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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3132,5832,9825,8504,8164,1143,689
Cash and cash equivalents3,3132,5832,9825,8504,8164,1143,689
Receivables6,1098,9047,3456,9225,9014,4645,879
Inventory, net of allowances, customer advances and progress billings6,0387,0136,5326,3845,7095,8986,623
Inventory6,0387,0136,5326,3845,7095,8986,623
Derivative instruments and hedges, assets     147151
Other undisclosed current assets384469816156374349272
Total current assets:15,84418,96917,67519,31216,80014,97216,614
Noncurrent Assets
Finance lease, right-of-use asset1,622 
Property, plant and equipment 29,26428,84827,48026,47226,70326,735
Other noncurrent assets5,5415,6313,6323,3662,9012,6682,201
Other undisclosed noncurrent assets28,767      
Total noncurrent assets:35,93034,89532,48030,84629,37329,37128,936
TOTAL ASSETS:51,77453,86450,15550,15846,17344,34345,550
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,56012,66610,48610,9498,2136,8679,380
Accounts payable6,08210,2058,5948,3486,3574,9076,760
Accrued liabilities994949630712694554596
Employee-related liabilities      294
Taxes payable1,4841,5121,2621,8891,1621,4061,642
Interest and dividends payable      88
Debt723494238122115127606
Accrued environmental loss contingencies      26
Asset retirement obligation      20
Deferred tax liabilities   366376
Other undisclosed current liabilities      (428)
Total current liabilities:9,28313,16010,72411,0718,3287,3609,980
Noncurrent Liabilities
Long-term debt and lease obligation, including:13,9549,1788,8718,7507,8867,2505,780
Finance lease, liability1,544750
Operating lease, liability 959
Other undisclosed long-term debt and lease obligation12,4107,4698,8718,7507,8867,2505,780
Liabilities, other than long-term debt8,8958,9902,8672,7291,7448,3799,994
Asset retirement obligations      71
Deferred tax liabilities, net   6,7686,607
Deferred income tax liabilities5,2755,103
Liability for uncertainty in income taxes      316
Liability, pension and other postretirement and postemployment benefits      792
Accrued environmental loss contingencies      269
Other liabilities3,6203,8872,8672,7291,7441,6111,939
Other undisclosed noncurrent liabilities  4,9624,7087,361 (1,448)
Total noncurrent liabilities:22,84918,16816,70016,18716,99115,62914,326
Total liabilities:32,13231,32827,42427,25825,31922,98924,306
Stockholders' equity
Stockholders' equity attributable to parent18,80121,80321,66721,99120,02420,52720,677
Common stock7777777
Treasury stock, value(15,719)(15,648)(14,925)(13,315)(12,027)(10,799)(8,125)
Additional paid in capital6,8146,8217,0487,0397,0887,0647,116
Accumulated other comprehensive loss(1,254)(1,351)(1,507)(940)(1,410)(933)(367)
Retained earnings28,95331,97431,04429,20026,36625,18822,046
Stockholders' equity attributable to noncontrolling interest8417331,064909830827567
Total stockholders' equity:19,64222,53622,73122,90020,85421,35421,244
TOTAL LIABILITIES AND EQUITY:51,77453,86450,15550,15846,17344,34345,550

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues60,115102,729111,40793,98075,65987,804130,844
Revenue, net93,98075,65987,804130,844
Cost of revenue(65,652)(103,546)(111,439)(89,433)(67,165)(76,493)(123,666)
Cost of goods and services sold(65,652)(103,546)(111,439)(89,433)(65,215)(74,651)(118,513)
Gross profit:(5,537)(817)(32)4,5478,49411,3117,178
Operating expenses(839)(942)(1,022)(948)(4,922)(4,953)(1,276)
Other undisclosed operating income4,7975,5955,626    
Operating income (loss):(1,579)3,8364,5723,5993,5726,3585,902
Nonoperating income
(Other Nonoperating income)
13210413076564647
Interest and debt expense(563)(454)(470)(468)(446)(433)(397)
Income (loss) from continuing operations before income taxes:(2,010)3,4864,2323,2073,1825,9715,552
Income tax expense (benefit)903(702)(879)949(765)(1,870)(1,777)
Income (loss) before gain (loss) on sale of properties:(1,107)2,7843,3534,1562,4174,1013,775
Other undisclosed net loss      (64)
Net income (loss):(1,107)2,7843,3534,1562,4174,1013,711
Net loss attributable to noncontrolling interest(314)(362)(231)(91)(128)(111)(81)
Net income (loss) attributable to parent:(1,421)2,4223,1224,0652,2893,9903,630
Other undisclosed net loss available to common stockholders, basic(5)(7)(9)    
Net income (loss) available to common stockholders, diluted:(1,426)2,4153,1134,0652,2893,9903,630

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,107)2,7843,3534,1562,4174,1013,711
Other comprehensive income (loss)99155(478)470(476)(566)(717)
Comprehensive income (loss):(1,008)2,9392,8754,6261,9413,5352,994
Comprehensive loss, net of tax, attributable to noncontrolling interest(316)(361)(229)(91)(129)(111)(81)
Comprehensive income (loss), net of tax, attributable to parent:(1,324)2,5782,6464,5351,8123,4242,913

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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