Valero Energy Corporation (BMV:VLO)

Valero Energy Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-	2,770	8,835	11,528	930
Depreciation & Amortization	-	2,774	2,701	2,450	2,357
Loss (Gain) From Sale of Assets	-	-	-	23	-62
Asset Writedown & Restructuring Costs	-	-	-	61	48
Other Operating Activities	-	149	406	387	425
Change in Accounts Receivable	-	1,562	-387	-1,619	-4,382
Change in Inventory	-	-286	-684	-672	-253
Change in Accounts Payable	-	-430	-169	521	6,301
Change in Income Taxes	-	-146	-776	231	224
Change in Other Net Operating Assets	-	290	-697	-336	271
Operating Cash Flow	-	6,683	9,229	12,574	5,859
Operating Cash Flow Growth	-	-27.59%	-26.60%	114.61%	518.04%
Capital Expenditures	-	-907	-911	-1,681	-1,665
Sale of Property, Plant & Equipment	-	-	-	32	270
Investment in Securities	-	52	38	-96	-9
Other Investing Activities	-	-1,126	-992	-1,060	-755
Investing Cash Flow	-	-1,981	-1,865	-2,805	-2,159
Long-Term Debt Issued	-	7,137	2,420	3,153	1,828
Long-Term Debt Repaid	-	-7,785	-2,682	-5,963	-3,035
Net Debt Issued (Repaid)	-	-648	-262	-2,810	-1,207
Repurchase of Common Stock	-	-2,875	-5,136	-4,577	-27
Common Dividends Paid	-	-1,384	-1,452	-1,562	-1,602
Other Financing Activities	-	-142	-91	100	-10
Financing Cash Flow	-	-5,049	-6,941	-8,849	-2,846
Foreign Exchange Rate Adjustments	-	-248	139	-180	-45
Net Cash Flow	-	-595	562	740	809
Free Cash Flow	-	5,776	8,318	10,893	4,194
Free Cash Flow Growth	-	-30.56%	-23.64%	159.73%	-
Free Cash Flow Margin	-	4.66%	5.98%	6.36%	3.87%
Free Cash Flow Per Share	-	17.94	23.56	27.51	10.30
Cash Interest Paid	-	556	562	570	598
Cash Income Tax Paid	-	843	3,494	3,288	-842
Levered Free Cash Flow	-	5,078	6,470	8,911	4,280
Unlevered Free Cash Flow	-	5,425	6,840	9,262	4,657
Change in Working Capital	-	990	-2,713	-1,875	2,161

Source: S&P Global Market Intelligence. Standard template. Financial Sources.