Valero Energy Corporation (VLO) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 27.82B | 23.21B | 23.5B | 23.8B | 23.59B | 23.74B | 23.98B | 27.11B | 25.67B | 26.22B | 26.58B | 23.7B | 23.34B | 24.13B | 22.7B | 27.41B | 23.31B | 21.16B | 18.79B | 19.37B |
| Cash & Short-Term Investments | 5.73B | 4.69B | 4.76B | 4.54B | 4.63B | 4.66B | 5.18B | 5.25B | 4.92B | 5.42B | 5.83B | 5.08B | 5.52B | 4.86B | 3.97B | 5.39B | 2.64B | 4.12B | 3.5B | 3.57B |
| Cash Only | 5.73B | 4.69B | 4.76B | 4.54B | 4.63B | 4.66B | 5.18B | 5.25B | 4.92B | 5.42B | 5.83B | 5.08B | 5.52B | 4.86B | 3.97B | 5.39B | 2.64B | 4.12B | 3.5B | 3.57B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 13.41B | 9.88B | 10.33B | 11.07B | 11.24B | 10.71B | 11.07B | 13.14B | 12.15B | 12.53B | 12.57B | 10.89B | 9.69B | 11.92B | 11.58B | 14.44B | 13.08B | 10.38B | 8.63B | 9.13B |
| Days Sales Outstanding | 32.36 | 29.3 | 30.61 | 33.96 | 32.64 | 32.58 | 33.89 | 33.37 | 35.35 | 32.59 | 28.09 | 27.13 | 26.68 | 25.89 | 26.92 | 24.25 | 27.39 | 24.35 | 27.67 | 29.75 |
| Inventory | 7.56B | 7.59B | 7.39B | 7.54B | 7.12B | 7.76B | 7.05B | 8.03B | 7.91B | 7.58B | 7.51B | 6.96B | 7.46B | 6.75B | 6.63B | 7.15B | 7.17B | 6.26B | 6.23B | 6.1B |
| Days Inventory Outstanding | 23.1 | 24.21 | 22.59 | 23.26 | 22.5 | 22.6 | 21.58 | 21.94 | 23.67 | 20.7 | 19.22 | 20.8 | 19.89 | 16.6 | 15.67 | 14.42 | 16.37 | 16.9 | 19.82 | 20.16 |
| Other Current Assets | 0 | 1.05B | 1.01B | 656M | 599M | 611M | 671M | 696M | 695M | 689M | 667M | 771M | 671M | 600M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 34.32B | 34.78B | 35.11B | 35.63B | 35.59B | 36.41B | 36.41B | 36.5B | 36.9B | 36.84B | 36.6B | 36.97B | 36.84B | 36.85B | 36.63B | 36.94B | 37.09B | 36.72B | 35.9B | 36.08B |
| Property, Plant & Equipment | 27.11B | 28.69B | 27.74B | 28.24B | 28.55B | 30.41B | 29.68B | 29.77B | 30.07B | 31.34B | 30.25B | 30.57B | 30.78B | 32.09B | 30.51B | 30.75B | 30.88B | 32.13B | 30.44B | 30.46B |
| Fixed Asset Turnover | 1.16x | 1.12x | 1.15x | 1.05x | 1.03x | 1.02x | 1.11x | 1.15x | 1.03x | 1.15x | 1.26x | 1.12x | 1.16x | 1.33x | 1.45x | 1.68x | 1.22x | 1.15x | 0.97x | 0.91x |
| Goodwill | 0 | 260M | 0 | 0 | 0 | 260M | 0 | 0 | 0 | 260M | 0 | 0 | 0 | 260M | 0 | 0 | 0 | 260M | 0 | 0 |
| Intangible Assets | 0 | 123M | 0 | 0 | 0 | 151M | 0 | 0 | 0 | 183M | 0 | 0 | 0 | 202M | 0 | 0 | 0 | 218M | 0 | 0 |
| Long-Term Investments | 0 | 684M | 0 | 0 | 0 | 695M | 0 | 0 | 0 | 713M | 0 | 0 | 0 | 724M | 0 | 0 | 0 | 734M | 0 | 0 |
| Other Non-Current Assets | 7.2B | 5.02B | 7.37B | 7.39B | 7.04B | 4.89B | 6.72B | 6.73B | 6.83B | 4.33B | 6.34B | 6.4B | 6.06B | 3.57B | 6.13B | 6.18B | 6.21B | 3.38B | 5.46B | 5.62B |
| Total Assets | 62.14B | 57.99B | 58.62B | 59.43B | 59.18B | 60.14B | 60.38B | 63.62B | 62.57B | 63.06B | 63.17B | 60.67B | 60.18B | 60.98B | 59.33B | 64.34B | 60.4B | 57.89B | 54.69B | 55.46B |
| Asset Turnover | 0.54x | 0.54x | 0.54x | 0.50x | 0.51x | 0.51x | 0.53x | 0.55x | 0.51x | 0.56x | 0.62x | 0.57x | 0.60x | 0.69x | 0.72x | 0.83x | 0.65x | 0.64x | 0.54x | 0.51x |
| Asset Growth % | 5.01% | -3.58% | -2.93% | -6.57% | -5.43% | -4.62% | -4.42% | 4.86% | 3.98% | 3.4% | 6.48% | -5.72% | -0.37% | 5.34% | 8.48% | 16.03% | 12.66% | 11.81% | 5.72% | 12.95% |
| Total Current Liabilities | 17.65B | 14.11B | 14.73B | 14.68B | 15.14B | 15.49B | 15.3B | 18.32B | 16.15B | 16.8B | 17.59B | 14.95B | 15.37B | 17.46B | 17.24B | 21.97B | 19.79B | 16.85B | 14.31B | 14.21B |
| Accounts Payable | 13.4B | 10.14B | 10.69B | 11.5B | 11.98B | 12.09B | 11.52B | 14.56B | 12.46B | 12.57B | 13.34B | 10.82B | 10.5B | 12.73B | 13B | 16.64B | 15.24B | 12.49B | 9.82B | 10.17B |
| Days Payables Outstanding | 35.91 | 33.66 | 33.57 | 37.27 | 36.4 | 36.03 | 37.34 | 37.19 | 38.22 | 35.52 | 32.09 | 30.76 | 32.52 | 31.92 | 33.72 | 32.11 | 33.79 | 30.19 | 32.13 | 32.43 |
| Short-Term Debt | 1.03B | 949M | 894M | 382M | 542M | 743M | 1.02B | 995M | 853M | 1.41B | 1.33B | 1.19B | 1.26B | 1.11B | 1.01B | 1.02B | 1.29B | 1.26B | 1.16B | 1.04B |
| Deferred Revenue (Current) | 0 | 60M | 0 | 0 | 0 | 82M | 0 | 0 | 0 | 40M | 0 | 0 | 0 | 129M | 0 | 0 | 0 | 78M | 0 | 0 |
| Other Current Liabilities | 1.91B | 81M | 0 | 0 | 0 | 118M | 0 | 0 | 0 | 78M | 0 | 0 | 0 | 56M | 0 | 0 | 0 | 76M | 0 | 0 |
| Current Ratio | 1.58x | 1.65x | 1.60x | 1.62x | 1.56x | 1.53x | 1.57x | 1.48x | 1.59x | 1.56x | 1.51x | 1.59x | 1.52x | 1.38x | 1.32x | 1.25x | 1.18x | 1.26x | 1.31x | 1.36x |
| Quick Ratio | 1.15x | 1.11x | 1.09x | 1.11x | 1.09x | 1.03x | 1.11x | 1.04x | 1.10x | 1.11x | 1.08x | 1.12x | 1.03x | 1.00x | 0.93x | 0.92x | 0.82x | 0.88x | 0.88x | 0.93x |
| Cash Conversion Cycle | 19.56 | 19.85 | 19.63 | 19.96 | 18.74 | 19.15 | 18.13 | 18.12 | 20.79 | 17.77 | 15.22 | 17.16 | 14.06 | 10.57 | 8.87 | 6.56 | 9.98 | 11.06 | 15.36 | 17.48 |
| Total Non-Current Liabilities | 17.56B | 17.27B | 17.14B | 17.81B | 17.72B | 17.13B | 17.08B | 17.05B | 17.6B | 17.73B | 17.53B | 17.73B | 17.75B | 18.05B | 18.38B | 19.64B | 20.21B | 21.22B | 21.79B | 22.54B |
| Long-Term Debt | 10.46B | 9.67B | 9.69B | 10.27B | 10.31B | 9.72B | 9.79B | 9.75B | 10.04B | 10.12B | 10.11B | 10.13B | 10.17B | 10.53B | 10.57B | 11.86B | 11.87B | 12.61B | 13.07B | 13.64B |
| Capital Lease Obligations | 0 | 665M | 0 | 0 | 0 | 699M | 0 | 0 | 0 | 753M | 0 | 0 | 0 | 776M | 0 | 0 | 0 | 940M | 0 | 0 |
| Deferred Tax Liabilities | 4.72B | 5.15B | 5.02B | 5.05B | 4.95B | 5.27B | 5.26B | 5.22B | 5.26B | 5.35B | 5.23B | 5.38B | 5.28B | 5.22B | 4.94B | 4.79B | 4.97B | 5.21B | 5.11B | 5.14B |
| Other Non-Current Liabilities | 2.37B | 1.79B | 2.43B | 2.5B | 2.46B | 1.44B | 2.03B | 2.08B | 2.3B | 1.51B | 2.19B | 2.21B | 2.29B | 1.53B | 2.87B | 2.99B | 3.37B | 2.46B | 3.61B | 3.76B |
| Total Liabilities | 35.21B | 31.38B | 31.87B | 32.49B | 32.86B | 32.62B | 32.38B | 35.37B | 33.75B | 34.53B | 35.12B | 32.67B | 33.11B | 35.51B | 35.61B | 41.61B | 39.99B | 38.07B | 36.1B | 36.75B |
| Total Debt | 11.49B | 11.7B | 10.58B | 10.65B | 10.85B | 11.54B | 10.81B | 10.74B | 10.9B | 12.64B | 11.44B | 11.32B | 11.43B | 12.72B | 11.58B | 12.88B | 13.16B | 15.13B | 14.23B | 14.68B |
| Net Debt | 5.76B | 7.01B | 5.82B | 6.11B | 6.22B | 6.88B | 5.62B | 5.5B | 5.98B | 7.21B | 5.61B | 6.25B | 5.91B | 7.86B | 7.61B | 7.49B | 10.52B | 11B | 10.73B | 11.11B |
| Debt / Equity | 0.43x | 0.44x | 0.40x | 0.40x | 0.41x | 0.42x | 0.39x | 0.38x | 0.38x | 0.44x | 0.41x | 0.40x | 0.42x | 0.50x | 0.49x | 0.57x | 0.64x | 0.76x | 0.77x | 0.78x |
| Debt / EBITDA | 4.47x | 5.19x | 4.51x | 5.88x | - | 11.03x | 9.07x | 5.60x | 4.59x | 5.63x | 2.73x | 3.30x | 2.43x | 2.58x | 2.62x | 1.89x | 6.61x | 6.90x | 10.67x | 13.38x |
| Net Debt / EBITDA | 2.24x | 3.11x | 2.48x | 3.37x | - | 6.58x | 4.72x | 2.87x | 2.52x | 3.22x | 1.34x | 1.82x | 1.26x | 1.59x | 1.72x | 1.10x | 5.29x | 5.02x | 8.05x | 10.13x |
| Interest Coverage | 11.42x | 11.96x | 11.47x | 7.68x | -5.69x | 3.39x | 4.47x | 9.59x | 13.02x | 10.57x | 23.68x | 18.82x | 27.86x | 32.02x | 27.51x | 44.03x | 9.41x | 9.41x | 4.96x | 4.07x |
| Total Equity | 26.93B | 26.61B | 26.75B | 26.95B | 26.32B | 27.52B | 28B | 28.25B | 28.82B | 28.52B | 28.06B | 27.99B | 27.07B | 25.47B | 23.71B | 22.73B | 20.41B | 19.82B | 18.59B | 18.7B |
| Equity Growth % | 2.35% | -3.33% | -4.48% | -4.61% | -8.7% | -3.52% | -0.2% | 0.91% | 6.49% | 12% | 18.31% | 23.14% | 32.62% | 28.52% | 27.58% | 21.54% | 8.99% | 0.89% | -7.13% | -9.35% |
| Book Value per Share | 90.38 | 87.81 | 86.56 | 86.37 | 83.81 | 87.09 | 88.05 | 87.19 | 87.08 | 84.39 | 80.39 | 78.20 | 73.35 | 66.85 | 60.81 | 56.27 | 50.02 | 48.57 | 45.56 | 45.96 |
| Total Shareholders' Equity | 23.87B | 23.73B | 23.75B | 24.08B | 23.49B | 24.51B | 25.25B | 25.44B | 26.06B | 26.35B | 25.98B | 25.85B | 24.98B | 23.56B | 21.91B | 20.97B | 18.82B | 18.43B | 17.48B | 17.65B |
| Common Stock | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M | 7M |
| Retained Earnings | 48.86B | 47.96B | 47.17B | 46.42B | 46.06B | 47.02B | 47.07B | 47.05B | 46.52B | 45.63B | 44.77B | 42.51B | 40.94B | 38.25B | 35.51B | 33.08B | 28.79B | 28.28B | 27.67B | 27.61B |
| Treasury Stock | -31.29B | -30.75B | -29.69B | -28.76B | -28.42B | -28.18B | -27.94B | -27.37B | -26.33B | -25.32B | -24.38B | -22.59B | -21.64B | -20.2B | -18.47B | -17.54B | -15.79B | -15.68B | -15.7B | -15.7B |
| Accumulated OCI | -712M | -469M | -708M | -553M | -1.11B | -1.27B | -830M | -1.17B | -1.05B | -870M | -1.32B | -971M | -1.21B | -1.36B | -2B | -1.43B | -1.01B | -1.01B | -1.34B | -1.09B |
| Minority Interest | 3.06B | 2.88B | 2.99B | 2.87B | 2.83B | 3.01B | 2.75B | 2.81B | 2.77B | 2.18B | 2.08B | 2.14B | 2.09B | 1.91B | 1.8B | 1.76B | 1.59B | 1.39B | 1.11B | 1.05B |