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Valero Energy Corptx (VLO) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Valero Energy Corptx

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CIK: 1035002 Ticker: VLO
Exhibit 99.01

Valero Energy Reports 2017 Fourth Quarter and Full Year Results

•
Reported net income attributable to Valero stockholders of $2.4 billion, or $5.42 per share, for the fourth quarter and $4.1 billion, or $9.16 per share, for the year.
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Reported adjusted net income attributable to Valero stockholders of $509 million, or $1.16 per share, for the fourth quarter and $2.2 billion, or $4.96 per share, for the year.
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Invested $641 million of growth and sustaining capital for the fourth quarter and $2.4 billion for the year.
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Commissioned new 200,000 barrels per day Diamond Pipeline and Wilmington cogeneration unit in November.
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Returned $727 million in cash to stockholders through dividends and stock buybacks in the fourth quarter and $2.6 billion in the year.

SAN ANTONIO, February 1, 2018 – Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $2.4 billion, or $5.42 per share, for the fourth quarter of 2017 compared to $367 million, or $0.81 per share, for the fourth quarter of 2016. Excluding an income tax benefit of $1.9 billion, or $4.26 per share, that resulted from the Tax Cuts and Jobs Act of 2017 (Tax Reform), fourth quarter 2017 adjusted net income attributable to Valero stockholders was $509 million, or $1.16 per share. For the year ended December 31, 2017, net income attributable to Valero stockholders was $4.1 billion, or $9.16 per share, compared to $2.3 billion, or $4.94 per share for 2016. Excluding the income tax benefit for 2017 and other adjustments reflected in the accompanying earnings release tables for 2016, adjusted net income attributable to Valero stockholders for 2017 was $2.2 billion, or $4.96 per share, compared to $1.7 billion, or $3.72 per share, for 2016.

“We performed very well this year,” said Joe Gorder, Valero Chairman, President and Chief Executive Officer. “We achieved a number of operational performance records and delivered solid financial results.”



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The following information was filed by Valero Energy Corptx (VLO) on Thursday, February 1, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Valero Energy Corptx's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Income
Consolidated Statements Of Income (parenthetical)
Accrued Expenses And Other Long-term Liabilities
Accrued Expenses And Other Long-term Liabilities (details)
Accrued Expenses And Other Long-term Liabilities (tables)
Aruba Disposition
Aruba Disposition (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Commitments And Contingencies, Narrative (details)
Debt And Capital Lease Obligations
Debt And Capital Lease Obligations (details)
Debt And Capital Lease Obligations (tables)
Debt, Bank Credit Facilities (details)
Debt, Interest Incurred (details)
Debt, Non-bank Debt (details)
Debt, Other Disclosures (details)
Deferred Charges And Other Assets
Deferred Charges And Other Assets (details)
Deferred Charges And Other Assets (tables)
Description Of Business, Basis Of Presentation, And Significant Accounting Policies
Description Of Business, Basis Of Presentation, And Significant Accounting Policies (details)
Description Of Business, Basis Of Presentation, And Significant Accounting Policies (policies)
Earnings Per Common Share
Earnings Per Common Share (details)
Earnings Per Common Share (tables)
Employee Benefit Plans
Employee Benefit Plans (details)
Employee Benefit Plans (tables)
Employee Benefit Plans, Aggregate Projected Benefit Obligation (details)
Employee Benefit Plans, Benefit Payments (details)
Employee Benefit Plans, Components Of Net Periodic Benefit Cost (credit) (details)
Employee Benefit Plans, Fair Value Of Assets Qualified Plans (details)
Employee Benefit Plans, Health Care Cost Trend Rate (details)
Employee Benefit Plans, Net Periodic Benefit Costs Amortized From Accumulated Other Comprehensive Income (loss) (details)
Employee Benefit Plans, Pre-tax Amounts In Accumulated Other Comprehensive Income (loss) (details)
Employee Benefit Plans, Pre-tax Amounts Recognized In Other Comprehensive Income (loss) (details)
Employee Benefit Plans, Weighted-average Assumptions (details)
Equity
Equity (tables)
Equity, Changes In Accumulated Other Comprehensive Income (loss) (details)
Equity, Income Tax Effects On Other Comprehensive Income (loss) (details)
Equity, Reclassification Out Of Accumulated Other Comprehensive Income (loss) (details)
Equity, Stock Related Disclosures (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements, Nonrecurring (details)
Fair Value Measurements, Other Financial Instruments (details)
Fair Value Measurements, Recurring (details)
Income Taxes
Income Taxes (tables)
Income Taxes, Components Of Income Tax Expense (benefit) (details)
Income Taxes, Deferred Income Tax Assets And Liabilities (details)
Income Taxes, Details Of The Tax Reform Adjustment (details)
Income Taxes, Income Statement Components Of Tax Expense (benefit) (details)
Income Taxes, Narrative (details)
Income Taxes, Reconciliation Of Income Tax Expense (benefit) (details)
Income Taxes, Reconciliation Of Unrecognized Tax Benefits (details)
Income Taxes, Schedule Of Income Taxes Paid (details)
Income Taxes, Schedule Of Statutory Tax Rates (details)
Income Taxes, Tax Credits And Loss Carryforwards (details)
Income Taxes, Unrecognized Tax Benefits (details)
Income Taxes, Unrecognized Tax Benefits Recognized In Balance Sheet (details)
Inventories
Inventories (details)
Inventories (tables)
Price Risk Management Activities
Price Risk Management Activities (details)
Price Risk Management Activities (tables)
Price Risk Management Activities, Gain (loss) By Income Statement Location (details)
Price Risk Management Activities, Hedging Instruments By Consolidated Balance Sheet Location (details)
Property, Plant, And Equipment
Property, Plant, And Equipment (details)
Property, Plant, And Equipment (tables)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (details)
Quarterly Financial Data (unaudited) (tables)
Receivables
Receivables (details)
Receivables (tables)
Segment Information
Segment Information (tables)
Segment Information, Activity (details)
Segment Information, Geographic Information By Country For Revenue And Long-lived Assets (details)
Segment Information, Revenue By Product (details)
Segment Information, Total Assets By Reportable Segments (details)
Stock-based Compensation
Stock-based Compensation (details)
Stock-based Compensation (tables)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Variable Interest Entities
Variable Interest Entities (tables)
Variable Interest Entities, Consolidated (details)
Variable Interest Entities, Non-consolidated (details)
Ticker: VLO
CIK: 1035002
Form Type: 10-K Annual Report
Accession Number: 0001035002-18-000010
Submitted to the SEC: Wed Feb 28 2018 2:24:13 PM EST
Accepted by the SEC: Wed Feb 28 2018
Period: Sunday, December 31, 2017
Industry: Petroleum Refining

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