10-QPeriod: Q2 FY2010

VALERO ENERGY CORP/TX Quarterly Report for Q2 Ended Jun 30, 2010

Filed August 6, 2010For Securities:VLO

Summary

Valero Energy Corp. (VLO) filed its 10-Q for the period ending June 29, 2010, presenting its financial performance and condition during the second quarter of 2010. The filing provides investors with key financial statements, including balance sheets, income statements, and cash flow statements, offering a snapshot of the company's assets, liabilities, revenues, expenses, and cash generation. Investors can assess the company's operational efficiency, profitability, and liquidity through these detailed financial reports. The Management's Discussion and Analysis (MD&A) section is crucial for understanding the drivers behind the reported financial results. This section likely elaborates on factors influencing Valero's revenue, cost of goods sold, operating expenses, and profitability, potentially including discussions on refining margins, product demand, commodity prices, and the impact of economic conditions on its business. Investors should pay close attention to the MD&A for insights into the company's strategic initiatives, operational challenges, and future outlook, as well as any significant market risks faced by the company.

Financial Highlights

44 data points
Beta

Net Income

$583.00M

EPS (Diluted)

$1.03

Total Assets

$36.48B

Cash & Equivalents

$2.00B

Free Cash Flow

$788.00M

Financial Statements
Beta
Operating Expenses$19.66B
Operating Income$904.00M
Interest Expense$138.00M
Net Income$583.00M
EPS (Basic)$0.92
EPS (Diluted)$1.03
Shares Outstanding (Basic)563.00M
Shares Outstanding (Diluted)567.00M

Key Highlights

  • 1The filing includes unaudited consolidated financial statements for the three and six months ended June 29, 2010, compared to the prior year periods.
  • 2Key financial statements provided are the Consolidated Balance Sheets, Statements of Income, Statements of Cash Flows, and Statements of Comprehensive Income.
  • 3Management's Discussion and Analysis (MD&A) is a critical section for understanding the operational and financial performance drivers.
  • 4The report details the company's financial condition as of June 30, 2010, and December 31, 2009.
  • 5Investors can find information on market risks faced by Valero Energy Corp. in Item 3.
  • 6Legal proceedings and risk factors are disclosed in Part II, providing insights into potential liabilities and business uncertainties.

Frequently Asked Questions

The 10-Q filing includes the Consolidated Statements of Income for the three and six months ended June 29, 2010, which detail the company's revenues, costs, and profitability during these periods. Investors would need to refer to the 'Consolidated Statements of Income' within the filing for specific figures on net income, earnings per share, and the components contributing to these results.

The Consolidated Balance Sheets as of June 30, 2010, and December 31, 2009, provide a comparative view of Valero's assets, liabilities, and equity. Investors can analyze changes in working capital, long-term debt, and overall shareholder equity to assess the company's evolving financial health and capital structure.

The 'Management's Discussion and Analysis of Financial Condition and Results of Operations' (Item 2) is the primary section where management explains the factors influencing the company's performance. This typically includes discussions on refining margins, crack spreads, product demand, feedstock costs, refinery utilization rates, and macroeconomic conditions.

Yes, Part II of the filing addresses 'Legal Proceedings' (Item 1) and 'Risk Factors' (Item 1A). Investors should review these sections for information on any ongoing litigation that could materially impact the company's financial position, as well as the inherent risks and uncertainties associated with Valero's business operations, industry, and the broader economic environment.