VALERO ENERGY CORP/TX (VLO) FY2026 Q1 Statement of Cash Flows
2026-01-01 to 2026-03-31
Statement of Cash Flows
2026-01-01 to 2026-03-31
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Chart details
VALERO ENERGY CORP/TX cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026
Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 4,865,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 1,390,000,000 US dollars. Net cash provided.
- Net income (loss)
- 1,322,000,000 US dollars
- Depreciation and amortization expense
- 840,000,000 US dollars
- Asset impairment loss
- 0 US dollars
- Deferred income tax benefit
- negative 397,000,000 US dollars
- Current assets and current liabilities (see Note 11)
- negative 303,000,000 US dollars
- Deferred charges and other assets
- negative 41,000,000 US dollars
- Long-term liabilities
- negative 82,000,000 US dollars
- Other operating activities, net
- 51,000,000 US dollars
- Investing activities
- negative 400,000,000 US dollars. Net cash used.
- Capital expenditures - Excluding Variable Interest Entities (VIEs)
- negative 160,000,000 US dollars
- Capital expenditures - Diamond Green Diesel Holdings LLC (DGD)
- negative 4,000,000 US dollars
- Capital expenditures - Other VIEs
- negative 1,000,000 US dollars
- Deferred turnaround and catalyst cost expenditures - Excluding Variable Interest Entities (VIEs)
- negative 254,000,000 US dollars
- Deferred turnaround and catalyst cost expenditures - Diamond Green Diesel Holdings LLC (DGD)
- negative 29,000,000 US dollars
- Investments in nonconsolidated joint ventures
- 0 US dollars
- Other investing activities, net
- 48,000,000 US dollars
- Financing activities
- 124,000,000 US dollars. Net cash provided.
- Proceeds from debt issuances and borrowings - Excluding Variable Interest Entities (VIEs)
- 2,700,000,000 US dollars
- Proceeds from debt issuances and borrowings - Diamond Green Diesel Holdings LLC (DGD)
- 350,000,000 US dollars
- Repayments of debt and finance lease obligations - Excluding Variable Interest Entities (VIEs)
- negative 1,904,000,000 US dollars
- Repayments of debt and finance lease obligations - Diamond Green Diesel Holdings LLC (DGD)
- negative 257,000,000 US dollars
- Repayments of debt and finance lease obligations - Other VIEs
- negative 14,000,000 US dollars
- Purchases of common stock for treasury
- negative 573,000,000 US dollars
- Common stock dividend payments
- negative 359,000,000 US dollars
- Contributions from noncontrolling interests
- 190,000,000 US dollars
- Distributions to noncontrolling interests
- 0 US dollars
- Other financing activities, net
- negative 9,000,000 US dollars
- Operating adjustment reconciliation
- 891,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 3,240,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 448,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- negative 67,000,000 US dollars
- Ending cash on Mar 31, 2026
- 5,912,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 6,379,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 1,047,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.05×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 1,390,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 160,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 1,230,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $68.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,390,000,000 US dollars minus 160,000,000 US dollars equals 1,230,000,000 US dollars.
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