10-QPeriod: Q3 FY2009

VALERO ENERGY CORP/TX Quarterly Report for Q3 Ended Sep 30, 2009

Filed November 5, 2009For Securities:VLO

Summary

Valero Energy Corporation (VLO) reported its third-quarter and year-to-date results for 2009, reflecting a challenging operating environment marked by volatile commodity prices and reduced demand. The company's financial performance during this period was significantly impacted by these macroeconomic factors. Investors should note the company's efforts to manage costs and maintain operational efficiency amidst these headwinds. The report also details ongoing legal proceedings and risk factors that could influence future performance. The balance sheet as of September 30, 2009, and December 31, 2008, provides insights into the company's asset base and financial structure. The statements of income and cash flows for the nine months ended September 30, 2009, reveal trends in revenue generation, profitability, and cash conversion. Investors will want to examine the changes in working capital, debt levels, and capital expenditures to assess the company's financial health and its ability to navigate the economic climate.

Financial Highlights

46 data points
Beta

Net Income

-$629.00M

EPS (Diluted)

$-1.12

Total Assets

$36.80B

Cash & Equivalents

$1.60B

Free Cash Flow

$533.00M

Financial Statements
Beta
Operating Expenses$18.81B
Operating Income-$238.00M
Interest Expense$150.00M
Net Income-$629.00M
EPS (Basic)$-1.12
EPS (Diluted)$-1.12
Shares Outstanding (Basic)561.00M
Shares Outstanding (Diluted)561.00M

Key Highlights

  • 1The 10-Q filing covers the period ending September 29, 2009, providing an update on Valero's financial performance for the third quarter and the first nine months of the year.
  • 2Key financial statements, including Consolidated Balance Sheets, Statements of Income, and Statements of Cash Flows, are presented for investor analysis.
  • 3Management's Discussion and Analysis (MD&A) section offers insights into the company's operational performance, financial condition, and strategies.
  • 4The report includes information on market risks and potential impacts on the company's operations and financial results.
  • 5Disclosure of legal proceedings and risk factors provides transparency on potential challenges and liabilities facing Valero.
  • 6Details on unregistered sales of equity securities and use of proceeds, if any, are also part of the filing.
  • 7The filing is structured to provide a comprehensive view of Valero's financial standing and operational environment during a dynamic economic period.

Frequently Asked Questions

The 10-Q filing provides the Consolidated Statements of Income for the three and nine months ended September 30, 2009, and 2008. Investors would need to examine these statements to compare revenue, cost of goods sold, operating income, and net income between these periods to understand the performance trends. The MD&A section would further elaborate on the factors influencing these results.

The Consolidated Balance Sheets as of September 30, 2009, and December 31, 2008, would show changes in Valero's assets (such as cash, inventories, property, plant and equipment), liabilities (like accounts payable, debt), and equity. This allows investors to assess shifts in the company's liquidity, solvency, and overall financial structure.

Item 1A, 'Risk Factors,' in Part II of the 10-Q filing is dedicated to outlining the potential risks and uncertainties that could adversely affect Valero's business, financial condition, or results of operations. These could include risks related to commodity prices, refining margins, environmental regulations, competition, and economic conditions.

Item 1, 'Legal Proceedings,' in Part II of the filing addresses any material pending legal proceedings. Investors should review this section for details on significant lawsuits or regulatory actions that could have a material impact on the company's financial position or operations.