Valero Energy Corporation

(NYSE:VLO)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	—	1,644,000	1,431,000	2,464,000
Restricted Cash	—	100,000	41,000	31,000
Marketable Securities	—	—	—	—
Accounts Receivable	—	7,721,000	6,009,000	7,691,000
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	—	7,721,000	6,009,000	7,691,000
Raw Materials	—	179,000	176,000	172,000
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	—	4,725,000	4,467,000	4,012,000
Inventories Adjustments and Allowances	—	—	—	—
Inventories	—	4,904,000	4,643,000	4,184,000
Prepaid Expenses	—	160,000	119,000	175,000
Current Deferred Income Taxes	—	388,000	271,000	247,000
Other Current Assets	—	335,000	—	—
Total Current Assets	—	15,252,000	12,514,000	14,792,000
Land and Improvements	—	—	—	577,000
Building and Improvements	—	—	—	782,000
Machinery Furniture and Equipment	—	—	—	—
Construction in Progress	—	—	—	1,255,000
Other Fixed Assets	—	26,768,000	26,289,000	23,173,000
Total Fixed Assets	—	26,768,000	26,289,000	25,787,000
Gross Fixed Assets	—	26,768,000	26,289,000	25,787,000
Accumulated Depreciation and Depletion	—	4,493,000	4,305,000	4,078,000
Net Fixed Assets	—	22,275,000	21,984,000	21,709,000
Intangibles	—	268,000	275,000	290,000
Cost in Excess	—	4,039,000	4,060,000	4,061,000
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	—	1,822,000	1,836,000	1,870,000
Total Non Current Assets	—	28,404,000	28,155,000	27,930,000
Total Assets	—	43,656,000	40,669,000	42,722,000
Liabilities
Current Liabilities
Accounts Payable	—	10,963,000	8,635,000	9,596,000
Notes Payable	—	—	—	—
Short Term Debt	—	212,000	3,000	392,000
Accrued Expenses	—	447,000	490,000	502,000
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	247,000	293,000	293,000
Other Current Liabilities	—	979,000	736,000	1,131,000
Total Current Liabilities	—	12,848,000	10,157,000	11,914,000
Non Current Liabilities
Long Term Debt	—	6,263,000	6,471,000	6,470,000
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	4,085,000	4,008,000	4,021,000
Other Non Current Liabilities	—	1,780,000	1,801,000	1,810,000
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	—	24,976,000	22,437,000	24,215,000
Total Liabilities	—	12,128,000	12,280,000	12,301,000
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	—	18,680,000	18,232,000	18,507,000
Common Par	—	6,000	6,000	6,000
Additional Paid in Capital	—	7,215,000	7,258,000	7,111,000
Cumulative Translation Adjustment	—	—	—	580,000
Retained Earnings	—	17,765,000	17,110,000	16,914,000
Treasury Stock	—	-6,733,000	-6,574,000	-6,097,000
Other Equity Adjustments	—	427,000	432,000	-7,000
Total Capitalization	—	24,943,000	24,703,000	24,977,000
Cash Flow	—	4,672,000	5,956,000	6,610,000
Working Capital	—	2,404,000	2,357,000	2,878,000
Free Cash Flow	—	413,000	-49,000	2,641,000
Invested Capital	—	24,943,000	24,703,000	24,977,000
Total Equity	—	18,680,000	18,232,000	18,507,000
Total Liabilities and Stock Equity	—	43,656,000	40,669,000	42,722,000

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	2,464,000	1,590,000	436,000	863,600
Restricted Cash	31,000	31,000	30,000	24,500
Marketable Securities	—	—	—	—
Accounts Receivable	7,691,000	4,389,000	3,564,000	1,838,700
Loans Receivable	—	—	—	—
Other Receivable	—	32,000	—	—
Receivables	7,691,000	4,421,000	3,564,000	1,838,700
Raw Materials	172,000	167,000	162,000	157,100
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	—	—	—
Other Inventories	4,012,000	4,263,000	3,877,000	2,160,700
Inventories Adjustments and Allowances	—	—	—	—
Inventories	4,184,000	4,430,000	4,039,000	2,317,800
Prepaid Expenses	175,000	145,000	65,000	44,600
Current Deferred Income Taxes	247,000	143,000	142,000	175,200
Other Current Assets	—	—	—	—
Total Current Assets	14,792,000	10,760,000	8,276,000	5,264,400
Land and Improvements	577,000	557,000	461,000	435,900
Building and Improvements	782,000	20,952,000	17,078,000	10,674,400
Machinery Furniture and Equipment	—	—	—	—
Construction in Progress	1,255,000	1,872,000	2,257,000	739,300
Other Fixed Assets	23,173,000	996,000	592,000	446,000
Total Fixed Assets	25,787,000	24,377,000	20,388,000	12,295,600
Gross Fixed Assets	25,787,000	24,377,000	20,388,000	12,295,600
Accumulated Depreciation and Depletion	4,078,000	3,279,000	2,532,000	1,978,200
Net Fixed Assets	21,709,000	21,098,000	17,856,000	10,317,400
Intangibles	290,000	303,000	5,224,000	2,711,900
Cost in Excess	4,061,000	4,211,000	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	1,870,000	1,381,000	1,372,000	1,097,900
Total Non Current Assets	27,930,000	26,993,000	24,452,000	14,127,200
Total Assets	42,722,000	37,753,000	32,728,000	19,391,600
Liabilities
Current Liabilities
Accounts Payable	9,596,000	6,864,000	5,563,000	2,963,400
Notes Payable	—	—	—	—
Short Term Debt	392,000	476,000	222,000	411,600
Accrued Expenses	502,000	510,000	581,000	519,200
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	293,000	363,000	305,000	—
Other Current Liabilities	1,131,000	609,000	634,000	639,300
Total Current Liabilities	11,914,000	8,822,000	7,305,000	4,533,500
Non Current Liabilities
Long Term Debt	6,470,000	4,576,000	5,109,000	3,893,300
Capital Lease Obligations	—	81,000	47,000	7,900
Deferred Income Tax Liabilities	4,021,000	4,047,000	3,615,000	2,011,200
Other Non Current Liabilities	1,810,000	1,622,000	1,602,000	1,147,700
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	24,215,000	19,148,000	17,678,000	11,593,600
Total Liabilities	12,301,000	10,326,000	10,373,000	7,060,100
Shareholders' Equity
Preferred Stock Equity	—	—	68,000	208,100
Common Stock Equity	18,507,000	18,605,000	14,982,000	7,589,900
Common Par	6,000	6,000	6,000	2,600
Additional Paid in Capital	7,111,000	7,779,000	8,164,000	4,357,500
Cumulative Translation Adjustment	580,000	330,000	—	—
Retained Earnings	16,914,000	11,951,000	6,673,000	3,199,600
Treasury Stock	-6,097,000	-1,396,000	-196,000	-198,500
Other Equity Adjustments	-7,000	-65,000	335,000	228,700
Total Capitalization	24,977,000	23,181,000	20,159,000	11,691,300
Cash Flow	6,610,000	6,615,200	4,451,200	2,409,700
Working Capital	2,878,000	1,938,000	971,000	730,900
Free Cash Flow	2,641,000	3,720,000	1,217,000	991,600
Invested Capital	24,977,000	23,262,000	20,206,000	11,699,200
Total Equity	18,507,000	18,605,000	15,050,000	7,798,000
Total Liabilities and Stock Equity	42,722,000	37,753,000	32,728,000	19,391,600