Valero Energy Corporation (VLO) quarterly cash flow statement — complete operating, investing & financing history
| Cash from Operations | 1.39B | 2.06B | 1.88B | 936M | 952M | 1.07B | 1.29B | 2.47B | 1.85B | 1.24B | 3.31B | 1.51B |
| Operating CF Margin % | 4.29% | 6.48% | 5.85% | 3.13% | 3.15% | 3.48% | 3.94% | 7.17% | 5.81% | 3.5% | 8.61% | 4.38% |
| Operating CF Growth % | 46.01% | 92.24% | 45.25% | -62.14% | -48.43% | -13.64% | -60.85% | 63.49% | -41.77% | -69.75% | 61.76% | -74.13% |
| Net Income | 1.32B | 1.17B | 1.07B | 663M | -652M | 357M | 363M | 877M | 1.24B | 1.2B | 2.66B | 2.12B |
| Depreciation & Amortization | 840M | 817M | 836M | 814M | 691M | 698M | 685M | 696M | 695M | 690M | 682M | 669M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -397M | 91M | -29M | 65M | -324M | -9M | 22M | -31M | -69M | 71M | -127M | 105M |
| Other Non-Cash Items | -72M | -126M | 0 | -500M | 1.13B | 0 | 30M | 49M | 88M | 19M | 0 | -190M |
| Working Capital Changes | -303M | 106M | 8M | -106M | 106M | 24M | 195M | 881M | -110M | -740M | 90M | -1.19B |
| Change in Receivables | -3.71B | -457M | 731M | 457M | -457M | 180M | 2.18B | -1.06B | 257M | 322M | -1.93B | -1.16B |
| Change in Inventory | -16M | 693M | 111M | -693M | 693M | -860M | 1.08B | -147M | -356M | 36M | -647M | 568M |
| Change in Payables | 3.31B | -42M | -825M | 42M | -42M | 651M | -3.1B | 2.15B | -130M | -825M | 2.56B | 360M |
| Cash from Investing | -400M | -419M | -379M | -412M | -635M | -544M | -408M | -392M | -547M | -483M | -304M | -529M |
| Capital Expenditures | -160M | -249M | -177M | 249M | -249M | -303M | -210M | -420M | -661M | -540M | -220M | -170M |
| CapEx % of Revenue | 0.49% | 0.78% | 0.55% | 0.83% | 0.82% | 0.99% | 0.64% | 1.22% | 2.08% | 1.52% | 0.57% | 0.49% |
| Acquisitions | 0 | -1M | 0 | 1M | -1M | 0 | 0 | 0 | 90M | 0 | 220M | 170M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -240M | -166M | -204M | -662M | -389M | -231M | -206M | -4M | 2M | 2M | -390M | -455M |
| Cash from Financing | 124M | -1.75B | -1.2B | -849M | -382M | -784M | -1.07B | -1.55B | -1.73B | -1.3B | -2.13B | -1.52B |
| Debt Issued (Net) | 1.48B | -180M | -73M | -224M | 383M | -68M | -60M | -165M | -355M | 6M | 81M | -112M |
| Equity Issued (Net) | -573M | -1.06B | -922M | -366M | -274M | -259M | -560M | -1.03B | -1.02B | -956M | -1.79B | -942M |
| Dividends Paid | -359M | -344M | -351M | -354M | -356M | -339M | -342M | -347M | -356M | -346M | -360M | -367M |
| Share Repurchases | -573M | -1.06B | -922M | -366M | -274M | -259M | -560M | -1.03B | -1.02B | -956M | -1.79B | -942M |
| Other Financing | -419M | -164M | 147M | 95M | -135M | -118M | -112M | -2M | 0 | 0 | -59M | -101M |
| Net Change in Cash | 1.05B | -76M | 229M | -95M | -22M | -525M | -60M | 497M | -507M | -407M | 756M | -446M |
| Free Cash Flow | 1.23B | 1.81B | 1.7B | 1.19B | 703M | 767M | 1.08B | 2.05B | 1.19B | 699M | 3.09B | 1.34B |
| FCF Margin % | 3.8% | 5.7% | 5.3% | 3.96% | 2.32% | 2.49% | 3.3% | 5.95% | 3.73% | 1.97% | 8.04% | 3.89% |
| FCF Growth % | 74.96% | 135.72% | 57.05% | -42.25% | -40.68% | 9.73% | -64.86% | 52.91% | -59.21% | -81% | 95.2% | -75.28% |
| FCF per Share | 4.13 | 5.97 | 5.51 | 3.80 | 2.24 | 2.43 | 3.41 | 6.33 | 3.58 | 2.07 | 8.85 | 3.75 |
| FCF Conversion (FCF/Net Income) | 1.10x | 1.81x | 1.72x | 1.31x | -1.60x | 3.81x | 3.56x | 2.81x | 1.48x | 1.03x | 1.26x | 0.78x |
| Interest Paid | 0 | 0 | 99M | 179M | 84M | 182M | 91M | 183M | 100M | 190M | 99M | 191M |
| Taxes Paid | 0 | 0 | 115M | 248M | 35M | -835M | 176M | 556M | 103M | 396M | 688M | 1.79B |