Analysis of Reportable Segments
Valero Energy Corp. operates in 3 segments: Refining; Renewable Diesel; and Ethanol.
Segment Profit Margin
Valero Energy Corp., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Refining | 8.43% | 9.39% | 1.74% | -2.21% | 3.88% |
| Renewable Diesel | 12.19% | 14.07% | 30.27% | 50.36% | 60.15% |
| Ethanol | 9.95% | 2.01% | 8.46% | -2.13% | 0.08% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Refining | Refining segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Renewable Diesel | Renewable Diesel segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Ethanol | Ethanol segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Profit Margin: Refining
Valero Energy Corp.; Refining; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 11,511) | 15,803) | 1,862) | (1,342) | 4,022) |
| Revenues | 136,488) | 168,210) | 106,961) | 60,848) | 103,764) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 8.43% | 9.39% | 1.74% | -2.21% | 3.88% |
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).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 11,511 ÷ 136,488 = 8.43%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Refining | Refining segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Profit Margin: Renewable Diesel
Valero Energy Corp.; Renewable Diesel; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 852) | 774) | 709) | 638) | 732) |
| Revenues | 6,991) | 5,501) | 2,342) | 1,267) | 1,217) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 12.19% | 14.07% | 30.27% | 50.36% | 60.15% |
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).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 852 ÷ 6,991 = 12.19%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Renewable Diesel | Renewable Diesel segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Ethanol
Valero Energy Corp.; Ethanol; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 553) | 110) | 473) | (69) | 3) |
| Revenues | 5,559) | 5,486) | 5,589) | 3,243) | 3,837) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 9.95% | 2.01% | 8.46% | -2.13% | 0.08% |
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).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 553 ÷ 5,559 = 9.95%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Ethanol | Ethanol segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Return on Assets (Segment ROA)
Valero Energy Corp., ROA by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Refining | 23.48% | 32.59% | 3.93% | -3.13% | 8.55% |
| Renewable Diesel | 14.72% | 14.84% | 20.63% | 38.46% | 51.84% |
| Ethanol | 35.70% | 7.09% | 26.10% | -3.99% | 0.19% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Refining | Refining segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Renewable Diesel | Renewable Diesel segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Ethanol | Ethanol segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment ROA: Refining
Valero Energy Corp.; Refining; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 11,511) | 15,803) | 1,862) | (1,342) | 4,022) |
| Total assets | 49,031) | 48,484) | 47,365) | 42,939) | 47,067) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 23.48% | 32.59% | 3.93% | -3.13% | 8.55% |
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).
1 2023 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 11,511 ÷ 49,031 = 23.48%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Refining | Refining segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment ROA: Renewable Diesel
Valero Energy Corp.; Renewable Diesel; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 852) | 774) | 709) | 638) | 732) |
| Total assets | 5,790) | 5,217) | 3,437) | 1,659) | 1,412) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 14.72% | 14.84% | 20.63% | 38.46% | 51.84% |
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).
1 2023 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 852 ÷ 5,790 = 14.72%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Renewable Diesel | Renewable Diesel segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Ethanol
Valero Energy Corp.; Ethanol; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 553) | 110) | 473) | (69) | 3) |
| Total assets | 1,549) | 1,551) | 1,812) | 1,728) | 1,615) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 35.70% | 7.09% | 26.10% | -3.99% | 0.19% |
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).
1 2023 Calculation
Segment ROA = 100 × Operating income (loss) ÷ Total assets
= 100 × 553 ÷ 1,549 = 35.70%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Ethanol | Ethanol segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Asset Turnover
Valero Energy Corp., asset turnover by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Refining | 2.78 | 3.47 | 2.26 | 1.42 | 2.20 |
| Renewable Diesel | 1.21 | 1.05 | 0.68 | 0.76 | 0.86 |
| Ethanol | 3.59 | 3.54 | 3.08 | 1.88 | 2.38 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Refining | Refining segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Renewable Diesel | Renewable Diesel segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Ethanol | Ethanol segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Refining
Valero Energy Corp.; Refining; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 136,488) | 168,210) | 106,961) | 60,848) | 103,764) |
| Total assets | 49,031) | 48,484) | 47,365) | 42,939) | 47,067) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.78 | 3.47 | 2.26 | 1.42 | 2.20 |
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).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 136,488 ÷ 49,031 = 2.78
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Refining | Refining segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment Asset Turnover: Renewable Diesel
Valero Energy Corp.; Renewable Diesel; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 6,991) | 5,501) | 2,342) | 1,267) | 1,217) |
| Total assets | 5,790) | 5,217) | 3,437) | 1,659) | 1,412) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.21 | 1.05 | 0.68 | 0.76 | 0.86 |
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).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 6,991 ÷ 5,790 = 1.21
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Renewable Diesel | Renewable Diesel segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Ethanol
Valero Energy Corp.; Ethanol; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 5,559) | 5,486) | 5,589) | 3,243) | 3,837) |
| Total assets | 1,549) | 1,551) | 1,812) | 1,728) | 1,615) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 3.59 | 3.54 | 3.08 | 1.88 | 2.38 |
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).
1 2023 Calculation
Segment asset turnover = Revenues ÷ Total assets
= 5,559 ÷ 1,549 = 3.59
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Ethanol | Ethanol segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation
Valero Energy Corp., capital expenditures to depreciation by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Refining | 0.63 | 0.78 | 0.63 | 0.86 | 1.25 |
| Renewable Diesel | 1.27 | 7.20 | 18.09 | 12.45 | 3.20 |
| Ethanol | 0.54 | 0.37 | 0.14 | 0.19 | 0.52 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Refining | Refining segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Renewable Diesel | Renewable Diesel segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Ethanol | Ethanol segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Refining
Valero Energy Corp.; Refining; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Total expenditures for long-lived assets | 1,488) | 1,763) | 1,374) | 1,838) | 2,581) |
| Depreciation and amortization expense | 2,351) | 2,247) | 2,169) | 2,138) | 2,062) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.63 | 0.78 | 0.63 | 0.86 | 1.25 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Total expenditures for long-lived assets ÷ Depreciation and amortization expense
= 1,488 ÷ 2,351 = 0.63
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Refining | Refining segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Renewable Diesel
Valero Energy Corp.; Renewable Diesel; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Total expenditures for long-lived assets | 294) | 879) | 1,049) | 548) | 160) |
| Depreciation and amortization expense | 231) | 122) | 58) | 44) | 50) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.27 | 7.20 | 18.09 | 12.45 | 3.20 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Total expenditures for long-lived assets ÷ Depreciation and amortization expense
= 294 ÷ 231 = 1.27
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Renewable Diesel | Renewable Diesel segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Ethanol
Valero Energy Corp.; Ethanol; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Total expenditures for long-lived assets | 43) | 22) | 18) | 23) | 47) |
| Depreciation and amortization expense | 80) | 59) | 131) | 121) | 90) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.54 | 0.37 | 0.14 | 0.19 | 0.52 |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Total expenditures for long-lived assets ÷ Depreciation and amortization expense
= 43 ÷ 80 = 0.54
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Ethanol | Ethanol segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Revenues
Valero Energy Corp., revenues by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Refining | 136,488) | 168,210) | 106,961) | 60,848) | 103,764) |
| Renewable Diesel | 6,991) | 5,501) | 2,342) | 1,267) | 1,217) |
| Ethanol | 5,559) | 5,486) | 5,589) | 3,243) | 3,837) |
| Corporate and eliminations | (4,272) | (2,814) | (915) | (446) | (494) |
| Total | 144,766) | 176,383) | 113,977) | 64,912) | 108,324) |
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).
Depreciation and amortization expense
Valero Energy Corp., depreciation and amortization expense by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Refining | 2,351) | 2,247) | 2,169) | 2,138) | 2,062) |
| Renewable Diesel | 231) | 122) | 58) | 44) | 50) |
| Ethanol | 80) | 59) | 131) | 121) | 90) |
| Corporate and eliminations | 39) | 45) | 47) | 48) | 53) |
| Total | 2,701) | 2,473) | 2,405) | 2,351) | 2,255) |
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).
Operating income (loss)
Valero Energy Corp., operating income (loss) by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Refining | 11,511) | 15,803) | 1,862) | (1,342) | 4,022) |
| Renewable Diesel | 852) | 774) | 709) | 638) | 732) |
| Ethanol | 553) | 110) | 473) | (69) | 3) |
| Corporate and eliminations | (1,058) | (997) | (914) | (806) | (921) |
| Total | 11,858) | 15,690) | 2,130) | (1,579) | 3,836) |
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).
Total expenditures for long-lived assets
Valero Energy Corp., total expenditures for long-lived assets by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Refining | 1,488) | 1,763) | 1,374) | 1,838) | 2,581) |
| Renewable Diesel | 294) | 879) | 1,049) | 548) | 160) |
| Ethanol | 43) | 22) | 18) | 23) | 47) |
| Corporate and eliminations | 91) | 73) | 17) | 27) | 58) |
| Total | 1,916) | 2,737) | 2,458) | 2,436) | 2,846) |
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).
Total assets
Valero Energy Corp., total assets by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Refining | 49,031) | 48,484) | 47,365) | 42,939) | 47,067) |
| Renewable Diesel | 5,790) | 5,217) | 3,437) | 1,659) | 1,412) |
| Ethanol | 1,549) | 1,551) | 1,812) | 1,728) | 1,615) |
| Corporate and eliminations | 6,686) | 5,730) | 5,274) | 5,448) | 3,770) |
| Total | 63,056) | 60,982) | 57,888) | 51,774) | 53,864) |
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).