Valero Energy Corporation (VLO) financial statements (2021 and earlier)

Company profile

Business Address P.O. BOX 696000
SAN ANTONIO, TX 78269-6000
State of Incorp. DE
Fiscal Year End December 31
SIC 2911 - Petroleum Refining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3134,0472,3191,5152,5832,1372,033
Cash and cash equivalents3,3134,0472,3191,5152,5832,1372,033
Receivables6,1095,6014,1525,3928,9047,9949,050
Inventory, net of allowances, customer advances and progress billings6,0385,3575,4203,6757,0136,3766,281
Inventory6,0385,3575,4203,6757,0136,3766,281
Other undisclosed current assets384417871883469526447
Total current assets:15,84415,42212,76211,46518,96917,03317,811
Noncurrent Assets
Finance lease, right-of-use asset1,6222,2082,225    
Operating lease, right-of-use asset 1,2341,273    
Property, plant and equipment   30,52629,26428,89028,784
Intangible assets, net (including goodwill) 260260    
Goodwill 260260    
Other noncurrent assets5,5415,5815,6845,7565,6315,3065,427
Other undisclosed noncurrent assets28,76727,02726,895    
Total noncurrent assets:35,93036,31036,33736,28234,89534,19634,211
TOTAL ASSETS:51,77451,73249,09947,74753,86451,22952,022
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,5607,4866,7137,84612,66611,72812,225
Accounts payable6,0825,2374,6525,90610,2059,50410,135
Accrued liabilities994926861866949881764
Taxes payable1,4841,3231,2001,0741,5121,3431,326
Debt723636587886494402323
Total current liabilities:9,2838,1227,3008,73213,16012,13012,548
Noncurrent Liabilities
Long-term debt and lease obligation, including:13,95414,57712,09010,5749,1789,1709,167
Finance lease, liability1,5442,1662,1772,149750744741
Operating lease, liability 9049209289599701,029
Other undisclosed long-term debt and lease obligation12,41011,5078,9937,4977,4697,4567,397
Liabilities, other than long-term debt8,8959,0179,0758,7568,9908,3418,470
Deferred income tax liabilities5,2755,2975,3054,9095,1034,9204,899
Other liabilities3,6203,7203,7703,8473,8873,4213,571
Total noncurrent liabilities:22,84923,59421,16519,33018,16817,51117,637
Total liabilities:32,13231,71628,46528,06231,32829,64130,185
Stockholders' equity
Stockholders' equity attributable to parent18,80119,22319,84718,84221,80321,10721,345
Common stock7777777
Treasury stock, value(15,719)(15,759)(15,760)(15,764)(15,648)(15,472)(15,170)
Additional paid in capital6,8146,8346,8246,8146,8216,8186,812
Accumulated other comprehensive loss(1,254)(1,571)(1,799)(1,937)(1,351)(1,529)(1,350)
Retained earnings28,95329,71230,57529,72231,97431,28331,046
Stockholders' equity attributable to noncontrolling interest841793787843733481492
Total stockholders' equity:19,64220,01620,63419,68522,53621,58821,837
TOTAL LIABILITIES AND EQUITY:51,77451,73249,09947,74753,86451,22952,022

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues15,29814,4709,61320,73426,42325,85027,523
Cost of revenue
(Cost of Goods and Services Sold)
(16,834)(16,207)(8,424)(24,187)(25,876)(26,130)(27,810)
Gross profit:(1,536)(1,737)1,189(3,453)547(280)(287)
Operating expenses(240)(223)(184)(192)(264)(238)(215)
Other undisclosed operating income1,3061,3397841,3681,4561,3991,410
Operating income (loss):(470)(621)1,789(2,277)1,739881908
Nonoperating income
(Other Nonoperating income)
25482732363412
Interest and debt expense(153)(143)(142)(125)(119)(111)(112)
Income (loss) from continuing operations before income taxes:(598)(716)1,674(2,370)1,656804808
Income tax expense (benefit)289337(339)616(326)(165)(160)
Net income (loss):(309)(379)1,335(1,754)1,330639648
Net loss attributable to noncontrolling interest(50)(85)(82)(97)(270)(30)(36)
Net income (loss) attributable to parent:(359)(464)1,253(1,851)1,060609612
Other undisclosed net loss available to common stockholders, basic(1)(1)(4)(1)(4)(1)(2)
Net income (loss) available to common stockholders, diluted:(360)(465)1,249(1,852)1,056608610

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(309)(379)1,335(1,754)1,330639648
Other comprehensive income (loss)315230126(572)173(181)6
Comprehensive income (loss):6(149)1,461(2,326)1,503458654
Comprehensive loss, net of tax, attributable to noncontrolling interest(48)(87)(70)(111)(265)(28)(40)
Comprehensive income (loss), net of tax, attributable to parent:(42)(236)1,391(2,437)1,238430614

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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