◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

VALERO ENERGY CORP/TX CIK: 1035002 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001035002-13-000037
Period End Date 20130331
Filing Date 20130508
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance vlo-20130331.xml
Filing Contents
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and temporary cash investments CashAndCashEquivalentsAtCarryingValue $1.86B USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and temporary cash investments CashAndCashEquivalentsAtCarryingValue $1.72B USD Point-in-time
Cash and temporary cash investments CashAndCashEquivalentsAtCarryingValue $1.02B USD Point-in-time
Cash and temporary cash investments CashAndCashEquivalentsAtCarryingValue $1.56B USD Point-in-time
Receivables, net ReceivablesNetCurrent $8.17B USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.20B shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.20B shares Point-in-time
Receivables, net ReceivablesNetCurrent $7.66B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 673.50M shares Point-in-time
Inventories InventoryNet $6.94B USD Point-in-time
Inventories InventoryNet $5.97B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 673.50M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $90.00M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 121.41M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $169.00M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 125.47M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $280.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $274.00M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $154.00M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $384.00M USD Point-in-time
Total current assets AssetsCurrent $16.46B USD Point-in-time
Total current assets AssetsCurrent $17.21B USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $34.47B USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $34.13B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $7.83B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $8.07B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $26.40B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $26.30B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $203.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $213.00M USD Point-in-time
Deferred charges and other assets, net OtherAssetsNoncurrent $1.50B USD Point-in-time
Deferred charges and other assets, net OtherAssetsNoncurrent $1.69B USD Point-in-time
Total assets Assets $44.48B USD Point-in-time
Total assets Assets $45.50B USD Point-in-time
Current portion of debt and capital lease obligations DebtCurrent $586.00M USD Point-in-time
Current portion of debt and capital lease obligations DebtCurrent $406.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $9.82B USD Point-in-time
Accounts payable AccountsPayableCurrent $9.35B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $590.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $761.00M USD Point-in-time
Taxes other than income taxes AccrualForTaxesOtherThanIncomeTaxesIncludingAdValoremExciseSalesAndUseAndPayroll $1.31B USD Point-in-time
Taxes other than income taxes AccrualForTaxesOtherThanIncomeTaxesIncludingAdValoremExciseSalesAndUseAndPayroll $1.03B USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $1.00M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $15.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent $388.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent $378.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $12.71B USD Point-in-time
Total current liabilities LiabilitiesCurrent $11.93B USD Point-in-time
Debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligations $6.46B USD Point-in-time
Debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligations $6.46B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $5.86B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $6.13B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $1.78B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $2.13B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued CommonStockValue $7.00M USD Point-in-time
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued CommonStockValue $7.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $7.25B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $7.32B USD Point-in-time
Treasury stock, at cost; 125,469,048 and 121,406,520 common shares TreasuryStockValue $6.61B USD Point-in-time
Treasury stock, at cost; 125,469,048 and 121,406,520 common shares TreasuryStockValue $6.44B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $17.57B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $17.03B USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $121.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $108.00M USD Point-in-time
Total Valero Energy Corporation stockholders equity StockholdersEquity $18.03B USD Point-in-time
Total Valero Energy Corporation stockholders equity StockholdersEquity $18.34B USD Point-in-time
Noncontrolling interests MinorityInterest $75.00M USD Point-in-time
Noncontrolling interests MinorityInterest $63.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.42B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $15.99B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $18.09B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $16.45B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $44.48B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $45.50B USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Operating revenues (a) RefiningAndMarketingRevenue $35.17B USD 1 Quarter
Operating revenues (a) RefiningAndMarketingRevenue $33.47B USD 1 Quarter
Cost of sales RefiningAndMarketingCosts $30.68B USD 1 Quarter
Cost of sales RefiningAndMarketingCosts $33.03B USD 1 Quarter
Refining RefiningOperatingCostsAndExpenses $964.00M USD 1 Quarter
Refining RefiningOperatingCostsAndExpenses $876.00M USD 1 Quarter
Retail SellingExpense $166.00M USD 1 Quarter
Retail SellingExpense $169.00M USD 1 Quarter
Ethanol EthanolOperatingCostsAndExpenses $77.00M USD 1 Quarter
Ethanol EthanolOperatingCostsAndExpenses $87.00M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $176.00M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $164.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $430.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $384.00M USD 1 Quarter
Asset impairment losses ImpairmentOfLongLivedAssetsHeldForUse $611.00M USD 1 Quarter
Asset impairment losses ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Total costs and expenses CostsAndExpenses $32.41B USD 1 Quarter
Total costs and expenses CostsAndExpenses $35.41B USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-244.00M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $1.06B USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $14.00M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $6.00M USD 1 Quarter
Interest and debt expense, net of capitalized interest InterestExpense $83.00M USD 1 Quarter
Interest and debt expense, net of capitalized interest InterestExpense $99.00M USD 1 Quarter
Income (loss) before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $992.00M USD 1 Quarter
Income (loss) before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-337.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $340.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $95.00M USD 1 Quarter
Net income (loss) ProfitLoss $-432.00M USD 1 Quarter
Net income (loss) ProfitLoss $652.00M USD 1 Quarter
Less: Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-2.00M USD 1 Quarter
Less: Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income (loss) attributable to Valero Energy Corporation stockholders NetIncomeLoss $-432.00M USD 1 Quarter
Net income (loss) attributable to Valero Energy Corporation stockholders NetIncomeLoss $654.00M USD 1 Quarter
Earnings per common share EarningsPerShareBasic $-0.78 USD 1 Quarter
Earnings per common share EarningsPerShareBasic $1.18 USD 1 Quarter
Weighted-average common shares outstanding (in millions) WeightedAverageNumberOfSharesOutstandingBasic 550.00M shares 1 Quarter
Weighted-average common shares outstanding (in millions) WeightedAverageNumberOfSharesOutstandingBasic 551.00M shares 1 Quarter
Earnings per common share assuming dilution EarningsPerShareDiluted $1.18 USD 1 Quarter
Earnings per common share assuming dilution EarningsPerShareDiluted $-0.78 USD 1 Quarter
Weighted-average common shares outstanding - assuming dilution (in millions) WeightedAverageNumberOfDilutedSharesOutstanding 556.00M shares 1 Quarter
Weighted-average common shares outstanding - assuming dilution (in millions) WeightedAverageNumberOfDilutedSharesOutstanding 551.00M shares 1 Quarter
Dividends per common share CommonStockDividendsPerShareCashPaid $0.15 USD 1 Quarter
Dividends per common share CommonStockDividendsPerShareCashPaid $0.20 USD 1 Quarter
(a) Includes excise taxes on sales by our U.S. retail system ExciseAndSalesTaxes $236.00M USD 1 Quarter
(a) Includes excise taxes on sales by our U.S. retail system ExciseAndSalesTaxes $234.00M USD 1 Quarter
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-432.00M USD 1 Quarter
Net income (loss) ProfitLoss $652.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $430.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $384.00M USD 1 Quarter
Asset impairment losses ImpairmentOfLongLivedAssetsHeldForUse $611.00M USD 1 Quarter
Asset impairment losses ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Noncash interest expense and other income, net OtherNoncashIncomeExpense $-7.00M USD 1 Quarter
Noncash interest expense and other income, net OtherNoncashIncomeExpense $-1.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $12.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $10.00M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxesAndTaxCredits $61.00M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxesAndTaxCredits $173.00M USD 1 Quarter
Changes in current assets and current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $-255.00M USD 1 Quarter
Changes in current assets and current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $-903.00M USD 1 Quarter
Changes in deferred charges and credits and other operating activities, net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet - USD 1 Quarter
Changes in deferred charges and credits and other operating activities, net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-26.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.55B USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.54B USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $577.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $726.00M USD 1 Quarter
Deferred turnaround and catalyst costs PaymentsForCapitalImprovements $158.00M USD 1 Quarter
Deferred turnaround and catalyst costs PaymentsForCapitalImprovements $287.00M USD 1 Quarter
Proceeds from the sale of the Paulsboro Refinery ProceedsFromCollectionOfNotesReceivable - USD 1 Quarter
Proceeds from the sale of the Paulsboro Refinery ProceedsFromCollectionOfNotesReceivable $160.00M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $-10.00M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $-4.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-860.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-714.00M USD 1 Quarter
Repayments RepaymentsOfOtherLongTermDebt $180.00M USD 1 Quarter
Repayments RepaymentsOfOtherLongTermDebt - USD 1 Quarter
Repayments RepaymentsOfOtherDebt $150.00M USD 1 Quarter
Repayments RepaymentsOfOtherDebt - USD 1 Quarter
Purchase of common stock for treasury PaymentsForRepurchaseOfCommonStock $304.00M USD 1 Quarter
Purchase of common stock for treasury PaymentsForRepurchaseOfCommonStock $106.00M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $38.00M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $9.00M USD 1 Quarter
Common stock dividends PaymentsOfDividendsCommonStock $111.00M USD 1 Quarter
Common stock dividends PaymentsOfDividendsCommonStock $83.00M USD 1 Quarter
Contributions from noncontrolling interest ProceedsFromPaymentsToMinorityShareholders $11.00M USD 1 Quarter
Contributions from noncontrolling interest ProceedsFromPaymentsToMinorityShareholders $13.00M USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities - USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $22.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-522.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-319.00M USD 1 Quarter
Effect of foreign exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $24.00M USD 1 Quarter
Effect of foreign exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-33.00M USD 1 Quarter
Net increase in cash and temporary cash investments CashAndCashEquivalentsPeriodIncreaseDecrease $134.00M USD 1 Quarter
Net increase in cash and temporary cash investments CashAndCashEquivalentsPeriodIncreaseDecrease $535.00M USD 1 Quarter
Cash and temporary cash investments at beginning of period CashAndCashEquivalentsAtCarryingValue $1.86B USD Point-in-time
Cash and temporary cash investments at beginning of period CashAndCashEquivalentsAtCarryingValue $1.72B USD Point-in-time
Cash and temporary cash investments at beginning of period CashAndCashEquivalentsAtCarryingValue $1.02B USD Point-in-time
Cash and temporary cash investments at beginning of period CashAndCashEquivalentsAtCarryingValue $1.56B USD Point-in-time
Cash and temporary cash investments at end of period CashAndCashEquivalentsAtCarryingValue $1.86B USD Point-in-time
Cash and temporary cash investments at end of period CashAndCashEquivalentsAtCarryingValue $1.72B USD Point-in-time
Cash and temporary cash investments at end of period CashAndCashEquivalentsAtCarryingValue $1.02B USD Point-in-time
Cash and temporary cash investments at end of period CashAndCashEquivalentsAtCarryingValue $1.56B USD Point-in-time
Comprehensive Income 30 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-432.00M USD 1 Quarter
Net income (loss) ProfitLoss $652.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $123.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-204.00M USD 1 Quarter
Gain arising during the period related to remeasurement due to plan amendments OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax - USD 1 Quarter
Gain arising during the period related to remeasurement due to plan amendments OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax $-328.00M USD 1 Quarter
Net actuarial loss OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax $14.00M USD 1 Quarter
Net actuarial loss OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax $8.00M USD 1 Quarter
Prior service credit OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostBeforeTax $4.00M USD 1 Quarter
Prior service credit OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicBenefitCostBeforeTax $6.00M USD 1 Quarter
Net gain on pension and other postretirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-336.00M USD 1 Quarter
Net gain on pension and other postretirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-4.00M USD 1 Quarter
Net gain arising during the period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $47.00M USD 1 Quarter
Net gain arising during the period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $1.00M USD 1 Quarter
Net gain reclassified into income OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax $-48.00M USD 1 Quarter
Net gain reclassified into income OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax $-3.00M USD 1 Quarter
Net loss on cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-1.00M USD 1 Quarter
Net loss on cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-2.00M USD 1 Quarter
Other comprehensive income, before income tax expense OtherComprehensiveIncomeLossBeforeTax $126.00M USD 1 Quarter
Other comprehensive income, before income tax expense OtherComprehensiveIncomeLossBeforeTax $130.00M USD 1 Quarter
Income tax expense related to items of other comprehensive income OtherComprehensiveIncomeLossTax $117.00M USD 1 Quarter
Income tax expense related to items of other comprehensive income OtherComprehensiveIncomeLossTax $1.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $125.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $13.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $665.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-307.00M USD 1 Quarter
Less: Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Less: Comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-2.00M USD 1 Quarter
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders ComprehensiveIncomeNetOfTax $-307.00M USD 1 Quarter
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders ComprehensiveIncomeNetOfTax $667.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...