$VLO
VALERO ENERGY CORP/TX

2020 Q2 Form 10-Q Financial Statement

#000103500220000041 Filed on July 31, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $10.40B $28.93B
YoY Change -64.07% -6.71%
Cost Of Revenue $8.424B $27.81B
YoY Change -69.71% -5.66%
Gross Profit $1.973B $1.123B
YoY Change 75.69% -26.84%
Gross Profit Margin 18.98% 3.88%
Selling, General & Admin $169.0M $199.0M
YoY Change -15.08% -19.76%
% of Gross Profit 8.57% 17.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $578.0M $566.0M
YoY Change 2.12% 8.22%
% of Gross Profit 29.3% 50.4%
Operating Expenses $184.0M $215.0M
YoY Change -14.42% -23.76%
Operating Profit $1.789B $908.0M
YoY Change 97.03% -27.53%
Interest Expense $142.0M $112.0M
YoY Change 26.79% -9.68%
% of Operating Profit 7.94% 12.33%
Other Income/Expense, Net $27.00M $12.00M
YoY Change 125.0% -340.0%
Pretax Income $1.674B $808.0M
YoY Change 107.18% -28.11%
Income Tax $339.0M $160.0M
% Of Pretax Income 20.25% 19.8%
Net Earnings $1.253B $612.0M
YoY Change 104.74% -27.57%
Net Earnings / Revenue 12.05% 2.12%
Basic Earnings Per Share $3.07 $1.47
Diluted Earnings Per Share $3.07 $1.47
COMMON SHARES
Basic Shares Outstanding 406.0M shares 415.0M shares
Diluted Shares Outstanding 407.0M shares 417.0M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.319B $2.033B
YoY Change 14.07% -54.32%
Cash & Equivalents $2.319B $2.033B
Short-Term Investments
Other Short-Term Assets $1.555B $1.343B
YoY Change 15.79% -32.17%
Inventory $5.420B $6.281B
Prepaid Expenses
Receivables $3.468B $8.154B
Other Receivables $0.00 $0.00
Total Short-Term Assets $12.76B $17.81B
YoY Change -28.35% -6.0%
LONG-TERM ASSETS
Property, Plant & Equipment $31.93B $28.78B
YoY Change 10.92% 2.14%
Goodwill $260.0M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.684B $5.427B
YoY Change 4.74% 52.87%
Total Long-Term Assets $36.34B $34.21B
YoY Change 6.21% 7.82%
TOTAL ASSETS
Total Short-Term Assets $12.76B $17.81B
Total Long-Term Assets $36.34B $34.21B
Total Assets $49.10B $52.02B
YoY Change -5.62% 2.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.652B $10.14B
YoY Change -54.1% 13.08%
Accrued Expenses $861.0M $764.0M
YoY Change 12.7% 19.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $587.0M $323.0M
YoY Change 81.73% 76.5%
Total Short-Term Liabilities $7.300B $12.55B
YoY Change -41.82% 10.64%
LONG-TERM LIABILITIES
Long-Term Debt $12.09B $9.167B
YoY Change 31.89% 3.28%
Other Long-Term Liabilities $3.770B $3.571B
YoY Change 5.57% 23.27%
Total Long-Term Liabilities $3.770B $3.571B
YoY Change 5.57% 23.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.300B $12.55B
Total Long-Term Liabilities $3.770B $3.571B
Total Liabilities $11.07B $16.12B
YoY Change -31.32% 13.21%
SHAREHOLDERS EQUITY
Retained Earnings $30.58B $31.05B
YoY Change -1.52% 3.78%
Common Stock $6.831B $6.819B
YoY Change 0.18% -3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.76B $15.17B
YoY Change 3.89% 8.96%
Treasury Stock Shares 265.7M shares 258.9M shares
Shareholders Equity $19.85B $21.35B
YoY Change
Total Liabilities & Shareholders Equity $49.10B $52.02B
YoY Change -5.62% 2.65%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $1.253B $612.0M
YoY Change 104.74% -27.57%
Depreciation, Depletion And Amortization $578.0M $566.0M
YoY Change 2.12% 8.22%
Cash From Operating Activities $736.0M $1.517B
YoY Change -51.48% -26.32%
INVESTING ACTIVITIES
Capital Expenditures -$514.0M -$511.0M
YoY Change 0.59% 17.74%
Acquisitions
YoY Change
Other Investing Activities -$68.00M -$297.0M
YoY Change -77.1% -68.6%
Cash From Investing Activities -$582.0M -$808.0M
YoY Change -27.97% -41.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 630.0M -1.447B
YoY Change -143.54% 74.55%
NET CHANGE
Cash From Operating Activities 736.0M 1.517B
Cash From Investing Activities -582.0M -808.0M
Cash From Financing Activities 630.0M -1.447B
Net Change In Cash 784.0M -738.0M
YoY Change -206.23% 392.0%
FREE CASH FLOW
Cash From Operating Activities $736.0M $1.517B
Capital Expenditures -$514.0M -$511.0M
Free Cash Flow $1.250B $2.028B
YoY Change -38.36% -18.65%

Facts In Submission

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CY2019Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
1410000000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
2152000000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
2740000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
1335000000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
648000000 USD
us-gaap Profit Loss
ProfitLoss
-419000000 USD
us-gaap Profit Loss
ProfitLoss
815000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
138000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
0 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-469000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
155000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-12000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-2000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-24000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-5000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
-25000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
5000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
4000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
5000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
125000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
7000000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-441000000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
165000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-1000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1000000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
5000000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
126000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-446000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
163000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1461000000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
654000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-865000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
978000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
70000000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
40000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
181000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
68000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1391000000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
614000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1046000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
910000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19685000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
1335000000 USD
CY2020Q2 us-gaap Dividends
Dividends
400000000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12000000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2000000 USD
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
126000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
126000000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20634000000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21779000000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
648000000 USD
CY2019Q2 us-gaap Dividends
Dividends
376000000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11000000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1000000 USD
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
212000000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
18000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6000000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21837000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22536000000 USD
us-gaap Profit Loss
ProfitLoss
-419000000 USD
us-gaap Dividends
Dividends
801000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
36000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-15000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
130000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
127000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-446000000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20634000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22731000000 USD
us-gaap Profit Loss
ProfitLoss
815000000 USD
us-gaap Dividends
Dividends
751000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
246000000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
950000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
18000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-74000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
163000000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21837000000 USD
us-gaap Profit Loss
ProfitLoss
-419000000 USD
us-gaap Profit Loss
ProfitLoss
815000000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1160000000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1117000000 USD
us-gaap Inventory Write Down
InventoryWriteDown
294000000 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
223000000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-12000000 USD
vlo Increase Decrease In Operating Capital Current
IncreaseDecreaseInOperatingCapitalCurrent
478000000 USD
vlo Increase Decrease In Operating Capital Current
IncreaseDecreaseInOperatingCapitalCurrent
-413000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
93000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-61000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
687000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2394000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
29000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
90000000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
0 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
29000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-12000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-9000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1339000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1555000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
147000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
248000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
801000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
751000000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
950000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
127000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
18000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-17000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-25000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
435000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1825000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-47000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-264000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-949000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2583000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2982000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2319000000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2033000000 USD
CY2020Q2 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
3161000000 USD
CY2019Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
4034000000 USD
CY2020Q2 vlo Renewable Diesel Feedstocksand Products
RenewableDieselFeedstocksandProducts
53000000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;text-indent:24px;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">Prior year amounts for capital expenditures, deferred turnaround and catalyst cost expenditures, and repayments of debt and finance lease obligations in the consolidated statements of cash flows have been reclassified to conform to the 2020 presentation to separately present these activities for us and our consolidated VIEs.</span></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;"><br/></span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-indent:24px;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;">The preparation of financial statements in conformity with U.S.</span><span style="font-family:inherit;font-size:11pt;font-style:italic;"> </span><span 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.</span></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><span style="font-family:inherit;font-size:11pt;"><br/></span></div>
CY2020Q1 vlo Number Of Ethanol Plants Temporarily Idled
NumberOfEthanolPlantsTemporarilyIdled
8 plant
CY2020Q1 vlo Number Of Ethanol Plants With Temporarily Reduced Production
NumberOfEthanolPlantsWithTemporarilyReducedProduction
6 plant
CY2020Q2 vlo Number Of Idled Ethanol Plants Restarted
NumberOfIdledEthanolPlantsRestarted
4 plant
vlo Asset Impairment Number Of Ethanol Plants Evaluated For Potential Impairment
AssetImpairmentNumberOfEthanolPlantsEvaluatedForPotentialImpairment
6 plant
CY2020Q2 us-gaap Goodwill
Goodwill
260000000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
294000000 USD
CY2019Q4 us-gaap Weighted Average Cost Inventory Amount
WeightedAverageCostInventoryAmount
1400000000 USD
CY2020Q2 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
2000000000 USD
CY2019Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
2399000000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
32000000 USD
CY2019Q4 vlo Renewable Diesel Feedstocksand Products
RenewableDieselFeedstocksandProducts
46000000 USD
CY2020Q2 vlo Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
224000000 USD
CY2019Q4 vlo Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
260000000 USD
CY2020Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
276000000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
274000000 USD
CY2020Q2 vlo Inventory Before Valuation Reserve
InventoryBeforeValuationReserve
5714000000 USD
CY2019Q4 vlo Inventory Before Valuation Reserve
InventoryBeforeValuationReserve
7013000000 USD
CY2020Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
294000000 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
0 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
5420000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
7013000000 USD
CY2020Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2500000000 USD
CY2020Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
294000000 USD
CY2020Q2 us-gaap Inventory Write Down
InventoryWriteDown
-2200000000 USD
us-gaap Inventory Write Down
InventoryWriteDown
294000000 USD
CY2019Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
2500000000 USD
CY2020Q2 us-gaap Weighted Average Cost Inventory Amount
WeightedAverageCostInventoryAmount
912000000 USD
CY2020Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
26000000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
107000000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
33000000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
23000000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
2000000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
219000000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
14000000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
113000000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
22000000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
24000000 USD
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
16000000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
171000000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
58000000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
48000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
216000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
69000000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
63000000 USD
us-gaap Sublease Income
SubleaseIncome
8000000 USD
us-gaap Lease Cost
LeaseCost
446000000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
24000000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
25000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
218000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
50000000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
47000000 USD
us-gaap Sublease Income
SubleaseIncome
18000000 USD
us-gaap Lease Cost
LeaseCost
346000000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2225000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
790000000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1273000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1329000000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1273000000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2225000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1329000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
790000000 USD
CY2020Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
71000000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
41000000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
325000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
331000000 USD
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2177000000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
750000000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
920000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
959000000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1245000000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2248000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1290000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
791000000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P22Y4M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y8M12D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P19Y8M12D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.043
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
207000000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
85000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
376000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
88000000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
287000000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
171000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
250000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
86000000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
214000000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
173000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
194000000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Concentration Risk Credit Risk
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