Valero Energy Corp
NYSE:VLO
Cash Flow Statement
Cash Flow Statement
Valero Energy Corp
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
2 912
|
3 040
|
3 778
|
3 711
|
3 843
|
4 615
|
4 926
|
4 101
|
3 646
|
3 124
|
2 396
|
2 417
|
2 225
|
1 954
|
2 172
|
4 156
|
4 417
|
4 720
|
4 731
|
3 353
|
2 938
|
2 711
|
2 476
|
2 784
|
863
|
1 550
|
532
|
(1 107)
|
25
|
(1 018)
|
(131)
|
1 288
|
2 877
|
7 353
|
9 757
|
11 879
|
14 058
|
11 412
|
11 163
|
9 149
|
7 333
|
|
Depreciation & Amortization |
1 711
|
1 720
|
1 702
|
1 690
|
1 710
|
1 721
|
1 773
|
1 842
|
1 886
|
1 932
|
1 920
|
1 894
|
1 909
|
1 937
|
1 964
|
1 986
|
1 984
|
2 008
|
2 028
|
2 069
|
2 122
|
2 165
|
2 215
|
2 255
|
2 286
|
2 298
|
2 345
|
2 351
|
2 347
|
2 357
|
2 384
|
2 405
|
2 433
|
2 447
|
2 438
|
2 473
|
2 527
|
2 594
|
2 644
|
2 701
|
2 736
|
|
Change in Deffered Taxes |
416
|
233
|
204
|
445
|
296
|
290
|
331
|
165
|
347
|
442
|
281
|
230
|
105
|
59
|
117
|
(2 543)
|
(2 537)
|
(2 591)
|
(2 685)
|
203
|
179
|
215
|
284
|
234
|
94
|
469
|
392
|
158
|
81
|
(201)
|
(169)
|
(126)
|
(121)
|
(323)
|
(137)
|
50
|
338
|
542
|
243
|
103
|
(20)
|
|
Stock-Based Compensation |
0
|
0
|
0
|
60
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Non-Cash Items |
0
|
(224)
|
(222)
|
123
|
0
|
60
|
60
|
790
|
497
|
99
|
99
|
(691)
|
(398)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2 542
|
294
|
(19)
|
(19)
|
(2 561)
|
(375)
|
(62)
|
131
|
181
|
243
|
217
|
47
|
(14)
|
(14)
|
12
|
(11)
|
0
|
|
Cash Taxes Paid |
798
|
1 198
|
1 249
|
1 624
|
1 463
|
1 649
|
1 947
|
2 093
|
1 890
|
1 151
|
866
|
444
|
445
|
570
|
496
|
410
|
866
|
964
|
1 169
|
1 361
|
868
|
213
|
429
|
(116)
|
(54)
|
291
|
(94)
|
203
|
118
|
(755)
|
(879)
|
842
|
1 010
|
2 640
|
4 348
|
3 288
|
3 700
|
4 782
|
3 756
|
3 494
|
2 981
|
|
Cash Interest Paid |
379
|
398
|
395
|
392
|
396
|
397
|
422
|
416
|
433
|
427
|
427
|
427
|
460
|
449
|
471
|
457
|
456
|
470
|
445
|
463
|
432
|
442
|
422
|
452
|
444
|
475
|
487
|
526
|
541
|
566
|
585
|
598
|
588
|
599
|
584
|
570
|
559
|
552
|
559
|
562
|
580
|
|
Change in Working Capital |
(506)
|
(641)
|
311
|
(1 728)
|
(542)
|
(61)
|
(969)
|
(1 287)
|
(1 558)
|
(789)
|
(387)
|
970
|
1 327
|
696
|
567
|
1 883
|
768
|
757
|
279
|
(1 254)
|
(129)
|
(523)
|
526
|
258
|
(1 180)
|
(787)
|
(690)
|
(435)
|
1 053
|
1 454
|
1 479
|
2 161
|
1 129
|
616
|
(1 343)
|
(1 875)
|
(1 753)
|
(3 711)
|
(1 976)
|
(2 713)
|
(2 144)
|
|
Cash from Operating Activities |
4 259
N/A
|
4 128
-3%
|
5 773
+40%
|
4 241
-27%
|
5 430
+28%
|
6 625
+22%
|
6 121
-8%
|
5 611
-8%
|
4 818
-14%
|
4 808
0%
|
4 309
-10%
|
4 820
+12%
|
5 168
+7%
|
4 646
-10%
|
4 820
+4%
|
5 482
+14%
|
4 632
-16%
|
4 894
+6%
|
4 353
-11%
|
4 371
+0%
|
5 110
+17%
|
4 568
-11%
|
5 501
+20%
|
5 531
+1%
|
4 605
-17%
|
3 824
-17%
|
2 560
-33%
|
948
-63%
|
945
0%
|
2 217
+135%
|
3 501
+58%
|
5 859
+67%
|
6 499
+11%
|
10 336
+59%
|
10 932
+6%
|
12 574
+15%
|
15 156
+21%
|
10 823
-29%
|
12 086
+12%
|
9 229
-24%
|
7 905
-14%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(1 932)
|
(1 864)
|
(1 884)
|
(2 153)
|
(2 223)
|
(2 027)
|
(1 886)
|
(1 618)
|
(1 476)
|
(1 400)
|
(1 344)
|
(1 278)
|
(1 241)
|
(1 240)
|
(1 279)
|
(1 379)
|
(1 484)
|
(1 625)
|
(1 723)
|
(1 752)
|
(1 831)
|
(1 908)
|
(1 904)
|
(1 994)
|
(1 892)
|
(1 895)
|
(1 867)
|
(1 788)
|
(1 766)
|
(1 607)
|
(1 663)
|
(1 665)
|
(1 710)
|
(1 772)
|
(1 772)
|
(1 681)
|
(1 562)
|
(1 315)
|
(1 072)
|
(911)
|
(846)
|
|
Other Items |
(578)
|
(631)
|
(641)
|
(691)
|
(776)
|
(665)
|
(651)
|
(869)
|
(779)
|
(804)
|
(848)
|
(728)
|
(998)
|
(1 009)
|
(1 083)
|
(1 003)
|
(936)
|
(1 715)
|
(1 687)
|
(2 176)
|
(2 092)
|
(1 443)
|
(1 446)
|
(1 007)
|
(1 119)
|
(890)
|
(796)
|
(637)
|
(482)
|
(315)
|
(322)
|
(494)
|
(710)
|
(1 011)
|
(1 045)
|
(1 124)
|
(951)
|
(1 108)
|
(1 045)
|
(954)
|
(1 107)
|
|
Cash from Investing Activities |
(2 510)
N/A
|
(2 495)
+1%
|
(2 525)
-1%
|
(2 844)
-13%
|
(2 999)
-5%
|
(2 692)
+10%
|
(2 537)
+6%
|
(2 487)
+2%
|
(2 255)
+9%
|
(2 204)
+2%
|
(2 192)
+1%
|
(2 006)
+8%
|
(2 239)
-12%
|
(2 249)
0%
|
(2 362)
-5%
|
(2 382)
-1%
|
(2 420)
-2%
|
(3 340)
-38%
|
(3 410)
-2%
|
(3 928)
-15%
|
(3 923)
+0%
|
(3 351)
+15%
|
(3 350)
+0%
|
(3 001)
+10%
|
(3 011)
0%
|
(2 785)
+8%
|
(2 663)
+4%
|
(2 425)
+9%
|
(2 248)
+7%
|
(1 922)
+15%
|
(1 985)
-3%
|
(2 159)
-9%
|
(2 420)
-12%
|
(2 783)
-15%
|
(2 817)
-1%
|
(2 805)
+0%
|
(2 513)
+10%
|
(2 423)
+4%
|
(2 117)
+13%
|
(1 865)
+12%
|
(1 953)
-5%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(436)
|
(406)
|
(719)
|
(1 249)
|
(1 357)
|
(1 798)
|
(2 529)
|
(2 615)
|
(2 567)
|
(2 305)
|
(1 740)
|
(1 330)
|
(1 347)
|
(1 292)
|
(1 078)
|
(1 326)
|
(1 367)
|
(1 349)
|
(1 492)
|
(1 708)
|
(1 424)
|
(1 309)
|
(1 182)
|
(777)
|
(888)
|
(676)
|
(369)
|
(156)
|
(23)
|
(24)
|
(24)
|
(27)
|
(157)
|
(1 904)
|
(2 781)
|
(4 577)
|
(5 884)
|
(5 078)
|
(5 988)
|
(5 136)
|
(4 708)
|
|
Net Issuance of Debt |
167
|
267
|
267
|
(172)
|
872
|
997
|
972
|
933
|
(114)
|
137
|
1 614
|
678
|
676
|
494
|
(962)
|
359
|
447
|
339
|
351
|
8
|
933
|
212
|
271
|
320
|
(334)
|
1 674
|
4 137
|
4 075
|
3 697
|
2 498
|
(629)
|
(1 206)
|
(2 020)
|
(2 338)
|
(3 014)
|
(2 043)
|
(1 447)
|
(1 215)
|
139
|
(267)
|
(380)
|
|
Cash Paid for Dividends |
(484)
|
(508)
|
(531)
|
(554)
|
(627)
|
(697)
|
(751)
|
(848)
|
(924)
|
(1 003)
|
(1 080)
|
(1 111)
|
(1 144)
|
(1 174)
|
(1 207)
|
(1 242)
|
(1 272)
|
(1 305)
|
(1 337)
|
(1 369)
|
(1 399)
|
(1 430)
|
(1 461)
|
(1 492)
|
(1 518)
|
(1 542)
|
(1 569)
|
(1 600)
|
(1 599)
|
(1 600)
|
(1 601)
|
(1 602)
|
(1 603)
|
(1 601)
|
(1 587)
|
(1 562)
|
(1 540)
|
(1 508)
|
(1 482)
|
(1 452)
|
(1 429)
|
|
Other |
800
|
70
|
62
|
45
|
20
|
(37)
|
(33)
|
(15)
|
(10)
|
(179)
|
(191)
|
(249)
|
(305)
|
(131)
|
(129)
|
(63)
|
(1)
|
(31)
|
(32)
|
(99)
|
(1 083)
|
(1 064)
|
(1 089)
|
(1 048)
|
(74)
|
(193)
|
(252)
|
(242)
|
(242)
|
(98)
|
122
|
(11)
|
145
|
221
|
6
|
(667)
|
(748)
|
(926)
|
(894)
|
(86)
|
(70)
|
|
Cash from Financing Activities |
47
N/A
|
(577)
N/A
|
(921)
-60%
|
(1 930)
-110%
|
(1 092)
+43%
|
(1 535)
-41%
|
(2 341)
-53%
|
(2 545)
-9%
|
(3 615)
-42%
|
(3 350)
+7%
|
(1 397)
+58%
|
(2 012)
-44%
|
(2 120)
-5%
|
(2 103)
+1%
|
(3 376)
-61%
|
(2 272)
+33%
|
(2 193)
+3%
|
(2 346)
-7%
|
(2 510)
-7%
|
(3 168)
-26%
|
(2 973)
+6%
|
(3 591)
-21%
|
(3 461)
+4%
|
(2 997)
+13%
|
(2 814)
+6%
|
(737)
+74%
|
1 947
N/A
|
2 077
+7%
|
1 833
-12%
|
776
-58%
|
(2 132)
N/A
|
(2 846)
-33%
|
(3 635)
-28%
|
(5 622)
-55%
|
(7 376)
-31%
|
(8 849)
-20%
|
(9 619)
-9%
|
(8 727)
+9%
|
(8 225)
+6%
|
(6 941)
+16%
|
(6 587)
+5%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
(6)
|
26
|
(44)
|
(70)
|
(116)
|
(114)
|
(133)
|
(154)
|
(40)
|
(93)
|
(72)
|
(100)
|
(124)
|
(12)
|
145
|
206
|
176
|
36
|
(58)
|
(143)
|
(95)
|
(44)
|
(104)
|
68
|
(42)
|
(16)
|
66
|
130
|
209
|
182
|
67
|
(45)
|
(60)
|
(111)
|
(268)
|
(180)
|
(141)
|
10
|
118
|
139
|
31
|
|
Net Change in Cash |
1 790
N/A
|
1 082
-40%
|
2 283
+111%
|
(603)
N/A
|
1 223
N/A
|
2 284
+87%
|
1 110
-51%
|
425
-62%
|
(1 092)
N/A
|
(839)
+23%
|
648
N/A
|
702
+8%
|
685
-2%
|
282
-59%
|
(773)
N/A
|
1 034
N/A
|
195
-81%
|
(756)
N/A
|
(1 625)
-115%
|
(2 868)
-76%
|
(1 881)
+34%
|
(2 418)
-29%
|
(1 414)
+42%
|
(399)
+72%
|
(1 262)
-216%
|
286
N/A
|
1 910
+568%
|
730
-62%
|
739
+1%
|
1 253
+70%
|
(549)
N/A
|
809
N/A
|
384
-53%
|
1 820
+374%
|
471
-74%
|
740
+57%
|
2 883
+290%
|
(317)
N/A
|
1 862
N/A
|
562
-70%
|
(604)
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
2 327
N/A
|
2 264
-3%
|
3 889
+72%
|
2 088
-46%
|
3 207
+54%
|
4 598
+43%
|
4 235
-8%
|
3 993
-6%
|
3 342
-16%
|
3 408
+2%
|
2 965
-13%
|
3 542
+19%
|
3 927
+11%
|
3 406
-13%
|
3 541
+4%
|
4 103
+16%
|
3 148
-23%
|
3 269
+4%
|
2 630
-20%
|
2 619
0%
|
3 279
+25%
|
2 660
-19%
|
3 597
+35%
|
3 537
-2%
|
2 713
-23%
|
1 929
-29%
|
693
-64%
|
(840)
N/A
|
(821)
+2%
|
610
N/A
|
1 838
+201%
|
4 194
+128%
|
4 789
+14%
|
8 564
+79%
|
9 160
+7%
|
10 893
+19%
|
13 594
+25%
|
9 508
-30%
|
11 014
+16%
|
8 318
-24%
|
7 059
-15%
|