$VLO
VALERO ENERGY CORP/TX Stock $vlo

$vlo Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000103500217000032 Filed on May 08, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$21.77B	$15.71B
YoY Change	38.55%	-26.33%
Cost Of Revenue	$21.04B	$14.83B
YoY Change	41.87%	-19.83%
Gross Profit	$732.0M	$997.0M
YoY Change	-26.58%	-64.8%
Gross Profit Margin	3.36%	6.34%
Selling, General & Admin	$192.0M	$156.0M
YoY Change	23.08%	6.12%
% of Gross Profit	26.23%	15.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$500.0M	$485.0M
YoY Change	3.09%	9.98%
% of Gross Profit	68.31%	48.65%
Operating Expenses	$204.0M	$156.0M
YoY Change	30.77%	-87.33%
Operating Profit	$528.0M	$829.0M
YoY Change	-36.31%	-44.55%
Interest Expense	$121.0M	$108.0M
YoY Change	12.04%	6.93%
% of Operating Profit	22.92%	13.03%
Other Income/Expense, Net	$26.00M	$9.000M
YoY Change	188.89%	-62.5%
Pretax Income	$433.0M	$730.0M
YoY Change	-40.68%	-48.52%
Income Tax	$112.0M	$217.0M
% Of Pretax Income	25.87%	29.73%
Net Earnings	$305.0M	$495.0M
YoY Change	-38.38%	-48.65%
Net Earnings / Revenue	1.4%	3.15%
Basic Earnings Per Share	$0.68	$1.05
Diluted Earnings Per Share	$0.68	$1.05
COMMON SHARES
Basic Shares Outstanding	448.0M shares	469.0M shares
Diluted Shares Outstanding	451.0M shares	471.0M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.463B	$3.778B
YoY Change	18.13%	-22.42%
Cash & Equivalents	$4.463B	$3.778B
Short-Term Investments
Other Short-Term Assets	$989.0M	$335.0M
YoY Change	195.22%	21.82%
Inventory	$6.025B	$6.056B
Prepaid Expenses
Receivables	$4.431B	$4.518B
Other Receivables	$0.00	$174.0M
Total Short-Term Assets	$15.91B	$14.86B
YoY Change	7.05%	-11.48%
LONG-TERM ASSETS
Property, Plant & Equipment	$26.99B	$26.75B
YoY Change	0.92%	0.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$3.148B	$2.653B
YoY Change	18.66%	12.56%
Total Long-Term Assets	$30.14B	$29.40B
YoY Change	2.52%	1.54%
TOTAL ASSETS
Total Short-Term Assets	$15.91B	$14.86B
Total Long-Term Assets	$30.14B	$29.40B
Total Assets	$46.05B	$44.26B
YoY Change	4.04%	-3.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.037B	$4.980B
YoY Change	21.22%	-17.14%
Accrued Expenses	$707.0M	$416.0M
YoY Change	69.95%	-18.75%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$120.0M	$128.0M
YoY Change	-6.25%	-36.0%
Total Short-Term Liabilities	$7.899B	$6.775B
YoY Change	16.59%	-21.53%
LONG-TERM LIABILITIES
Long-Term Debt	$8.369B	$7.207B
YoY Change	16.12%	-0.24%
Other Long-Term Liabilities	$1.932B	$1.590B
YoY Change	21.51%	-17.06%
Total Long-Term Liabilities	$1.932B	$1.590B
YoY Change	21.51%	-17.06%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.899B	$6.775B
Total Long-Term Liabilities	$1.932B	$1.590B
Total Liabilities	$9.831B	$8.365B
YoY Change	17.53%	-20.72%
SHAREHOLDERS EQUITY
Retained Earnings	$26.37B	$25.40B
YoY Change	3.8%	11.39%
Common Stock	$7.103B	$7.064B
YoY Change	0.55%	-0.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$12.31B	$11.01B
YoY Change	11.84%	31.19%
Treasury Stock Shares	226.3M shares	203.7M shares
Shareholders Equity	$19.83B	$20.66B
YoY Change
Total Liabilities & Shareholders Equity	$46.05B	$44.26B
YoY Change	4.04%	-3.24%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$305.0M	$495.0M
YoY Change	-38.38%	-48.65%
Depreciation, Depletion And Amortization	$500.0M	$485.0M
YoY Change	3.09%	9.98%
Cash From Operating Activities	$988.0M	$640.0M
YoY Change	54.38%	-55.34%
INVESTING ACTIVITIES
Capital Expenditures	$279.0M	$316.0M
YoY Change	-11.71%	-31.0%
Acquisitions
YoY Change
Other Investing Activities	$1.000M	$2.000M
YoY Change	-50.0%	-86.67%
Cash From Investing Activities	-$714.0M	-$481.0M
YoY Change	48.44%	-32.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$314.0M	$265.0M
YoY Change	18.49%	-18.46%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$652.0M	-$544.0M
YoY Change	19.85%	-203.42%
NET CHANGE
Cash From Operating Activities	$988.0M	$640.0M
Cash From Investing Activities	-$714.0M	-$481.0M
Cash From Financing Activities	-$652.0M	-$544.0M
Net Change In Cash	-$378.0M	-$385.0M
YoY Change	-1.82%	-130.9%
FREE CASH FLOW
Cash From Operating Activities	$988.0M	$640.0M
Capital Expenditures	$279.0M	$316.0M
Free Cash Flow	$709.0M	$324.0M
YoY Change	118.83%	-66.77%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	7096000000	USD
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CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001035002
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	447231409	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	VALERO ENERGY CORP/TX
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CY2016Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	78000000	USD
CY2017Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	64000000	USD
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CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	381000000	USD
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CY2017Q1	us-gaap	Costs And Expenses CostsAndExpenses	21235000000	USD
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CY2016Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	0	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	35000000	USD
CY2017Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	1000000	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	265000000	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	314000000	USD
CY2016Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	0	USD
CY2017Q1	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	25000000	USD
CY2016Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	282000000	USD
CY2017Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	315000000	USD
CY2016Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	7000000	USD
CY2017Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	9000000	USD
CY2016Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	0	USD
CY2017Q1	us-gaap	Payments To Acquire Oil And Gas Property And Equipment PaymentsToAcquireOilAndGasPropertyAndEquipment	72000000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	316000000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	279000000	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	374000000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	13000000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-19000000	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	513000000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	321000000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	37733000000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	38571000000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	26472000000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	26991000000	USD
CY2016Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	5901000000	USD
CY2017Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	5104000000	USD
CY2016Q1	us-gaap	Refining And Marketing Costs RefiningAndMarketingCosts	13507000000	USD
CY2017Q1	us-gaap	Refining And Marketing Costs RefiningAndMarketingCosts	19428000000	USD
CY2016Q1	us-gaap	Refining And Marketing Revenue RefiningAndMarketingRevenue	15714000000	USD
CY2017Q1	us-gaap	Refining And Marketing Revenue RefiningAndMarketingRevenue	21772000000	USD
CY2016Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	3000000	USD
CY2017Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	5000000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	26366000000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	26366000000	USD
CY2016Q4	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	1084000000	USD
CY2017Q1	us-gaap	Sales And Excise Tax Payable Current SalesAndExciseTaxPayableCurrent	971000000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	20024000000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	19825000000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	21354000000	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	21495000000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	20854000000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	20651000000	USD
CY2016Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-13000000	USD
CY2017Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-38000000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	222000024	shares
CY2017Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	226338916	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	12027000000	USD
CY2017Q1	us-gaap	Treasury Stock Value TreasuryStockValue	12310000000	USD
CY2016Q4	us-gaap	Weighted Average Cost Inventory Amount WeightedAverageCostInventoryAmount	641000000	USD
CY2017Q1	us-gaap	Weighted Average Cost Inventory Amount WeightedAverageCostInventoryAmount	663000000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	471000000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	451000000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	469000000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	448000000	shares
CY2016Q4	vlo	Ethanol Feedstocks And Products EthanolFeedstocksAndProducts	238000000	USD
CY2017Q1	vlo	Ethanol Feedstocks And Products EthanolFeedstocksAndProducts	268000000	USD
CY2017Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">As of January 1, 2017, we revised our reportable segments to reflect a new reportable segment — VLP. The results of the VLP segment include the results of Valero Energy Partners LP (VLP), our majority-owned master limited partnership. Our prior period segment information has been retrospectively adjusted to reflect our current segment presentation. See </font><font style="font-family:inherit;font-size:11pt;">Note 9</font><font style="font-family:inherit;font-size:11pt;"> for additional information.</font></div></div>
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The preparation of financial statements in conformity with U.S.</font><font style="font-family:inherit;font-size:11pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:11pt;">GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. On an ongoing basis, we review our estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0001035002-17-000032-index-headers.html	Edgar Link	pending
0001035002-17-000032-index.html	Edgar Link	pending
0001035002-17-000032.txt	Edgar Link	pending
0001035002-17-000032-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
vlo-20170331.xml	Edgar Link	completed
vlo-20170331.xsd	Edgar Link	pending
vlo-20170331_cal.xml	Edgar Link	unprocessable
vlo-20170331_def.xml	Edgar Link	unprocessable
vlo-20170331_lab.xml	Edgar Link	unprocessable
vlo-20170331_pre.xml	Edgar Link	unprocessable
vloexh3101-3312017.htm	Edgar Link	pending
vloexh3102-3312017.htm	Edgar Link	pending
vloexh3201-3312017.htm	Edgar Link	pending
vloform10-qx3312017.htm	Edgar Link	pending

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$VLO
VALERO ENERGY CORP/TX Stock $vlo

2017 Q1 Form 10-Q Financial Statement

#000103500217000032 Filed on May 08, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VLO VALERO ENERGY CORP/TX Stock $vlo

2017 Q1 Form 10-Q Financial Statement

#000103500217000032 Filed on May 08, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VLO
VALERO ENERGY CORP/TX Stock $vlo