$VLO
VALERO ENERGY CORP/TX

2018 Q4 Form 10-Q Financial Statement

#000103500218000047 Filed on November 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $28.73B $30.85B $23.56B
YoY Change 8.86% 30.93% 19.91%
Cost Of Revenue $27.23B $29.40B $21.95B
YoY Change 8.05% 33.94% 18.3%
Gross Profit $1.546B $1.451B $1.614B
YoY Change 39.28% -10.1% 47.26%
Gross Profit Margin 5.38% 4.7% 6.85%
Selling, General & Admin $230.0M $209.0M $225.0M
YoY Change -2.95% -7.11% 17.19%
% of Gross Profit 14.88% 14.4% 13.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $531.0M $517.0M $497.0M
YoY Change 8.37% 4.02% 5.74%
% of Gross Profit 34.35% 35.63% 30.79%
Operating Expenses $247.0M $232.0M $282.0M
YoY Change -7.49% -17.73% 46.88%
Operating Profit $1.299B $1.219B $1.332B
YoY Change 54.09% -8.48% 49.33%
Interest Expense -$64.00M $111.0M $114.0M
YoY Change -66.67% -2.63% -0.87%
% of Operating Profit -4.93% 9.11% 8.56%
Other Income/Expense, Net $42.00M $42.00M $23.00M
YoY Change 16.67% 82.61% 91.67%
Pretax Income $1.227B $1.150B $1.241B
YoY Change 60.39% -7.33% 57.29%
Income Tax $222.0M $276.0M $378.0M
% Of Pretax Income 18.09% 24.0% 30.46%
Net Earnings $952.0M $856.0M $841.0M
YoY Change -59.85% 1.78% 37.19%
Net Earnings / Revenue 3.31% 2.77% 3.57%
Basic Earnings Per Share $2.26 $2.01 $1.91
Diluted Earnings Per Share $2.24 $2.01 $1.91
COMMON SHARES
Basic Shares Outstanding 424.3M shares 425.0M shares 439.0M shares
Diluted Shares Outstanding 427.0M shares 441.0M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.982B $3.551B $5.176B
YoY Change -49.03% -31.39% -12.99%
Cash & Equivalents $2.982B $3.551B $5.176B
Short-Term Investments
Other Short-Term Assets $3.612B $2.674B $1.068B
YoY Change 244.0% 150.37% 368.42%
Inventory $6.532B $7.501B $6.137B
Prepaid Expenses
Receivables $4.549B $6.165B $5.061B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.68B $19.89B $17.44B
YoY Change -8.48% 14.04% 3.34%
LONG-TERM ASSETS
Property, Plant & Equipment $28.85B $28.43B $27.27B
YoY Change 4.98% 4.23% 2.85%
Goodwill $260.0M
YoY Change
Intangibles $307.0M
YoY Change 116.2%
Long-Term Investments $542.0M
YoY Change 2.26%
Other Assets $3.632B $3.575B $3.272B
YoY Change 7.9% 9.26% 14.05%
Total Long-Term Assets $32.48B $32.00B $30.55B
YoY Change 5.3% 4.77% 3.94%
TOTAL ASSETS
Total Short-Term Assets $17.68B $19.89B $17.44B
Total Long-Term Assets $32.48B $32.00B $30.55B
Total Assets $50.16B $51.89B $47.99B
YoY Change -0.01% 8.14% 3.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.594B $10.22B $6.677B
YoY Change 2.95% 53.12% 24.39%
Accrued Expenses $630.0M $553.0M $817.0M
YoY Change -11.52% -32.31% 30.1%
Deferred Revenue $31.00M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $238.0M $199.0M $121.0M
YoY Change 95.08% 64.46% -88.63%
Total Short-Term Liabilities $10.72B $12.48B $9.130B
YoY Change -3.13% 36.71% 11.02%
LONG-TERM LIABILITIES
Long-Term Debt $8.871B $8.877B $8.364B
YoY Change 1.38% 6.13% 6.03%
Other Long-Term Liabilities $2.867B $2.850B $1.908B
YoY Change 5.06% 49.37% 15.36%
Total Long-Term Liabilities $2.867B $2.850B $1.908B
YoY Change 5.06% 49.37% 15.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.72B $12.48B $9.130B
Total Long-Term Liabilities $2.867B $2.850B $1.908B
Total Liabilities $13.59B $15.33B $11.04B
YoY Change -1.51% 38.9% 11.74%
SHAREHOLDERS EQUITY
Retained Earnings $31.04B $30.43B $27.14B
YoY Change 6.32% 12.14% 3.29%
Common Stock $7.055B $7.049B $7.067B
YoY Change 0.13% -0.25% -0.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.93B $14.33B $12.94B
YoY Change 12.09% 10.78% 8.49%
Treasury Stock Shares 255.9M shares 248.9M shares 235.5M shares
Shareholders Equity $21.67B $21.91B $20.37B
YoY Change
Total Liabilities & Shareholders Equity $50.16B $51.89B $47.99B
YoY Change -0.01% 8.14% 3.72%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $952.0M $856.0M $841.0M
YoY Change -59.85% 1.78% 37.19%
Depreciation, Depletion And Amortization $531.0M $517.0M $497.0M
YoY Change 8.37% 4.02% 5.74%
Cash From Operating Activities $1.678B $496.0M $1.037B
YoY Change 1.08% -52.17% 20.16%
INVESTING ACTIVITIES
Capital Expenditures -$495.0M -$439.0M -$341.0M
YoY Change 6.22% 28.74% 12.91%
Acquisitions
YoY Change
Other Investing Activities -$665.0M -$197.0M -$225.0M
YoY Change 277.84% -12.44% 49.01%
Cash From Investing Activities -$1.160B -$636.0M -$566.0M
YoY Change 80.69% 12.37% 24.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -987.0M -779.0M -615.0M
YoY Change 200.0% 26.67% -193.47%
NET CHANGE
Cash From Operating Activities 1.678B 496.0M 1.037B
Cash From Investing Activities -1.160B -636.0M -566.0M
Cash From Financing Activities -987.0M -779.0M -615.0M
Net Change In Cash -469.0M -919.0M -144.0M
YoY Change -168.07% 538.19% -113.48%
FREE CASH FLOW
Cash From Operating Activities $1.678B $496.0M $1.037B
Capital Expenditures -$495.0M -$439.0M -$341.0M
Free Cash Flow $2.173B $935.0M $1.378B
YoY Change 2.21% -32.15% 18.28%

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CY2017Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
11000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
56000000 USD
CY2018Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
63000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1943000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2181000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1740000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2768000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3822000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2693000000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
841000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1694000000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
856000000 USD
us-gaap Net Income Loss
NetIncomeLoss
2170000000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
22000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
62000000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
161000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
509000000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-224000000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1332000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
2720000000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1219000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
3273000000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3366000000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3575000000 USD
CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
228000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
510000000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
23000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-223000000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
232000000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
521000000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
31000000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-198000000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
231000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
518000000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
30000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-203000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
517000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-204000000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-4000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-11000000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-8000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-25000000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1000000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3000000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1000000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
5000000 USD
CY2017Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
44000000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
44000000 USD
CY2018Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
10000000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
41000000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2729000000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2850000000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
23000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
76000000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
42000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
88000000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
381000000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
661000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-9000000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
863000000 USD
us-gaap Profit Loss
ProfitLoss
1756000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
951000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1081000000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
56000000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
63000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
936000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1031000000 USD
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
88000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
466000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
373000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
124000000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
72000000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
181000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
913000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1168000000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
156000000 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
590000000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
36000000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1329000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
32000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-21000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-15000000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
874000000 USD
us-gaap Profit Loss
ProfitLoss
2331000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
40010000000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
41841000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27480000000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28428000000 USD
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
6922000000 USD
CY2018Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
8249000000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-8000000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-20000000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
15000000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
1352000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
29200000000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
30430000000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
23562000000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
67588000000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
30849000000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
88303000000 USD
CY2017Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1321000000 USD
CY2018Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1275000000 USD
CY2017Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-10000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-21000000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-15000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-149000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
21991000000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
21910000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20854000000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20765000000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21224000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22900000000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22804000000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22960000000 USD
CY2017Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
41000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
36000000 USD
CY2018Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
-6000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-7000000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
239603534 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
248855313 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
13315000000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
14334000000 USD
CY2017Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
276000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
925000000 USD
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
396000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
904000000 USD
CY2017Q4 us-gaap Weighted Average Cost Inventory Amount
WeightedAverageCostInventoryAmount
1000000000 USD
CY2018Q3 us-gaap Weighted Average Cost Inventory Amount
WeightedAverageCostInventoryAmount
1400000000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
441000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
446000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
427000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
430000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
439000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
444000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
425000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
428000000 shares
CY2017Q4 vlo Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
242000000 USD
CY2018Q3 vlo Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
211000000 USD
CY2018Q3 vlo Number Of Ethanol Plants Owned By Company
NumberOfEthanolPlantsOwnedByCompany
11 ethanol_plant
CY2018Q3 vlo Number Of Refineries Owned By Company
NumberOfRefineriesOwnedByCompany
15 refinery
vlo Tax Cutsand Jobs Act Reclassificationfrom Aoc Ito Retained Earnings Tax Effect Attributableto Parent
TaxCutsandJobsActReclassificationfromAOCItoRetainedEarningsTaxEffectAttributabletoParent
0 USD
vlo Variable Interest Entity Consolidated Paymentsfor Capital Expenditures
VariableInterestEntityConsolidatedPaymentsforCapitalExpenditures
0 USD
vlo Variable Interest Entity Consolidated Paymentsfor Capital Expenditures
VariableInterestEntityConsolidatedPaymentsforCapitalExpenditures
89000000 USD
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;">Certain prior period amounts have been reclassified to conform to the 2018 presentation.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div></div>
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;">&#160;</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>

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