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10-Q Filing

VALERO ENERGY CORP/TX CIK: 1035002 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001035002-15-000036
Period End Date 20150331
Filing Date 20150507
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance vlo-20150331.xml
Filing Contents
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Cash and temporary cash investments CashAndCashEquivalentsAtCarryingValue $3.69B USD Point-in-time
Cash and temporary cash investments CashAndCashEquivalentsAtCarryingValue $3.65B USD Point-in-time
Cash and temporary cash investments CashAndCashEquivalentsAtCarryingValue $4.29B USD Point-in-time
Cash and temporary cash investments CashAndCashEquivalentsAtCarryingValue $4.87B USD Point-in-time
Receivables, net ReceivablesNetCurrent $4.92B USD Point-in-time
Receivables, net ReceivablesNetCurrent $5.88B USD Point-in-time
Inventories InventoryNet $6.62B USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventories InventoryNet $6.67B USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $53.00M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.20B shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $97.00M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.20B shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 673.50M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 673.50M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $162.00M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $121.00M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 159.20M shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $154.00M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 163.18M shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $164.00M USD Point-in-time
Total current assets AssetsCurrent $16.79B USD Point-in-time
Total current assets AssetsCurrent $16.61B USD Point-in-time
Property, plant, and equipment, at cost PropertyPlantAndEquipmentGross $36.02B USD Point-in-time
Property, plant, and equipment, at cost PropertyPlantAndEquipmentGross $35.93B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $9.43B USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $9.20B USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $26.73B USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $26.60B USD Point-in-time
Deferred charges and other assets, net OtherAssetsNoncurrent $2.36B USD Point-in-time
Deferred charges and other assets, net OtherAssetsNoncurrent $2.20B USD Point-in-time
Total assets Assets $45.74B USD Point-in-time
Total assets Assets $45.55B USD Point-in-time
Current portion of debt and capital lease obligations DebtCurrent $606.00M USD Point-in-time
Current portion of debt and capital lease obligations DebtCurrent $200.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.76B USD Point-in-time
Accounts payable AccountsPayableCurrent $6.01B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $596.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $512.00M USD Point-in-time
Taxes other than income taxes SalesAndExciseTaxPayableCurrent $1.05B USD Point-in-time
Taxes other than income taxes SalesAndExciseTaxPayableCurrent $1.21B USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $433.00M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $546.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent $314.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesCurrent $376.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $8.63B USD Point-in-time
Total current liabilities LiabilitiesCurrent $9.98B USD Point-in-time
Debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligations $5.78B USD Point-in-time
Debt and capital lease obligations, less current portion LongTermDebtAndCapitalLeaseObligations $7.22B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $6.62B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $6.61B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $1.92B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $1.94B 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 $7.08B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $7.12B USD Point-in-time
Treasury stock, at cost; 163,184,575 and 159,202,872 common shares TreasuryStockValue $8.39B USD Point-in-time
Treasury stock, at cost; 163,184,575 and 159,202,872 common shares TreasuryStockValue $8.12B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $22.05B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $22.80B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-367.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-730.00M USD Point-in-time
Total Valero Energy Corporation stockholders equity StockholdersEquity $20.77B USD Point-in-time
Total Valero Energy Corporation stockholders equity StockholdersEquity $20.68B USD Point-in-time
Noncontrolling interests MinorityInterest $567.00M USD Point-in-time
Noncontrolling interests MinorityInterest $568.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.95B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $21.24B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.41B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $21.34B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $45.55B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $45.74B USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Operating revenues RefiningAndMarketingRevenue $33.66B USD 1 Quarter
Operating revenues RefiningAndMarketingRevenue $21.33B USD 1 Quarter
Cost of sales RefiningAndMarketingCosts $30.63B USD 1 Quarter
Cost of sales RefiningAndMarketingCosts $18.16B USD 1 Quarter
Refining RefiningOperatingCostsAndExpenses $964.00M USD 1 Quarter
Refining RefiningOperatingCostsAndExpenses $972.00M USD 1 Quarter
Ethanol EthanolOperatingCostsAndExpenses $120.00M USD 1 Quarter
Ethanol EthanolOperatingCostsAndExpenses $129.00M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $160.00M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $147.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $441.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $421.00M USD 1 Quarter
Total costs and expenses CostsAndExpenses $32.31B USD 1 Quarter
Total costs and expenses CostsAndExpenses $19.84B USD 1 Quarter
Operating income OperatingIncomeLoss $1.35B USD 1 Quarter
Operating income OperatingIncomeLoss $1.50B USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $15.00M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $24.00M USD 1 Quarter
Interest and debt expense, net of capitalized interest InterestExpense $101.00M USD 1 Quarter
Interest and debt expense, net of capitalized interest InterestExpense $100.00M USD 1 Quarter
Income from continuing operations before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.42B USD 1 Quarter
Income from continuing operations before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.27B USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $450.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $429.00M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $837.00M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $968.00M USD 1 Quarter
Loss from discontinued operations DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax $-1.00M USD 1 Quarter
Loss from discontinued operations DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax - USD 1 Quarter
Net income ProfitLoss $836.00M USD 1 Quarter
Net income ProfitLoss $968.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $8.00M USD 1 Quarter
Net income attributable to Valero Energy Corporation stockholders NetIncomeLoss $964.00M USD 1 Quarter
Net income attributable to Valero Energy Corporation stockholders NetIncomeLoss $828.00M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperations $829.00M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperations $964.00M USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-1.00M USD 1 Quarter
Net income attributable to Valero Energy Corporation stockholders NetIncomeLoss $964.00M USD 1 Quarter
Net income attributable to Valero Energy Corporation stockholders NetIncomeLoss $828.00M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $1.87 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $1.55 USD 1 Quarter
Discontinued operations DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare - USD 1 Quarter
Discontinued operations DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare - USD 1 Quarter
Total EarningsPerShareBasic $1.87 USD 1 Quarter
Total EarningsPerShareBasic $1.55 USD 1 Quarter
Weighted-average common shares outstanding (in millions) WeightedAverageNumberOfSharesOutstandingBasic 531.00M shares 1 Quarter
Weighted-average common shares outstanding (in millions) WeightedAverageNumberOfSharesOutstandingBasic 513.00M shares 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $1.87 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $1.54 USD 1 Quarter
Discontinued operations DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare - USD 1 Quarter
Discontinued operations DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare - USD 1 Quarter
Total EarningsPerShareDiluted $1.54 USD 1 Quarter
Total EarningsPerShareDiluted $1.87 USD 1 Quarter
Weighted-average common shares outstanding assuming dilution (in millions) WeightedAverageNumberOfDilutedSharesOutstanding 516.00M shares 1 Quarter
Weighted-average common shares outstanding assuming dilution (in millions) WeightedAverageNumberOfDilutedSharesOutstanding 536.00M shares 1 Quarter
Dividends per common share CommonStockDividendsPerShareCashPaid $0.40 USD 1 Quarter
Dividends per common share CommonStockDividendsPerShareCashPaid $0.25 USD 1 Quarter
Cash Flow Statement 48 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $836.00M USD 1 Quarter
Net income ProfitLoss $968.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $441.00M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $421.00M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxesAndTaxCredits $88.00M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxesAndTaxCredits $-61.00M USD 1 Quarter
Changes in current assets and current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $1.09B USD 1 Quarter
Changes in current assets and current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $-57.00M USD 1 Quarter
Changes in deferred charges and credits and other operating activities, net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $13.00M USD 1 Quarter
Changes in deferred charges and credits and other operating activities, net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-28.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $244.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.43B USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $458.00M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $388.00M USD 1 Quarter
Deferred turnaround and catalyst costs PaymentsForCapitalImprovements $129.00M USD 1 Quarter
Deferred turnaround and catalyst costs PaymentsForCapitalImprovements $240.00M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $15.00M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $41.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-558.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-713.00M USD 1 Quarter
Proceeds from debt issuances ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds from debt issuances ProceedsFromIssuanceOfLongTermDebt $1.45B USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt - USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $402.00M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $15.00M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $24.00M USD 1 Quarter
Purchase of common stock for treasury PaymentsForRepurchaseOfCommonStock $325.00M USD 1 Quarter
Purchase of common stock for treasury PaymentsForRepurchaseOfCommonStock $226.00M USD 1 Quarter
Common stock dividends PaymentsOfDividendsCommonStock $206.00M USD 1 Quarter
Common stock dividends PaymentsOfDividendsCommonStock $133.00M USD 1 Quarter
Distributions to public unitholders of Valero Energy Partners LP PaymentsOfDividendsMinorityInterest $1.00M USD 1 Quarter
Distributions to public unitholders of Valero Energy Partners LP PaymentsOfDividendsMinorityInterest $5.00M USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $24.00M USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $3.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $526.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-312.00M USD 1 Quarter
Effect of foreign exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-65.00M USD 1 Quarter
Effect of foreign exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-19.00M USD 1 Quarter
Net increase (decrease) in cash and temporary cash investments CashAndCashEquivalentsPeriodIncreaseDecrease $-645.00M USD 1 Quarter
Net increase (decrease) in cash and temporary cash investments CashAndCashEquivalentsPeriodIncreaseDecrease $1.18B USD 1 Quarter
Cash and temporary cash investments at beginning of period CashAndCashEquivalentsAtCarryingValue $3.69B USD Point-in-time
Cash and temporary cash investments at beginning of period CashAndCashEquivalentsAtCarryingValue $3.65B USD Point-in-time
Cash and temporary cash investments at beginning of period CashAndCashEquivalentsAtCarryingValue $4.29B USD Point-in-time
Cash and temporary cash investments at beginning of period CashAndCashEquivalentsAtCarryingValue $4.87B USD Point-in-time
Cash and temporary cash investments at end of period CashAndCashEquivalentsAtCarryingValue $3.69B USD Point-in-time
Cash and temporary cash investments at end of period CashAndCashEquivalentsAtCarryingValue $3.65B USD Point-in-time
Cash and temporary cash investments at end of period CashAndCashEquivalentsAtCarryingValue $4.29B USD Point-in-time
Cash and temporary cash investments at end of period CashAndCashEquivalentsAtCarryingValue $4.87B USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $836.00M USD 1 Quarter
Net income ProfitLoss $968.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-366.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-74.00M USD 1 Quarter
Net gain (loss) on pension and other postretirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $2.00M USD 1 Quarter
Net gain (loss) on pension and other postretirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-5.00M USD 1 Quarter
Net gain on derivative instruments designated and qualifying as cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax - USD 1 Quarter
Net gain on derivative instruments designated and qualifying as cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $4.00M USD 1 Quarter
Other comprehensive loss before income tax expense OtherComprehensiveIncomeLossBeforeTax $-361.00M USD 1 Quarter
Other comprehensive loss before income tax expense OtherComprehensiveIncomeLossBeforeTax $-72.00M USD 1 Quarter
Income tax expense related to items of other comprehensive loss OtherComprehensiveIncomeLossTax $2.00M USD 1 Quarter
Income tax expense related to items of other comprehensive loss OtherComprehensiveIncomeLossTax $1.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-73.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-363.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $763.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $605.00M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $4.00M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $8.00M USD 1 Quarter
Comprehensive income attributable to Valero Energy Corporation stockholders ComprehensiveIncomeNetOfTax $755.00M USD 1 Quarter
Comprehensive income attributable to Valero Energy Corporation stockholders ComprehensiveIncomeNetOfTax $601.00M USD 1 Quarter

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

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