Valero Energy Corporation (VLO)
NYSE: VLO · Real-Time Price · USD
381.46
-18.20 (-4.55%)
At close: Nov 2, 2026, 4:00 PM EST
382.80
+1.34 (0.35%)
After-hours: Nov 2, 2026, 7:49 PM EST
Valero Energy Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 12,945 | 2,348 | 2,770 | 8,835 | 11,528 | 930 |
Depreciation & Amortization | 2,845 | 2,858 | 2,774 | 2,701 | 2,450 | 2,357 |
Loss (Gain) From Sale of Assets | - | - | - | - | 23 | -62 |
Asset Writedown & Restructuring Costs | 233 | 1,431 | - | - | 61 | 48 |
Other Operating Activities | 557 | -448 | 923 | 229 | 387 | 425 |
Change in Accounts Receivable | -4,515 | 1,125 | 1,562 | -387 | -1,619 | -4,382 |
Change in Inventory | -182 | 362 | -286 | -684 | -672 | -253 |
Change in Accounts Payable | 3,057 | -2,016 | -430 | -169 | 521 | 6,301 |
Change in Income Taxes | 1,257 | -137 | -146 | -776 | 231 | 224 |
Change in Other Net Operating Assets | -238 | 303 | -484 | -520 | -336 | 271 |
Operating Cash Flow | 15,959 | 5,826 | 6,683 | 9,229 | 12,574 | 5,859 |
Operating Cash Flow Growth | 229.80% | -12.82% | -27.59% | -26.60% | 114.61% | 518.04% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -881 | -796 | -907 | -911 | -1,681 | -1,665 |
Sale of Property, Plant & Equipment | - | - | - | - | 32 | 270 |
Investment in Securities | 1 | - | 52 | 38 | -96 | -9 |
Other Investing Activities | -719 | -1,049 | -1,126 | -992 | -1,060 | -755 |
Investing Cash Flow | -1,599 | -1,845 | -1,981 | -1,865 | -2,805 | -2,159 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
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) | -62 | -94 | -648 | -262 | -2,810 | -1,207 |
Repurchase of Common Stock | -7,287 | -2,626 | -2,924 | -5,136 | -4,577 | -27 |
Common Dividends Paid | -1,403 | -1,405 | -1,384 | -1,452 | -1,562 | -1,602 |
Other Financing Activities | -434 | -57 | -93 | -91 | 100 | -10 |
Financing Cash Flow | -9,186 | -4,182 | -5,049 | -6,941 | -8,849 | -2,846 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -94 | 237 | -248 | 139 | -180 | -45 |
Net Cash Flow | 5,080 | 36 | -595 | 562 | 740 | 809 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 15,078 | 5,030 | 5,776 | 8,318 | 10,893 | 4,194 |
Free Cash Flow Growth | 280.76% | -12.92% | -30.56% | -23.64% | 159.73% | - |
Free Cash Flow Margin | 10.29% | 4.34% | 4.66% | 5.98% | 6.36% | 3.87% |
Free Cash Flow Per Share | 51.16 | 16.28 | 17.94 | 23.56 | 27.51 | 10.30 |
Levered Free Cash Flow | 12,579 | 3,720 | 5,078 | 6,470 | 8,911 | 4,280 |
Unlevered Free Cash Flow | 12,934 | 4,067 | 5,425 | 6,840 | 9,262 | 4,657 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 549 | 533 | 556 | 562 | 570 | 598 |
Cash Income Tax Paid | 2,181 | 699 | 843 | 3,494 | 3,288 | -842 |
Change in Working Capital | -621 | -363 | 216 | -2,536 | -1,875 | 2,161 |