VALERO ENERGY CORP/TX

10-K & 10-Q Filings

Valero Energy Corporation is a Fortune 500 company based in San Antonio, Texas. It was incorporated in Delaware in 1981 and its common stock trades on the New York Stock Exchange under the ticker symbol "VLO." Valero is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products. Its business strategy is to manage its business to responsibly meet the world's growing demand for reliable and affordable energy. Valero operates 15 petroleum refineries in the U.S., Canada, and the U.K., with a combined throughput capacity of approximately 3.2 million barrels per day. It also owns a joint venture, Diamond Green Diesel Holdings LLC (DGD), which operates two renewable diesel plants in the U.S. with a combined production capacity of approximately 1.2 billion gallons per year. Valero's website is www.valero.com.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$125987.00
139250.00
138074.00
130844.00
87804.00
75659.00
93980.00
117033.00
108324.00
64912.00
113977.00
176383.00
144766.00
36439.00
31759.00
1.16%-12.84%Cost of Revenue (-)
$116611.00
128232.00
127316.00
118141.00
74651.00
65215.00
89433.00
111439.00
103546.00
65652.00
110848.00
159587.00
131834.00
32132.00
29776.00
1.03%-7.33%Gross Profit (+)
$9376.00
11018.00
10758.00
12703.00
13153.00
10444.00
4547.00
5594.00
4778.00
-740.00
3129.00
16796.00
12932.00
4307.00
1983.00
2.72%-53.96%Selling, General & Administrative (-)
$1249.00
1384.00
984.00
724.00
710.00
715.00
835.00
925.00
868.00
756.00
865.00
934.00
998.00
244.00
258.00
-1.85%5.74%Depreciation & Amortization (-)
$1534.00
1574.00
1720.00
1690.00
1842.00
1894.00
52.00
52.00
53.00
48.00
47.00
45.00
43.00
10.00
12.00
-25.76%20.00%Non-recurring Operating Expenses (-)
$
1014.00
56.00
61.00
Operating Expenses (-)
$6588.00
7972.00
6795.00
6801.00
6795.00
6872.00
948.00
1022.00
942.00
839.00
999.00
1106.00
1074.00
264.00
304.00
-14.03%15.15%Costs & Expenses (Total) (-)
$122307.00
135240.00
134111.00
124942.00
81446.00
72087.00
90381.00
112461.00
104488.00
66491.00
111847.00
160693.00
132908.00
32396.00
30080.00
0.70%-7.15%Operating Income/Loss (+)
$3680.00
4010.00
3963.00
5902.00
6358.00
3572.00
3599.00
4572.00
3836.00
-1579.00
2130.00
15690.00
11858.00
4043.00
1679.00
10.24%-58.47%Non-operating Income/Expense (+)
$43.00
9.00
384.00
47.00
46.00
56.00
76.00
130.00
104.00
132.00
16.00
179.00
502.00
129.00
144.00
22.73%11.63%Interest Expense (-)
$401.00
313.00
365.00
397.00
433.00
446.00
468.00
470.00
454.00
563.00
603.00
562.00
592.00
146.00
140.00
3.30%-4.11%Earnings before Tax (+)
$3322.00
3706.00
3982.00
5552.00
5971.00
3182.00
3207.00
4232.00
3486.00
-2010.00
1543.00
15307.00
11768.00
4026.00
1683.00
11.12%-58.20%Tax Expense (-)
$1226.00
1626.00
1254.00
1777.00
1870.00
765.00
-949.00
879.00
702.00
-903.00
255.00
3428.00
2619.00
880.00
353.00
6.53%-59.89%Income/Loss (Continuing Operations) (+)
$2096.00
2080.00
2728.00
3775.00
4101.00
2417.00
4156.00
3353.00
2784.00
-1107.00
1288.00
11879.00
9149.00
3146.00
1330.00
13.07%-57.72%Income/Loss (Discontinued Operations) (+)
$-7.00
-64.00
Profit/Loss (+)
$2089.00
2080.00
2728.00
3711.00
4101.00
2417.00
4156.00
3353.00
2784.00
-1107.00
1288.00
11879.00
9149.00
3146.00
1330.00
13.10%-57.72%Net Income/Loss (NCI) (-)
$-1.00
-3.00
8.00
81.00
111.00
128.00
91.00
231.00
362.00
314.00
358.00
351.00
314.00
79.00
85.00
7.59%Net Income/Loss (+)
$2090.00
2083.00
2720.00
3630.00
3990.00
2289.00
4065.00
3122.00
2422.00
-1421.00
930.00
11528.00
8835.00
3067.00
1245.00
12.76%-59.41%Net Income/Loss (Common) (+)
$2090.00
2083.00
2720.00
3630.00
3990.00
2289.00
4065.00
3122.00
2422.00
-1421.00
930.00
11528.00
8835.00
3067.00
1245.00
12.76%-59.41%EPS (Basic)
$3.69
3.77
4.99
6.88
8.00
4.94
9.17
7.30
5.84
-3.50
2.27
29.05
24.93
8.30
3.75
17.26%-54.82%EPS (Diluted)
$3.68
3.75
4.97
6.85
7.99
4.94
9.16
7.29
5.84
-3.50
2.27
29.04
24.92
8.29
3.75
17.28%-54.76%Weighted Avg Shares (Basic)
563.00
550.00
542.00
526.00
497.00
461.00
442.00
426.00
413.00
407.00
407.00
395.00
353.00
369.00
331.00
-3.82%-10.30%Weighted Avg Shares (Diluted)
569.00
556.00
548.00
530.00
500.00
464.00
444.00
428.00
414.00
407.00
407.00
396.00
353.00
369.00
331.00
-3.90%-10.30%Cash
$1024.00
1723.00
4292.00
3689.00
4114.00
4816.00
5850.00
2982.00
2583.00
3313.00
4122.00
4862.00
5424.00
5521.00
4917.00
14.90%-10.94%Receivables
$8706.00
8167.00
8751.00
5879.00
4464.00
5901.00
6922.00
7345.00
8904.00
6109.00
10378.00
11919.00
12525.00
9688.00
12150.00
3.08%25.41%Inventory
$5623.00
5973.00
5758.00
6623.00
5898.00
5709.00
6384.00
6532.00
7013.00
6038.00
6265.00
6752.00
7583.00
7455.00
7912.00
2.52%6.13%Prepaid Expenses (Current)
$124.00
154.00
138.00
164.00
204.00
316.00
156.00
816.00
469.00
384.00
400.00
600.00
689.00
671.00
695.00
15.36%3.58%Other Assets (Current)
$495.00
443.00
338.00
259.00
292.00
58.00
Assets (Current)
$15972.00
16460.00
19277.00
16614.00
14972.00
16800.00
19312.00
17675.00
18969.00
15844.00
21165.00
24133.00
26221.00
23335.00
25674.00
4.22%10.02%Property, Plant & Equipment (Net)
$25177.00
26300.00
25707.00
26735.00
26703.00
26472.00
27480.00
28848.00
29264.00
30389.00
30847.00
30978.00
30209.00
30780.00
30072.00
1.53%-2.30%Accumulated Depreciation
$7076.00
7832.00
8226.00
9198.00
10204.00
11261.00
12530.00
13625.00
15030.00
Goodwill & Intangibles
$227.00
213.00
156.00
Other Assets
$1407.00
1504.00
2120.00
2201.00
2668.00
2901.00
3366.00
3632.00
5631.00
5541.00
5876.00
5871.00
6626.00
6062.00
6828.00
13.78%12.64%Assets (Non-current)
$26811.00
28017.00
27983.00
28936.00
29371.00
29373.00
30846.00
32480.00
34895.00
35930.00
36723.00
36849.00
36835.00
36842.00
36900.00
2.68%0.16%Assets (Total)
$42783.00
44477.00
47260.00
45550.00
44343.00
46173.00
50158.00
50155.00
53864.00
51774.00
57888.00
60982.00
63056.00
60177.00
62574.00
3.29%3.98%Accounts Payable
$10186.00
9939.00
11226.00
8998.00
6867.00
8213.00
10949.00
10486.00
12666.00
8560.00
15587.00
16352.00
15396.00
14107.00
15296.00
3.50%8.43%Debt (Current)
$1009.00
586.00
303.00
606.00
127.00
115.00
122.00
238.00
494.00
723.00
1264.00
1109.00
1406.00
1258.00
853.00
2.80%-32.19%Other Liabilities (Current)
$1513.00
1404.00
1594.00
376.00
366.00
Liabilities (Current)
$12708.00
11929.00
13123.00
9980.00
7360.00
8328.00
11071.00
10724.00
13160.00
9283.00
16851.00
17461.00
16802.00
15365.00
16149.00
2.35%5.10%Debt (Non-current)
$6732.00
6463.00
6261.00
5780.00
7250.00
7886.00
8750.00
8871.00
9178.00
13954.00
12606.00
10526.00
10118.00
10173.00
10044.00
3.45%-1.27%Other Liabilities
$6898.00
7990.00
7930.00
8546.00
8379.00
9105.00
7437.00
7829.00
8990.00
8895.00
8614.00
7527.00
7612.00
7572.00
7557.00
0.82%-0.20%Liabilities (Non-current)
$13630.00
14453.00
14191.00
14326.00
15629.00
16991.00
16187.00
16700.00
18168.00
22849.00
21220.00
18053.00
17730.00
17745.00
17601.00
2.22%-0.81%Liabilities (Total)
$26338.00
26382.00
27314.00
24306.00
22989.00
25319.00
27258.00
27424.00
31328.00
32132.00
38071.00
35514.00
34532.00
33110.00
33750.00
2.28%1.93%Treasury Stock
$6475.00
6437.00
7054.00
8125.00
10799.00
12027.00
13315.00
14925.00
15648.00
15719.00
15677.00
20197.00
25322.00
21637.00
26330.00
12.04%21.69%Retained Earnings
$15309.00
17032.00
18970.00
22046.00
25188.00
26366.00
29200.00
31044.00
31974.00
28953.00
28281.00
38247.00
45630.00
40935.00
46519.00
9.53%13.64%AOCI
$96.00
108.00
350.00
-367.00
-933.00
-1410.00
-940.00
-1507.00
-1351.00
-1254.00
-1008.00
-1359.00
-870.00
-1205.00
-1055.00
12.45%Shareholder's Equity
$16423.00
18095.00
19946.00
21244.00
21354.00
20854.00
22900.00
22731.00
22536.00
19642.00
19817.00
25468.00
28524.00
27067.00
28824.00
4.71%6.49%Liabilities & Equity
$42783.00
44477.00
47260.00
45550.00
44343.00
46173.00
50158.00
50155.00
53864.00
51774.00
57888.00
60982.00
63056.00
60177.00
62574.00
3.29%3.98%Net Income/Loss
$2089.00
2080.00
2728.00
3711.00
4101.00
2417.00
4156.00
3353.00
2784.00
-1107.00
1288.00
11879.00
9149.00
3146.00
1330.00
13.10%-57.72%Depreciation & Amortization
$1534.00
1574.00
1720.00
1690.00
1842.00
1894.00
1986.00
2069.00
2255.00
2351.00
2405.00
2473.00
2701.00
660.00
695.00
4.83%5.30%Increase/Decrease in Working Capital
$116.00
419.00
-876.00
1728.00
1287.00
-970.00
-1883.00
1254.00
-258.00
90.00
64.00
249.00
387.00
145.00
-50.00
10.56%-134.48%Share-based Compensation
$58.00
58.00
64.00
60.00
Adjustments to Reconcile Net Income
$1949.00
3190.00
2836.00
530.00
1510.00
2403.00
1326.00
1018.00
2747.00
2055.00
4571.00
695.00
80.00
24.00
516.00
-23.36%2050.00%Net Cash (Operating)
$4038.00
5270.00
5564.00
4241.00
5611.00
4820.00
5482.00
4371.00
5531.00
948.00
5859.00
12574.00
9229.00
3170.00
1846.00
7.13%-41.77%Capital Expenditure
$3021.00
3330.00
2570.00
2802.00
2291.00
1996.00
2354.00
3528.00
3010.00
2490.00
2197.00
2706.00
1916.00
524.00
661.00
-3.72%26.15%Net Cash (Investing)
$-5298.00
-3351.00
-2812.00
-2844.00
-2487.00
-2006.00
-2382.00
-3928.00
-3001.00
-2425.00
-2159.00
-2805.00
-1865.00
-549.00
-637.00
-16.03%Increase/Decrease in Debt
$-628.00
-712.00
537.00
-172.00
933.00
678.00
359.00
8.00
320.00
4075.00
-1207.00
-2810.00
-262.00
-237.00
-355.00
-49.79%Increase/Decrease in Equity
$-300.00
-222.00
-500.00
-1249.00
-2615.00
-1330.00
-1326.00
-1708.00
-777.00
-156.00
-27.00
-4577.00
-5136.00
-1451.00
-1023.00
29.50%Dividends Paid
$169.00
360.00
462.00
566.00
868.00
1141.00
1242.00
1369.00
1562.00
1808.00
1604.00
1655.00
1616.00
379.00
356.00
20.70%-6.07%Net Cash (Financing)
$-1066.00
-1233.00
-163.00
-1930.00
-2545.00
-2012.00
-2272.00
-3168.00
-2997.00
2077.00
-2846.00
-8849.00
-6941.00
-1998.00
-1644.00
17.72%Effect of Exchange Rate
$16.00
13.00
-20.00
-70.00
-154.00
-100.00
206.00
-143.00
68.00
130.00
-45.00
-180.00
139.00
36.00
-72.00
19.74%-300.00%Increase/Decrease in Cash
$-2310.00
699.00
2569.00
-603.00
425.00
702.00
1034.00
-2868.00
-399.00
730.00
809.00
740.00
562.00
659.00
-507.00
-176.93%Cash (Beginning)
$3334.00
1024.00
1723.00
4292.00
3689.00
4114.00
4816.00
5850.00
2982.00
2583.00
3313.00
4122.00
4862.00
4862.00
5424.00
3.19%11.56%Cash (Ending)
$1024.00
1723.00
4292.00
3689.00
4114.00
4816.00
5850.00
2982.00
2583.00
3313.00
4122.00
4862.00
5424.00
5521.00
4917.00
14.90%-10.94%NOPAT
$2321.88
2250.62
2714.98
4012.98
4366.80
2713.24
4664.00
3622.38
3063.52
-2288.37
1777.99
12176.23
9218.97
3159.28
1326.84
12.18%-58.00%Gross Margin %
7.44%
7.91%
7.79%
9.71%
14.98%
13.80%
4.84%
4.78%
4.41%
-1.14%
2.75%
9.52%
8.93%
11.82%
6.24%
Operating Margin %
2.92%
2.88%
2.87%
4.51%
7.24%
4.72%
3.83%
3.91%
3.54%
-2.43%
1.87%
8.90%
8.19%
11.10%
5.29%
NOPAT Margin %
1.84%
1.62%
1.97%
3.07%
4.97%
3.59%
4.96%
3.10%
2.83%
-3.53%
1.56%
6.90%
6.37%
8.67%
4.18%
Net Margin %
1.66%
1.50%
1.97%
2.77%
4.54%
3.03%
4.33%
2.67%
2.24%
-2.19%
0.82%
6.54%
6.10%
8.42%
3.92%
Tax Rate %
36.91%
43.87%
31.49%
32.01%
31.32%
24.04%
-29.59%
20.77%
20.14%
-44.93%
16.53%
22.39%
22.26%
21.86%
20.97%
ROA
5.43%
5.06%
5.74%
8.81%
9.85%
5.88%
9.30%
7.22%
5.69%
-4.42%
3.07%
19.97%
14.62%
5.25%
2.12%
ROE
14.14%
12.44%
13.61%
18.89%
20.45%
13.01%
20.37%
15.94%
13.59%
-11.65%
8.97%
47.81%
32.32%
11.67%
4.60%
ROIC
7.76%
7.06%
8.28%
11.84%
12.72%
7.75%
13.01%
10.05%
8.61%
-6.07%
4.88%
31.42%
22.47%
8.29%
3.43%
Asset Turnover
2.94
3.13
2.92
2.87
1.98
1.64
1.87
2.33
2.01
1.25
1.97
2.89
2.30
0.61
0.51
Inventory Turnover
20.74
21.47
22.11
17.84
12.66
11.42
14.01
17.06
14.76
10.87
17.69
23.64
17.39
4.31
3.76
Equity Multiplier
2.61
2.46
2.37
2.14
2.08
2.21
2.19
2.21
2.39
2.64
2.92
2.39
2.21
2.22
2.17
Current Ratio
1.26
1.38
1.47
1.66
2.03
2.02
1.74
1.65
1.44
1.71
1.26
1.38
1.56
1.52
1.59
Quick Ratio
0.77
0.83
0.99
0.96
1.17
1.29
1.15
0.96
0.87
1.01
0.86
0.96
1.07
0.99
1.06
Debt/Equity Ratio
0.47
0.39
0.33
0.30
0.35
0.38
0.39
0.40
0.43
0.75
0.70
0.46
0.40
0.42
0.38
Working Capital/Sales
0.04
0.04
0.05
0.05
0.09
0.11
0.09
0.06
0.06
0.11
0.05
0.04
0.07
0.20
0.27
Dividend Payout Ratio %
7.28%
16.00%
17.02%
14.10%
19.88%
42.05%
26.63%
37.79%
50.99%
79.01%
90.21%
13.59%
17.53%
12.00%
26.83%
Total Payout
$1097.00
1294.00
425.00
1987.00
2550.00
1793.00
2209.00
3069.00
2019.00
-2111.00
2838.00
9042.00
7014.00
2067.00
1734.00
16.72%-16.11%Payout Ratio %
47.25%
57.50%
15.65%
49.51%
58.40%
66.08%
47.36%
84.72%
65.90%
-92.25%
159.62%
74.26%
76.08%
65.43%
130.69%