Valero Historical Income Statement
| VLO Stock | USD 125.07 4.07 3.15% |
Historical analysis of Valero Energy income statement accounts such as Depreciation And Amortization of 2.8 B, Total Revenue of 152 B, Gross Profit of 13.6 B or Other Operating Expenses of 139.6 B can show how well Valero Energy performed in making a profits. Evaluating Valero Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Valero Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Valero Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Valero Energy is a good buy for the upcoming year.
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About Valero Income Statement Analysis
Valero Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Valero Energy shareholders. The income statement also shows Valero investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Valero Energy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Valero Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Valero Energy. It is also known as Valero Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Valero Energy income statement and represents the costs associated with goods and services Valero Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Valero Energy financial statement analysis. It represents the amount of money remaining after all of Valero Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most accounts from Valero Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Valero Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valero Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.At this time, Valero Energy's EBITDA is very stable compared to the past year. As of the 16th of December 2024, Cost Of Revenue is likely to grow to about 138.5 B, while Total Other Income Expense Net is likely to drop (94.5 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 114.0B | 176.4B | 144.8B | 152.0B | Depreciation And Amortization | 2.4B | 2.5B | 2.7B | 2.8B |
Valero Energy income statement Correlations
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Valero Energy Account Relationship Matchups
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Valero Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 104M | 2.4B | 2.4B | 2.5B | 2.7B | 2.8B | |
| Total Revenue | 108.3B | 64.9B | 114.0B | 176.4B | 144.8B | 152.0B | |
| Gross Profit | 4.7B | (788M) | 3.1B | 16.8B | 12.9B | 13.6B | |
| Other Operating Expenses | 104.5B | 66.5B | 111.8B | 160.6B | 132.9B | 139.6B | |
| Operating Income | 3.8B | (1.6B) | 2.1B | 15.7B | 11.9B | 12.5B | |
| Ebit | 3.8B | (1.4B) | 2.1B | 15.9B | 12.0B | 12.6B | |
| Ebitda | 3.9B | 904M | 4.6B | 18.3B | 14.7B | 15.4B | |
| Cost Of Revenue | 103.6B | 65.7B | 110.9B | 159.6B | 131.9B | 138.5B | |
| Total Operating Expenses | 889M | 791M | 952M | 1B | 1.0B | 1.1B | |
| Income Before Tax | 3.5B | (2.0B) | 1.5B | 15.3B | 11.8B | 12.4B | |
| Total Other Income Expense Net | (350M) | (431M) | (587M) | (383M) | (90M) | (94.5M) | |
| Net Income | 2.4B | (1.1B) | 1.3B | 11.5B | 8.8B | 9.3B | |
| Income Tax Expense | 702M | (903M) | 255M | 3.4B | 2.6B | 2.7B | |
| Interest Expense | 454M | 563M | 603M | 562M | 592M | 621.6M | |
| Selling General Administrative | 868M | 756M | 865M | 934M | 998M | 642.4M | |
| Net Income Applicable To Common Shares | 2.4B | (1.4B) | 930M | 11.5B | 13.2B | 13.9B | |
| Minority Interest | 362M | 314M | (358M) | (351M) | (417M) | (396.2M) | |
| Net Income From Continuing Ops | 2.8B | (1.1B) | 1.3B | 11.9B | 11.2B | 11.7B | |
| Non Operating Income Net Other | 104M | 132M | 16M | 179M | 205.9M | 105.7M | |
| Tax Provision | 702M | (903M) | 255M | 3.4B | 3.3B | 3.5B | |
| Interest Income | 379M | 563M | 603M | 562M | 371M | 524.9M | |
| Net Interest Income | (454M) | (563M) | (603M) | (562M) | (209M) | (219.5M) | |
| Reconciled Depreciation | 2.3B | 2.4B | 47M | 2.5B | 2.6B | 2.2B |
Pair Trading with Valero Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Valero Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Valero Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Valero Stock
| 0.65 | DK | Delek Energy Downward Rally | PairCorr |
The ability to find closely correlated positions to Valero Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Valero Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Valero Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Valero Energy to buy it.
The correlation of Valero Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Valero Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valero Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Valero Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valero Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Oil & Gas Refining & Marketing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Valero Energy. If investors know Valero will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Valero Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Dividend Share 4.23 | Earnings Share 11.36 | Revenue Per Share 393.974 | Quarterly Revenue Growth (0.15) |
The market value of Valero Energy is measured differently than its book value, which is the value of Valero that is recorded on the company's balance sheet. Investors also form their own opinion of Valero Energy's value that differs from its market value or its book value, called intrinsic value, which is Valero Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Valero Energy's market value can be influenced by many factors that don't directly affect Valero Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Valero Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valero Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valero Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.