Valero Energy Corp.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $93.98B | $75.66B | $87.80B | $130.84B | $138.07B | $138.29B | $125.99B | $82.23B |
| Refining | $89.89B | $72.02B | $83.73B | $125.80B | $132.60B | $131.88B | $118.63B | $76.71B |
| Renewable Diesel | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Ethanol | $4.64B | $4.08B | $4.50B | $5.56B | $5.99B | $5.48B | $6.01B | $4.01B |
| Retail | $0 | $0 | $0 | $0 | $0 | $13.10B | $12.99B | $10.15B |
| Corporate and Eliminations | $-544.0M | $-435.0M | $-423.0M | $-513.0M | $-530.0M | $-12.17B | $-11.65B | $-8.63B |
| Cost of Revenue | $89.48B | $71.31B | $80.69B | — | — | — | — | — |
| Gross Profit | $4.51B | $4.35B | $7.12B | — | — | — | — | — |
| Gross Margin | 4.8% | 5.7% | 8.1% | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $829.0M | $709.0M | $710.0M | $724.0M | $758.0M | $698.0M | $571.0M | $531.0M |
| Operating Income | $3.56B | $3.53B | $6.36B | $5.90B | $3.96B | $5.04B | $3.68B | $1.88B |
| Operating Margin | 3.8% | 4.7% | 7.2% | 4.5% | 2.9% | 3.6% | 2.9% | 2.3% |
| Interest Expense | $468.0M | $446.0M | $433.0M | $397.0M | $365.0M | $314.0M | $401.0M | $484.0M |
| Pretax Income | $3.21B | $3.18B | $5.97B | $5.55B | $3.98B | $4.74B | $3.32B | $1.50B |
| Income Tax Expense | $-949.0M | $765.0M | $1.87B | $1.78B | $1.25B | $1.63B | $1.23B | $575.0M |
| Net Income | $4.07B | $2.29B | $3.99B | $3.63B | $2.72B | $2.08B | $2.09B | $324.0M |
| Net Margin | 4.3% | 3.0% | 4.5% | 2.8% | 2.0% | 1.5% | 1.7% | 0.4% |
| EPS (Basic) | $9.17 | $4.94 | $8.00 | $6.88 | $4.99 | $3.77 | $3.69 | $0.57 |
| EPS (Diluted) | $9.16 | $4.94 | $7.99 | $6.85 | $4.97 | $3.75 | $3.68 | $0.57 |
| Shares Outstanding (Basic) | 442.0M | 461.0M | 497.0M | 526.0M | 542.0M | 550.0M | 563.0M | 563.0M |
| Shares Outstanding (Diluted) | 444.0M | 464.0M | 500.0M | 530.0M | 548.0M | 556.0M | 569.0M | 568.0M |
| Dividends Per Share | $2.80 | $2.40 | $1.70 | $1.05 | $0.85 | $0.65 | $0.30 | $0.20 |