Stock Analysis on Net
Stock Analysis on Net

Valero Energy Corp. (NYSE:VLO)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 30, 2024.

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Valero Energy Corp., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenues, includes excise taxes on sales by certain of foreign operations
Cost of materials and other
Lower of cost or market (LCM) inventory valuation adjustment
Operating expenses, excluding depreciation and amortization expense
Depreciation and amortization expense
Cost of sales
Gross profit (loss)
Asset impairment loss
Other operating expenses
General and administrative expenses, excluding depreciation and amortization expense
Depreciation and amortization expense
Operating income (loss)
Other income, net
Interest and debt expense, net of capitalized interest
Income (loss) before income tax (expense) benefit
Income tax (expense) benefit
Net income (loss)
Net income attributable to noncontrolling interests
Net income (loss) attributable to Valero Energy Corporation stockholders

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).

Income statement item Description The company
Revenues, includes excise taxes on sales by certain of foreign operations Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Valero Energy Corp. revenues, includes excise taxes on sales by certain of foreign operations increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Valero Energy Corp. operating income (loss) increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Income (loss) before income tax (expense) benefit Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Valero Energy Corp. income (loss) before income tax (expense) benefit increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net income (loss) attributable to Valero Energy Corporation stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Valero Energy Corp. net income (loss) attributable to Valero Energy Corporation stockholders increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.