Valero energy corp/tx (VLO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Cash flows from operating activities:
Net income (loss)

2,784

3,353

4,156

2,417

4,101

3,711

2,728

2,080

2,089

324

-1,982

-1,131

5,234

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense

2,255

2,069

1,986

1,894

1,842

1,690

1,720

1,574

1,534

1,473

1,527

1,476

1,376

Inventory Write-down

-

-

-

-747

790

0

0

-

-

-

-

-

-

Asset impairment loss

-

-

-

56

0

0

-

1,014

0

2

607

103

0

Aruba Refinery asset retirement expense and other

-

-

-

-

-

63

0

0

-

-

-

-

-

Gain on disposition of retained interest in CST Brands, Inc.

-

-

-

-

-

-

325

0

0

-

-

-

-

Goodwill impairment loss

-

-

-

-

-

-

-

-

-

-

-

4,069

0

Loss on sales of refinery assets, net

-

-

-

-

-

-

-

-

-12

-888

-1,868

305

-

Noncash interest expense and other income, net

-

-

-

-

-

-

-

-

-

-

-

-76

-10

Gain on sale of Krotz Springs Refinery and Lima Refinery

-

-

-

-

-

-

-

-

-

-

-

-

-827

Loss on shutdown of Delaware City Refinery

-

-

-

-

-

-

-

-

-

-

-

0

0

Gain on sale of investment in Cameron Highway Oil Pipeline Company

-

-

-

-

-

-

-

-

-

55

0

0

-

Stock-based compensation expense

-

-

-

-

-

-

-

58

58

54

66

59

100

Deferred income tax benefit

234

203

-2,543

230

165

445

501

963

461

347

-343

675

-131

Increase (Decrease) in Other Current Assets and Liabilities, Net

-294

1,297

-1,289

-976

1,306

1,810

-922

302

-81

-68

-255

1,630

-469

Changes in deferred charges and credits and other operating activities, net

36

-43

-594

6

-19

-142

-18

117

197

56

175

145

-15

Net cash provided by (used in) operating activities

5,531

4,371

5,482

4,820

5,611

4,241

5,564

5,270

4,038

3,045

1,823

3,095

5,258

Cash flows from investing activities:
Deferred turnaround and catalyst cost expenditures

-

-

-

718

673

649

634

479

629

535

415

408

518

Investments in unconsolidated joint ventures

164

181

406

4

141

14

76

-

-

-

-

-

-

Capital expenditures of certain variable interest entities

-

-

-

-

0

-

-

-

-

-

-

-

-

Acquisition of Meraux Refinery

-

-

-

-

-

-

-

-

547

0

0

-

-

Proceeds from the sale of the Paulsboro Refinery

-

-

-

-

-

-

-

160

0

-

-

-

-

Acquisitions of ethanol plants

-

-

-

-

-

-

-

-

-

260

577

0

0

Peru Acquisition, net of cash acquired

0

468

0

0

-

-

-

-

-

-

-

-

-

Payments to Acquire Oil and Gas Property and Equipment

72

212

72

0

0

-

-

-

-

-

-

-

-

Minor acquisitions

-

-

-

-

-

-

-

-

1,691

0

0

-

-

Advance payment related to acquisition of Pembroke Refinery

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from sale of Krotz Springs Refinery

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of Lima Refinery

-

-

-

-

-

-

-

-

-

-

-

-

2,428

Contingent payments in connection with acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

75

Proceeds from minor dispositions of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

63

Minor acquisitions

-

-

-

-

-

-

-

-

-

0

29

144

0

Proceeds from the sale of investment in Cameron Highway Oil Pipeline Company

-

-

-

-

-

-

-

-

-

330

0

0

-209

Other investing activities, net

-12

-8

2

6

55

28

-19

101

76

-23

-35

-17

11

Net cash used in investing activities

-3,001

-3,928

-2,382

-2,006

-2,487

-2,844

-2,812

-3,351

-5,298

-1,405

-3,292

-2,965

-582

Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt

-

-

-

-

1,446

28

0

2,900

150

-

-

-

-

Repayments of debt and finance lease obligations

-

-

-

1,475

513

204

486

3,612

778

-

-

-

-

Proceeds from the exercise of stock options

-

-

-

-

34

47

59

59

49

20

11

16

159

Non-bank debt:
Borrowings

-

-

-

-

-

-

-

-

-

1,544

998

0

2,245

Repayments

-

-

-

-

-

-

-

-

-

517

285

374

463

Bank credit agreements:
Borrowings

-

-

-

-

-

-

-

-

-

0

39

-

3,000

Repayments

-

-

-

-

-

-

-

-

-

0

39

-

3,000

Proceeds from the sale of receivables

-

-

-

-

-

-

-

-

-

1,225

950

0

0

Repayments

-

-

-

-

-

-

-

-

-

1,325

850

0

0

Proceeds from the sale of common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

799

0

0

Purchases of common stock for treasury

777

1,708

1,372

1,336

2,838

1,296

928

281

349

13

4

955

5,788

Benefit from tax deduction in excess of recognized stock-based compensation cost

-

-

-

-

-

-

-

-

-

-

-

-

311

Common stock dividends

1,492

1,369

1,242

1,111

848

554

462

360

169

114

324

299

271

Payments to Noncontrolling Interests

950

0

0

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of Valero Energy Partners LP common units

-

-

-

-

189

0

369

0

0

-

-

-

-

Contributions from noncontrolling interests

0

32

30

0

5

12

45

44

22

0

0

-

-

Distributions to noncontrolling interests

70

116

67

-

-

12

0

0

-

-

-

-

-

Distributions to noncontrolling interests

-

-

-

65

45

0

0

-

-

-

-

-

-

Proceeds from short-term debt in anticipation of separation

-

-

-

-

-

-

550

0

0

-

-

-

-

Cash distributed to Valero by CST Brands, Inc.

-

-

-

-

-

-

500

0

0

-

-

-

-

Cash held and retained by CST Brands, Inc. upon separation

-

-

-

-

-

-

315

0

0

-

-

-

-

Proceeds from short-term debt related to disposition of retained interest

-

-

-

-

-

-

525

0

0

-

-

-

-

Repayments of short-term debt related to disposition of retained interest

-

-

-

-

-

-

58

0

0

-

-

-

-

Other financing activities, net

-28

-15

20

-178

25

49

38

17

9

-4

-6

5

-24

Net cash used in financing activities

-2,997

-3,168

-2,272

-2,012

-2,545

-1,930

-163

-1,233

-1,066

816

1,289

-1,607

-3,831

Effect of foreign exchange rate changes on cash

68

-143

206

-100

-154

-70

-20

13

16

53

65

-47

29

Net decrease in cash and cash equivalents

-399

-2,868

1,034

702

425

-603

2,569

699

-2,310

2,509

-115

-1,524

874

Excluding Variable Interest Entities (VIEs) [Member]
Capital expenditures

1,627

1,463

1,269

-

-

-

-

-

-

-

-

-

-

Deferred turnaround and catalyst cost expenditures

762

888

519

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Long-term Debt

1,892

1,258

380

-

-

-

-

-

-

-

-

-

-

Repayments of debt and finance lease obligations

1,805

1,353

15

-

-

-

-

-

-

-

-

-

-

Diamond Green Diesel Holdings LLC (DGD) [Member]
Capital expenditures

142

165

84

-

-

-

-

-

-

-

-

-

-

Deferred turnaround and catalyst cost expenditures

18

27

4

-

-

-

-

-

-

-

-

-

-

Other VIEs [Member]
Capital expenditures

225

124

26

-

-

-

-

-

-

-

-

-

-

Excluding Certain Variable Interest Entities (VIEs) [Member]
Capital expenditures

-

-

-

1,278

1,618

2,153

2,121

2,931

2,355

1,730

2,306

2,893

2,260

Proceeds from Issuance of Long-term Debt

-

-

-

2,153

-

-

-

-

-

-

-

-

-

Certain Variable Interest Entities (VIEs) [Member]
Capital expenditures

-

-

-

0

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Long-term Debt

-

-

-

0

-

-

-

-

-

-

-

-

-

Ethanol Plants [Member]
Asset acquisitions

3

320

0

0

-

-

-

-

-

-

-

-

-

Minor Acquisitions [Member]
Asset acquisitions

0

88

0

0

-

-

-

-

-

-

-

-

-

Variable Interest Entities (VIEs) [Member]
Proceeds from Issuance of Long-term Debt

239

109

0

-

-

-

-

-

-

-

-

-

-

Repayments of debt and finance lease obligations

6

6

6

-

-

-

-

-

-

-

-

-

-