Stock Analysis on Net

Valero Energy Corp. (NYSE:VLO)

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Valero Energy Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 5,424 5,831 5,075 5,521 4,862 3,969 5,392 2,638 4,122 3,498 3,572 2,254 3,313 4,047 2,319 1,515 2,583 2,137 2,033 2,777
Receivables, net 12,525 12,566 10,888 9,688 11,919 11,581 14,439 13,080 10,378 8,627 9,132 9,014 6,109 5,601 4,152 5,392 8,904 7,994 9,050 8,289
Inventories 7,583 7,513 6,961 7,455 6,752 6,628 7,147 7,174 6,265 6,227 6,103 5,881 6,038 5,357 5,420 3,675 7,013 6,376 6,281 6,554
Prepaid expenses and other 689 667 771 671 600 518 431 421 400 438 565 442 384 417 871 883 469 526 447 860
Current assets 26,221 26,577 23,695 23,335 24,133 22,696 27,409 23,313 21,165 18,790 19,372 17,591 15,844 15,422 12,762 11,465 18,969 17,033 17,811 18,480
Property, plant, and equipment, at cost 51,668 51,208 51,125 50,828 50,576 49,638 49,602 49,488 49,072 48,235 47,852 47,370 46,967 46,857 46,335 45,789 44,294 43,539 43,110 42,388
Accumulated depreciation (21,459) (20,955) (20,555) (20,048) (19,598) (19,130) (18,848) (18,612) (18,225) (17,795) (17,391) (16,991) (16,578) (16,128) (15,682) (15,263) (15,030) (14,649) (14,326) (13,980)
Property, plant, and equipment, net 30,209 30,253 30,570 30,780 30,978 30,508 30,754 30,876 30,847 30,440 30,461 30,379 30,389 30,729 30,653 30,526 29,264 28,890 28,784 28,408
Deferred charges and other assets, net 6,626 6,345 6,402 6,062 5,871 6,125 6,182 6,213 5,876 5,461 5,623 5,644 5,541 5,581 5,684 5,756 5,631 5,306 5,427 5,207
Noncurrent assets 36,835 36,598 36,972 36,842 36,849 36,633 36,936 37,089 36,723 35,901 36,084 36,023 35,930 36,310 36,337 36,282 34,895 34,196 34,211 33,615
Total assets 63,056 63,175 60,667 60,177 60,982 59,329 64,345 60,402 57,888 54,691 55,456 53,614 51,774 51,732 49,099 47,747 53,864 51,229 52,022 52,095

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Valero Energy Corp. current assets increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
Property, plant, and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Valero Energy Corp. property, plant, and equipment, net decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Valero Energy Corp. noncurrent assets decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Valero Energy Corp. total assets increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Valero Energy Corp. cash and cash equivalents increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Receivables, net The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Valero Energy Corp. receivables, net increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Valero Energy Corp. inventories increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.