Stock Analysis on Net
Stock Analysis on Net

Valero Energy Corp. (NYSE:VLO)

Common-Size Balance Sheet: Assets 

Valero Energy Corp., common-size consolidated balance sheet: assets

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 8.60 7.97 7.12 6.40 4.80
Receivables after allowance for credit losses 17.51 17.65 17.22 9.28 14.96
Income taxes receivable 0.65 0.23 0.04 1.98 0.16
Other receivables 1.71 1.67 0.67 0.54 1.57
Receivables, net 19.86% 19.55% 17.93% 11.80% 16.69%
Inventories 12.03 11.07 10.82 11.66 13.02
Prepaid expenses and other 1.09 0.98 0.69 0.74 0.71
Current assets 41.58% 39.57% 36.56% 30.60% 35.22%
Property, plant, and equipment, net 47.91 50.80 53.29 58.70 54.33
Deferred turnaround and catalyst costs, net 3.78 3.51 3.20 3.29 3.30
Operating lease ROU assets, net 1.80 1.83 2.22 2.33 2.47
Investments in nonconsolidated joint ventures 1.13 1.19 1.27 1.88 1.75
Purchased compliance credits 0.97 0.89 0.38 0.00 0.00
Goodwill 0.41 0.43 0.45 0.50 0.48
Intangible assets, net 0.29 0.33 0.38 0.48 0.53
Income taxes receivable 0.09 0.04 1.01 1.14 0.97
Other 2.04 1.42 1.24 1.09 0.95
Deferred charges and other assets, net 10.51% 9.63% 10.15% 10.70% 10.45%
Noncurrent assets 58.42% 60.43% 63.44% 69.40% 64.78%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Valero Energy Corp. current assets as a percentage of total assets increased from 2021 to 2022 and from 2022 to 2023.
Property, plant, and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Valero Energy Corp. property, plant, and equipment, net as a percentage of total assets decreased from 2021 to 2022 and from 2022 to 2023.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Valero Energy Corp. noncurrent assets as a percentage of total assets decreased from 2021 to 2022 and from 2022 to 2023.