 24,187,000,000 | 25,876,000,000 | 26,130,000,000 | 27,810,000,000 | 23,730,000,000 | 27,184,000,000 | 29,398,000,000 | 29,480,000,000 | 25,377,000,000 | 25,271,000,000 | 21,938,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment loss | 1,131,000,000 | 56,000,000 | 239,000,000 | 345,000,000 | 611,000,000 | 2,000,000 | -345,000,000 | 417,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 34,000,000 | 15,000,000 | 6,000,000 | 2,000,000 | 10,000,000 | 26,000,000 | 6,000,000 | 15,000,000 | 19,000,000 | 18,000,000 | 19,000,000 | 12,000,000 | 38,000,000 | 5,000,000 | 25,000,000 | 3,000,000 | 2,000,000 | 7,000,000 | 10,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 10,000,000 | 21,000,000 | 10,000,000 | 17,000,000 | 44,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 246,000,000 | 220,000,000 | 261,000,000 | 266,000,000 | 234,000,000 | 203,000,000 | 258,000,000 | 295,000,000 | 250,000,000 | 209,000,000 | 244,000,000 | 282,000,000 | 214,000,000 | 233,000,000 | 205,000,000 | 286,000,000 | 195,000,000 | 176,000,000 | 208,000,000 | 224,000,000 | 186,000,000 | 169,000,000 | 177,000,000 | 243,000,000 | 217,000,000 | 199,000,000 | 209,000,000 | 230,000,000 | 209,000,000 | 248,000,000 | 238,000,000 | 238,000,000 | 229,000,000 | 178,000,000 | 190,000,000 | 208,000,000 | 192,000,000 | 159,000,000 | 156,000,000 | 206,000,000 | 179,000,000 | 178,000,000 | 147,000,000 | 214,000,000 | 180,000,000 | 170,000,000 | 160,000,000 | 179,000,000 | 170,000,000 | 233,000,000 | 176,000,000 | 189,000,000 | 174,000,000 | 171,000,000 | 164,000,000 | 129,000,000 | 161,000,000 | 151,000,000 | 130,000,000 | 139,000,000 | 131,000,000 | 97,000,000 | 137,000,000 | 167,000,000 | 124,000,000 | 145,000,000 | 138,000,000 | 169,000,000 | 117,000,000 | 135,000,000 | 180,000,000 | 136,000,000 | 177,000,000 | 145,000,000 | 140,000,000 | 136,000,000 | 171,000,000 | 151,000,000 | 155,000,000 | 129,000,000 | 91,000,000 | ||
operating income | 1,509,000,000 | 997,000,000 | -900,000,000 | 348,000,000 | 507,000,000 | 1,221,000,000 | 1,679,000,000 | 1,553,000,000 | 3,503,000,000 | 2,759,000,000 | 4,043,000,000 | 4,295,000,000 | 3,792,000,000 | 6,219,000,000 | 1,384,000,000 | 1,594,000,000 | 693,000,000 | 509,000,000 | -666,000,000 | -470,000,000 | -621,000,000 | 1,789,000,000 | -2,277,000,000 | 1,739,000,000 | 881,000,000 | 908,000,000 | 308,000,000 | 1,299,000,000 | 1,219,000,000 | 1,253,000,000 | 801,000,000 | 853,000,000 | 1,338,000,000 | 871,000,000 | 537,000,000 | 620,000,000 | 892,000,000 | 1,231,000,000 | 829,000,000 | 646,000,000 | 2,139,000,000 | 2,078,000,000 | 1,495,000,000 | 1,796,000,000 | 1,670,000,000 | 1,085,000,000 | 1,350,000,000 | 1,562,000,000 | 532,000,000 | 808,000,000 | 1,061,000,000 | 1,584,000,000 | 1,309,000,000 | 1,361,000,000 | -244,000,000 | 167,000,000 | 1,979,000,000 | 1,290,000,000 | 244,000,000 | 571,000,000 | 921,000,000 | -32,000,000 | 445,000,000 | -693,000,000 | -317,000,000 | 507,000,000 | -2,907,000,000 | 1,840,000,000 | 1,158,000,000 | 472,000,000 | 620,000,000 | 2,261,000,000 | 3,193,000,000 | 1,765,000,000 | 1,480,000,000 | 2,333,000,000 | 2,864,000,000 | 1,333,000,000 | 1,997,000,000 | 1,311,000,000 | 1,305,000,000 | ||
yoy | 197.63% | -18.35% | -153.60% | -77.59% | -85.53% | -55.74% | -58.47% | -63.84% | -7.62% | -55.64% | 192.12% | 169.45% | 447.19% | 1121.81% | -307.81% | -439.15% | -211.59% | -71.55% | -70.75% | -127.03% | -170.49% | 97.03% | -839.29% | 33.87% | -27.73% | -27.53% | -61.55% | 52.29% | -8.89% | 43.86% | 49.16% | 37.58% | 50.00% | -29.24% | -35.22% | -4.02% | -58.30% | -40.76% | -44.55% | -64.03% | 28.08% | 91.52% | 10.74% | 14.98% | 213.91% | 34.28% | 27.24% | -1.39% | -59.36% | -40.63% | -534.84% | 848.50% | -33.86% | 5.50% | -200.00% | -70.75% | 114.88% | -4131.25% | -45.17% | -182.40% | -390.54% | -106.31% | -115.31% | -137.66% | -127.37% | 7.42% | -568.87% | -18.62% | -63.73% | -73.26% | -58.11% | -3.09% | 11.49% | 32.41% | -25.89% | 77.96% | 119.46% | ||||||
qoq | 51.35% | -210.78% | -358.62% | -31.36% | -58.48% | -27.28% | 8.11% | -55.67% | 26.97% | -31.76% | -5.87% | 13.26% | -39.03% | 349.35% | -13.17% | 130.01% | 36.15% | -176.43% | 41.70% | -24.32% | -134.71% | -178.57% | -230.94% | 97.39% | -2.97% | 194.81% | -76.29% | 6.56% | -2.71% | 56.43% | -6.10% | -36.25% | 53.62% | 62.20% | -13.39% | -30.49% | -27.54% | 48.49% | 28.33% | -69.80% | 2.94% | 39.00% | -16.76% | 7.54% | 53.92% | -19.63% | -13.57% | 193.61% | -34.16% | -23.85% | -33.02% | 21.01% | -3.82% | -657.79% | -246.11% | -91.56% | 53.41% | 428.69% | -57.27% | -38.00% | -2978.13% | -107.19% | -164.21% | 118.61% | -162.52% | -117.44% | -257.99% | 58.89% | 145.34% | -23.87% | -72.58% | -29.19% | 80.91% | 19.26% | -36.56% | -18.54% | 114.85% | -33.25% | 52.33% | 0.46% | |||
operating margin % | 4.69% | 3.34% | -2.97% | 1.13% | 1.54% | 3.54% | 5.29% | 4.39% | 9.12% | 8.00% | 11.10% | 10.29% | 8.53% | 12.04% | 3.59% | 4.44% | 2.35% | 1.83% | -3.20% | -2.83% | -3.93% | 17.21% | -10.30% | 6.24% | 3.23% | 3.14% | 1.27% | 4.52% | 3.95% | 4.04% | 3.03% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | ||
other income | 86,000,000 | 86,000,000 | 120,000,000 | 110,000,000 | 123,000,000 | 122,000,000 | 144,000,000 | 145,000,000 | 122,000,000 | 106,000,000 | 129,000,000 | 92,000,000 | 74,000,000 | 33,000,000 | -20,000,000 | -163,000,000 | 32,000,000 | 102,000,000 | 45,000,000 | 25,000,000 | 48,000,000 | 27,000,000 | 32,000,000 | 36,000,000 | 34,000,000 | 12,000,000 | 22,000,000 | 42,000,000 | 42,000,000 | -5,000,000 | 51,000,000 | 26,000,000 | 17,000,000 | 16,000,000 | 17,000,000 | 21,000,000 | 12,000,000 | 14,000,000 | 9,000,000 | 11,000,000 | 3,000,000 | 8,000,000 | 24,000,000 | 9,000,000 | 11,000,000 | 12,000,000 | 15,000,000 | 17,000,000 | 17,000,000 | 11,000,000 | 14,000,000 | 10,000,000 | -2,000,000 | -5,000,000 | 6,000,000 | 15,000,000 | 1,000,000 | 10,000,000 | 17,000,000 | 18,000,000 | 1,000,000 | 11,000,000 | 33,000,000 | 9,000,000 | -24,000,000 | -1,000,000 | 42,000,000 | 36,000,000 | 15,000,000 | 20,000,000 | 29,000,000 | 143,000,000 | 7,000,000 | 5,000,000 | 213,000,000 | 143,000,000 | 57,000,000 | 11,000,000 | |||||
interest and debt expense, net of capitalized interest | -139,000,000 | -141,000,000 | -137,000,000 | -135,000,000 | -141,000,000 | -140,000,000 | -140,000,000 | -149,000,000 | -149,000,000 | -148,000,000 | -146,000,000 | -137,000,000 | -138,000,000 | -142,000,000 | -145,000,000 | -152,000,000 | -152,000,000 | -150,000,000 | -149,000,000 | -153,000,000 | -143,000,000 | -142,000,000 | -125,000,000 | -119,000,000 | -111,000,000 | -112,000,000 | -112,000,000 | -114,000,000 | -111,000,000 | -124,000,000 | -121,000,000 | -114,000,000 | -114,000,000 | -119,000,000 | -121,000,000 | -112,000,000 | -115,000,000 | -111,000,000 | -108,000,000 | -107,000,000 | -112,000,000 | -113,000,000 | -101,000,000 | -101,000,000 | -98,000,000 | -98,000,000 | -100,000,000 | -102,000,000 | -102,000,000 | -78,000,000 | -83,000,000 | -70,000,000 | -70,000,000 | -74,000,000 | -99,000,000 | -89,000,000 | -88,000,000 | -107,000,000 | |||||||||||||||||||||||||
income before income tax expense | 1,456,000,000 | 942,000,000 | -917,000,000 | 323,000,000 | 489,000,000 | 1,203,000,000 | 1,683,000,000 | 1,549,000,000 | 3,476,000,000 | 2,717,000,000 | 4,026,000,000 | 4,250,000,000 | 3,728,000,000 | 6,110,000,000 | 457,500,000 | 804,000,000 | 808,000,000 | 218,000,000 | 751,250,000 | 1,150,000,000 | 1,124,000,000 | 731,000,000 | 610,500,000 | 1,241,000,000 | 768,000,000 | 433,000,000 | 663,250,000 | 789,000,000 | 1,134,000,000 | 730,000,000 | 1,265,000,000 | 545,000,000 | 447,000,000 | 741,000,000 | 992,000,000 | 427,000,000 | 1,711,000,000 | 1,641,000,000 | 2,439,000,000 | 2,823,000,000 | 1,286,000,000 | 1,988,000,000 | 1,268,000,000 | 1,241,000,000 | |||||||||||||||||||||||||||||||||||||||
income tax expense | 390,000,000 | 279,000,000 | -265,000,000 | -34,000,000 | 96,000,000 | 277,000,000 | 353,000,000 | 331,000,000 | 813,000,000 | 595,000,000 | 880,000,000 | 1,018,000,000 | 816,000,000 | 1,342,000,000 | 94,000,000 | 165,000,000 | 160,000,000 | 51,000,000 | 168,500,000 | 276,000,000 | 249,000,000 | 149,000,000 | 171,500,000 | 378,000,000 | 196,000,000 | 112,000,000 | 113,000,000 | 144,000,000 | 291,000,000 | 217,000,000 | 155,000,000 | 657,000,000 | 608,000,000 | 450,000,000 | 484,000,000 | 521,000,000 | 343,000,000 | 429,000,000 | 515,000,000 | 123,000,000 | 276,000,000 | 340,000,000 | 515,000,000 | 564,000,000 | 452,000,000 | 95,000,000 | 48,000,000 | 689,000,000 | 449,000,000 | 40,000,000 | 178,000,000 | 276,000,000 | -47,000,000 | 118,000,000 | 334,000,000 | 643,000,000 | 356,000,000 | 134,000,000 | 54,000,000 | 808,000,000 | 1,055,000,000 | 567,000,000 | 527,000,000 | 836,000,000 | 926,000,000 | 437,000,000 | 641,000,000 | 406,000,000 | 394,000,000 | ||||||||||||||
net income | 1,066,000,000 | 663,000,000 | -652,000,000 | 357,000,000 | 393,000,000 | 926,000,000 | 1,330,000,000 | 1,218,000,000 | 2,663,000,000 | 2,122,000,000 | 3,146,000,000 | 3,232,000,000 | 2,912,000,000 | 4,768,000,000 | 967,000,000 | 1,110,000,000 | 508,000,000 | 292,000,000 | -622,000,000 | -309,000,000 | -379,000,000 | 1,335,000,000 | -1,754,000,000 | 1,330,000,000 | 639,000,000 | 648,000,000 | 167,000,000 | 1,022,000,000 | 874,000,000 | 875,000,000 | 582,000,000 | 2,400,000,000 | 863,000,000 | 572,000,000 | 321,000,000 | 416,000,000 | 645,000,000 | 843,000,000 | 513,000,000 | 395,000,000 | 1,373,000,000 | 1,365,000,000 | 968,000,000 | 1,220,000,000 | 1,062,000,000 | 593,000,000 | 836,000,000 | 1,287,000,000 | 324,000,000 | 465,000,000 | 652,000,000 | 1,009,000,000 | 673,000,000 | 830,000,000 | -432,000,000 | 45,000,000 | 1,203,000,000 | 743,000,000 | 98,000,000 | 292,000,000 | 583,000,000 | -113,000,000 | -1,408,000,000 | -629,000,000 | -254,000,000 | 309,000,000 | -3,278,000,000 | 1,152,000,000 | 734,000,000 | 261,000,000 | 885,000,000 | 1,603,000,000 | 2,249,000,000 | 1,144,000,000 | 1,114,000,000 | 1,603,000,000 | 1,897,000,000 | 849,000,000 | 1,347,000,000 | 862,000,000 | 847,000,000 | ||
yoy | 171.25% | -28.40% | -149.02% | -70.69% | -85.24% | -56.36% | -57.72% | -62.31% | -8.55% | -55.49% | 225.34% | 191.17% | 473.23% | 1532.88% | -255.47% | -459.22% | -234.04% | -78.13% | -64.54% | -123.23% | -159.31% | 106.02% | -1150.30% | 30.14% | -26.89% | -25.94% | -71.31% | -57.42% | 1.27% | 52.97% | 81.31% | 476.92% | 33.80% | -32.15% | -37.43% | 5.32% | -53.02% | -38.24% | -47.00% | -67.62% | 29.28% | 130.19% | 15.79% | -5.21% | 227.78% | 27.53% | 28.22% | 27.55% | -51.86% | -43.98% | -250.93% | 2142.22% | -44.06% | 11.71% | -540.82% | -84.59% | 106.35% | -757.52% | -106.96% | -146.42% | -329.53% | -136.57% | -57.05% | -154.60% | -134.60% | 18.39% | -470.40% | -28.13% | -67.36% | -77.19% | -20.56% | 0.00% | 18.56% | 34.75% | -17.30% | 85.96% | 123.97% | ||||||
qoq | 60.78% | -201.69% | -282.63% | -9.16% | -57.56% | -30.38% | 9.20% | -54.26% | 25.49% | -32.55% | -2.66% | 10.99% | -38.93% | 393.07% | -12.88% | 118.50% | 73.97% | -146.95% | 101.29% | -18.47% | -128.39% | -176.11% | -231.88% | 108.14% | -1.39% | 288.02% | -83.66% | 16.93% | -0.11% | 50.34% | -75.75% | 178.10% | 50.87% | 78.19% | -22.84% | -35.50% | -23.49% | 64.33% | 29.87% | -71.23% | 0.59% | 41.01% | -20.66% | 14.88% | 79.09% | -29.07% | -35.04% | 297.22% | -30.32% | -28.68% | -35.38% | 49.93% | -18.92% | -292.13% | -1060.00% | -96.26% | 61.91% | 658.16% | -66.44% | -49.91% | -615.93% | -91.97% | 123.85% | 147.64% | -182.20% | -109.43% | -384.55% | 56.95% | 181.23% | -70.51% | -44.79% | -28.72% | 96.59% | 2.69% | -30.51% | -15.50% | 123.44% | -36.97% | 56.26% | 1.77% | |||
net income margin % | 3.31% | 2.22% | -2.15% | 1.16% | 1.20% | 2.68% | 4.19% | 3.44% | 6.93% | 6.15% | 8.63% | 7.74% | 6.55% | 9.23% | 2.51% | 3.09% | 1.72% | 1.05% | -2.99% | -1.86% | -2.40% | 12.84% | -7.94% | 4.77% | 2.35% | 2.24% | 0.69% | 3.56% | 2.83% | 2.82% | 2.20% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | ||
less: net income attributable to noncontrolling interests | -29,000,000 | -51,000,000 | -57,000,000 | 76,000,000 | 29,000,000 | 46,000,000 | 85,000,000 | 16,000,000 | 41,000,000 | 178,000,000 | 79,000,000 | 119,000,000 | 95,000,000 | 75,000,000 | 62,000,000 | 101,000,000 | 45,000,000 | 130,000,000 | 82,000,000 | 50,000,000 | 85,000,000 | 82,000,000 | 97,000,000 | 270,000,000 | 30,000,000 | 36,000,000 | 26,000,000 | 70,000,000 | 18,000,000 | 30,000,000 | 113,000,000 | 29,000,000 | 22,000,000 | 24,000,000 | 16,000,000 | 49,000,000 | 32,000,000 | 29,000,000 | 18,000,000 | 97,000,000 | -4,000,000 | 14,000,000 | 4,000,000 | 65,000,000 | 3,000,000 | 5,000,000 | 8,000,000 | -1,000,000 | 12,000,000 | -1,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||
net income attributable to valero energy corporationstockholders | 1,095,000,000 | 714,000,000 | -595,000,000 | 2,103,750,000 | 2,817,000,000 | 4,693,000,000 | 905,000,000 | -19,750,000 | 463,000,000 | 162,000,000 | 358,000,000 | 312,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share | 3,540,000 | 2,280,000 | -1,900,000 | 920,000 | 1,140,000 | 2,710,000 | 3,750,000 | 3,710,000 | 7,490,000 | 5,410,000 | 8,300,000 | 8,110,000 | 7,200,000 | 11,580,000 | 2,210,000 | 2,470,000 | 1,130,000 | 390,000 | -880,000 | -1,140,000 | 3,070,000 | -4,540,000 | 2,560,000 | 1,480,000 | 1,470,000 | 340,000 | 2,250,000 | 2,010,000 | 1,960,000 | 1,090,000 | 5,370,000 | 1,910,000 | 1,230,000 | 680,000 | 1,030,000 | 1,330,000 | 1,740,000 | 1,050,000 | 1,550,000 | 655,000 | 580,000 | 860,000 | 1,180,000 | -270,000 | -1,120,000 | -480,000 | 600,000 | 1,910,000 | 1,860,000 | 2,630,000 | 3,100,000 | 1,370,000 | -1,980,000 | 3,110,000 | 3,280,000 | ||||||||||||||||||||||||||||
weighted-average common shares outstanding | 309,000,000 | 312,000,000 | 314,000,000 | 322,000,000 | 318,000,000 | 324,000,000 | 331,000,000 | 353,000,000 | 349,000,000 | 358,000,000 | 369,000,000 | 395,000,000 | 390,000,000 | 404,000,000 | 408,000,000 | 407,000,000 | 407,000,000 | 407,000,000 | 407,000,000 | 407,000,000 | 407,000,000 | 406,000,000 | 408,000,000 | 413,000,000 | 412,000,000 | 415,000,000 | 416,000,000 | 426,000,000 | 425,000,000 | 429,000,000 | 431,000,000 | 442,000,000 | 439,000,000 | 444,000,000 | 448,000,000 | 461,000,000 | 458,000,000 | 467,000,000 | 469,000,000 | 497,000,000 | 491,000,000 | 505,000,000 | 513,000,000 | 526,000,000 | 526,000,000 | 529,000,000 | 531,000,000 | 542,000,000 | 540,000,000 | 543,000,000 | 550,000,000 | 550,000,000 | 549,000,000 | 550,000,000 | 551,000,000 | 563,000,000 | 564,000,000 | 567,000,000 | 566,000,000 | 564,000,000 | 563,000,000 | 562,000,000 | 541,000,000 | 561,000,000 | 525,000,000 | 514,000,000 | 524,000,000 | 522,000,000 | 526,000,000 | 532,000,000 | 565,000,000 | 609,000,000 | 563,000,000 | 599,000,000 | 611,000,000 | 609,000,000 | 611,000,000 | 619,000,000 | 549,000,000 | 276,000,000 | 257,000,000 | ||
earnings per common share – assuming dilution | 3,530,000 | 2,280,000 | -1,900,000 | 920,000 | 1,140,000 | 2,710,000 | 3,750,000 | 3,710,000 | 7,490,000 | 5,400,000 | 8,290,000 | 8,110,000 | 7,190,000 | 11,570,000 | 2,210,000 | 2,470,000 | 1,130,000 | 390,000 | -880,000 | -1,140,000 | 3,070,000 | -4,540,000 | 2,560,000 | 1,480,000 | 1,470,000 | 340,000 | 2,240,000 | 2,010,000 | 1,960,000 | 1,090,000 | 5,360,000 | 1,910,000 | 1,230,000 | 680,000 | 1,030,000 | 1,330,000 | 1,730,000 | 1,050,000 | 1,540,000 | 652,500 | 570,000 | 850,000 | 1,180,000 | -270,000 | -1,120,000 | -480,000 | 590,000 | 1,810,000 | 2,550,000 | 2,980,000 | 1,320,000 | 3,060,000 | |||||||||||||||||||||||||||||||
weighted-average common shares outstanding –assuming dilution | 309,000,000 | 312,000,000 | 314,000,000 | 318,000,000 | 324,000,000 | 331,000,000 | 349,000,000 | 358,000,000 | 369,000,000 | 390,000,000 | 404,000,000 | 408,000,000 | 408,000,000 | 407,000,000 | 407,000,000 | 407,000,000 | 407,000,000 | 408,000,000 | 413,000,000 | 417,000,000 | 418,000,000 | 427,000,000 | 431,000,000 | 432,000,000 | 441,000,000 | 541,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
__________________________ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) includes excise taxes on sales by certain of our foreignoperations | 1,827,000,000 | 1,662,000,000 | 1,504,000,000 | 1,525,000,000 | 1,539,000,000 | 1,456,000,000 | 1,387,000,000 | 1,426,000,000 | 1,468,000,000 | 1,449,000,000 | 1,422,000,000 | 1,304,000,000 | 1,213,000,000 | 1,254,000,000 | 1,423,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to valero energy corporation stockholders | 281,000,000 | 364,000,000 | 880,000,000 | 1,245,000,000 | 1,202,000,000 | 2,622,000,000 | 1,944,000,000 | 3,067,000,000 | -704,000,000 | -359,000,000 | -464,000,000 | 1,253,000,000 | -1,851,000,000 | 1,060,000,000 | 609,000,000 | 612,000,000 | 141,000,000 | 952,000,000 | 856,000,000 | 845,000,000 | 469,000,000 | 2,371,000,000 | 841,000,000 | 548,000,000 | 305,000,000 | 367,000,000 | 613,000,000 | 814,000,000 | 495,000,000 | 298,000,000 | 1,377,000,000 | 1,351,000,000 | 964,000,000 | 1,155,000,000 | 1,059,000,000 | 588,000,000 | 828,000,000 | 466,000,000 | 654,000,000 | 1,010,000,000 | 674,000,000 | 831,000,000 | -432,000,000 | 45,000,000 | 1,203,000,000 | 744,000,000 | |||||||||||||||||||||||||||||||||||||
income before income tax benefit | 1,219,000,000 | 1,279,000,000 | 573,000,000 | 461,000,000 | -770,000,000 | -598,000,000 | -716,000,000 | 1,674,000,000 | -2,370,000,000 | -202,500,000 | -814,000,000 | -423,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 252,000,000 | 169,000,000 | 65,000,000 | 169,000,000 | -148,000,000 | -289,000,000 | -337,000,000 | 339,000,000 | -616,000,000 | -59,000,000 | -185,000,000 | -169,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lower of cost or market (lcm) inventory valuation adjustment | -313,000,000 | -2,248,000,000 | 2,542,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) includes excise taxes on sales by certain of our internationaloperations | 1,038,000,000 | 1,610,000,000 | 1,422,000,000 | 1,120,000,000 | 1,306,000,000 | 1,339,000,000 | 784,000,000 | 1,368,000,000 | 1,456,000,000 | 1,399,000,000 | 1,410,000,000 | 1,330,000,000 | 1,354,000,000 | 1,338,000,000 | 1,470,000,000 | 1,464,000,000 | 1,470,000,000 | 1,447,000,000 | 1,384,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per common share | -1,730,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per common share – assuming dilution | -1,730,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
_______________________________________________ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share | 800,000 | 800,000 | 700,000 | 700,000 | 700,000 | 700,000 | 600,000 | 600,000 | 600,000 | 600,000 | 500,000 | 400,000 | 400,000 | 400,000 | 275,000 | 275,000 | 250,000 | 250,000 | 225,000 | 225,000 | 200,000 | 200,000 | 175,000 | 175,000 | 150,000 | 150,000 | 150,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 120,000 | 260,000 | 80,000 | 120,000 | 120,000 | 80,000 | 80,000 | 80,000 | 60,000 | -90,000 | 100,000 | 100,000 | |||||||||||||||||||||||||||||||
operating revenues | 26,392,000,000 | 23,562,000,000 | 22,254,000,000 | 21,772,000,000 | 20,712,000,000 | 19,649,000,000 | 19,584,000,000 | 15,714,000,000 | 18,777,000,000 | 22,579,000,000 | 25,118,000,000 | 21,330,000,000 | 27,859,000,000 | 34,408,000,000 | 34,914,000,000 | 33,663,000,000 | 34,429,000,000 | 36,137,000,000 | 34,034,000,000 | 33,474,000,000 | 34,695,000,000 | 34,726,000,000 | 34,662,000,000 | 35,167,000,000 | 34,673,000,000 | 33,713,000,000 | 31,293,000,000 | 26,308,000,000 | 22,210,000,000 | 21,775,000,000 | 19,643,000,000 | 16,906,000,000 | 19,489,000,000 | 17,925,000,000 | 13,824,000,000 | 18,569,000,000 | 35,960,000,000 | 36,640,000,000 | 27,945,000,000 | 26,522,000,000 | 23,238,000,000 | 24,202,000,000 | 19,698,000,000 | 19,792,000,000 | 24,319,000,000 | 26,781,000,000 | 20,941,000,000 | 25,894,000,000 | 23,283,000,000 | 18,032,000,000 | |||||||||||||||||||||||||||||||||
lower of cost or market inventory valuation adjustment | -454,000,000 | -293,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 19,609,000,000 | 19,428,000,000 | 18,302,000,000 | 17,033,000,000 | 17,120,000,000 | 13,507,000,000 | 15,627,000,000 | 18,677,000,000 | 21,394,000,000 | 18,163,000,000 | 24,321,000,000 | 31,023,000,000 | 32,167,000,000 | 30,630,000,000 | 31,177,000,000 | 33,931,000,000 | 31,523,000,000 | 30,685,000,000 | 31,300,000,000 | 31,312,000,000 | 31,621,000,000 | 33,035,000,000 | 32,738,000,000 | 30,033,000,000 | 28,380,000,000 | 24,568,000,000 | 20,023,000,000 | 19,320,000,000 | 18,136,000,000 | 15,684,000,000 | 18,104,000,000 | 16,543,000,000 | 11,628,000,000 | 15,581,000,000 | 32,506,000,000 | 33,673,000,000 | 25,669,000,000 | 23,638,000,000 | 19,482,000,000 | 19,310,000,000 | 16,308,000,000 | 16,681,000,000 | 20,419,000,000 | 22,300,000,000 | 18,082,000,000 | 22,284,000,000 | 20,638,000,000 | 15,679,000,000 | |||||||||||||||||||||||||||||||||||
total costs and expenses | 21,383,000,000 | 21,235,000,000 | 20,092,000,000 | 18,757,000,000 | 18,353,000,000 | 14,885,000,000 | 18,131,000,000 | 20,440,000,000 | 23,040,000,000 | 19,835,000,000 | 26,063,000,000 | 32,738,000,000 | 33,829,000,000 | 32,313,000,000 | 32,867,000,000 | 35,605,000,000 | 33,226,000,000 | 32,413,000,000 | 33,111,000,000 | 33,417,000,000 | 33,301,000,000 | 35,411,000,000 | 34,506,000,000 | 31,734,000,000 | 30,003,000,000 | 26,064,000,000 | 21,639,000,000 | 20,854,000,000 | 19,675,000,000 | 16,461,000,000 | 20,182,000,000 | 18,242,000,000 | 13,317,000,000 | 21,476,000,000 | 34,120,000,000 | 35,482,000,000 | 27,473,000,000 | 25,902,000,000 | 20,977,000,000 | 21,009,000,000 | 17,933,000,000 | 18,312,000,000 | 21,986,000,000 | 23,917,000,000 | 19,608,000,000 | 23,897,000,000 | 21,972,000,000 | 16,727,000,000 | |||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding – assuming dilution | 322,000,000 | 353,000,000 | 396,000,000 | 407,000,000 | 407,000,000 | 414,000,000 | 428,000,000 | 444,000,000 | 446,000,000 | 451,000,000 | 464,000,000 | 460,000,000 | 470,000,000 | 471,000,000 | 500,000,000 | 494,000,000 | 508,000,000 | 516,000,000 | 530,000,000 | 530,000,000 | 534,000,000 | 536,000,000 | 548,000,000 | 545,000,000 | 548,000,000 | 556,000,000 | 556,000,000 | 556,000,000 | 555,000,000 | 551,000,000 | 569,000,000 | 569,000,000 | 574,000,000 | 573,000,000 | 568,000,000 | 567,000,000 | 562,000,000 | 561,000,000 | 525,000,000 | 519,000,000 | 524,000,000 | 529,000,000 | 534,000,000 | 541,000,000 | 628,000,000 | ||||||||||||||||||||||||||||||||||||||
(a) includes excise taxes on sales by certain of our international operations | 1,272,000,000 | 1,230,000,000 | 1,398,000,000 | 1,470,000,000 | 1,395,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
refining | 721,250,000 | 986,000,000 | 935,000,000 | 964,000,000 | 974,000,000 | 987,000,000 | 967,000,000 | 973,000,000 | 968,000,000 | 954,000,000 | 906,000,000 | 876,000,000 | 906,000,000 | 930,000,000 | 868,000,000 | 964,000,000 | 979,000,000 | 870,000,000 | 813,000,000 | 744,000,000 | 817,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ethanol | 86,000,000 | 116,000,000 | 108,000,000 | 120,000,000 | 129,000,000 | 118,000,000 | 111,000,000 | 129,000,000 | 106,000,000 | 102,000,000 | 102,000,000 | 77,000,000 | 84,000,000 | 76,000,000 | 85,000,000 | 87,000,000 | 97,000,000 | 103,000,000 | 104,000,000 | 95,000,000 | 96,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income tax expense | 550,000,000 | 2,030,000,000 | 1,973,000,000 | 1,418,000,000 | 1,704,000,000 | 1,583,000,000 | 999,000,000 | 1,524,000,000 | 1,237,000,000 | 1,282,000,000 | -337,000,000 | 93,000,000 | 1,892,000,000 | 1,193,000,000 | 144,000,000 | 470,000,000 | 806,000,000 | -148,000,000 | -2,944,000,000 | 1,795,000,000 | 1,090,000,000 | 395,000,000 | 413,000,000 | 2,367,000,000 | 3,117,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 395,000,000 | 1,373,000,000 | 1,365,000,000 | 968,000,000 | 1,220,000,000 | 1,062,000,000 | 656,000,000 | 1,009,000,000 | 673,000,000 | 830,000,000 | -432,000,000 | 45,000,000 | 1,203,000,000 | 744,000,000 | 104,000,000 | 292,000,000 | 530,000,000 | -101,000,000 | -3,278,000,000 | 1,152,000,000 | 734,000,000 | 261,000,000 | 359,000,000 | 1,559,000,000 | 2,062,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -63,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to valero energy corporation stockholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 298,000,000 | 1,377,000,000 | 1,351,000,000 | 964,000,000 | 1,155,000,000 | 1,059,000,000 | 651,000,000 | 1,010,000,000 | 674,000,000 | 831,000,000 | -432,000,000 | 45,000,000 | 1,203,000,000 | 745,000,000 | 180,000 | 520,000 | 940,000 | -180,000 | -6,240,000 | 2,210,000 | 1,400,000 | 490,000 | 1,230,000 | 2,560,000 | 3,660,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -63,000,000 | -1,000,000 | -10,000 | 100,000 | -20,000 | 960,000 | 70,000 | 330,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 298,000,000 | 1,377,000,000 | 1,351,000,000 | 964,000,000 | 1,155,000,000 | 1,059,000,000 | 588,000,000 | 1,010,000,000 | 674,000,000 | 831,000,000 | -432,000,000 | 45,000,000 | 1,203,000,000 | 744,000,000 | 170,000 | 520,000 | 1,040,000 | -200,000 | -6,240,000 | 2,210,000 | 1,400,000 | 490,000 | 2,190,000 | 2,630,000 | 3,990,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share – assuming dilution: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retail | 57,000,000 | 169,000,000 | 172,000,000 | 178,000,000 | 170,000,000 | 166,000,000 | 170,000,000 | 177,000,000 | 169,000,000 | 162,000,000 | 192,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
____________________________________ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) includes excise taxes on sales by our u.s. retail system | 236,000,000 | 241,000,000 | 248,000,000 | 241,000,000 | 234,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income taxes | -1,750,000 | -1,000,000 | 53,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interest | -1,000,000 | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to noncontrolling interest | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and debt expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
incurred | -144,000,000 | -145,000,000 | -138,000,000 | -147,000,000 | -134,000,000 | -149,000,000 | -118,000,000 | -119,000,000 | -116,000,000 | -112,000,000 | -107,000,000 | -116,000,000 | -186,000,000 | -91,000,000 | -110,000,000 | -90,000,000 | -98,000,000 | -91,000,000 | -93,000,000 | -96,000,000 | -104,000,000 | -85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized | 27,000,000 | 26,000,000 | 22,000,000 | 20,000,000 | 17,000,000 | 19,000,000 | 36,000,000 | 40,000,000 | 37,000,000 | 31,000,000 | 24,000,000 | 19,000,000 | -19,000,000 | 45,000,000 | 27,000,000 | 31,000,000 | 39,000,000 | 45,000,000 | 47,000,000 | 37,000,000 | 29,000,000 | 18,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income taxes | -6,000,000 | -12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
includes excise taxes on sales by our u.s. retail system | 234,000,000 | 225,000,000 | 208,000,000 | 214,000,000 | 226,000,000 | 229,000,000 | 204,000,000 | 211,000,000 | 207,000,000 | 204,000,000 | 194,000,000 | -586,200,000 | 197,000,000 | 203,000,000 | 196,000,000 | 200,000 | 200,000 | 200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retail selling expenses | 187,000,000 | 173,000,000 | 180,000,000 | 182,000,000 | 171,000,000 | 169,000,000 | 189,000,000 | 201,000,000 | 190,000,000 | 188,000,000 | 211,000,000 | 185,000,000 | 200,000,000 | 171,000,000 | 202,000,000 | 208,000,000 | 204,000,000 | 189,000,000 | 210,000,000 | 201,000,000 | 185,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of krotz springs refinery | -305,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
refining operating expenses | 997,000,000 | 1,129,000,000 | 1,179,000,000 | 1,133,000,000 | 1,114,000,000 | 1,332,000,000 | 889,000,000 | 985,000,000 | 975,000,000 | 981,000,000 | 929,000,000 | 949,000,000 | 926,000,000 | 988,000,000 | 772,000,000 | 575,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income tax expense | 526,000,000 | 44,000,000 | 187,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of nustar energy l.p. | 8,750,000 | 13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in net income of consolidated subsidiary | -1,000,000 | -4,000,000 | -1,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | 500,000 | 1,000,000 | 1,000,000 | 1,000,000 | 4,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income applicable to common stock | 887,000,000 | 1,603,000,000 | 2,249,000,000 | 1,144,000,000 | 1,114,000,000 | 1,603,000,000 | 1,896,000,000 | 848,000,000 | 1,346,000,000 | 858,000,000 | 843,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common equivalent shares outstanding | 578,000,000 | 615,000,000 | 632,000,000 | 628,000,000 | 636,000,000 | 644,000,000 | 588,000,000 | 294,000,000 | 277,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share - assuming dilution | 1,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of valero l.p. | 10,000,000 | 13,000,000 | 10,000,000 | 12,000,000 | 9,000,000 | 13,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
includes the following amounts related to crude oil buy/sell arrangements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
___________ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share — assuming dilution | 1,980,000 | 2,940,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
includes amounts related to crude oil buy/sell arrangements: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
includes excise taxes on sales by valero’s u.s. retail system | 150,000 | 200,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2004-12-31 | 2003-12-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 4,764,000,000 | 4,537,000,000 | 4,634,000,000 | 4,657,000,000 | 5,184,000,000 | 5,246,000,000 | 4,917,000,000 | 5,424,000,000 | 5,831,000,000 | 5,075,000,000 | 5,521,000,000 | 4,862,000,000 | 3,969,000,000 | 5,392,000,000 | 2,638,000,000 | 4,122,000,000 | 3,498,000,000 | 3,572,000,000 | 2,254,000,000 | 3,313,000,000 | 4,047,000,000 | 2,319,000,000 | 1,515,000,000 | 2,583,000,000 | 2,137,000,000 | 2,033,000,000 | 2,777,000,000 | 2,982,000,000 | 3,551,000,000 | 4,451,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 10,333,000,000 | 11,073,000,000 | 11,238,000,000 | 10,708,000,000 | 11,073,000,000 | 13,145,000,000 | 12,150,000,000 | 12,525,000,000 | 12,566,000,000 | 10,888,000,000 | 9,688,000,000 | 11,919,000,000 | 11,581,000,000 | 14,439,000,000 | 13,080,000,000 | 10,378,000,000 | 8,627,000,000 | 9,132,000,000 | 9,014,000,000 | 6,109,000,000 | 5,601,000,000 | 4,152,000,000 | 5,392,000,000 | 8,904,000,000 | 7,994,000,000 | 9,050,000,000 | 8,289,000,000 | 7,345,000,000 | 8,249,000,000 | 7,535,000,000 | 6,814,000,000 | 6,922,000,000 | 5,959,000,000 | 4,573,000,000 | 5,104,000,000 | 5,901,000,000 | 4,672,000,000 | 4,880,000,000 | 4,518,000,000 | 4,464,000,000 | 4,691,000,000 | 5,799,000,000 | 4,924,000,000 | 5,879,000,000 | 8,175,000,000 | 7,952,000,000 | 7,783,000,000 | 8,751,000,000 | 9,126,000,000 | 7,486,000,000 | 7,658,000,000 | 8,167,000,000 | 7,451,000,000 | 6,624,000,000 | 7,418,000,000 | 8,706,000,000 | 7,509,000,000 | 6,027,000,000 | 5,858,000,000 | 4,240,000,000 | 4,122,000,000 | 3,947,000,000 | 3,773,000,000 | 3,923,000,000 | 4,217,000,000 | 3,156,000,000 | 2,897,000,000 | 6,581,000,000 | 7,721,000,000 | 6,009,000,000 | 7,691,000,000 | 6,463,000,000 | 4,693,000,000 | 4,173,000,000 | 4,389,000,000 | 3,605,000,000 | 4,234,000,000 | 3,115,000,000 | 3,564,000,000 | 3,553,000,000 | 2,640,000,000 | 1,838,700,000 | 1,327,700,000 |
inventories | 7,394,000,000 | 7,538,000,000 | 7,119,000,000 | 7,761,000,000 | 7,048,000,000 | 8,028,000,000 | 7,912,000,000 | 7,583,000,000 | 7,513,000,000 | 6,961,000,000 | 7,455,000,000 | 6,752,000,000 | 6,628,000,000 | 7,147,000,000 | 7,174,000,000 | 6,265,000,000 | 6,227,000,000 | 6,103,000,000 | 5,881,000,000 | 6,038,000,000 | 5,357,000,000 | 5,420,000,000 | 3,675,000,000 | 7,013,000,000 | 6,376,000,000 | 6,281,000,000 | 6,554,000,000 | 6,532,000,000 | 7,501,000,000 | 6,420,000,000 | 6,555,000,000 | 6,384,000,000 | 6,137,000,000 | 5,674,000,000 | 6,025,000,000 | 5,709,000,000 | 5,979,000,000 | 6,137,000,000 | 6,056,000,000 | 5,898,000,000 | 6,557,000,000 | 6,618,000,000 | 6,666,000,000 | 6,623,000,000 | 6,860,000,000 | 6,526,000,000 | 7,106,000,000 | 5,758,000,000 | 7,063,000,000 | 6,446,000,000 | 6,937,000,000 | 5,973,000,000 | 5,787,000,000 | 5,443,000,000 | 6,145,000,000 | 5,623,000,000 | 5,164,000,000 | 3,988,000,000 | 4,338,000,000 | 4,804,000,000 | 4,767,000,000 | 4,724,000,000 | 4,863,000,000 | 4,576,000,000 | 4,561,000,000 | 4,669,000,000 | 4,637,000,000 | 4,859,000,000 | 4,904,000,000 | 4,643,000,000 | 4,184,000,000 | 4,616,000,000 | 4,578,000,000 | 4,835,000,000 | 4,430,000,000 | 4,666,000,000 | 4,626,000,000 | 4,381,000,000 | 4,039,000,000 | 4,475,000,000 | 3,088,000,000 | 2,317,800,000 | 1,913,100,000 |
prepaid expenses and other | 1,013,000,000 | 656,000,000 | 599,000,000 | 611,000,000 | 671,000,000 | 696,000,000 | 695,000,000 | 689,000,000 | 667,000,000 | 771,000,000 | 671,000,000 | 600,000,000 | 518,000,000 | 431,000,000 | 421,000,000 | 400,000,000 | 438,000,000 | 565,000,000 | 442,000,000 | 384,000,000 | 417,000,000 | 871,000,000 | 883,000,000 | 469,000,000 | 526,000,000 | 447,000,000 | 860,000,000 | 816,000,000 | 590,000,000 | 542,000,000 | 233,000,000 | 156,000,000 | 170,000,000 | 277,000,000 | 316,000,000 | 316,000,000 | 228,000,000 | 190,000,000 | 335,000,000 | 204,000,000 | 173,000,000 | 157,000,000 | 154,000,000 | 164,000,000 | 132,000,000 | 124,000,000 | 134,000,000 | 138,000,000 | 131,000,000 | 136,000,000 | 384,000,000 | 154,000,000 | 148,000,000 | 138,000,000 | 118,000,000 | 124,000,000 | 109,000,000 | 162,000,000 | 149,000,000 | 172,000,000 | 170,000,000 | 181,000,000 | 261,000,000 | 386,000,000 | 472,000,000 | 625,000,000 | 550,000,000 | 192,000,000 | 160,000,000 | 119,000,000 | 175,000,000 | 238,000,000 | 133,000,000 | 113,000,000 | 145,000,000 | 177,000,000 | 170,000,000 | 74,000,000 | 65,000,000 | 257,000,000 | 91,000,000 | 44,600,000 | |
total current assets | 23,504,000,000 | 23,804,000,000 | 23,590,000,000 | 23,737,000,000 | 23,976,000,000 | 27,115,000,000 | 25,674,000,000 | 26,221,000,000 | 26,577,000,000 | 23,695,000,000 | 23,335,000,000 | 24,133,000,000 | 22,696,000,000 | 27,409,000,000 | 23,313,000,000 | 21,165,000,000 | 18,790,000,000 | 19,372,000,000 | 17,591,000,000 | 15,844,000,000 | 15,422,000,000 | 12,762,000,000 | 11,465,000,000 | 18,969,000,000 | 17,033,000,000 | 17,811,000,000 | 18,480,000,000 | 17,675,000,000 | 19,891,000,000 | 18,948,000,000 | 18,260,000,000 | 19,312,000,000 | 17,442,000,000 | 15,731,000,000 | 15,908,000,000 | 16,800,000,000 | 16,878,000,000 | 16,180,000,000 | 14,861,000,000 | 14,972,000,000 | 16,827,000,000 | 18,492,000,000 | 16,788,000,000 | 16,614,000,000 | 19,666,000,000 | 18,450,000,000 | 19,030,000,000 | 19,277,000,000 | 18,593,000,000 | 16,768,000,000 | 17,206,000,000 | 16,460,000,000 | 16,267,000,000 | 14,033,000,000 | 15,824,000,000 | 15,972,000,000 | 15,870,000,000 | 14,687,000,000 | 15,056,000,000 | 11,877,000,000 | 11,348,000,000 | 11,320,000,000 | 10,923,000,000 | 10,865,000,000 | 11,173,000,000 | 10,468,000,000 | 9,450,000,000 | 14,826,000,000 | 15,252,000,000 | 12,514,000,000 | 14,792,000,000 | 14,654,000,000 | 13,567,000,000 | 10,995,000,000 | 10,760,000,000 | 9,731,000,000 | 10,174,000,000 | 8,181,000,000 | 8,276,000,000 | 9,112,000,000 | 6,898,000,000 | 5,264,400,000 | 3,817,300,000 |
property, plant, and equipment, at cost | 49,663,000,000 | 49,701,000,000 | 49,293,000,000 | 52,368,000,000 | 52,424,000,000 | 52,074,000,000 | 51,943,000,000 | 51,668,000,000 | 51,208,000,000 | 51,125,000,000 | 50,828,000,000 | 50,576,000,000 | 49,638,000,000 | 49,602,000,000 | 49,488,000,000 | 49,072,000,000 | 48,235,000,000 | 47,852,000,000 | 47,370,000,000 | 46,967,000,000 | 46,857,000,000 | 46,335,000,000 | 45,789,000,000 | 44,294,000,000 | 43,539,000,000 | 43,110,000,000 | 42,388,000,000 | 42,473,000,000 | 41,841,000,000 | 41,266,000,000 | 40,543,000,000 | 40,010,000,000 | 39,527,000,000 | 38,979,000,000 | 38,571,000,000 | 37,733,000,000 | 37,555,000,000 | 37,363,000,000 | 37,275,000,000 | 36,907,000,000 | 36,645,000,000 | 36,444,000,000 | 36,021,000,000 | 35,933,000,000 | 35,432,000,000 | 34,870,000,000 | 34,235,000,000 | 33,933,000,000 | |||||||||||||||||||||||||||||||||||
accumulated depreciation | -21,922,000,000 | -21,465,000,000 | -20,744,000,000 | -23,054,000,000 | -22,743,000,000 | -22,305,000,000 | -21,871,000,000 | -21,459,000,000 | -20,955,000,000 | -20,555,000,000 | -20,048,000,000 | -19,598,000,000 | -19,130,000,000 | -18,848,000,000 | -18,612,000,000 | -18,225,000,000 | -17,795,000,000 | -17,391,000,000 | -16,991,000,000 | -16,578,000,000 | -16,128,000,000 | -15,682,000,000 | -15,263,000,000 | -15,030,000,000 | -14,649,000,000 | -14,326,000,000 | -13,980,000,000 | -13,625,000,000 | -13,413,000,000 | -13,086,000,000 | -12,812,000,000 | -12,530,000,000 | -12,253,000,000 | -11,925,000,000 | -11,580,000,000 | -11,261,000,000 | -11,037,000,000 | -10,774,000,000 | -10,530,000,000 | -10,204,000,000 | -9,957,000,000 | -9,710,000,000 | -9,425,000,000 | -9,198,000,000 | -8,983,000,000 | -8,748,000,000 | -8,469,000,000 | -8,226,000,000 | -8,010,000,000 | -7,701,000,000 | -8,072,000,000 | -7,832,000,000 | -7,581,000,000 | -7,311,000,000 | -7,098,000,000 | -7,076,000,000 | -6,847,000,000 | -6,660,000,000 | -6,509,000,000 | -6,340,000,000 | -6,076,000,000 | -5,851,000,000 | -5,594,000,000 | -5,632,000,000 | -5,404,000,000 | -5,112,000,000 | -4,890,000,000 | -4,711,000,000 | -4,493,000,000 | -4,305,000,000 | -4,078,000,000 | -3,853,000,000 | -3,667,000,000 | -3,279,000,000 | -3,102,000,000 | -2,905,000,000 | -2,707,000,000 | -2,532,000,000 | -2,359,000,000 | -1,978,200,000 | -1,553,000,000 | ||
property, plant, and equipment | 27,741,000,000 | 28,236,000,000 | 28,549,000,000 | 29,314,000,000 | 29,681,000,000 | 29,769,000,000 | 30,072,000,000 | 30,209,000,000 | 30,253,000,000 | 30,570,000,000 | 30,780,000,000 | 30,978,000,000 | 30,508,000,000 | 30,754,000,000 | 30,876,000,000 | 30,847,000,000 | 30,440,000,000 | 30,461,000,000 | 30,379,000,000 | 30,389,000,000 | 30,729,000,000 | 30,653,000,000 | 30,526,000,000 | 29,264,000,000 | 28,890,000,000 | 28,784,000,000 | 28,408,000,000 | 28,848,000,000 | 28,428,000,000 | 28,180,000,000 | 27,731,000,000 | 27,480,000,000 | 27,274,000,000 | 27,054,000,000 | 26,991,000,000 | 26,472,000,000 | 26,518,000,000 | 26,589,000,000 | 26,745,000,000 | 26,703,000,000 | 26,688,000,000 | 26,734,000,000 | 26,596,000,000 | 26,735,000,000 | 26,449,000,000 | 26,122,000,000 | 25,766,000,000 | 25,707,000,000 | |||||||||||||||||||||||||||||||||||
deferred charges and other assets | 7,370,000,000 | 7,393,000,000 | 7,038,000,000 | 7,092,000,000 | 6,725,000,000 | 6,731,000,000 | 6,828,000,000 | 6,626,000,000 | 6,345,000,000 | 6,402,000,000 | 6,062,000,000 | 5,871,000,000 | 6,125,000,000 | 6,182,000,000 | 6,213,000,000 | 5,876,000,000 | 5,461,000,000 | 5,623,000,000 | 5,644,000,000 | 5,541,000,000 | 5,581,000,000 | 5,684,000,000 | 5,756,000,000 | 5,631,000,000 | 5,306,000,000 | 5,427,000,000 | 5,207,000,000 | 3,632,000,000 | 3,575,000,000 | 3,550,000,000 | 3,385,000,000 | 3,366,000,000 | 3,272,000,000 | 3,189,000,000 | 3,148,000,000 | 2,901,000,000 | 2,869,000,000 | 2,683,000,000 | 2,653,000,000 | 2,668,000,000 | 2,310,000,000 | 2,373,000,000 | 2,357,000,000 | 2,201,000,000 | 2,340,000,000 | 2,441,000,000 | 2,303,000,000 | 2,120,000,000 | 1,898,000,000 | 1,864,000,000 | 1,694,000,000 | 1,504,000,000 | 1,436,000,000 | 1,416,000,000 | 1,428,000,000 | 1,407,000,000 | 1,343,000,000 | 1,411,000,000 | 1,416,000,000 | 1,585,000,000 | 1,543,000,000 | 1,584,000,000 | 1,395,000,000 | 1,480,000,000 | 1,543,000,000 | 1,563,000,000 | 1,530,000,000 | 1,929,000,000 | 1,822,000,000 | 1,836,000,000 | 1,870,000,000 | 1,624,000,000 | 1,613,000,000 | 1,396,000,000 | 1,381,000,000 | 1,295,000,000 | 1,277,000,000 | 1,159,000,000 | 1,045,000,000 | 948,000,000 | 914,000,000 | 833,300,000 | 665,400,000 |
total assets | 58,615,000,000 | 59,433,000,000 | 59,177,000,000 | 60,143,000,000 | 60,382,000,000 | 63,615,000,000 | 62,574,000,000 | 63,056,000,000 | 63,175,000,000 | 60,667,000,000 | 60,177,000,000 | 60,982,000,000 | 59,329,000,000 | 64,345,000,000 | 60,402,000,000 | 57,888,000,000 | 54,691,000,000 | 55,456,000,000 | 53,614,000,000 | 51,774,000,000 | 51,732,000,000 | 49,099,000,000 | 47,747,000,000 | 53,864,000,000 | 51,229,000,000 | 52,022,000,000 | 52,095,000,000 | 50,155,000,000 | 51,894,000,000 | 50,678,000,000 | 49,376,000,000 | 50,158,000,000 | 47,988,000,000 | 45,974,000,000 | 46,047,000,000 | 46,173,000,000 | 46,265,000,000 | 45,452,000,000 | 44,259,000,000 | 44,343,000,000 | 45,825,000,000 | 47,599,000,000 | 45,741,000,000 | 45,550,000,000 | 48,455,000,000 | 47,013,000,000 | 47,099,000,000 | 47,260,000,000 | 46,293,000,000 | 44,177,000,000 | 45,501,000,000 | 44,477,000,000 | 43,792,000,000 | 41,188,000,000 | 42,634,000,000 | 42,783,000,000 | 41,683,000,000 | 39,526,000,000 | 39,592,000,000 | 37,276,000,000 | 36,477,000,000 | 36,465,000,000 | 35,629,000,000 | 36,805,000,000 | 37,221,000,000 | 35,776,000,000 | 34,417,000,000 | 43,807,000,000 | 43,656,000,000 | 40,669,000,000 | 42,722,000,000 | 41,861,000,000 | 40,350,000,000 | 38,187,000,000 | 37,753,000,000 | 36,642,000,000 | 36,524,000,000 | 33,303,000,000 | 32,728,000,000 | 32,774,000,000 | 21,641,000,000 | 19,391,600,000 | 15,664,200,000 |
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of debt and finance lease obligations | 894,000,000 | 382,000,000 | 542,000,000 | 743,000,000 | 1,016,000,000 | 995,000,000 | 853,000,000 | 1,406,000,000 | 1,334,000,000 | 1,193,000,000 | 1,258,000,000 | 1,109,000,000 | 1,006,000,000 | 1,022,000,000 | 1,295,000,000 | 1,264,000,000 | 1,162,000,000 | 1,044,000,000 | 734,000,000 | 723,000,000 | 636,000,000 | 587,000,000 | 886,000,000 | 494,000,000 | 402,000,000 | 323,000,000 | 1,110,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 10,694,000,000 | 11,499,000,000 | 11,982,000,000 | 12,092,000,000 | 11,516,000,000 | 14,565,000,000 | 12,458,000,000 | 12,567,000,000 | 13,342,000,000 | 10,825,000,000 | 10,498,000,000 | 12,728,000,000 | 13,003,000,000 | 16,643,000,000 | 15,236,000,000 | 12,495,000,000 | 9,820,000,000 | 10,168,000,000 | 9,113,000,000 | 6,082,000,000 | 5,237,000,000 | 4,652,000,000 | 5,906,000,000 | 10,205,000,000 | 9,504,000,000 | 10,135,000,000 | 10,005,000,000 | 8,594,000,000 | 10,224,000,000 | 8,963,000,000 | 7,966,000,000 | 8,348,000,000 | 6,677,000,000 | 5,456,000,000 | 6,037,000,000 | 6,357,000,000 | 5,368,000,000 | 5,943,000,000 | 4,980,000,000 | 4,907,000,000 | 5,679,000,000 | 7,315,000,000 | 6,010,000,000 | 6,760,000,000 | 9,939,000,000 | 9,355,000,000 | 9,617,000,000 | 9,931,000,000 | 10,998,000,000 | 9,507,000,000 | 9,821,000,000 | 9,348,000,000 | 9,286,000,000 | 7,998,000,000 | 9,941,000,000 | 9,472,000,000 | 8,520,000,000 | 7,642,000,000 | 8,653,000,000 | 6,096,000,000 | 5,856,000,000 | 5,986,000,000 | 5,760,000,000 | 5,756,000,000 | 5,840,000,000 | 4,539,000,000 | 4,446,000,000 | 9,921,000,000 | 10,963,000,000 | 8,635,000,000 | 9,596,000,000 | 8,145,000,000 | 7,348,000,000 | 6,970,000,000 | 6,864,000,000 | 6,144,000,000 | 6,902,000,000 | 6,167,000,000 | 5,563,000,000 | 5,969,000,000 | 4,382,000,000 | 2,963,400,000 | 2,288,200,000 |
accrued expenses | 1,440,000,000 | 1,288,000,000 | 1,153,000,000 | 1,130,000,000 | 1,190,000,000 | 1,065,000,000 | 1,097,000,000 | 1,240,000,000 | 1,219,000,000 | 1,117,000,000 | 1,168,000,000 | 1,215,000,000 | 1,265,000,000 | 1,112,000,000 | 1,140,000,000 | 1,253,000,000 | 1,539,000,000 | 1,286,000,000 | 1,087,000,000 | 994,000,000 | 926,000,000 | 861,000,000 | 866,000,000 | 949,000,000 | 881,000,000 | 764,000,000 | 772,000,000 | 630,000,000 | 553,000,000 | 641,000,000 | 590,000,000 | 712,000,000 | 817,000,000 | 955,000,000 | 707,000,000 | 694,000,000 | 628,000,000 | 439,000,000 | 416,000,000 | 554,000,000 | 595,000,000 | 529,000,000 | 512,000,000 | 596,000,000 | 630,000,000 | 584,000,000 | 488,000,000 | 522,000,000 | 598,000,000 | 504,000,000 | 761,000,000 | 590,000,000 | 612,000,000 | 527,000,000 | 483,000,000 | 595,000,000 | 785,000,000 | 765,000,000 | 729,000,000 | 548,000,000 | 440,000,000 | 502,000,000 | 514,000,000 | 633,000,000 | 350,000,000 | 378,000,000 | 374,000,000 | 492,000,000 | 447,000,000 | 490,000,000 | 502,000,000 | 608,000,000 | 536,000,000 | 465,000,000 | 510,000,000 | 548,000,000 | 464,000,000 | 394,000,000 | 581,000,000 | 984,000,000 | 590,000,000 | 519,200,000 | 355,600,000 |
taxes other than income taxes payable | 1,411,000,000 | 1,451,000,000 | 1,299,000,000 | 1,360,000,000 | 1,400,000,000 | 1,490,000,000 | 1,353,000,000 | 1,452,000,000 | 1,419,000,000 | 1,491,000,000 | 1,574,000,000 | 1,568,000,000 | 1,311,000,000 | 1,599,000,000 | 1,482,000,000 | 1,461,000,000 | 1,548,000,000 | 1,537,000,000 | 1,233,000,000 | 1,372,000,000 | 1,266,000,000 | 1,083,000,000 | 1,019,000,000 | 1,304,000,000 | 1,175,000,000 | 1,144,000,000 | 961,000,000 | 1,213,000,000 | 1,275,000,000 | 1,334,000,000 | 1,226,000,000 | 1,321,000,000 | 1,223,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 290,000,000 | 57,000,000 | 167,000,000 | 170,000,000 | 176,000,000 | 203,000,000 | 388,000,000 | 137,000,000 | 278,000,000 | 322,000,000 | 867,000,000 | 841,000,000 | 652,000,000 | 1,593,000,000 | 632,000,000 | 378,000,000 | 244,000,000 | 179,000,000 | 140,000,000 | 112,000,000 | 57,000,000 | 117,000,000 | 55,000,000 | 208,000,000 | 168,000,000 | 182,000,000 | 65,000,000 | 49,000,000 | 231,000,000 | 220,000,000 | 99,000,000 | 568,000,000 | 292,000,000 | 75,000,000 | 64,000,000 | 78,000,000 | 128,000,000 | 356,000,000 | 294,000,000 | 337,000,000 | 386,000,000 | 349,000,000 | 546,000,000 | 433,000,000 | 641,000,000 | 421,000,000 | 667,000,000 | 773,000,000 | 96,000,000 | 85,000,000 | 15,000,000 | 1,000,000 | 234,000,000 | 61,000,000 | 26,000,000 | 119,000,000 | 136,000,000 | 82,000,000 | 55,000,000 | 74,000,000 | 237,000,000 | 22,000,000 | 95,000,000 | 64,000,000 | 36,000,000 | 2,000,000 | 238,000,000 | 403,000,000 | 202,000,000 | 499,000,000 | 494,000,000 | 522,000,000 | 434,000,000 | 23,000,000 | 176,000,000 | 557,000,000 | 117,000,000 | 39,000,000 | 174,000,000 | 262,000,000 | 159,500,000 | 55,700,000 | |
total current liabilities | 14,729,000,000 | 14,677,000,000 | 15,143,000,000 | 15,495,000,000 | 15,298,000,000 | 18,318,000,000 | 16,149,000,000 | 16,802,000,000 | 17,592,000,000 | 14,948,000,000 | 15,365,000,000 | 17,461,000,000 | 17,237,000,000 | 21,969,000,000 | 19,785,000,000 | 16,851,000,000 | 14,313,000,000 | 14,214,000,000 | 12,307,000,000 | 9,283,000,000 | 8,122,000,000 | 7,300,000,000 | 8,732,000,000 | 13,160,000,000 | 12,130,000,000 | 12,548,000,000 | 12,913,000,000 | 10,724,000,000 | 12,482,000,000 | 11,341,000,000 | 10,752,000,000 | 11,071,000,000 | 9,130,000,000 | 7,683,000,000 | 7,899,000,000 | 8,328,000,000 | 8,224,000,000 | 8,652,000,000 | 6,775,000,000 | 7,360,000,000 | 8,289,000,000 | 9,865,000,000 | 8,634,000,000 | 9,980,000,000 | 13,460,000,000 | 12,523,000,000 | 12,926,000,000 | 13,123,000,000 | 13,668,000,000 | 12,035,000,000 | 12,705,000,000 | 11,929,000,000 | 12,251,000,000 | 10,798,000,000 | 13,076,000,000 | 12,708,000,000 | 11,683,000,000 | 10,231,000,000 | 10,406,000,000 | 8,213,000,000 | 7,914,000,000 | 8,095,000,000 | 7,798,000,000 | 7,757,000,000 | 7,324,000,000 | 6,237,000,000 | 6,209,000,000 | 11,770,000,000 | 12,848,000,000 | 10,157,000,000 | 11,914,000,000 | 10,242,000,000 | 9,465,000,000 | 9,034,000,000 | 8,822,000,000 | 8,037,000,000 | 9,107,000,000 | 7,444,000,000 | 7,305,000,000 | 7,987,000,000 | 5,900,000,000 | 4,533,500,000 | 3,064,300,000 |
debt and finance lease obligations, less current portion | 9,687,000,000 | 10,265,000,000 | 10,312,000,000 | 9,720,000,000 | 9,790,000,000 | 9,746,000,000 | 10,044,000,000 | 10,118,000,000 | 10,107,000,000 | 10,130,000,000 | 10,173,000,000 | 10,526,000,000 | 10,570,000,000 | 11,858,000,000 | 11,866,000,000 | 12,606,000,000 | 13,071,000,000 | 13,636,000,000 | 13,930,000,000 | 13,954,000,000 | 14,577,000,000 | 12,090,000,000 | 10,574,000,000 | 9,178,000,000 | 9,170,000,000 | 9,167,000,000 | 9,006,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax liabilities | 5,023,000,000 | 5,048,000,000 | 4,951,000,000 | 5,267,000,000 | 5,263,000,000 | 5,224,000,000 | 5,260,000,000 | 5,349,000,000 | 5,231,000,000 | 5,382,000,000 | 5,280,000,000 | 5,217,000,000 | 4,938,000,000 | 4,792,000,000 | 4,971,000,000 | 5,210,000,000 | 5,110,000,000 | 5,142,000,000 | 5,034,000,000 | 5,275,000,000 | 5,297,000,000 | 5,305,000,000 | 4,909,000,000 | 5,103,000,000 | 4,920,000,000 | 4,899,000,000 | 4,867,000,000 | 4,962,000,000 | 4,725,000,000 | 4,760,000,000 | 4,711,000,000 | 4,708,000,000 | 1,604,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 2,430,000,000 | 2,496,000,000 | 2,456,000,000 | 2,140,000,000 | 2,031,000,000 | 2,077,000,000 | 2,297,000,000 | 2,263,000,000 | 2,188,000,000 | 2,213,000,000 | 2,292,000,000 | 2,310,000,000 | 2,869,000,000 | 2,993,000,000 | 3,370,000,000 | 3,404,000,000 | 3,608,000,000 | 3,760,000,000 | 3,616,000,000 | 3,620,000,000 | 3,720,000,000 | 3,770,000,000 | 3,847,000,000 | 3,887,000,000 | 3,421,000,000 | 3,571,000,000 | 3,530,000,000 | 2,867,000,000 | 2,850,000,000 | 2,897,000,000 | 2,902,000,000 | 2,729,000,000 | 1,908,000,000 | 1,906,000,000 | 1,932,000,000 | 1,744,000,000 | 1,654,000,000 | 1,471,000,000 | 1,590,000,000 | 1,611,000,000 | 1,760,000,000 | 1,889,000,000 | 1,917,000,000 | 1,939,000,000 | 1,549,000,000 | 1,327,000,000 | 1,290,000,000 | 1,329,000,000 | 1,665,000,000 | 1,697,000,000 | 1,784,000,000 | 2,130,000,000 | 1,934,000,000 | 1,896,000,000 | 1,896,000,000 | 1,881,000,000 | 1,607,000,000 | 1,740,000,000 | 1,752,000,000 | 1,720,000,000 | 1,731,000,000 | 1,855,000,000 | 1,869,000,000 | 2,124,000,000 | 2,154,000,000 | 2,183,000,000 | 2,161,000,000 | 1,788,000,000 | 1,780,000,000 | 1,801,000,000 | 1,810,000,000 | 1,856,000,000 | 1,769,000,000 | 1,726,000,000 | 1,622,000,000 | 1,506,000,000 | 1,588,000,000 | 1,570,000,000 | 1,602,000,000 | 1,464,000,000 | 1,148,000,000 | 1,147,700,000 | 1,015,000,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
valero energy corporation stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 3,000,000 | 3,000,000 | 2,600,000 | 1,200,000 |
additional paid-in capital | 6,972,000,000 | 6,956,000,000 | 6,944,000,000 | 6,939,000,000 | 6,940,000,000 | 6,929,000,000 | 6,916,000,000 | 6,901,000,000 | 6,900,000,000 | 6,889,000,000 | 6,877,000,000 | 6,863,000,000 | 6,858,000,000 | 6,845,000,000 | 6,832,000,000 | 6,827,000,000 | 6,830,000,000 | 6,819,000,000 | 6,810,000,000 | 6,814,000,000 | 6,834,000,000 | 6,824,000,000 | 6,814,000,000 | 6,821,000,000 | 6,818,000,000 | 6,812,000,000 | 6,802,000,000 | 7,048,000,000 | 7,042,000,000 | 7,032,000,000 | 7,026,000,000 | 7,039,000,000 | 7,060,000,000 | 7,096,000,000 | 7,096,000,000 | 7,088,000,000 | 7,108,000,000 | 7,055,000,000 | 7,057,000,000 | 7,064,000,000 | 7,074,000,000 | 7,076,000,000 | 7,083,000,000 | 7,116,000,000 | 7,137,000,000 | 7,132,000,000 | 7,134,000,000 | 7,187,000,000 | 7,232,000,000 | 7,237,000,000 | 7,245,000,000 | 7,322,000,000 | 7,409,000,000 | 7,477,000,000 | 7,479,000,000 | 7,486,000,000 | 7,559,000,000 | 7,616,000,000 | 7,641,000,000 | 7,839,000,000 | 7,833,000,000 | 7,879,000,000 | 7,896,000,000 | 7,975,000,000 | 7,987,000,000 | 7,194,000,000 | 7,190,000,000 | 7,252,000,000 | 7,215,000,000 | 7,258,000,000 | 7,111,000,000 | 7,366,000,000 | 7,446,000,000 | 7,543,000,000 | 7,779,000,000 | 7,774,000,000 | 7,839,000,000 | 7,952,000,000 | 8,164,000,000 | 8,290,000,000 | 4,418,000,000 | 4,357,500,000 | 3,922,600,000 |
treasury stock | -29,686,000,000 | -28,757,000,000 | -28,417,000,000 | -28,178,000,000 | -27,938,000,000 | -27,373,000,000 | -26,330,000,000 | -25,322,000,000 | -24,381,000,000 | -22,586,000,000 | -21,637,000,000 | -20,197,000,000 | -18,466,000,000 | -17,537,000,000 | -15,794,000,000 | -15,677,000,000 | -15,696,000,000 | -15,696,000,000 | -15,700,000,000 | -15,719,000,000 | -15,759,000,000 | -15,760,000,000 | -15,764,000,000 | -15,648,000,000 | -15,472,000,000 | -15,170,000,000 | -14,958,000,000 | -14,925,000,000 | -14,334,000,000 | -13,923,000,000 | -13,588,000,000 | -13,315,000,000 | -12,939,000,000 | -12,660,000,000 | -12,310,000,000 | -12,027,000,000 | -11,926,000,000 | -11,417,000,000 | -11,007,000,000 | -10,799,000,000 | -10,095,000,000 | -9,054,000,000 | -8,390,000,000 | -8,125,000,000 | -7,773,000,000 | -7,474,000,000 | -7,168,000,000 | -7,054,000,000 | -6,856,000,000 | -6,818,000,000 | -6,605,000,000 | -6,437,000,000 | -6,455,000,000 | -6,568,000,000 | -6,542,000,000 | -6,475,000,000 | -6,491,000,000 | -6,312,000,000 | -6,361,000,000 | -6,615,000,000 | -6,620,000,000 | -6,688,000,000 | -6,721,000,000 | -6,830,000,000 | -6,856,000,000 | -6,875,000,000 | -6,884,000,000 | -6,783,000,000 | -6,733,000,000 | -6,574,000,000 | -6,097,000,000 | -5,308,000,000 | -4,876,000,000 | -1,396,000,000 | -1,281,000,000 | -868,000,000 | -420,000,000 | -196,000,000 | -83,000,000 | -198,500,000 | -41,400,000 | ||
retained earnings | 47,169,000,000 | 46,425,000,000 | 46,065,000,000 | 47,016,000,000 | 47,074,000,000 | 47,052,000,000 | 46,519,000,000 | 45,630,000,000 | 44,774,000,000 | 42,512,000,000 | 40,935,000,000 | 38,247,000,000 | 35,510,000,000 | 33,079,000,000 | 28,785,000,000 | 28,281,000,000 | 27,673,000,000 | 27,610,000,000 | 27,849,000,000 | 28,953,000,000 | 29,712,000,000 | 30,575,000,000 | 29,722,000,000 | 31,974,000,000 | 31,283,000,000 | 31,046,000,000 | 30,810,000,000 | 31,044,000,000 | 30,430,000,000 | 29,915,000,000 | 29,415,000,000 | 29,200,000,000 | 27,135,000,000 | 26,603,000,000 | 26,366,000,000 | 26,366,000,000 | 26,270,000,000 | 25,933,000,000 | 25,401,000,000 | 25,188,000,000 | 25,130,000,000 | 23,953,000,000 | 22,804,000,000 | 22,046,000,000 | 21,034,000,000 | 20,120,000,000 | 19,665,000,000 | 18,970,000,000 | 17,804,000,000 | 17,593,000,000 | 17,575,000,000 | 17,032,000,000 | 16,119,000,000 | 15,542,000,000 | 14,794,000,000 | 15,309,000,000 | 15,347,000,000 | 14,173,000,000 | 13,458,000,000 | 13,855,000,000 | 13,591,000,000 | 13,036,000,000 | 13,178,000,000 | 14,670,000,000 | 15,384,000,000 | 15,715,000,000 | 15,484,000,000 | 18,839,000,000 | 17,765,000,000 | 17,110,000,000 | 16,914,000,000 | 16,413,000,000 | 15,204,000,000 | 13,022,000,000 | 11,951,000,000 | 10,885,000,000 | 9,331,000,000 | 7,484,000,000 | 6,673,000,000 | 5,359,000,000 | 4,526,000,000 | 3,199,600,000 | 1,482,700,000 |
accumulated other comprehensive loss | -708,000,000 | -553,000,000 | -1,109,000,000 | -1,272,000,000 | -830,000,000 | -1,172,000,000 | -1,055,000,000 | -870,000,000 | -1,325,000,000 | -971,000,000 | -1,205,000,000 | -1,359,000,000 | -1,997,000,000 | -1,425,000,000 | -1,009,000,000 | -1,008,000,000 | -1,338,000,000 | -1,089,000,000 | -1,165,000,000 | -1,254,000,000 | -1,571,000,000 | -1,799,000,000 | -1,937,000,000 | -1,351,000,000 | -1,529,000,000 | -1,350,000,000 | -1,352,000,000 | -1,507,000,000 | -1,235,000,000 | -1,262,000,000 | -983,000,000 | -940,000,000 | -893,000,000 | -1,123,000,000 | -1,334,000,000 | -1,410,000,000 | -1,120,000,000 | -1,002,000,000 | -802,000,000 | -933,000,000 | -795,000,000 | -529,000,000 | -730,000,000 | -115,000,000 | -237,000,000 | ||||||||||||||||||||||||||||||||||||||
total valero energy corporation stockholders’ equity | 23,754,000,000 | 24,078,000,000 | 23,490,000,000 | 24,512,000,000 | 25,253,000,000 | 25,443,000,000 | 26,057,000,000 | 26,346,000,000 | 25,975,000,000 | 25,851,000,000 | 24,977,000,000 | 23,561,000,000 | 21,912,000,000 | 20,969,000,000 | 18,821,000,000 | 18,430,000,000 | 17,476,000,000 | 17,651,000,000 | 17,801,000,000 | 18,801,000,000 | 19,223,000,000 | 19,847,000,000 | 18,842,000,000 | 21,803,000,000 | 21,107,000,000 | 21,345,000,000 | 21,309,000,000 | 21,667,000,000 | 21,910,000,000 | 21,769,000,000 | 21,877,000,000 | 21,991,000,000 | 20,370,000,000 | 19,923,000,000 | 19,825,000,000 | 20,024,000,000 | 20,339,000,000 | 20,576,000,000 | 20,656,000,000 | 20,527,000,000 | 21,321,000,000 | 21,453,000,000 | 20,774,000,000 | 20,677,000,000 | 20,554,000,000 | 20,211,000,000 | 19,915,000,000 | 19,460,000,000 | 18,270,000,000 | 17,920,000,000 | 18,343,000,000 | 18,032,000,000 | 17,332,000,000 | 16,577,000,000 | 15,959,000,000 | 16,423,000,000 | 16,654,000,000 | 15,982,000,000 | |||||||||||||||||||||||||
noncontrolling interests | 2,992,000,000 | 2,869,000,000 | 2,825,000,000 | 3,009,000,000 | 2,747,000,000 | 2,807,000,000 | 2,767,000,000 | 2,178,000,000 | 2,082,000,000 | 2,143,000,000 | 2,090,000,000 | 1,907,000,000 | 1,803,000,000 | 1,764,000,000 | 1,589,000,000 | 1,387,000,000 | 1,113,000,000 | 1,053,000,000 | 926,000,000 | 841,000,000 | 793,000,000 | 787,000,000 | 843,000,000 | 733,000,000 | 481,000,000 | 492,000,000 | 470,000,000 | 1,064,000,000 | 1,050,000,000 | 1,035,000,000 | 1,048,000,000 | 909,000,000 | 854,000,000 | 842,000,000 | 826,000,000 | 830,000,000 | 791,000,000 | 828,000,000 | 839,000,000 | 827,000,000 | 547,000,000 | 553,000,000 | 568,000,000 | 567,000,000 | 508,000,000 | 509,000,000 | 493,000,000 | 486,000,000 | 117,000,000 | 105,000,000 | 75,000,000 | 16,000,000 | |||||||||||||||||||||||||||||||
total equity | 26,746,000,000 | 26,947,000,000 | 26,315,000,000 | 27,521,000,000 | 28,000,000,000 | 28,250,000,000 | 28,824,000,000 | 28,524,000,000 | 28,057,000,000 | 27,994,000,000 | 27,067,000,000 | 25,468,000,000 | 23,715,000,000 | 22,733,000,000 | 20,410,000,000 | 19,817,000,000 | 18,589,000,000 | 18,704,000,000 | 18,727,000,000 | 19,642,000,000 | 20,016,000,000 | 20,634,000,000 | 19,685,000,000 | 22,536,000,000 | 21,588,000,000 | 21,837,000,000 | 21,779,000,000 | 22,731,000,000 | 22,960,000,000 | 22,804,000,000 | 22,925,000,000 | 22,900,000,000 | 21,224,000,000 | 20,765,000,000 | 20,651,000,000 | 20,854,000,000 | 21,130,000,000 | 21,404,000,000 | 21,495,000,000 | 21,354,000,000 | 21,868,000,000 | 22,006,000,000 | 21,342,000,000 | 21,244,000,000 | 21,062,000,000 | 20,720,000,000 | 20,408,000,000 | 19,946,000,000 | 18,387,000,000 | 18,025,000,000 | 18,418,000,000 | 18,095,000,000 | 17,386,000,000 | 16,623,000,000 | 15,992,000,000 | 16,445,000,000 | 16,670,000,000 | 15,992,000,000 | |||||||||||||||||||||||||
total liabilities and equity | 58,615,000,000 | 59,433,000,000 | 59,177,000,000 | 60,143,000,000 | 60,382,000,000 | 63,615,000,000 | 62,574,000,000 | 63,056,000,000 | 63,175,000,000 | 60,667,000,000 | 60,177,000,000 | 60,982,000,000 | 59,329,000,000 | 64,345,000,000 | 60,402,000,000 | 57,888,000,000 | 54,691,000,000 | 55,456,000,000 | 53,614,000,000 | 51,774,000,000 | 51,732,000,000 | 49,099,000,000 | 47,747,000,000 | 53,864,000,000 | 51,229,000,000 | 52,022,000,000 | 52,095,000,000 | 50,155,000,000 | 51,894,000,000 | 50,678,000,000 | 49,376,000,000 | 50,158,000,000 | 47,988,000,000 | 45,974,000,000 | 46,047,000,000 | 46,173,000,000 | 46,265,000,000 | 45,452,000,000 | 44,259,000,000 | 44,343,000,000 | 45,825,000,000 | 47,599,000,000 | 45,741,000,000 | 45,550,000,000 | 48,455,000,000 | 47,013,000,000 | 47,099,000,000 | 47,260,000,000 | 46,293,000,000 | 44,177,000,000 | 45,501,000,000 | 44,477,000,000 | 43,792,000,000 | 41,188,000,000 | 42,634,000,000 | 42,783,000,000 | 41,683,000,000 | 39,526,000,000 | |||||||||||||||||||||||||
current portion of debt and capital lease obligations | 238,000,000 | 199,000,000 | 183,000,000 | 871,000,000 | 122,000,000 | 121,000,000 | 121,000,000 | 120,000,000 | 115,000,000 | 1,064,000,000 | 864,000,000 | 128,000,000 | 127,000,000 | 129,000,000 | 150,000,000 | 200,000,000 | 606,000,000 | 600,000,000 | 601,000,000 | 704,000,000 | 303,000,000 | 303,000,000 | 303,000,000 | 406,000,000 | 586,000,000 | 585,000,000 | 582,000,000 | 1,143,000,000 | 1,009,000,000 | 867,000,000 | 861,000,000 | 312,000,000 | 523,000,000 | 523,000,000 | 635,000,000 | 237,000,000 | 213,000,000 | 137,000,000 | 312,000,000 | 312,000,000 | |||||||||||||||||||||||||||||||||||||||||||
debt and capital lease obligations, less current portion | 8,871,000,000 | 8,877,000,000 | 8,876,000,000 | 8,086,000,000 | 8,750,000,000 | 8,364,000,000 | 8,366,000,000 | 8,369,000,000 | 7,886,000,000 | 7,888,000,000 | 6,646,000,000 | 7,207,000,000 | 7,250,000,000 | 7,252,000,000 | 7,199,000,000 | 7,224,000,000 | 5,780,000,000 | 5,783,000,000 | 5,784,000,000 | 5,860,000,000 | 6,261,000,000 | 6,261,000,000 | 6,261,000,000 | 6,463,000,000 | 6,463,000,000 | 6,463,000,000 | 6,460,000,000 | 6,460,000,000 | 6,732,000,000 | 6,781,000,000 | 6,762,000,000 | 7,517,000,000 | 7,513,000,000 | 7,511,000,000 | 7,718,000,000 | 7,163,000,000 | 7,162,000,000 | 7,231,000,000 | 7,264,000,000 | 6,264,000,000 | |||||||||||||||||||||||||||||||||||||||||||
cash and temporary cash investments | 4,658,000,000 | 5,850,000,000 | 5,176,000,000 | 5,207,000,000 | 4,463,000,000 | 4,816,000,000 | 5,949,000,000 | 4,925,000,000 | 3,778,000,000 | 4,114,000,000 | 5,301,000,000 | 5,764,000,000 | 4,870,000,000 | 3,689,000,000 | 4,191,000,000 | 3,480,000,000 | 3,647,000,000 | 4,292,000,000 | 1,908,000,000 | 2,398,000,000 | 1,857,000,000 | 1,723,000,000 | 2,549,000,000 | 1,295,000,000 | 1,559,000,000 | 1,024,000,000 | 2,829,000,000 | 4,107,000,000 | 4,133,000,000 | 2,352,000,000 | 2,001,000,000 | 1,887,000,000 | 825,000,000 | 1,605,000,000 | 1,623,000,000 | 1,715,000,000 | 940,000,000 | 2,767,000,000 | 1,644,000,000 | 1,431,000,000 | 2,464,000,000 | 3,109,000,000 | 2,336,000,000 | 1,696,000,000 | 1,590,000,000 | 1,029,000,000 | 937,000,000 | 436,000,000 | 436,000,000 | 737,000,000 | 949,000,000 | 863,600,000 | 369,200,000 | ||||||||||||||||||||||||||||||
deferred income taxes | 7,362,000,000 | 7,254,000,000 | 7,196,000,000 | 7,361,000,000 | 7,369,000,000 | 7,279,000,000 | 7,192,000,000 | 74,000,000 | 98,000,000 | 141,000,000 | 121,000,000 | 162,000,000 | 229,000,000 | 275,000,000 | 256,000,000 | 266,000,000 | 257,000,000 | 246,000,000 | 280,000,000 | 274,000,000 | 292,000,000 | 246,000,000 | 358,000,000 | 283,000,000 | 254,000,000 | 285,000,000 | 262,000,000 | 184,000,000 | 171,000,000 | 175,000,000 | 180,000,000 | 150,000,000 | 132,000,000 | 78,000,000 | 98,000,000 | 306,000,000 | 388,000,000 | 271,000,000 | 247,000,000 | 197,000,000 | 183,000,000 | 147,000,000 | 143,000,000 | 156,000,000 | 176,000,000 | 145,000,000 | 142,000,000 | 106,000,000 | 175,200,000 | ||||||||||||||||||||||||||||||||||
taxes other than income taxes | 1,076,000,000 | 971,000,000 | 1,084,000,000 | 1,036,000,000 | 1,050,000,000 | 957,000,000 | 1,069,000,000 | 1,113,000,000 | 1,207,000,000 | 1,052,000,000 | 1,209,000,000 | 1,282,000,000 | 1,286,000,000 | 1,139,000,000 | 1,345,000,000 | 1,287,000,000 | 1,239,000,000 | 1,314,000,000 | 1,026,000,000 | 1,349,000,000 | 1,334,000,000 | 1,294,000,000 | 1,264,000,000 | 1,053,000,000 | 627,000,000 | 517,000,000 | 561,000,000 | 572,000,000 | 604,000,000 | 725,000,000 | 667,000,000 | 557,000,000 | 501,000,000 | 592,000,000 | 542,000,000 | 566,000,000 | 534,000,000 | 632,000,000 | 612,000,000 | 603,000,000 | 577,000,000 | 586,000,000 | 550,000,000 | 598,000,000 | 487,000,000 | 595,000,000 | 470,000,000 | 430,000,000 | 479,800,000 | 364,800,000 | |||||||||||||||||||||||||||||||||
income taxes receivable | 58,000,000 | 50,000,000 | 48,000,000 | 174,000,000 | 218,000,000 | 7,000,000 | 13,000,000 | 53,000,000 | 97,000,000 | 79,000,000 | 93,000,000 | 104,000,000 | 72,000,000 | 108,000,000 | 56,000,000 | 90,000,000 | 169,000,000 | 40,000,000 | 287,000,000 | 226,000,000 | 212,000,000 | 5,000,000 | 118,000,000 | 316,000,000 | 100,000,000 | 79,000,000 | 58,000,000 | 888,000,000 | 81,000,000 | 27,000,000 | 86,000,000 | 197,000,000 | 32,000,000 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -367,000,000 | 149,000,000 | 426,000,000 | 277,000,000 | 350,000,000 | 83,000,000 | -99,000,000 | 121,000,000 | 108,000,000 | 252,000,000 | 119,000,000 | 221,000,000 | 96,000,000 | 232,000,000 | 498,000,000 | 479,000,000 | 314,000,000 | 240,000,000 | 432,000,000 | 365,000,000 | 68,000,000 | -176,000,000 | 400,000,000 | 427,000,000 | 432,000,000 | 573,000,000 | 491,000,000 | 335,000,000 | 233,000,000 | 265,000,000 | 431,000,000 | 403,000,000 | 323,000,000 | 335,000,000 | 149,000,000 | 88,000,000 | 228,700,000 | 169,600,000 | |||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 156,000,000 | 160,000,000 | 159,000,000 | 203,000,000 | 213,000,000 | 216,000,000 | 218,000,000 | 227,000,000 | 227,000,000 | 251,000,000 | 222,000,000 | 225,000,000 | 224,000,000 | 223,000,000 | 226,000,000 | 227,000,000 | 229,000,000 | 221,000,000 | 213,000,000 | 224,000,000 | 252,000,000 | 268,000,000 | 275,000,000 | 290,000,000 | 298,000,000 | 293,000,000 | 293,000,000 | 303,000,000 | 309,000,000 | 293,000,000 | 289,000,000 | 298,000,000 | 307,000,000 | 297,000,000 | 310,700,000 | 320,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment, at cost | 33,652,000,000 | 33,087,000,000 | 34,470,000,000 | 34,132,000,000 | 33,454,000,000 | 32,832,000,000 | 32,253,000,000 | 32,253,000,000 | 31,066,000,000 | 29,866,000,000 | 29,404,000,000 | 29,930,000,000 | 29,439,000,000 | 29,186,000,000 | 28,606,000,000 | 29,863,000,000 | 29,688,000,000 | 28,644,000,000 | 28,103,000,000 | 27,454,000,000 | 26,768,000,000 | 26,289,000,000 | 25,787,000,000 | 25,077,000,000 | 24,452,000,000 | 24,793,000,000 | 24,377,000,000 | 23,666,000,000 | 22,893,000,000 | 21,131,000,000 | 20,388,000,000 | 19,511,000,000 | 13,047,000,000 | 12,295,600,000 | 9,748,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 25,642,000,000 | 25,386,000,000 | 26,398,000,000 | 26,300,000,000 | 25,873,000,000 | 25,521,000,000 | 25,155,000,000 | 25,177,000,000 | 24,219,000,000 | 23,206,000,000 | 22,895,000,000 | 23,590,000,000 | 23,363,000,000 | 23,335,000,000 | 23,012,000,000 | 24,231,000,000 | 24,284,000,000 | 23,532,000,000 | 23,213,000,000 | 22,743,000,000 | 22,275,000,000 | 21,984,000,000 | 21,709,000,000 | 21,224,000,000 | 20,785,000,000 | 21,294,000,000 | 21,098,000,000 | 20,564,000,000 | 19,988,000,000 | 18,424,000,000 | 17,856,000,000 | 17,152,000,000 | 10,839,000,000 | 10,317,400,000 | 8,195,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 63,000,000 | 54,000,000 | 46,000,000 | 33,000,000 | 22,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 15,224,000,000 | 15,400,000,000 | 15,051,000,000 | 14,666,000,000 | 14,725,000,000 | 15,890,000,000 | 16,407,000,000 | 15,803,000,000 | 15,620,000,000 | 19,714,000,000 | 18,680,000,000 | 18,232,000,000 | 18,507,000,000 | 18,968,000,000 | 18,115,000,000 | 18,730,000,000 | 18,605,000,000 | 17,815,000,000 | 16,764,000,000 | 15,398,000,000 | 15,050,000,000 | 13,794,000,000 | 8,899,000,000 | 7,798,000,000 | 5,735,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 39,592,000,000 | 37,276,000,000 | 36,477,000,000 | 36,465,000,000 | 36,805,000,000 | 37,221,000,000 | 35,776,000,000 | 34,417,000,000 | 43,807,000,000 | 43,656,000,000 | 40,669,000,000 | 42,722,000,000 | 41,861,000,000 | 40,350,000,000 | 38,187,000,000 | 37,753,000,000 | 36,642,000,000 | 36,524,000,000 | 33,303,000,000 | 32,728,000,000 | 32,774,000,000 | 21,641,000,000 | 19,391,600,000 | 15,664,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 335,000,000 | 1,613,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets related to discontinued operations | 25,000,000 | 11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to discontinued operations | 89,000,000 | 102,000,000 | 160,000,000 | 214,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 13,000,000 | 129,000,000 | 122,000,000 | 144,000,000 | 141,000,000 | 139,000,000 | 131,000,000 | 121,000,000 | 100,000,000 | 41,000,000 | 31,000,000 | 31,000,000 | 31,000,000 | 31,000,000 | 31,000,000 | 31,000,000 | 31,000,000 | 30,000,000 | 30,000,000 | 90,000,000 | 24,000,000 | 24,500,000 | 43,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale and assets related to discontinued operations | 25,000,000 | 219,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term assets related to discontinued operations | 72,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term liabilities related to discontinued operations | 11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’equity | 35,629,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 4,057,000,000 | 4,039,000,000 | 4,060,000,000 | 4,061,000,000 | 4,061,000,000 | 4,092,000,000 | 4,209,000,000 | 4,211,000,000 | 4,263,000,000 | 4,311,000,000 | 4,924,000,000 | 4,926,000,000 | 4,963,000,000 | 2,431,000,000 | 2,401,200,000 | 2,401,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to assets held for sale | 10,000,000 | 53,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt and capital lease obligations | 211,000,000 | 212,000,000 | 3,000,000 | 392,000,000 | 60,000,000 | 66,000,000 | 297,000,000 | 476,000,000 | 238,000,000 | 230,000,000 | 3,000,000 | 222,000,000 | 269,000,000 | 236,000,000 | 411,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital lease obligations, less current portion | 6,264,000,000 | 6,263,000,000 | 6,471,000,000 | 6,470,000,000 | 6,854,000,000 | 6,855,000,000 | 4,649,000,000 | 6,109,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in valero l.p. | 480,000,000 | 481,000,000 | 326,000,000 | 327,000,000 | 292,000,000 | 262,000,000 | 264,600,000 | 264,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt, less current portion | 4,576,000,000 | 4,815,000,000 | 4,868,000,000 | 5,089,000,000 | 5,109,000,000 | 3,607,000,000 | 3,893,300,000 | 4,239,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligations, less current portion | 81,000,000 | 82,000,000 | 45,000,000 | 46,000,000 | 47,000,000 | 34,000,000 | 7,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | 53,000,000 | 53,000,000 | 68,000,000 | 76,000,000 | 157,000,000 | 208,100,000 | 200,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in consolidated subsidiary | 226,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt | 45,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current deferred income tax assets | 118,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 44,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term debt and current portion of long-term debt and capital lease obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligations | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
company-obligated preferred securities of subsidiary trusts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in valero l.p. |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 1,066,000,000 | 663,000,000 | -652,000,000 | 357,000,000 | 393,000,000 | 926,000,000 | 1,330,000,000 | 1,218,000,000 | 2,663,000,000 | 2,122,000,000 | 3,146,000,000 | 3,232,000,000 | 2,912,000,000 | 4,768,000,000 | 967,000,000 | 1,110,000,000 | 508,000,000 | 292,000,000 | -622,000,000 | -309,000,000 | -379,000,000 | 1,335,000,000 | -1,754,000,000 | 1,330,000,000 | 639,000,000 | 648,000,000 | 167,000,000 | 1,022,000,000 | 874,000,000 | 875,000,000 | 582,000,000 | 2,400,000,000 | 863,000,000 | 572,000,000 | 321,000,000 | 416,000,000 | 645,000,000 | 843,000,000 | 513,000,000 | 395,000,000 | 1,373,000,000 | 1,365,000,000 | 968,000,000 | 1,220,000,000 | 1,062,000,000 | 593,000,000 | 836,000,000 | 1,287,000,000 | 324,000,000 | 465,000,000 | 652,000,000 | 1,009,000,000 | 673,000,000 | 830,000,000 | -432,000,000 | 45,000,000 | 1,203,000,000 | 743,000,000 | 98,000,000 | 292,000,000 | 583,000,000 | -113,000,000 | -1,408,000,000 | -629,000,000 | -254,000,000 | 309,000,000 | -3,278,000,000 | 1,152,000,000 | 734,000,000 | 261,000,000 | 567,000,000 | 1,274,000,000 | 2,249,000,000 | 1,144,000,000 | 1,114,000,000 | 1,603,000,000 | 1,897,000,000 | 849,000,000 | 1,347,000,000 | 862,000,000 |
adjustments to reconcile net income to net cash fromoperating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization expense | 836,000,000 | 814,000,000 | 691,000,000 | 698,000,000 | 685,000,000 | 696,000,000 | 695,000,000 | 690,000,000 | 682,000,000 | 669,000,000 | 660,000,000 | 633,000,000 | 632,000,000 | 602,000,000 | 606,000,000 | 598,000,000 | 641,000,000 | 588,000,000 | 578,000,000 | 577,000,000 | 614,000,000 | 578,000,000 | 582,000,000 | 571,000,000 | 567,000,000 | 566,000,000 | 551,000,000 | 531,000,000 | 517,000,000 | 523,000,000 | 498,000,000 | 490,000,000 | 497,000,000 | 499,000,000 | 500,000,000 | 468,000,000 | 470,000,000 | 471,000,000 | 485,000,000 | 494,000,000 | 482,000,000 | 425,000,000 | 441,000,000 | 425,000,000 | 430,000,000 | 414,000,000 | 421,000,000 | 437,000,000 | 448,000,000 | 405,000,000 | 430,000,000 | 402,000,000 | 402,000,000 | 386,000,000 | 384,000,000 | 393,000,000 | 390,000,000 | 386,000,000 | 365,000,000 | 372,000,000 | 367,000,000 | 357,000,000 | 371,000,000 | 389,000,000 | 389,000,000 | 378,000,000 | 370,000,000 | 370,000,000 | 369,000,000 | 367,000,000 | 357,000,000 | 344,000,000 | 341,000,000 | 334,000,000 | 308,000,000 | 294,000,000 | 293,000,000 | 260,000,000 | 260,000,000 | 232,000,000 |
asset impairment loss | 0 | 0 | 1,131,000,000 | 0 | 0 | 345,000,000 | 0 | 611,000,000 | 0 | 32,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | -29,000,000 | 65,000,000 | -324,000,000 | 172,000,000 | -99,000,000 | -234,000,000 | -239,000,000 | -162,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in current assets and current liabilities | 325,000,000 | -325,000,000 | 157,000,000 | 0 | 166,000,000 | 789,000,000 | -160,000,000 | -631,000,000 | 33,000,000 | -1,194,000,000 | -534,000,000 | -9,000,000 | -1,489,000,000 | 594,000,000 | -722,000,000 | 595,000,000 | 379,000,000 | 1,067,000,000 | 184,000,000 | -113,000,000 | 246,000,000 | 629,000,000 | -1,107,000,000 | -434,000,000 | 315,000,000 | 283,000,000 | 130,000,000 | -123,000,000 | -729,000,000 | 581,000,000 | -1,026,000,000 | 745,000,000 | -315,000,000 | 708,000,000 | 151,000,000 | 23,000,000 | -177,000,000 | 1,307,000,000 | -177,000,000 | -1,352,000,000 | -569,000,000 | 558,000,000 | 57,000,000 | -1,002,000,000 | 216,000,000 | 64,000,000 | -1,088,000,000 | 1,153,000,000 | -675,000,000 | 189,000,000 | 255,000,000 | -1,653,000,000 | 626,000,000 | -338,000,000 | 1,063,000,000 | -759,000,000 | -307,000,000 | -456,000,000 | 1,603,000,000 | -21,000,000 | -140,000,000 | 753,000,000 | -899,000,000 | 597,000,000 | 653,000,000 | -96,000,000 | -2,011,000,000 | 192,000,000 | 200,000,000 | -11,000,000 | 411,000,000 | -940,000,000 | -278,000,000 | 338,000,000 | -15,000,000 | -510,000,000 | -156,000,000 | 537,000,000 | 93,000,000 | |
changes in deferred charges and credits and other operating activities | -317,000,000 | -281,000,000 | -51,000,000 | 24,000,000 | 29,000,000 | 92,000,000 | 50,000,000 | -109,000,000 | 57,000,000 | -190,000,000 | -145,000,000 | 6,000,000 | -156,000,000 | -20,000,000 | -79,000,000 | -66,000,000 | 26,000,000 | -51,000,000 | -45,000,000 | -53,000,000 | -149,000,000 | -12,000,000 | 17,000,000 | -7,000,000 | -13,000,000 | -43,000,000 | -69,000,000 | -234,000,000 | 121,000,000 | 9,000,000 | 3,000,000 | -99,000,000 | -40,000,000 | -9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 1,881,000,000 | 936,000,000 | 952,000,000 | 1,070,000,000 | 1,295,000,000 | 2,472,000,000 | 1,846,000,000 | 1,239,000,000 | 3,308,000,000 | 1,512,000,000 | 3,170,000,000 | 4,096,000,000 | 2,045,000,000 | 5,845,000,000 | 588,000,000 | 2,454,000,000 | 1,449,000,000 | 2,008,000,000 | -52,000,000 | 96,000,000 | 165,000,000 | 736,000,000 | -49,000,000 | 1,708,000,000 | 1,429,000,000 | 1,517,000,000 | 877,000,000 | 1,678,000,000 | 496,000,000 | 2,059,000,000 | 138,000,000 | 1,660,000,000 | 1,037,000,000 | 1,797,000,000 | 988,000,000 | 998,000,000 | 863,000,000 | 2,319,000,000 | 640,000,000 | 487,000,000 | 1,362,000,000 | 2,329,000,000 | 1,433,000,000 | 997,000,000 | 1,866,000,000 | 1,134,000,000 | 244,000,000 | 2,529,000,000 | 221,000,000 | 1,265,000,000 | 1,549,000,000 | 163,000,000 | 2,113,000,000 | 1,290,000,000 | 1,704,000,000 | -290,000,000 | 1,374,000,000 | 896,000,000 | 2,058,000,000 | 852,000,000 | 788,000,000 | 982,000,000 | -117,000,000 | 533,000,000 | 626,000,000 | 781,000,000 | -485,000,000 | 1,675,000,000 | 1,174,000,000 | 628,000,000 | 1,252,000,000 | -345,000,000 | 2,465,000,000 | 1,886,000,000 | 1,216,000,000 | 1,273,000,000 | 2,083,000,000 | 1,740,000,000 | 1,954,000,000 | 2,082,000,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -171,000,000 | -144,000,000 | -189,000,000 | -250,000,000 | -152,000,000 | -119,000,000 | -128,000,000 | -197,000,000 | -157,000,000 | -136,000,000 | -175,000,000 | -236,000,000 | -228,000,000 | -172,000,000 | -152,000,000 | -145,000,000 | -107,000,000 | -101,000,000 | -160,000,000 | -239,000,000 | -220,000,000 | -256,000,000 | -299,000,000 | -448,000,000 | -274,000,000 | -461,000,000 | -444,000,000 | -460,000,000 | -428,000,000 | -384,000,000 | -356,000,000 | -440,000,000 | -341,000,000 | -293,000,000 | -279,000,000 | -366,000,000 | -302,000,000 | -294,000,000 | -316,000,000 | -432,000,000 | -358,000,000 | -370,000,000 | -458,000,000 | -700,000,000 | -499,000,000 | -566,000,000 | -388,000,000 | -431,000,000 | -479,000,000 | -634,000,000 | -577,000,000 | -802,000,000 | -709,000,000 | -694,000,000 | -726,000,000 | -771,000,000 | -615,000,000 | -531,000,000 | -438,000,000 | -441,000,000 | -403,000,000 | -382,000,000 | -486,000,000 | -469,000,000 | -616,000,000 | -735,000,000 | -939,000,000 | -673,000,000 | -641,000,000 | -537,000,000 | -707,000,000 | -511,000,000 | -491,000,000 | -551,000,000 | -856,000,000 | -743,000,000 | -813,000,000 | -775,000,000 | -844,000,000 | 0 |
free cash flows | 1,710,000,000 | 792,000,000 | 763,000,000 | 820,000,000 | 1,143,000,000 | 2,353,000,000 | 1,718,000,000 | 1,042,000,000 | 3,151,000,000 | 1,376,000,000 | 2,995,000,000 | 3,860,000,000 | 1,817,000,000 | 5,673,000,000 | 436,000,000 | 2,309,000,000 | 1,342,000,000 | 1,907,000,000 | -212,000,000 | -143,000,000 | -55,000,000 | 480,000,000 | -348,000,000 | 1,260,000,000 | 1,155,000,000 | 1,056,000,000 | 433,000,000 | 1,218,000,000 | 68,000,000 | 1,675,000,000 | -218,000,000 | 1,220,000,000 | 696,000,000 | 1,504,000,000 | 709,000,000 | 632,000,000 | 561,000,000 | 2,025,000,000 | 324,000,000 | 55,000,000 | 1,004,000,000 | 1,959,000,000 | 975,000,000 | 297,000,000 | 1,367,000,000 | 568,000,000 | -144,000,000 | 2,098,000,000 | -258,000,000 | 631,000,000 | 972,000,000 | -639,000,000 | 1,404,000,000 | 596,000,000 | 978,000,000 | -1,061,000,000 | 759,000,000 | 365,000,000 | 1,620,000,000 | 411,000,000 | 385,000,000 | 600,000,000 | -603,000,000 | 64,000,000 | 10,000,000 | 46,000,000 | -1,424,000,000 | 1,002,000,000 | 533,000,000 | 91,000,000 | 545,000,000 | -856,000,000 | 1,974,000,000 | 1,335,000,000 | 360,000,000 | 530,000,000 | 1,270,000,000 | 965,000,000 | 1,110,000,000 | 2,082,000,000 |
capital expenditures of vies: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diamond green diesel holdings llc | -4,000,000 | -4,000,000 | -59,000,000 | -52,000,000 | -56,000,000 | -73,000,000 | -69,000,000 | -52,000,000 | -61,000,000 | -32,000,000 | -90,000,000 | -171,000,000 | -224,000,000 | -239,000,000 | -219,000,000 | -312,000,000 | -332,000,000 | -245,000,000 | -153,000,000 | -212,000,000 | -134,000,000 | -103,000,000 | -74,000,000 | -51,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other vies | -2,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -2,000,000 | -3,000,000 | -7,000,000 | -2,000,000 | -10,000,000 | -11,000,000 | -6,000,000 | -13,000,000 | -51,000,000 | -24,000,000 | -9,000,000 | -26,000,000 | -55,000,000 | -53,000,000 | -81,000,000 | -62,000,000 | -86,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred turnaround and catalyst cost expenditures | -187,000,000 | -247,000,000 | -374,000,000 | -235,000,000 | -208,000,000 | -184,000,000 | -452,000,000 | -281,000,000 | -157,000,000 | -273,000,000 | -235,000,000 | -210,000,000 | -139,000,000 | -228,000,000 | -453,000,000 | -243,000,000 | -118,000,000 | -196,000,000 | -230,000,000 | -94,000,000 | -92,000,000 | -128,000,000 | -309,000,000 | -179,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred turnaround and catalyst cost expenditures of dgd | -45,000,000 | -10,000,000 | -36,000,000 | -9,000,000 | -11,000,000 | -42,000,000 | -9,000,000 | -3,000,000 | -17,000,000 | -15,000,000 | -24,000,000 | -13,000,000 | 0 | -7,000,000 | -6,000,000 | 0 | -5,000,000 | 0 | -1,000,000 | -7,000,000 | -8,000,000 | -6,000,000 | -4,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of available-for-sale (afs) debt securities | -6,000,000 | -7,000,000 | -5,000,000 | -12,000,000 | -3,000,000 | -3,000,000 | -11,000,000 | -39,000,000 | 117,000,000 | -254,000,000 | -100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales and maturities of afs debt securities | 8,000,000 | 7,000,000 | 9,000,000 | 2,000,000 | 11,000,000 | 35,000,000 | 33,000,000 | 94,000,000 | -31,000,000 | 180,000,000 | 71,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in nonconsolidated joint ventures | 0 | 0 | -1,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | 28,000,000 | -5,000,000 | 21,000,000 | 13,000,000 | 13,000,000 | -4,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | -95,000,000 | -8,000,000 | 2,000,000 | 2,000,000 | 5,000,000 | 9,000,000 | 22,000,000 | 2,000,000 | 49,000,000 | 4,000,000 | 2,000,000 | 10,000,000 | 7,000,000 | -4,000,000 | 10,000,000 | -1,000,000 | -1,000,000 | 7,000,000 | 10,000,000 | -8,000,000 | -1,000,000 | -1,000,000 | -8,000,000 | -2,000,000 | 8,000,000 | -4,000,000 | -71,000,000 | 2,000,000 | 29,000,000 | -15,000,000 | -1,000,000 | 2,000,000 | -2,000,000 | -41,000,000 | -1,000,000 | -33,000,000 | -27,000,000 | 4,000,000 | 7,000,000 | -37,000,000 | -1,000,000 | 10,000,000 | -15,000,000 | -5,000,000 | -10,000,000 | -9,000,000 | 4,000,000 | -4,000,000 | 15,000,000 | -13,000,000 | 2,000,000 | -3,000,000 | 6,000,000 | 3,000,000 | 8,000,000 | 7,000,000 | 11,000,000 | 7,000,000 | 11,000,000 | ||||||||||
net cash from investing activities | -379,000,000 | -412,000,000 | -635,000,000 | -544,000,000 | -408,000,000 | -392,000,000 | -637,000,000 | -483,000,000 | -304,000,000 | -529,000,000 | -549,000,000 | -735,000,000 | -610,000,000 | -619,000,000 | -841,000,000 | -747,000,000 | -576,000,000 | -256,000,000 | -580,000,000 | -573,000,000 | -513,000,000 | -582,000,000 | -757,000,000 | -811,000,000 | -635,000,000 | -808,000,000 | -747,000,000 | -1,160,000,000 | -636,000,000 | -1,380,000,000 | -752,000,000 | -642,000,000 | -566,000,000 | -460,000,000 | -714,000,000 | -622,000,000 | -453,000,000 | -450,000,000 | -481,000,000 | -808,000,000 | -465,000,000 | -501,000,000 | -713,000,000 | -858,000,000 | -620,000,000 | -808,000,000 | -558,000,000 | -539,000,000 | -590,000,000 | -823,000,000 | -860,000,000 | -778,000,000 | -832,000,000 | -867,000,000 | -874,000,000 | -1,477,000,000 | -2,327,000,000 | -711,000,000 | -783,000,000 | -504,000,000 | -301,000,000 | -856,000,000 | -609,000,000 | -509,000,000 | -1,265,000,000 | -909,000,000 | -1,053,000,000 | -389,000,000 | -704,000,000 | -716,000,000 | -850,000,000 | 1,719,000,000 | -728,000,000 | -723,000,000 | -459,000,000 | -479,000,000 | -1,020,000,000 | -1,013,000,000 | -931,000,000 | |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt issuance and borrowings | 850,000,000 | 2,300,000,000 | 2,449,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt borrowings of vies: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dgd | 100,000,000 | 250,000,000 | 50,000,000 | 160,000,000 | 0 | 150,000,000 | 100,000,000 | 50,000,000 | 200,000,000 | 150,000,000 | 150,000,000 | 125,000,000 | 325,000,000 | 260,000,000 | 99,000,000 | 201,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of debt and finance lease obligations | -910,000,000 | -2,609,000,000 | -2,047,000,000 | -1,565,000,000 | -2,404,000,000 | -1,650,000,000 | -1,467,000,000 | -54,000,000 | -345,000,000 | -753,000,000 | -973,000,000 | -833,000,000 | -1,654,000,000 | -842,000,000 | -1,738,000,000 | -2,177,000,000 | -609,000,000 | -32,000,000 | -31,000,000 | -29,000,000 | -29,000,000 | -417,000,000 | -15,000,000 | -9,000,000 | -7,000,000 | -882,000,000 | -907,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of debt and finance lease obligations of vies: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of common stock for treasury | -922,000,000 | -338,000,000 | -274,000,000 | -259,000,000 | -560,000,000 | -1,033,000,000 | -1,023,000,000 | -956,000,000 | -1,787,000,000 | -942,000,000 | -1,451,000,000 | -1,808,000,000 | -877,000,000 | -1,748,000,000 | -144,000,000 | -12,000,000 | 0 | -1,000,000 | -14,000,000 | -9,000,000 | 0 | 0 | -147,000,000 | -222,000,000 | -307,000,000 | -212,000,000 | -36,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of excise tax on purchases of common stock for treasury | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividend payments | -351,000,000 | -354,000,000 | -356,000,000 | -339,000,000 | -342,000,000 | -347,000,000 | -356,000,000 | -346,000,000 | -360,000,000 | -367,000,000 | -379,000,000 | -376,000,000 | -386,000,000 | -399,000,000 | -401,000,000 | -401,000,000 | -400,000,000 | -401,000,000 | -400,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interests | 148,000,000 | 0 | 0 | 0 | 90,000,000 | 0 | 0 | 0 | 75,000,000 | 25,000,000 | 0 | 75,000,000 | 165,000,000 | 164,000,000 | 0 | 1,000,000 | 3,000,000 | -2,000,000 | 0 | 0 | 0 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | 0 | -2,000,000 | -129,000,000 | -69,000,000 | -111,000,000 | 0 | -63,000,000 | 0 | -90,000,000 | 0 | 0 | 0 | -81,000,000 | -13,000,000 | -39,000,000 | -53,000,000 | -13,000,000 | -39,000,000 | -11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other financing activities | -1,000,000 | 0 | -6,000,000 | 0 | 0 | 4,000,000 | 0 | -1,000,000 | -10,000,000 | -1,000,000 | 5,000,000 | -10,000,000 | -19,000,000 | -1,000,000 | 3,000,000 | -1,000,000 | -2,000,000 | -15,000,000 | -16,000,000 | -1,000,000 | 1,000,000 | 2,000,000 | -6,000,000 | -25,000,000 | 0 | 1,000,000 | -4,000,000 | -12,000,000 | -5,000,000 | 0 | -2,000,000 | -19,000,000 | -41,000,000 | -6,000,000 | -147,000,000 | 10,000,000 | 11,000,000 | 1,000,000 | 10,000,000 | 3,000,000 | -6,000,000 | -1,000,000 | 28,000,000 | 24,000,000 | 5,000,000 | 3,000,000 | 2,000,000 | 22,000,000 | 9,000,000 | 10,000,000 | -8,000,000 | 10,000,000 | 2,000,000 | 5,000,000 | -1,000,000 | 5,000,000 | -1,000,000 | -8,000,000 | -1,000,000 | 0 | -2,000,000 | -2,000,000 | 0 | -1,000,000 | -2,000,000 | |||||||||||||||
net cash from financing activities | -1,199,000,000 | -849,000,000 | -382,000,000 | -784,000,000 | -1,074,000,000 | -1,547,000,000 | -1,644,000,000 | -1,296,000,000 | -2,125,000,000 | -1,522,000,000 | -1,998,000,000 | -2,580,000,000 | -2,627,000,000 | -2,414,000,000 | -1,228,000,000 | -1,107,000,000 | -873,000,000 | -427,000,000 | -439,000,000 | -393,000,000 | 2,035,000,000 | 630,000,000 | -195,000,000 | -523,000,000 | -649,000,000 | -1,447,000,000 | -378,000,000 | -987,000,000 | -779,000,000 | -829,000,000 | -573,000,000 | -329,000,000 | -615,000,000 | -676,000,000 | -652,000,000 | -1,433,000,000 | 658,000,000 | -693,000,000 | -544,000,000 | -818,000,000 | -1,295,000,000 | -958,000,000 | 526,000,000 | -614,000,000 | -489,000,000 | -515,000,000 | -312,000,000 | 395,000,000 | -145,000,000 | 109,000,000 | -522,000,000 | -188,000,000 | -54,000,000 | -672,000,000 | -319,000,000 | -64,000,000 | -273,000,000 | -217,000,000 | -512,000,000 | -28,000,000 | -341,000,000 | 916,000,000 | -54,000,000 | -85,000,000 | 514,000,000 | 914,000,000 | -265,000,000 | -147,000,000 | -254,000,000 | -941,000,000 | -1,045,000,000 | -603,000,000 | -1,123,000,000 | -1,060,000,000 | -191,000,000 | -704,000,000 | -566,000,000 | -727,000,000 | -1,327,000,000 | |
effect of foreign exchange rate changes on cash | -74,000,000 | 230,000,000 | 43,000,000 | -267,000,000 | 127,000,000 | -36,000,000 | -72,000,000 | 133,000,000 | -123,000,000 | 93,000,000 | 36,000,000 | 112,000,000 | -231,000,000 | -58,000,000 | -3,000,000 | 24,000,000 | -74,000,000 | -7,000,000 | 12,000,000 | 136,000,000 | 41,000,000 | 20,000,000 | -67,000,000 | 72,000,000 | -41,000,000 | -6,000,000 | 43,000,000 | -100,000,000 | 19,000,000 | -57,000,000 | -5,000,000 | -15,000,000 | 113,000,000 | 83,000,000 | 25,000,000 | -76,000,000 | -44,000,000 | -29,000,000 | 49,000,000 | -48,000,000 | -65,000,000 | 24,000,000 | -65,000,000 | -27,000,000 | -46,000,000 | 22,000,000 | -19,000,000 | -1,000,000 | 24,000,000 | -10,000,000 | -33,000,000 | -23,000,000 | 27,000,000 | -15,000,000 | 24,000,000 | 26,000,000 | -52,000,000 | 6,000,000 | 36,000,000 | 31,000,000 | -32,000,000 | 20,000,000 | 0 | 43,000,000 | 33,000,000 | -11,000,000 | -24,000,000 | -16,000,000 | -3,000,000 | -4,000,000 | -2,000,000 | 2,000,000 | 26,000,000 | 3,000,000 | -5,000,000 | 2,000,000 | 3,000,000 | |||
net increase in cash, cash equivalents, and restricted cash | -525,000,000 | -60,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 0 | 0 | 4,829,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 229,000,000 | -95,000,000 | 4,807,000,000 | -60,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | -95,000,000 | -22,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on early retirement of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | -9,000,000 | 22,000,000 | -31,000,000 | -69,000,000 | 71,000,000 | -127,000,000 | 105,000,000 | 54,000,000 | -14,000,000 | -19,000,000 | -46,000,000 | 215,000,000 | -22,000,000 | 265,000,000 | -38,000,000 | -26,000,000 | 2,000,000 | -2,623,000,000 | 56,000,000 | 28,000,000 | -4,000,000 | 37,000,000 | -2,000,000 | 74,000,000 | 121,000,000 | 88,000,000 | 159,000,000 | -21,000,000 | -61,000,000 | 254,000,000 | 118,000,000 | -15,000,000 | 88,000,000 | 13,000,000 | 147,000,000 | 168,000,000 | 173,000,000 | 387,000,000 | 96,000,000 | 419,000,000 | 61,000,000 | 68,000,000 | 227,000,000 | 210,000,000 | -44,000,000 | 202,000,000 | 66,000,000 | 17,000,000 | -41,000,000 | 169,000,000 | 415,000,000 | 353,000,000 | -101,000,000 | 8,000,000 | -56,000,000 | -228,000,000 | 109,000,000 | 44,000,000 | 115,000,000 | 59,000,000 | -4,000,000 | 120,000,000 | 221,000,000 | -153,000,000 | ||||||||||||||||
proceeds from sale of assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums paid on early retirement of debt | 0 | 0 | -5,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt borrowings | 2,350,000,000 | 1,600,000,000 | 1,250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 5,424,000,000 | 0 | 0 | 4,862,000,000 | 0 | 0 | 4,122,000,000 | 0 | 0 | 3,313,000,000 | 0 | 0 | 2,583,000,000 | 0 | 0 | 2,982,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -507,000,000 | -407,000,000 | 756,000,000 | -446,000,000 | 659,000,000 | 893,000,000 | -1,423,000,000 | 624,000,000 | -74,000,000 | -734,000,000 | -569,000,000 | -900,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 4,917,000,000 | 756,000,000 | -446,000,000 | 5,521,000,000 | -1,423,000,000 | 2,754,000,000 | 2,638,000,000 | -74,000,000 | 1,318,000,000 | 2,254,000,000 | 1,728,000,000 | 804,000,000 | 1,515,000,000 | 104,000,000 | -744,000,000 | 2,777,000,000 | -900,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early redemption and retirement of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt issuances and borrowings | 0 | 300,000,000 | 700,000,000 | 750,000,000 | 400,000,000 | 400,000,000 | 500,000,000 | 939,000,000 | 0 | 2,521,000,000 | 1,499,000,000 | 300,000,000 | 0 | 0 | 0 | 1,892,000,000 | -71,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings of vies: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums paid on early redemption and retirement of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early retirement of debt | 0 | 0 | -11,000,000 | -26,000,000 | 0 | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income (loss) to net cash fromoperating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lcm inventory valuation adjustment | 0 | -313,000,000 | -2,248,000,000 | 2,542,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided byoperating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums on early retirement of debt | -48,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -1,484,000,000 | -1,059,000,000 | 804,000,000 | -1,068,000,000 | 104,000,000 | -744,000,000 | -205,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income (loss) to net cash provided byoperating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of partial interest in mvp terminalling, llc | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of partial interest in mvp | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums on early redemption and retirement of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of vlp publicly held common units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated joint ventures | 1,000,000 | 3,000,000 | -12,000,000 | -15,000,000 | -10,000,000 | -10,000,000 | -19,000,000 | -42,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of debt of vies | -1,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asu | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021-01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in deferred charges and credits andother operating activities | 20,000,000 | 47,000,000 | 43,000,000 | 57,000,000 | -150,000,000 | -123,000,000 | 10,000,000 | 51,000,000 | -128,000,000 | 106,000,000 | 82,000,000 | -64,000,000 | -10,000,000 | 20,000,000 | -73,000,000 | 22,000,000 | -9,000,000 | -83,000,000 | 2,000,000 | 28,000,000 | 40,000,000 | 15,000,000 | -13,000,000 | -21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings of vies | 8,000,000 | 8,000,000 | 48,000,000 | 39,000,000 | 93,000,000 | 70,000,000 | 91,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
peru acquisition, net of cash acquired | -2,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of ethanol plants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of undivided interests | -7,000,000 | -36,000,000 | -28,000,000 | -1,000,000 | -31,000,000 | -36,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minor acquisitions | 0 | 3,000,000 | -3,000,000 | -11,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividends | -399,000,000 | -400,000,000 | -401,000,000 | -369,000,000 | -372,000,000 | -376,000,000 | -375,000,000 | -338,000,000 | -341,000,000 | -345,000,000 | -345,000,000 | -306,000,000 | -309,000,000 | -312,000,000 | -315,000,000 | -271,000,000 | -276,000,000 | -282,000,000 | -282,000,000 | -240,000,000 | -199,000,000 | -203,000,000 | -206,000,000 | -143,000,000 | -145,000,000 | -133,000,000 | -133,000,000 | -120,000,000 | -122,000,000 | -109,000,000 | -111,000,000 | -97,000,000 | -97,000,000 | -83,000,000 | -83,000,000 | -84,000,000 | -28,000,000 | -29,000,000 | -28,000,000 | -28,000,000 | -29,000,000 | -28,000,000 | -85,000,000 | -84,000,000 | -78,000,000 | -77,000,000 | -78,000,000 | -79,000,000 | -64,000,000 | |||||||||||||||||||||||||||||||
acquisition of valero energy partners lp publicly held common units | 0 | 0 | 0 | -950,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred turnaround and catalyst costs | -252,000,000 | -219,000,000 | -254,000,000 | -171,000,000 | -270,000,000 | -220,000,000 | -142,000,000 | -73,000,000 | -63,000,000 | -245,000,000 | -244,000,000 | -149,000,000 | -164,000,000 | -161,000,000 | -164,000,000 | -109,000,000 | -160,000,000 | -240,000,000 | -157,000,000 | -123,000,000 | -240,000,000 | -129,000,000 | -107,000,000 | -78,000,000 | -162,000,000 | -287,000,000 | -140,000,000 | -75,000,000 | -106,000,000 | -158,000,000 | -128,000,000 | -69,000,000 | -133,000,000 | -299,000,000 | -67,000,000 | -114,000,000 | -229,000,000 | -114,000,000 | -52,000,000 | -82,000,000 | -167,000,000 | -129,000,000 | -76,000,000 | -100,000,000 | -103,000,000 | -180,000,000 | -108,000,000 | -101,000,000 | -129,000,000 | -105,000,000 | -77,000,000 | -188,000,000 | -199,000,000 | -179,000,000 | ||||||||||||||||||||||||||
investments in joint ventures | -27,000,000 | -63,000,000 | -57,000,000 | -5,000,000 | -64,000,000 | -55,000,000 | -33,000,000 | -117,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures of certain variable interest entities | -50,000,000 | -19,000,000 | -35,000,000 | -11,000,000 | -50,000,000 | -28,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings of certain vies | 47,000,000 | 23,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lower of cost or market inventory valuation adjustment | 0 | 0 | -454,000,000 | -293,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of debt and capital lease obligations | -7,000,000 | -7,000,000 | -930,000,000 | -415,000,000 | -6,000,000 | -4,000,000 | -6,000,000 | -5,000,000 | -1,447,000,000 | -4,000,000 | -21,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of common stock for treasury | -434,000,000 | -327,000,000 | -320,000,000 | -421,000,000 | -291,000,000 | -346,000,000 | -314,000,000 | -169,000,000 | -502,000,000 | -400,000,000 | -265,000,000 | -767,000,000 | -1,079,000,000 | -667,000,000 | -325,000,000 | -497,000,000 | -344,000,000 | -229,000,000 | -226,000,000 | -339,000,000 | -29,000,000 | -256,000,000 | -304,000,000 | -133,000,000 | -1,000,000 | -41,000,000 | -106,000,000 | -79,000,000 | -1,000,000 | -181,000,000 | -74,000,000 | -182,000,000 | -518,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of valero energy partners lp common units | 0 | 0 | 1,000,000 | 35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution from noncontrolling interest | 0 | 32,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of undivided interests | -85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of valero energy partners lp debt | 498,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and temporary cash investments | -1,192,000,000 | -353,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and temporary cash investments at beginning of period | 5,850,000,000 | 0 | 0 | 4,816,000,000 | 0 | 0 | 4,114,000,000 | 0 | 0 | 3,689,000,000 | 0 | 0 | 4,292,000,000 | 0 | 0 | 1,723,000,000 | 0 | 0 | 1,024,000,000 | 0 | 0 | 3,334,000,000 | 0 | 0 | 825,000,000 | 0 | 0 | 940,000,000 | 0 | 0 | 2,464,000,000 | 0 | 0 | 1,590,000,000 | 0 | 0 | 436,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
cash and temporary cash investments at end of period | 4,658,000,000 | -31,000,000 | 744,000,000 | 4,463,000,000 | 1,024,000,000 | 1,147,000,000 | 3,778,000,000 | -463,000,000 | 894,000,000 | 4,870,000,000 | 711,000,000 | -167,000,000 | 3,647,000,000 | -490,000,000 | 541,000,000 | 1,857,000,000 | 1,254,000,000 | -264,000,000 | 1,559,000,000 | -1,278,000,000 | -26,000,000 | 4,133,000,000 | 351,000,000 | 114,000,000 | 1,887,000,000 | -18,000,000 | -92,000,000 | 1,715,000,000 | 1,123,000,000 | 213,000,000 | 1,431,000,000 | 773,000,000 | 640,000,000 | 1,696,000,000 | 92,000,000 | 501,000,000 | 436,000,000 | -212,000,000 | ||||||||||||||||||||||||||||||||||||||||||
1. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of undivided interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt issuances or borrowings | 500,000,000 | 1,456,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 0 | 3,000,000 | 5,000,000 | 9,000,000 | 5,000,000 | 15,000,000 | 10,000,000 | 5,000,000 | 8,000,000 | 24,000,000 | 13,000,000 | 3,000,000 | 5,000,000 | 38,000,000 | 23,000,000 | 25,000,000 | 2,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and temporary cash investments | 674,000,000 | -31,000,000 | -1,133,000,000 | 1,024,000,000 | 1,147,000,000 | -336,000,000 | -1,187,000,000 | -463,000,000 | 894,000,000 | 1,181,000,000 | -502,000,000 | 711,000,000 | -167,000,000 | -645,000,000 | 2,384,000,000 | -490,000,000 | 541,000,000 | 134,000,000 | -826,000,000 | 1,254,000,000 | -264,000,000 | 535,000,000 | -1,805,000,000 | -1,278,000,000 | -26,000,000 | 799,000,000 | 351,000,000 | 114,000,000 | 1,062,000,000 | -780,000,000 | -18,000,000 | -92,000,000 | 775,000,000 | -1,827,000,000 | 1,123,000,000 | 213,000,000 | -1,033,000,000 | -645,000,000 | 773,000,000 | 640,000,000 | 106,000,000 | 561,000,000 | 92,000,000 | -301,000,000 | -212,000,000 | |||||||||||||||||||||||||||||||||||
cash and temporary cash investments at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and temporary cash investments at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of undivided interest in crude system assets | 0 | 0 | -72,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests (public unitholders) of valero energy partners lp | -11,000,000 | -9,000,000 | -9,000,000 | -8,000,000 | -8,000,000 | -7,000,000 | -7,000,000 | -6,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to other noncontrolling interests | 0 | -2,000,000 | -25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aruba refinery asset retirement expense and other | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to other noncontrolling interest | 1,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of retained interest in cst brands, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of valero energy partners lp common units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to other noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disposition of retail business: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term debt in anticipation of separation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributed to valero by cst brands, inc. | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash held and retained by cst brands, inc. upon separation | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term debt related to disposition of retained interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of short-term debt related to disposition of retained interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt issuances | 0 | 0 | 1,446,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of debt | -25,000,000 | -75,000,000 | -402,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to public unitholders of valero energy partners lp | -5,000,000 | -4,000,000 | -4,000,000 | -3,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 33,000,000 | 6,000,000 | 13,000,000 | 12,000,000 | 29,000,000 | 9,000,000 | 10,000,000 | 10,000,000 | 24,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | 10,000,000 | 10,000,000 | 12,000,000 | 31,000,000 | 12,000,000 | 11,000,000 | 12,000,000 | 23,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 42,000,000 | 12,000,000 | 16,000,000 | 30,000,000 | 38,000,000 | 18,000,000 | 29,000,000 | 23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of the paulsboro refinery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from initial public offering of common units of valero energy partners lp | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sales of refinery assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of pembroke refinery, net of cash acquired | -16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of meraux refinery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash interest expense and other income | -8,000,000 | 0 | 1,000,000 | 7,000,000 | 4,000,000 | 7,000,000 | -1,000,000 | 14,000,000 | 7,000,000 | 4,000,000 | 5,000,000 | -1,000,000 | 1,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-bank debt: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings | 0 | 0 | 0 | 0 | 1,244,000,000 | 0 | 0 | 0 | 998,000,000 | 0 | 0 | 0 | 0 | 206,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments | 0 | -300,000,000 | -180,000,000 | 0 | 0 | -56,000,000 | 0 | -208,000,000 | -510,000,000 | 0 | -223,000,000 | -294,000,000 | -76,000,000 | 0 | -109,000,000 | -100,000,000 | 0 | 0 | -50,000,000 | 0 | 457,000,000 | -267,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank credit agreements: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable sales program: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of receivables | 0 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
separation of retail business: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term debt | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interest | 13,000,000 | 10,000,000 | 9,000,000 | 14,000,000 | 11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on shutdown and sales of refinery assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment in cameron highway oil pipeline company | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of ethanol plants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of the delaware city refinery assets andassociated terminal and pipeline assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of investment in cameron highwayoil pipeline company | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance payment related to acquisition of pembroke refinery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of investment in cameron highway oil pipeline company | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable sales facility: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock, net of issuance costs | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of delaware city refinery assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of pipeline and terminal facilities | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of the delaware city refinery assets and associated terminal and pipeline assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock in connection with stock-based compensation plans | 12,000,000 | 9,000,000 | 21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | 0 | 0 | -10,000,000 | 0 | -1,000,000 | -7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance payment related to the pembroke acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance payment related to acquisition of refinery | -37,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of ethanol plants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of the delaware city refinery assets and associated terminal and pipeline assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock in connection with employee benefit plans | 1,000,000 | 7,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 3,000,000 | 4,000,000 | 7,000,000 | 29,000,000 | 19,000,000 | 74,000,000 | 37,000,000 | 19,000,000 | 38,000,000 | 33,000,000 | 32,000,000 | 81,000,000 | 90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of ethanol facilities | 0 | -260,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of receivables | 0 | 1,225,000,000 | 450,000,000 | 0 | 400,000,000 | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance payments related to purchase of ethanol facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from tax deduction in excess of recognized stock-based compensation cost | 2,000,000 | 0 | 1,000,000 | -6,000,000 | 2,000,000 | 5,000,000 | 8,000,000 | 80,000,000 | 16,000,000 | 152,000,000 | 63,000,000 | 46,000,000 | 30,000,000 | 41,000,000 | 89,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of krotz springs refinery and lima refinery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on shutdown of delaware city refinery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of certain verasun energy corporation facilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of krotz springs refinery | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of lima refinery | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent payments in connection with acquisitions | 0 | 0 | 0 | -25,000,000 | 0 | 0 | -25,000,000 | -50,000,000 | 0 | -25,000,000 | -26,000,000 | -50,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(investment) return of investment in cameron highway oil pipeline company | 13,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from minor dispositions of property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of krotz springs refinery | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return of investment in cameron highway oil pipeline company | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of krotz springs refinery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent payment in connection with acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of tax deduction in excess of (less than) recognized stock-based compensation cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | 61,000,000 | -722,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment | 23,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and other postretirement benefits net (gain) loss reclassified into income, net of income tax expense of 1, -, 1, and 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on derivative instruments designated and qualifying as cash flow hedges: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain arising during the period, net of income tax benefit of (12), (34), (46), and 20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on cash flow hedges | 74,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | -314,000,000 | -3,005,000,000 | 1,112,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance proceeds related to sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and other postretirement benefits net (gain) loss reclassified into income, net of income tax expense of -, 1, -, and 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain arising during the period, net of income tax benefit of , 27, (34), and 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss reclassified into income, net of income tax benefit of 39, (17), 60, and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on cash flow hedges | -53,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance payments related to purchase of certain verasun energy corporation facilities | -13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minor acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of lima refinery | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of nustar gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of nustar gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
termination of interest rate swaps | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common and preferred stock dividends | -66,000,000 | -66,000,000 | -66,000,000 | -73,000,000 | -48,000,000 | -49,000,000 | -49,000,000 | -38,000,000 | -31,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment, net of income tax expense of -, 31, and - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and other postretirement benefits: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain arising during the year, net of income tax benefit of 227, (56), and - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss reclassified into income, net of income tax benefit of -, , and - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on pension and other postretirement benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss reclassified into income, net of income tax benefit of (36), 9, and 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minor acquisitions and other investing activities | -85,000,000 | 8,000,000 | -51,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term notes: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment, net of income tax expense of 0, 0, 0, and 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and other postretirement benefits net (gain) loss reclassified into income, net of income tax benefit of 0, , 1, and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain arising during the period, net of income tax benefit of (34), (37), 20, and 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss reclassified into income, net of income tax benefit of , 2, (18), and 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term note repayments | -374,000,000 | -183,000,000 | -28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in net income of nustar gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment in javelina joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premcor acquisition, net of cash acquired | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of denver refinery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investment in javelina joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general partner contribution to nustar energy l.p | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(investment) return of investment in cameron highway oil pipeline project | -2,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of equity in earnings of nustar energy l.p | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -1,037,000,000 | -570,000,000 | -3,277,000,000 | -904,000,000 | -202,000,000 | -631,000,000 | -597,000,000 | -590,000,000 | -383,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions to minority interest in nustar gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of interest in nustar gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in deferred charges and credits and other | 20,000,000 | 28,000,000 | -4,000,000 | -179,000,000 | -59,000,000 | 24,000,000 | -49,000,000 | 83,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of interest in nustar gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in cameron highway oil pipeline company | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance proceeds related to sale of lima refinery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and other postretirement benefits net income reclassified into income, net of income tax benefit of 1 and - | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on derivative instruments designated and qualifying as cash flow hedges: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain arising during the period, net of income tax benefit of 23 and | -42,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain reclassified into income, net of income tax expense of 6 and 3 | -11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss | -32,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in net income of valero gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of valero gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of investment in clear lake methanol partners, l.p. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of valero gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aruba acquisition, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of the denver refinery | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general partner contribution to valero l.p. | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of equity in earnings of valero l.p. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dispositions of property, plant and equipment | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buyout of assets under structured lease arrangements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions to minority interest in valero gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of interest in valero gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of interest in valero gp holdings, llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of the denver refinery | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of capital lease obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt borrowings, net of issuance costs | 31,000,000 | 0 | 1,497,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt repayments | -251,000,000 | -993,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of (less than) equity in earnings of valero l.p. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in net income of valero l.p. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
st. charles acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets to valero l.p. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of tesoro notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dispositions of property, plant and equipment and certain home heating oil operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in short-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from cash settlement of peps unit purchase contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of company-obligated preferred securities of subsidiary trust | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common units by valero l.p., net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions to minority interest in valero l.p. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
valero l.p.’s cash balance as of the date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minor acquisition and other investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in short-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from contribution and sale of assets to valero l.p. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from liquidation of investment in diamond-koch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of the golden eagle business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures, deferred turnaround costs and other cash flows related to the golden eagle business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in cameron highway oil pipeline project | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payment to uds shareholders in connection with uds acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of valero l.p. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from valero l.p. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercise of purchase options under structured lease arrangements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earn-out payments in connection with acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
uds acquisition, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance to uds in connection with uds acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of inventories in connection with el paso acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
huntway acquisition, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dispositions of certain home heating oil operations and other property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing required to fund cash portion of uds acquisition, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common units by valero l.p., net of issuance costs |