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Valero Energy Corptx (VLO) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Valero Energy Corptx

CIK: 1035002 Ticker: VLO
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Exhibit 99.01

Valero Energy Reports 2018 Fourth Quarter and Full Year Results

Reported net income attributable to Valero stockholders of $952 million, or $2.24 per share, for the fourth quarter and $3.1 billion, or $7.29 per share, for the year.
Reported adjusted net income attributable to Valero stockholders of $900 million, or $2.12 per share, for the fourth quarter and $3.2 billion, or $7.37 per share, for the year.
Returned $965 million in cash to stockholders through dividends and stock buybacks in the fourth quarter and $3.1 billion in the year.
Increased quarterly common stock dividend by 12.5 percent to $0.90 per share on January 24.

SAN ANTONIO, January 31, 2019 – Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $952 million, or $2.24 per share, for the fourth quarter of 2018 compared to $2.4 billion, or $5.42 per share, for the fourth quarter of 2017. Excluding adjustments shown in the accompanying earnings release tables of $52 million, or $0.12 per share, for the fourth quarter of 2018 and $1.9 billion, or $4.26 per share, for the fourth quarter of 2017, adjusted net income attributable to Valero stockholders was $900 million, or $2.12 per share, for the fourth quarter of 2018 and $509 million, or $1.16 per share, for the fourth quarter of 2017. The adjustment for the fourth quarter of 2017 is associated with an income tax benefit that resulted from the Tax Cuts and Jobs Act of 2017.

For the year ended December 31, 2018, net income attributable to Valero stockholders was $3.1 billion, or $7.29 per share, compared to $4.1 billion, or $9.16 per share, for 2017. Excluding adjustments shown in the accompanying earnings release tables of $35 million, or $0.08 per share, for 2018 and $1.9 billion, or $4.20 per share, for 2017, adjusted net income attributable to Valero stockholders was $3.2 billion, or $7.37 per share, for 2018 compared to $2.2 billion, or $4.96 per share, for 2017.



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The following information was filed by Valero Energy Corptx (VLO) on Thursday, January 31, 2019 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 Equity (Parenthetical)
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)
Acquisitions And Merger
Acquisitions And Merger (Details)
Acquisitions And Merger (Tables)
Acquisitions And Merger, Fair Values Of Assets Acquired And Liabilities Assumed, Net (Details)
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, Credit Facilities (Details)
Debt, Interest Incurred (Details)
Debt, Other Debt, Capital Lease Obligations, And Other Disclosures (Details)
Debt, Public Debt (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, Accumulated Benefit Obligations In Excess Of Plan Assets (Details)
Employee Benefit Plans, Benefit Payments (Details)
Employee Benefit Plans, Components Of Net Periodic Benefit Cost (Credit) (Details)
Employee Benefit Plans, Defined Contribution Plans (Details)
Employee Benefit Plans, Fair Value Of Pension Plan Assets (Details)
Employee Benefit Plans, Health Care Cost Trend Rate (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, Projected Benefit Obligations In Excess Of Plan Assets (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)
Revenues And Segment Information
Revenues And Segment Information (Tables)
Revenues And Segment Information, Activity (Details)
Revenues And Segment Information, Geographic Information By Country For Revenue And Long-Lived Assets (Details)
Revenues And Segment Information, Revenue By Product (Details)
Revenues And 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: 0001035002-19-000008
Submitted to the SEC: Thu Feb 28 2019 11:06:55 AM EST
Accepted by the SEC: Thu Feb 28 2019
Period: Monday, December 31, 2018
Industry: Petroleum Refining

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