Stock Analysis on Net

Valero Energy Corp. (NYSE:VLO)

Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Valero Energy Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current portion of debt and finance lease obligations 1,016 995 853 1,406 1,334 1,193 1,258 1,109 1,006 1,022 1,295 1,264 1,162 1,044 734 723 636 587 886 494 402 323 1,110
Accounts payable 11,516 14,565 12,458 12,567 13,342 10,825 10,498 12,728 13,003 16,643 15,236 12,495 9,820 10,168 9,113 6,082 5,237 4,652 5,906 10,205 9,504 10,135 10,005
Accrued expenses 1,190 1,065 1,097 1,240 1,219 1,117 1,168 1,215 1,265 1,112 1,140 1,253 1,539 1,286 1,087 994 926 861 866 949 881 764 772
Taxes other than income taxes payable 1,400 1,490 1,353 1,452 1,419 1,491 1,574 1,568 1,311 1,599 1,482 1,461 1,548 1,537 1,233 1,372 1,266 1,083 1,019 1,304 1,175 1,144 961
Income taxes payable 176 203 388 137 278 322 867 841 652 1,593 632 378 244 179 140 112 57 117 55 208 168 182 65
Current liabilities 15,298 18,318 16,149 16,802 17,592 14,948 15,365 17,461 17,237 21,969 19,785 16,851 14,313 14,214 12,307 9,283 8,122 7,300 8,732 13,160 12,130 12,548 12,913
Debt and finance lease obligations, less current portion 9,790 9,746 10,044 10,118 10,107 10,130 10,173 10,526 10,570 11,858 11,866 12,606 13,071 13,636 13,930 13,954 14,577 12,090 10,574 9,178 9,170 9,167 9,006
Deferred income tax liabilities 5,263 5,224 5,260 5,349 5,231 5,382 5,280 5,217 4,938 4,792 4,971 5,210 5,110 5,142 5,034 5,275 5,297 5,305 4,909 5,103 4,920 4,899 4,867
Other long-term liabilities 2,031 2,077 2,297 2,263 2,188 2,213 2,292 2,310 2,869 2,993 3,370 3,404 3,608 3,760 3,616 3,620 3,720 3,770 3,847 3,887 3,421 3,571 3,530
Long-term liabilities 17,084 17,047 17,601 17,730 17,526 17,725 17,745 18,053 18,377 19,643 20,207 21,220 21,789 22,538 22,580 22,849 23,594 21,165 19,330 18,168 17,511 17,637 17,403
Total liabilities 32,382 35,365 33,750 34,532 35,118 32,673 33,110 35,514 35,614 41,612 39,992 38,071 36,102 36,752 34,887 32,132 31,716 28,465 28,062 31,328 29,641 30,185 30,316
Common stock, $0.01 par value 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7
Additional paid-in capital 6,940 6,929 6,916 6,901 6,900 6,889 6,877 6,863 6,858 6,845 6,832 6,827 6,830 6,819 6,810 6,814 6,834 6,824 6,814 6,821 6,818 6,812 6,802
Treasury stock, at cost (27,938) (27,373) (26,330) (25,322) (24,381) (22,586) (21,637) (20,197) (18,466) (17,537) (15,794) (15,677) (15,696) (15,696) (15,700) (15,719) (15,759) (15,760) (15,764) (15,648) (15,472) (15,170) (14,958)
Retained earnings 47,074 47,052 46,519 45,630 44,774 42,512 40,935 38,247 35,510 33,079 28,785 28,281 27,673 27,610 27,849 28,953 29,712 30,575 29,722 31,974 31,283 31,046 30,810
Accumulated other comprehensive loss (830) (1,172) (1,055) (870) (1,325) (971) (1,205) (1,359) (1,997) (1,425) (1,009) (1,008) (1,338) (1,089) (1,165) (1,254) (1,571) (1,799) (1,937) (1,351) (1,529) (1,350) (1,352)
Total Valero Energy Corporation stockholders’ equity 25,253 25,443 26,057 26,346 25,975 25,851 24,977 23,561 21,912 20,969 18,821 18,430 17,476 17,651 17,801 18,801 19,223 19,847 18,842 21,803 21,107 21,345 21,309
Noncontrolling interests 2,747 2,807 2,767 2,178 2,082 2,143 2,090 1,907 1,803 1,764 1,589 1,387 1,113 1,053 926 841 793 787 843 733 481 492 470
Total equity 28,000 28,250 28,824 28,524 28,057 27,994 27,067 25,468 23,715 22,733 20,410 19,817 18,589 18,704 18,727 19,642 20,016 20,634 19,685 22,536 21,588 21,837 21,779
Total liabilities and equity 60,382 63,615 62,574 63,056 63,175 60,667 60,177 60,982 59,329 64,345 60,402 57,888 54,691 55,456 53,614 51,774 51,732 49,099 47,747 53,864 51,229 52,022 52,095

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Valero Energy Corp. current liabilities increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Valero Energy Corp. long-term liabilities decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 2024.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Valero Energy Corp. total liabilities increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Total Valero Energy Corporation stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Valero Energy Corp. total Valero Energy Corporation stockholders’ equity decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.