8-K/AOther Events

VALERO ENERGY CORP/TX 8-K/A Report (Sep 18, 2003)

Filed September 18, 2003For Securities:VLO

Summary

This amendment to Valero Energy Corp.'s (VLO) 8-K filing on September 18, 2003, primarily concerns the financial reporting related to the acquisition of Orion Refining Corporation. Investors should focus on the newly included financial statements of Orion Refining, which provide a detailed look at the acquired entity's balance sheets as of June 30, 2003, and December 31, 2002, along with its operational and cash flow performance for the first six months of 2003 and 2002. The filing also presents unaudited pro forma combined financial information, illustrating how the combined entity (Valero and Orion) would have performed financially. This includes a pro forma balance sheet as of June 30, 2003, and pro forma income statements for the six months ended June 30, 2003, and the full year ended December 31, 2002. This pro forma data is crucial for investors to understand the immediate financial impact and potential future financial picture of Valero post-acquisition.

Key Highlights

  • 1Amendment to 8-K filing for Valero Energy Corp. (VLO) filed on September 18, 2003.
  • 2Includes financial statements for the acquired business, Orion Refining Corporation.
  • 3Presents balance sheets for Orion Refining as of June 30, 2003, and December 31, 2002.
  • 4Provides Orion Refining's statements of operations for Q2 2003 & 2002 and YTD 2003 & 2002.
  • 5Details Orion Refining's statements of cash flows for the first six months of 2003 and 2002.
  • 6Contains unaudited pro forma combined financial information for Valero and Orion Refining.
  • 7Pro forma data includes a balance sheet as of June 30, 2003, and income statements for the six months ended June 30, 2003, and the year ended December 31, 2002.

Frequently Asked Questions

This is an amendment to Valero Energy Corp.'s previous 8-K filing, primarily to provide the required financial statements of the acquired business, Orion Refining Corporation, and pro forma financial information reflecting the impact of this acquisition.

The filing includes balance sheets for Orion Refining as of June 30, 2003, and December 31, 2002, as well as its statements of operations and cash flows for the first six months of 2003 and 2002.

Pro forma financial information shows how Valero Energy's financial statements would have looked if the acquisition of Orion Refining had occurred at an earlier date. This helps investors understand the combined company's financial position and performance more accurately, as if the acquisition had already been integrated.

This filing focuses specifically on the financial disclosures related to the Orion Refining acquisition. For Valero's own standalone financial results, investors would typically refer to its quarterly (10-Q) and annual (10-K) reports filed separately.