Valero Energy Corporation (VLO) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5832,9825,8504,8164,1143,6894,292
Cash and cash equivalents2,5832,9825,8504,8164,1143,6894,292
Receivables8,9047,3456,9225,9014,4645,8798,751
Inventory, net of allowances, customer advances and progress billings7,0136,5326,3845,7095,8986,6235,758
Inventory7,0136,5326,3845,7095,8986,6235,758
Derivative instruments and hedges, assets    14715198
Income taxes receivable72
Other undisclosed current assets469816156374349272306
Total current assets:18,96917,67519,31216,80014,97216,61419,277
Noncurrent Assets
Property, plant and equipment29,26428,84827,48026,47226,70326,73525,707
Intangible assets, net (including goodwill)      156
Intangible assets, net (excluding goodwill)      156
Other noncurrent assets5,6313,6323,3662,9012,6682,2012,120
Total noncurrent assets:34,89532,48030,84629,37329,37128,93627,983
TOTAL ASSETS:53,86450,15550,15846,17344,34345,55047,260
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,66610,48610,9498,2136,8679,38011,483
Accounts payable10,2058,5948,3486,3574,9076,7609,931
Accrued liabilities949630712694554596522
Employee-related liabilities     294257
Taxes payable1,5121,2621,8891,1621,4061,642773
Interest and dividends payable     88 
Debt494238122115127606303
Derivative instruments and hedges, liabilities      13
Accrued environmental loss contingencies     2624
Asset retirement obligation     205
Deferred tax liabilities   366376249
Other undisclosed current liabilities     (428)1,046
Total current liabilities:13,16010,72411,0718,3287,3609,98013,123
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,1788,8718,7507,8867,2505,7806,261
Finance lease, liability750
Operating lease, liability959
Other undisclosed long-term debt and lease obligation7,4698,8718,7507,8867,2505,7806,261
Liabilities, other than long-term debt8,9902,8672,7291,7448,3799,9948,945
Pension and other postretirement defined benefit plans, liabilities507
Asset retirement obligations     7126
Deferred tax liabilities, net   6,7686,6076,601
Deferred income tax liabilities5,103
Liability for uncertainty in income taxes     316205
Liability, pension and other postretirement and postemployment benefits     792
Accrued environmental loss contingencies     269277
Other liabilities3,8872,8672,7291,7441,6111,9391,329
Other undisclosed noncurrent liabilities 4,9624,7087,361 (1,448)(1,015)
Total noncurrent liabilities:18,16816,70016,18716,99115,62914,32614,191
Total liabilities:31,32827,42427,25825,31922,98924,30627,314
Stockholders' equity
Stockholders' equity attributable to parent21,80321,66721,99120,02420,52720,67719,460
Common stock7777777
Treasury stock, value(15,648)(14,925)(13,315)(12,027)(10,799)(8,125)(7,054)
Additional paid in capital6,8217,0487,0397,0887,0647,1167,187
Accumulated other comprehensive income (loss)(1,351)(1,507)(940)(1,410)(933)(367)350
Retained earnings31,97431,04429,20026,36625,18822,04618,970
Stockholders' equity attributable to noncontrolling interest7331,064909830827567486
Total stockholders' equity:22,53622,73122,90020,85421,35421,24419,946
TOTAL LIABILITIES AND EQUITY:53,86450,15550,15846,17344,34345,55047,260

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues102,729111,40793,98075,65987,804130,844138,074
Revenue, net93,98075,65987,804130,844138,074
Cost of revenue(103,546)(111,439)(89,433)(67,165)(76,493)(123,666)(132,627)
Cost of goods and services sold(103,546)(111,439)(89,433)(65,215)(74,651)(118,513)(127,316)
Gross profit:(817)(32)4,5478,49411,3117,1785,447
Operating expenses(942)(1,022)(948)(4,922)(4,953)(1,276)(1,484)
Other undisclosed operating income5,5955,626     
Operating income:3,8364,5723,5993,5726,3585,9023,963
Nonoperating income10413076564647384
Investment income, nonoperating      325
Other nonoperating income1041307656464759
Interest and debt expense(454)(470)(468)(446)(433)(397)(365)
Income from continuing operations before income taxes:3,4864,2323,2073,1825,9715,5523,982
Income tax expense (benefit)(702)(879)949(765)(1,870)(1,777)(1,254)
Income before gain (loss) on sale of properties:2,7843,3534,1562,4174,1013,7752,728
Other undisclosed net loss     (64) 
Net income:2,7843,3534,1562,4174,1013,7112,728
Net loss attributable to noncontrolling interest(362)(231)(91)(128)(111)(81)(8)
Net income attributable to parent:2,4223,1224,0652,2893,9903,6302,720
Other undisclosed net loss available to common stockholders, basic(7)(9)     
Net income available to common stockholders, diluted:2,4153,1134,0652,2893,9903,6302,720

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2,7843,3534,1562,4174,1013,7112,728
Other comprehensive income (loss)155(478)470(476)(566)(717)401
Comprehensive income:2,9392,8754,6261,9413,5352,9943,129
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(361)(229)(91)(129)(111)(81)8
Other undisclosed comprehensive loss, net of tax, attributable to parent      (16)
Comprehensive income, net of tax, attributable to parent:2,5782,6464,5351,8123,4242,9133,121

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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