← VALERO ENERGY CORP/TX

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $2.3b $4.1b $3.1b $2.4b ($1.4b) $930.0m $11.5b $8.8b $2.8b $2.3b
Net Income (Loss) Available to Common Stockholders, Basic $2.4b $4.2b $3.1b $2.4b ($1.4b) $924.0m $11.5b $8.8b $2.8b $2.3b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $2.4b $4.2b $3.4b $2.8b ($1.1b) $1.3b $11.9b $9.1b $3.0b $2.2b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $2.3b — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $2.4b — — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $128.0m $91.0m $231.0m $362.0m $314.0m $358.0m $351.0m $314.0m $236.0m ($102.0m)
Depreciation and amortization — $52.0m $52.0m $53.0m $48.0m $47.0m $45.0m $43.0m $45.0m $63.0m
Depreciation $1.3b $1.3b $1.4b $1.5b $1.6b $1.7b $1.7b $1.9b $1.9b $2.3b
Depreciation and amortization expense $1.9b $2.0b $2.1b $2.3b $2.4b $2.4b $2.5b $2.7b $2.8b $3.2b
Depreciation, Amortization and Accretion, Net $1.9b $2.0b $2.1b $2.3b $2.4b $2.4b $2.5b $2.7b $2.8b $3.2b
Deferred Income Tax Expense (Benefit) $230.0m ($2.5b) $203.0m $234.0m $158.0m ($126.0m) $50.0m $103.0m ($87.0m) ($197.0m)
Share-based Payment Arrangement, Noncash Expense $68.0m $77.0m $86.0m $89.0m $80.0m $88.0m $103.0m $107.0m $100.0m $117.0m
Goodwill, Impairment Loss — — — — $0 — — — — —
Asset impairment loss $56.0m $0 $0 — $0 $0 $61.0m $0 $0 $1.1b
Gain (Loss) on Extinguishment of Debt — — — — — ($193.0m) $14.0m $11.0m $0 $0
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — $62.0m $0 $0 — —
Income Tax Expense (Benefit) $765.0m ($949.0m) $879.0m $702.0m ($903.0m) $255.0m $3.4b $2.6b $692.0m $759.0m
Other Nonoperating Income (Expense) $56.0m $76.0m $130.0m $104.0m $132.0m $16.0m $179.0m $502.0m $499.0m $380.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — — ($3.3b) — — — — —
Increase (Decrease) in Inventories ($771.0m) $516.0m $197.0m $385.0m ($1.0b) $253.0m $672.0m $684.0m $286.0m ($362.0m)
Increase (Decrease) in Accounts Payable $1.6b $1.8b $304.0m $1.5b ($4.1b) $6.3b $521.0m ($169.0m) ($430.0m) ($2.0b)
Accretion Expense, Including Asset Retirement Obligations $0 — — — — — — — — —
Asset Retirement Obligation, Accretion Expense — — — — — — — — — $15.0m
General and Administrative Expense $715.0m $835.0m $925.0m $868.0m $756.0m $865.0m $934.0m $998.0m $961.0m $1.0b
Goodwill — — $260.0m $260.0m $260.0m $260.0m $260.0m $260.0m $260.0m $260.0m
Inventory Write-down ($747.0m) $0 $0 — ($19.0m) $0 $0 — — —
Operating Costs and Expenses $4.2b — — — — — — — — —
Revenue from Contract with Customer, Including Assessed Tax — — $117.0b $108.3b $64.9b $114.0b $176.4b $144.8b $129.9b $122.7b
Gain on early retirement of debt, net — — — $22.0m $0 $193.0m ($14.0m) ($11.0m) $0 $0
Current assets and current liabilities (see Note 18) — — ($1.3b) $294.0m ($345.0m) $2.2b ($1.6b) ($2.3b) $795.0m ($192.0m)
Deferred charges and other assets — — — — — — — ($210.0m) ($579.0m) ($171.0m)
Long-term liabilities — — — — — — — ($127.0m) $296.0m ($136.0m)
Other operating activities, net — — — — — — — ($50.0m) $478.0m ($13.0m)
Deferred turnaround and catalyst cost expenditures ($718.0m) ($523.0m) ($915.0m) ($762.0m) ($648.0m) ($793.0m) ($1.1b) ($1.0b) ($1.1b) ($1.1b)
Purchases of available-for-sale (AFS) debt securities — — — — — $0 ($100.0m) ($276.0m) ($29.0m) ($27.0m)
Investments in nonconsolidated joint ventures ($4.0m) ($406.0m) ($181.0m) ($164.0m) ($54.0m) ($9.0m) ($1.0m) $0 $0 ($3.0m)
Premiums paid on early retirement of debt — — — ($21.0m) $0 ($179.0m) ($56.0m) ($5.0m) $0 $0
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax $0 — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $4.8b $5.5b $4.4b $5.5b $948.0m $5.9b $12.6b $9.2b $6.7b $5.8b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.3b $1.4b ($1.6b) ($367.0m) ($1.8b) ($1.7b) ($1.7b) ($911.0m) ($907.0m) ($796.0m)
Payments to Acquire Businesses, Net of Cash Acquired — — $468.0m $0 $0 — — — — —
Payments for (Proceeds from) Other Investing Activities $6.0m $2.0m ($8.0m) ($12.0m) ($65.0m) ($38.0m) $99.0m ($13.0m) ($24.0m) ($40.0m)
Other investing activities, net ($6.0m) ($2.0m) $8.0m $12.0m $65.0m $38.0m ($99.0m) $13.0m $24.0m $40.0m
Net Cash Provided by (Used in) Investing Activities ($2.0b) ($2.4b) ($3.9b) ($3.0b) ($2.4b) ($2.2b) ($2.8b) ($1.9b) ($2.0b) ($1.8b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $2.2b $380.0m — — — — — — — —
Proceeds from sales and maturities of AFS debt securities — — — — — $0 $5.0m $314.0m $81.0m $30.0m
Proceeds from debt issuance and borrowings — — — — $4.3b $1.7b $3.0b $2.3b $7.1b $7.6b
Proceeds from debt borrowings of other VIEs $2.2b $380.0m $1.3b $1.9b $4.6b $1.8b $105.0m $120.0m $27.0m $0
Repayments of debt and finance lease obligations ($1.5b) ($21.0m) ($1.4b) ($1.8b) ($495.0m) ($3.0b) ($6.0b) ($2.7b) ($7.8b) ($7.7b)
Payments for Repurchase of Common Stock $1.3b $1.4b $1.7b $777.0m $156.0m $27.0m $4.6b $5.1b $2.9b $2.6b
Payments of Ordinary Dividends, Common Stock $1k $1k $1k $1k $2k $2k $2k $1k $1k $1k
Purchases of common stock for treasury ($1.3b) ($1.4b) ($1.7b) ($777.0m) ($156.0m) ($27.0m) ($4.6b) ($5.1b) ($2.9b) ($2.6b)
Payment of excise tax on purchases of common stock for treasury — — — — — — $0 $0 ($49.0m) ($28.0m)
Common stock dividend payments ($1.1b) ($1.2b) ($1.4b) ($1.5b) ($1.6b) ($1.6b) ($1.6b) ($1.5b) ($1.4b) ($1.4b)
Proceeds from Noncontrolling Interests $0 $30.0m $32.0m $0 $0 $189.0m $265.0m $75.0m $90.0m $328.0m
Contributions from noncontrolling interests $0 $30.0m $32.0m $0 $0 $189.0m $265.0m $75.0m $90.0m $328.0m
Distributions to noncontrolling interests ($30.0m) ($67.0m) ($116.0m) ($70.0m) ($208.0m) ($2.0m) ($93.0m) ($164.0m) ($182.0m) ($369.0m)
Proceeds from (Payments for) Other Financing Activities ($184.0m) ($26.0m) ($15.0m) ($28.0m) ($34.0m) ($18.0m) ($16.0m) $3.0m ($1.0m) ($16.0m)
Other financing activities, net ($184.0m) ($26.0m) ($15.0m) ($28.0m) ($34.0m) ($18.0m) ($16.0m) $3.0m ($1.0m) ($16.0m)
Net Cash Provided by (Used in) Financing Activities ($2.0b) ($2.3b) ($3.2b) ($3.0b) $2.1b ($2.8b) ($8.8b) ($6.9b) ($5.0b) ($4.2b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $68.0m $130.0m ($45.0m) ($180.0m) $139.0m ($248.0m) $237.0m
Effect of foreign exchange rate changes on cash ($100.0m) $206.0m ($143.0m) $68.0m $130.0m ($45.0m) ($180.0m) $139.0m ($248.0m) $237.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($399.0m) $730.0m $809.0m $740.0m $562.0m ($595.0m) $36.0m
Net increase (decrease) in cash, cash equivalents, and restricted cash — $1.0b ($2.9b) ($399.0m) $730.0m $809.0m $740.0m $562.0m ($595.0m) $36.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $2.6b $3.3b $4.1b $4.9b $5.4b $4.8b $4.9b
Cash, cash equivalents, and restricted cash at beginning of year — $5.8b $3.0b $2.6b $3.3b $4.1b $4.9b $5.4b $4.8b $4.9b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $427.0m $457.0m $463.0m $452.0m $526.0m $598.0m $570.0m $562.0m $556.0m $533.0m
Income Taxes Paid, Net $444.0m $410.0m $1.4b ($116.0m) $203.0m ($842.0m) $3.3b $3.5b $843.0m $699.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.