Valero Energy Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.35B | $2.77B | $8.84B | $11.53B | $930.0M | $-1.42B | $2.42B | $3.12B |
| Depreciation & Amortization | $3.16B | $2.77B | $2.70B | $2.47B | $2.41B | $2.35B | $2.26B | $2.07B |
| Depreciation | $2.30B | $1.90B | $1.90B | $1.70B | $1.70B | $1.60B | $1.50B | $1.40B |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $117.0M | $100.0M | $107.0M | $103.0M | $88.0M | $80.0M | $89.0M | $86.0M |
| Net Cash from Operating Activities | $5.83B | $6.68B | $9.23B | $12.57B | $5.86B | $948.0M | $5.53B | $4.37B |
| Investing Activities | ||||||||
| Capital Expenditures | — | $2.06B | $1.92B | $2.74B | $2.46B | $2.44B | $2.85B | $3.38B |
| Business Acquisitions | — | — | — | — | — | $0 | $0 | $468.0M |
| Net Cash from Investing Activities | $-1.85B | $-1.98B | $-1.87B | $-2.81B | $-2.16B | $-2.43B | $-3.00B | $-3.93B |
| Financing Activities | ||||||||
| Dividends Paid | $1.41B | $1.38B | $1.45B | $1.56B | $1.60B | $1.60B | $1.49B | $1.37B |
| Stock Repurchases | $2.60B | $2.88B | $5.14B | $4.58B | $27.0M | $156.0M | $777.0M | $1.71B |
| Net Cash from Financing Activities | $-4.18B | $-5.05B | $-6.94B | $-8.85B | $-2.85B | $2.08B | $-3.00B | $-3.17B |
| Net Change in Cash | $36.0M | $-595.0M | $562.0M | $740.0M | $809.0M | $730.0M | $-399.0M | $-2.87B |
| Free Cash Flow | — | $4.63B | $7.31B | $9.84B | $3.40B | $-1.49B | $2.69B | $995.0M |