XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating revenues $ 34,034 $ 34,662 $ 67,508 $ 69,829
Costs and expenses:        
Cost of sales 31,523 31,621 62,208 64,656
Operating expenses:        
Refining 906 868 1,782 1,832
Retail 57 170 226 336
Ethanol 102 85 179 172
General and administrative expenses 233 171 409 335
Depreciation and amortization expense 405 386 835 770
Asset impairment losses 0 0 0 611
Total costs and expenses 33,226 33,301 65,639 68,712
Operating income 808 1,361 1,869 1,117
Other income (expense), net 11 (5) 25 1
Interest and debt expense, net of capitalized interest (78) (74) (161) (173)
Income before income tax expense 741 1,282 1,733 945
Income tax expense 276 452 616 547
Net income 465 830 1,117 398
Less: Net loss attributable to noncontrolling interests (1) (1) (3) (1)
Net income attributable to Valero Energy Corporation stockholders $ 466 $ 831 $ 1,120 $ 399
Earnings per common share $ 0.86 $ 1.50 $ 2.04 $ 0.72
Weighted-average common shares outstanding (in millions) 543 550 546 550
Earnings per common share – assuming dilution $ 0.85 $ 1.50 $ 2.03 $ 0.72
Weighted-average common shares outstanding - assuming dilution (in millions) 548 555 552 556
Dividends per common share $ 0.20 $ 0.15 $ 0.40 $ 0.30