$VLO
VALERO ENERGY CORP/TX

2020 Q4 Form 10-Q Financial Statement

#000103500220000053 Filed on October 28, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $16.60B $15.81B $27.25B
YoY Change -40.44% -41.98% -11.67%
Cost Of Revenue $16.83B $16.21B $26.13B
YoY Change -35.11% -37.98% -11.12%
Gross Profit -$230.0M -$398.0M $1.119B
YoY Change -111.48% -135.57% -22.88%
Gross Profit Margin -1.39% -2.52% 4.11%
Selling, General & Admin $224.0M $186.0M $217.0M
YoY Change -7.82% -14.29% 3.83%
% of Gross Profit 19.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $577.0M $614.0M $567.0M
YoY Change 1.05% 8.29% 9.67%
% of Gross Profit 50.67%
Operating Expenses $240.0M $223.0M $238.0M
YoY Change -9.09% -6.3% 2.59%
Operating Profit -$470.0M -$621.0M $881.0M
YoY Change -127.03% -170.49% -27.73%
Interest Expense -$153.0M $143.0M $111.0M
YoY Change 992.86% 28.83% 0.0%
% of Operating Profit 12.6%
Other Income/Expense, Net $25.00M $48.00M $34.00M
YoY Change -933.33% 41.18% -19.05%
Pretax Income -$598.0M -$716.0M $804.0M
YoY Change -136.11% -189.05% -30.09%
Income Tax -$289.0M -$337.0M $165.0M
% Of Pretax Income 20.52%
Net Earnings -$359.0M -$464.0M $609.0M
YoY Change -133.87% -176.19% -28.86%
Net Earnings / Revenue -2.16% -2.94% 2.23%
Basic Earnings Per Share -$0.88 -$1.14 $1.48
Diluted Earnings Per Share -$0.88 -$1.14 $1.48
COMMON SHARES
Basic Shares Outstanding 407.8M shares 407.0M shares 412.0M shares
Diluted Shares Outstanding 407.0M shares 413.0M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.313B $4.047B $2.137B
YoY Change 28.26% 89.38% -39.82%
Cash & Equivalents $3.313B $4.047B $2.137B
Short-Term Investments
Other Short-Term Assets $384.0M $824.0M $1.162B
YoY Change -65.5% -29.09% -56.54%
Inventory $6.038B $5.357B $6.376B
Prepaid Expenses
Receivables $4.807B $5.194B $7.358B
Other Receivables $278.0M $0.00 $0.00
Total Short-Term Assets $15.84B $15.42B $17.03B
YoY Change -16.47% -9.46% -14.37%
LONG-TERM ASSETS
Property, Plant & Equipment $31.59B $31.96B $28.89B
YoY Change 7.96% 10.64% 1.63%
Goodwill $260.0M $260.0M
YoY Change 0.0%
Intangibles $248.0M
YoY Change -12.37%
Long-Term Investments $972.0M
YoY Change 3.18%
Other Assets $5.541B $5.581B $5.306B
YoY Change -1.6% 5.18% 48.42%
Total Long-Term Assets $35.93B $36.31B $34.20B
YoY Change 2.97% 6.18% 6.85%
TOTAL ASSETS
Total Short-Term Assets $15.84B $15.42B $17.03B
Total Long-Term Assets $35.93B $36.31B $34.20B
Total Assets $51.77B $51.73B $51.23B
YoY Change -3.88% 0.98% -1.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.082B $5.237B $9.504B
YoY Change -40.4% -44.9% -7.04%
Accrued Expenses $994.0M $926.0M $881.0M
YoY Change 4.74% 5.11% 59.31%
Deferred Revenue $55.00M
YoY Change 0.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $723.0M $636.0M $402.0M
YoY Change 46.36% 58.21% 102.01%
Total Short-Term Liabilities $9.283B $8.122B $12.13B
YoY Change -29.46% -33.04% -2.82%
LONG-TERM LIABILITIES
Long-Term Debt $13.95B $14.58B $9.170B
YoY Change 52.04% 58.96% 3.3%
Other Long-Term Liabilities $3.620B $3.720B $3.421B
YoY Change -6.87% 8.74% 20.04%
Total Long-Term Liabilities $3.620B $3.720B $3.421B
YoY Change -6.87% 8.74% 20.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.283B $8.122B $12.13B
Total Long-Term Liabilities $3.620B $3.720B $3.421B
Total Liabilities $12.90B $11.84B $15.55B
YoY Change -24.31% -23.85% 1.43%
SHAREHOLDERS EQUITY
Retained Earnings $28.95B $29.71B $31.28B
YoY Change -9.45% -5.02% 2.8%
Common Stock $6.821B $6.841B $6.825B
YoY Change -0.1% 0.23% -3.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.72B $15.76B $15.47B
YoY Change 0.45% 1.85% 7.94%
Treasury Stock Shares 265.1M shares 265.7M shares 262.7M shares
Shareholders Equity $18.80B $19.22B $21.11B
YoY Change
Total Liabilities & Shareholders Equity $51.77B $51.73B $51.23B
YoY Change -3.88% 0.98% -1.28%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$359.0M -$464.0M $609.0M
YoY Change -133.87% -176.19% -28.86%
Depreciation, Depletion And Amortization $577.0M $614.0M $567.0M
YoY Change 1.05% 8.29% 9.67%
Cash From Operating Activities $96.00M $165.0M $1.429B
YoY Change -94.38% -88.45% 188.1%
INVESTING ACTIVITIES
Capital Expenditures -$506.0M -$407.0M -$435.0M
YoY Change -13.5% -6.44% -0.91%
Acquisitions
YoY Change
Other Investing Activities -$67.00M -$106.0M -$200.0M
YoY Change -70.35% -47.0% 1.52%
Cash From Investing Activities -$573.0M -$513.0M -$635.0M
YoY Change -29.35% -19.21% -0.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -393.0M 2.035B -649.0M
YoY Change -24.86% -413.56% -16.69%
NET CHANGE
Cash From Operating Activities 96.00M 165.0M 1.429B
Cash From Investing Activities -573.0M -513.0M -635.0M
Cash From Financing Activities -393.0M 2.035B -649.0M
Net Change In Cash -870.0M 1.687B 145.0M
YoY Change -332.62% 1063.45% -115.78%
FREE CASH FLOW
Cash From Operating Activities $96.00M $165.0M $1.429B
Capital Expenditures -$506.0M -$407.0M -$435.0M
Free Cash Flow $602.0M $572.0M $1.864B
YoY Change -73.75% -69.31% 99.36%

Facts In Submission

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-2.62
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.28
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
407000000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
412000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
407000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
415000000 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.14
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.48
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.28
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
407000000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
413000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
407000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
416000000 shares
CY2020Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
1339000000 USD
CY2019Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
1399000000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
3491000000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
4139000000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-379000000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
639000000 USD
us-gaap Profit Loss
ProfitLoss
-798000000 USD
us-gaap Profit Loss
ProfitLoss
1454000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
217000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-180000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-252000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-25000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-12000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-3000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-36000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-8000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
5000000 USD
CY2019Q3 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
9000000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
1000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
234000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-181000000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-207000000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-16000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
4000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
9000000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
230000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-181000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-216000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18000000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-149000000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
458000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-1014000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1436000000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
87000000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
28000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
268000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
96000000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-236000000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
430000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1282000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1340000000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20634000000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-379000000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.98
CY2020Q3 us-gaap Dividends
Dividends
399000000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12000000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1000000 USD
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
81000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
230000000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20016000000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21837000000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
639000000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.90
CY2019Q3 us-gaap Dividends
Dividends
372000000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9000000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1000000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
306000000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
39000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-181000000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21588000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22536000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22731000000 USD
us-gaap Profit Loss
ProfitLoss
-798000000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.94
us-gaap Dividends
Dividends
1200000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
48000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-16000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
130000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
208000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-216000000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20016000000 USD
us-gaap Profit Loss
ProfitLoss
1454000000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.70
us-gaap Dividends
Dividends
1123000000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
30000000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
552000000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
950000000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
57000000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-74000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18000000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21588000000 USD
us-gaap Profit Loss
ProfitLoss
-798000000 USD
us-gaap Profit Loss
ProfitLoss
1454000000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1774000000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1684000000 USD
us-gaap Inventory Write Down
InventoryWriteDown
-19000000 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
177000000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
19000000 USD
vlo Increase Decrease In Operating Capital Current
IncreaseDecreaseInOperatingCapitalCurrent
232000000 USD
vlo Increase Decrease In Operating Capital Current
IncreaseDecreaseInOperatingCapitalCurrent
-728000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
50000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
62000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
852000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3823000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
39000000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
122000000 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
65000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-16000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-5000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1852000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2190000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
147000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
555000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1200000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1123000000 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
208000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
7013000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
57000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-32000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-23000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2470000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2474000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-4000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1464000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-845000000 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
vlo Asset Impairment Number Of Ethanol Plants With Reduced Estimated Useful Life
AssetImpairmentNumberOfEthanolPlantsWithReducedEstimatedUsefulLife
1 plant
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4047000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2137000000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the 2020 presentation. The changes were due to (i) the reclassification of amounts for income taxes receivable from prepaid expenses and other to “receivables, net” in the consolidated balance sheets and (ii) the reclassification of amounts for repayments of debt and finance lease obligations from “other financing activities, net” in the consolidated statements of cash flows.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:11pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual </span></div>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.
CY2020Q1 vlo Number Of Ethanol Plants Temporarily Idled
NumberOfEthanolPlantsTemporarilyIdled
8 plant
CY2020Q1 vlo Number Of Ethanol Plants With Temporarily Reduced Production
NumberOfEthanolPlantsWithTemporarilyReducedProduction
6 plant
vlo Number Of Idled Ethanol Plants Restarted
NumberOfIdledEthanolPlantsRestarted
5 plant
vlo Asset Impairment Number Of Ethanol Plants Evaluated For Potential Impairment
AssetImpairmentNumberOfEthanolPlantsEvaluatedForPotentialImpairment
5 plant
CY2020Q3 us-gaap Goodwill
Goodwill
260000000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
274000000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
5357000000 USD
CY2020Q3 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
1625000000 USD
CY2019Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
2399000000 USD
CY2020Q3 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
3180000000 USD
CY2019Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
4034000000 USD
CY2020Q3 vlo Renewable Diesel Feedstocksand Products
RenewableDieselFeedstocksandProducts
29000000 USD
CY2019Q4 vlo Renewable Diesel Feedstocksand Products
RenewableDieselFeedstocksandProducts
46000000 USD
CY2020Q3 vlo Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
240000000 USD
CY2019Q4 vlo Ethanol Feedstocks And Products
EthanolFeedstocksAndProducts
260000000 USD
CY2020Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
283000000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
38000000 USD
CY2020Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2500000000 USD
CY2020Q3 us-gaap Inventory Write Down
InventoryWriteDown
-313000000 USD
us-gaap Inventory Write Down
InventoryWriteDown
-19000000 USD
CY2019Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
2500000000 USD
CY2020Q3 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
-326000000 USD
us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
-326000000 USD
CY2020Q3 us-gaap Weighted Average Cost Inventory Amount
WeightedAverageCostInventoryAmount
911000000 USD
CY2019Q4 us-gaap Weighted Average Cost Inventory Amount
WeightedAverageCostInventoryAmount
1400000000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
34000000 USD
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
26000000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
108000000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
18000000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
19000000 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
3000000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
202000000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
14000000 USD
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
13000000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
114000000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
26000000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
22000000 USD
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
9000000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
180000000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
92000000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
74000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
324000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
87000000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
82000000 USD
us-gaap Sublease Income
SubleaseIncome
11000000 USD
us-gaap Lease Cost
LeaseCost
648000000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
38000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
332000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
76000000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
69000000 USD
us-gaap Sublease Income
SubleaseIncome
27000000 USD
us-gaap Lease Cost
LeaseCost
526000000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2208000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
790000000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1234000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1329000000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1234000000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2208000000 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
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
80000000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
41000000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
301000000 USD
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P22Y1M6D
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
331000000 USD
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2166000000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
750000000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
904000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
959000000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1205000000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
2246000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1290000000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
791000000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y8M12D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P19Y8M12D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047
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CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Concentration Risk Credit Risk
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We do not require any collateral or other security to support derivative instruments into which we enter.

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