← VALERO ENERGY CORP/TX

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Revenues $75.7b
$94.0b +24.22%
$117.0b +24.53%
$108.3b -7.44%
$64.9b -40.08%
$114.0b +75.59%
$176.4b +54.75%
$144.8b -17.93%
$129.9b -10.28%
$122.7b -5.54%
$139.4b +13.62%
Includes excise taxes on sales by certain of our foreign operations — $5.6b $5.6b $5.6b $4.8b $5.6b $5.2b $5.8b $5.9b $6.7b —
Cost of Goods and Services Sold $71.3b
$89.4b +25.49%
$111.4b +24.61%
$103.5b -7.08%
$58.9b -43.10%
$103.5b +75.59%
$159.6b +54.25%
$131.8b -17.39%
$125.1b -5.13%
$117.3b -6.25%
$128.2b +9.38%
Cost of materials and other $66.0b
$83.0b +25.89%
$104.7b +26.13%
$96.5b -7.88%
$58.9b -38.91%
$102.7b +74.29%
$150.8b +46.79%
$123.1b -18.36%
$116.5b -5.34%
$101.1b -13.23%
—
Total cost of sales $71.3b
$89.4b +25.49%
$111.4b +24.61%
$103.5b -7.08%
$65.7b -36.60%
$110.8b +68.84%
$159.6b +43.97%
$131.8b -17.39%
$125.1b -5.13%
$117.3b -6.25%
—
Gross Profit $4.4b
$4.5b +3.55%
$5.6b +23.03%
$4.8b -14.59%
$6.0b +25.36%
$10.5b +75.59%
$16.8b +59.70%
$12.9b -23.01%
$4.8b -62.84%
$5.4b +13.05%
$11.1b +105.21%
General and Administrative Expense $715.0m $835.0m $925.0m $868.0m $756.0m $865.0m $934.0m $998.0m $961.0m $1.0b $1.1b
Operating expenses:
Operating Costs and Expenses $4.2b — — — — — — — — — —
Operating expenses (excluding depreciation and amortization expense reflected below) $4.2b $4.5b $4.7b $4.9b $4.4b $5.8b $6.4b $6.1b $5.8b $6.3b $1.1b
Other operating expenses $0 $61.0m $45.0m $21.0m $35.0m $87.0m $66.0m $33.0m $44.0m $15.0m —
Operating Income (Loss) $3.6b
$3.6b +0.76%
$4.6b +27.04%
$3.8b -16.10%
($1.6b) -141.16%
$2.1b +234.90%
$15.7b +636.62%
$11.9b -24.42%
$3.8b -68.33%
$3.2b -15.29%
$10.0b +214.71%
Interest Expense $446.0m $468.0m $470.0m $454.0m $563.0m $603.0m $562.0m $592.0m $556.0m $556.0m $563.0m
Interest and debt expense, net of capitalized interest ($446.0m) ($468.0m) ($470.0m) ($454.0m) ($563.0m) ($603.0m) ($562.0m) ($592.0m) ($556.0m) ($556.0m) —
Other Nonoperating Income (Expense) $56.0m $76.0m $130.0m $104.0m $132.0m $16.0m $179.0m $502.0m $499.0m $380.0m —
Other income, net $56.0m $76.0m $130.0m $104.0m $132.0m $16.0m $179.0m $502.0m $499.0m $380.0m $422.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $1.7b $2.3b $3.2b $2.5b ($2.1b) $1.0b $11.7b $9.3b $2.7b $899.0m $9.9b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $3.2b $3.2b $4.2b $3.5b ($2.0b) $1.5b $15.3b $11.8b $3.7b $3.0b $9.9b
Taxes other than income taxes — — — — — — — $5.7b $5.9b $6.7b —
Current Income Tax Expense (Benefit) $535.0m $1.6b $676.0m $468.0m ($1.1b) $381.0m $3.4b $2.5b $779.0m $956.0m $2.2b
Income Tax Expense (Benefit) $765.0m ($949.0m) $879.0m $702.0m ($903.0m) $255.0m $3.4b $2.6b $692.0m $759.0m $2.2b
Net Income (Loss) Attributable to Parent $2.3b
$4.1b +77.59%
$3.1b -23.20%
$2.4b -22.42%
($1.4b) -158.67%
$930.0m +165.45%
$11.5b +1139.57%
$8.8b -23.36%
$2.8b -68.65%
$2.3b -15.23%
$7.2b +206.35%
Net Income (Loss) Available to Common Stockholders, Basic $2.3b
$4.1b +77.59%
$3.1b -23.42%
$2.4b -22.42%
($1.4b) -159.05%
$924.0m +164.80%
$11.5b +1142.97%
$8.8b -23.31%
$2.8b -68.64%
$2.3b -15.24%
$7.2b +207.26%
Net Income (Loss) Attributable to Noncontrolling Interest $128.0m $91.0m $231.0m $362.0m $314.0m $358.0m $351.0m $314.0m $236.0m ($102.0m) $7.2b
Income (Loss) from Continuing Operations, Per Basic Share $5 — $7 — — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share $5 — $7 — — — — — — — —
Earnings Per Share, Basic $4.94 $9.17 $7.30 $5.84 ($3.50) $2.27 $29.05 $24.93 $8.58 $7.57 $23.99
Earnings Per Share, Diluted $4.94 $9.16 $7.29 $5.84 ($3.50) $2.27 $29.04 $24.92 $8.58 $7.57 $23.98
Weighted Average Number of Shares Outstanding, Basic 461.0m 442.0m 426.0m 413.0m 407.0m 407.0m 395.0m 353.0m 322.0m 309.0m 300.5m
Weighted-average common shares outstanding (shares) 461.0m 442.0m 426.0m 413.0m 407.0m 407.0m 395.0m 353.0m 322.0m 309.0m —
Weighted-average common shares outstanding – assuming dilution (shares) 464.0m 444.0m 428.0m 414.0m 407.0m 407.0m 396.0m 353.0m 322.0m 309.0m —
Weighted Average Number of Shares Outstanding, Diluted 464.0m 444.0m 428.0m 414.0m 407.0m 407.0m 396.0m 353.0m 322.0m 309.0m 300.5m
Additional Financial Items
Accretion Expense, Including Asset Retirement Obligations $0 — — — — — — — — — —
Cost, Depreciation and Amortization — $1.9b $2.0b $2.2b $2.3b $2.4b $2.4b $2.7b $2.7b $3.1b —
Goodwill, Impairment Loss — — — — $0 — — — — — $1.1b
Other Cost and Expense, Operating $0 $61.0m $45.0m $21.0m $35.0m $87.0m $66.0m $33.0m $44.0m $15.0m —
Depreciation and amortization expense $1.9b $52.0m $52.0m $53.0m $48.0m $47.0m $45.0m $43.0m $45.0m $63.0m —
Asset impairment loss $56.0m $0 $0 — $0 $0 $61.0m $0 $0 $1.1b $1.1b
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax $0 — — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $2.3b — — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $2.4b — — — — — — — — — —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.