Valero Energy Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,348	2,770	8,835	11,528	930
Depreciation & Amortization	2,858	2,774	2,701	2,450	2,357
Loss (Gain) From Sale of Assets	-	-	-	23	-62
Asset Writedown & Restructuring Costs	1,431	-	-	61	48
Other Operating Activities	-448	923	229	387	425
Change in Accounts Receivable	1,125	1,562	-387	-1,619	-4,382
Change in Inventory	362	-286	-684	-672	-253
Change in Accounts Payable	-2,016	-430	-169	521	6,301
Change in Income Taxes	-137	-146	-776	231	224
Change in Other Net Operating Assets	303	-484	-520	-336	271
Operating Cash Flow	5,826	6,683	9,229	12,574	5,859
Operating Cash Flow Growth	-12.82%	-27.59%	-26.60%	114.61%	518.04%
Capital Expenditures	-796	-907	-911	-1,681	-1,665
Sale of Property, Plant & Equipment	-	-	-	32	270
Investment in Securities	-	52	38	-96	-9
Other Investing Activities	-1,049	-1,126	-992	-1,060	-755
Investing Cash Flow	-1,845	-1,981	-1,865	-2,805	-2,159
Long-Term Debt Issued	7,574	7,137	2,420	3,153	1,828
Long-Term Debt Repaid	-7,668	-7,785	-2,682	-5,963	-3,035
Net Debt Issued (Repaid)	-94	-648	-262	-2,810	-1,207
Repurchase of Common Stock	-2,626	-2,924	-5,136	-4,577	-27
Common Dividends Paid	-1,405	-1,384	-1,452	-1,562	-1,602
Other Financing Activities	-57	-93	-91	100	-10
Financing Cash Flow	-4,182	-5,049	-6,941	-8,849	-2,846
Foreign Exchange Rate Adjustments	237	-248	139	-180	-45
Net Cash Flow	36	-595	562	740	809
Free Cash Flow	5,030	5,776	8,318	10,893	4,194
Free Cash Flow Growth	-12.92%	-30.56%	-23.64%	159.73%	-
Free Cash Flow Margin	4.34%	4.66%	5.98%	6.36%	3.87%
Free Cash Flow Per Share	16.28	17.94	23.56	27.51	10.30
Cash Interest Paid	533	556	562	570	598
Cash Income Tax Paid	699	843	3,494	3,288	-842
Levered Free Cash Flow	3,720	5,078	6,470	8,911	4,280
Unlevered Free Cash Flow	4,067	5,425	6,840	9,262	4,657
Change in Working Capital	-363	216	-2,536	-1,875	2,161

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