Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1035002/000103500220000041/vloform10-qx6302020.htm
January 2023
November 2022
October 2022
October 2022
September 2022
July 2022
July 2022
June 2022
May 2022
April 2022
• | Reported net income attributable to Valero stockholders of $1.3 billion, or $3.07 per share. |
• | Reported adjusted net loss attributable to Valero stockholders of $504 million, or $1.25 per share. |
• | Returned $400 million in cash to stockholders through dividends and declared a quarterly common stock dividend of $0.98 per share on July 16. |
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1035002/000103500220000041/vloform10-qx6302020.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Valero Energy Corptx.
Valero Energy Corptx's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
Rating
Learn More![]()
Refining segment operating expenses (excluding depreciation and amortization expense) decreased by $98 million primarily due to lower natural gas and electricity costs of $50 million, lower chemical and catalyst costs of $22 million, and lower maintenance expenses of $17 million.
52 Table of Contents Ethanol segment operating expenses (excluding depreciation and amortization expense) decreased by $53 million primarily due to lower energy costs of $23 million, lower chemical and catalyst costs of $17 million, and lower maintenance expenses of $8 million.
Refining segment operating expenses (excluding depreciation and amortization expense) decreased by $174 million primarily due to lower natural gas and electricity costs of $114 million, lower chemical and catalyst costs of $38 million, and lower maintenance expenses of $19 million.
Ethanol segment operating expenses (excluding depreciation and amortization expense) decreased by $69 million primarily due to lower energy costs of $37 million, lower chemicals and catalyst costs of $16 million, and lower maintenance expenses of $8 million.
While this response has not yet significantly impacted the increased level of individual movement associated with the initial lifting of many restrictions, the risk remains that the reimposition of such restrictions that has already occurred, or any further reimposition 40 Table of Contents of prior restrictions or any imposition of new restrictions that may occur in the future, could each weaken the partial recovery in the demand and market prices for our products, which would negatively affect us.
As previously noted, our operations...Read more
The change in working capital...Read more
Even though we generated $687...Read more
The decrease in renewable diesel...Read more
The decrease in ethanol segment...Read more
The decrease in ethanol segment...Read more
These non-GAAP financial measures include...Read more
However, in the event of...Read more
Refining segment adjusted operating income...Read more
? Higher margins on other...Read more
General and administrative expenses (excluding...Read more
63 Table of Contents The...Read more
The $1.4 billion decrease includes...Read more
The $1.6 billion decrease includes...Read more
The decrease in refining segment...Read more
The decrease in refining segment...Read more
However, demand for most of...Read more
General and administrative expenses (excluding...Read more
The amount of cash generated...Read more
Refining segment depreciation and amortization...Read more
Refining segment depreciation and amortization...Read more
Renewable diesel segment adjusted operating...Read more
The increase was primarily due...Read more
Renewable diesel segment margin increased...Read more
An increase in sales volumes...Read more
The decrease in revenues was...Read more
? A decrease in distillate...Read more
? A decrease in gasoline...Read more
An increase in the cost...Read more
? A decrease in production...Read more
? A decrease in production...Read more
44 Table of Contents The...Read more
We believe we have proactively...Read more
As previously noted, our operations...Read more
The increase in income tax...Read more
Renewable diesel prices and resulting...Read more
Ethanol prices and resulting product...Read more
? A decrease in throughput...Read more
? A decrease in throughput...Read more
We extended the maturity date...Read more
We wrote down the value...Read more
In addition, any major upgrades...Read more
Ethanol segment adjusted operating income...Read more
The market value of our...Read more
In addition, the decrease in...Read more
? Higher discounts on crude...Read more
? Higher discounts on other...Read more
See the tables in note...Read more
Net income attributable to noncontrolling...Read more
61 Table of Contents Net...Read more
Income tax expense decreased $488...Read more
The decrease was primarily due...Read more
These non-GAAP measures should not...Read more
We believe adjusted renewable diesel...Read more
Lower renewable diesel prices had...Read more
In July 2020, we extended...Read more
58 Table of Contents ?...Read more
A summary of our cash...Read more
We believe adjusted operating income...Read more
We believe adjusted refining operating...Read more
We reduced the amount of...Read more
As of June 30, 2020...Read more
As of June 30, 2020...Read more
Price risk management activities had...Read more
Revenues decreased by $18.5 billion...Read more
Revenues decreased by $20.7 billion...Read more
For the first six months...Read more
The increase in operating income...Read more
? Lower corn prices had...Read more
In addition, certain of our...Read more
Ethanol segment adjusted operating income...Read more
In addition, these non-GAAP measures...Read more
If a long-lived asset is...Read more
Also in note (d), we...Read more
We consider capital investments to...Read more
Renewable diesel segment operating income...Read more
We recognized a hedge gain...Read more
We recognized a hedge gain...Read more
In addition, our operations generated...Read more
Income tax expense increased by...Read more
However, we believe that our...Read more
Even though our cash and...Read more
Our effective tax rate was...Read more
Investments in our business of...Read more
The decrease in the demand...Read more
Any future reduction below investment...Read more
Our cash and cash equivalents...Read more
59 Table of Contents Renewable...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Valero Energy Corptx provided additional information to their SEC Filing as exhibits
Ticker: VLO
CIK: 1035002
Form Type: 10-Q Quarterly Report
Accession Number: 0001035002-20-000041
Submitted to the SEC: Thu Jul 30 2020 7:44:19 PM EST
Accepted by the SEC: Fri Jul 31 2020
Period: Tuesday, June 30, 2020
Industry: Petroleum Refining