8-K/AOther Events

VALERO ENERGY CORP/TX 8-K/A Report (Mar 18, 2002)

Filed March 18, 2002For Securities:VLO

Summary

Valero Energy Corporation (VLO) has filed an amendment to its Form 8-K, originally dated December 31, 2001, to include crucial financial information following its merger with Ultramar Diamond Shamrock Corporation (UDS). This amendment, filed on March 17, 2002, provides investors with the audited consolidated financial statements of UDS for the years ended December 31, 2001, 2000, and 1999, as well as pro forma combined financial information for Valero for the year ended December 31, 2001. These filings are essential for understanding the financial impact and combined performance of the newly merged entity. Investors can now review the historical financial health of the acquired company, UDS, and assess the projected combined financial picture of Valero post-merger. This information is critical for evaluating the strategic rationale and potential future performance of Valero Energy Corporation.

Key Highlights

  • 1Amendment to Form 8-K provides audited financial statements of the acquired Ultramar Diamond Shamrock Corporation (UDS).
  • 2Includes UDS consolidated financial statements for years ended December 31, 2001, 2000, and 1999.
  • 3Presents pro forma combined financial information for Valero Energy Corporation for the year ended December 31, 2001.
  • 4The original Form 8-K reported the December 31, 2001, closing of the merger between Valero and UDS.
  • 5This filing fulfills Item 7 requirements of Form 8-K for financial statements and pro forma information.
  • 6The filing includes a consent of independent public accountants dated March 14, 2002.
  • 7Key exhibits include the merger agreement and the financial statements of the acquired business.

Frequently Asked Questions

This Form 8-K/A filing amends a previous Form 8-K to provide the necessary audited financial statements of the acquired company, Ultramar Diamond Shamrock Corporation (UDS), and pro forma financial information for the combined Valero Energy Corporation, following their merger which closed on December 31, 2001.

The filing includes the audited consolidated financial statements of Ultramar Diamond Shamrock Corporation for the years ended December 31, 2001, 2000, and 1999. This encompasses balance sheets, income statements, statements of stockholders' equity, cash flows, and comprehensive income, along with accompanying notes.

The pro forma financial information presents a hypothetical combined financial picture of Valero Energy Corporation as if the merger with Ultramar Diamond Shamrock Corporation had occurred at the beginning of the reporting period. It is provided for the year ended December 31, 2001, to help investors understand the potential combined financial performance.

The audited consolidated financial statements for Ultramar Diamond Shamrock Corporation are included as Exhibit 99.1, and the pro forma financial information for Valero Energy Corporation is included as Exhibit 99.2 within this Form 8-K/A filing.