Summary
This Form 8-K/A filing from Valero Energy Corporation (VLO) serves as an amendment to a previous 8-K, providing crucial financial disclosures related to its acquisition of Premcor Inc. The primary purpose of this filing is to furnish the required financial statements of the acquired business (Premcor) and pro forma combined financial information. Investors should view this as a follow-up to the initial acquisition announcement, offering the detailed financial data necessary to assess the impact of the Premcor transaction on Valero's financial standing and future performance. The filing includes comprehensive audited and condensed financial statements for Premcor Inc. and its subsidiaries for various periods, including year-end 2004 and 2003, as well as interim periods ending June 30, 2005. Additionally, unaudited pro forma combined financial statements are presented, illustrating how Valero's and Premcor's financials would have looked if combined. This information is vital for understanding the scale and financial health of the acquired entity and for modeling the combined company's potential.
Key Highlights
- 1Valero Energy Corporation (VLO) is filing an amendment to a prior 8-K to provide required financial information following the acquisition of Premcor Inc.
- 2The filing includes detailed audited financial statements for Premcor Inc. and its subsidiaries for fiscal years 2004, 2003, and 2002.
- 3Interim condensed financial statements for Premcor are provided for periods ending June 30, 2005, and December 31, 2004.
- 4Unaudited pro forma combined financial statements are presented for the six months ended June 30, 2005, and the year ended December 31, 2004.
- 5The filing contains the necessary consents from Deloitte & Touche LLP, the independent registered public accounting firm for Premcor.
- 6This amendment is critical for investors to fully evaluate the financial implications and integration of the Premcor acquisition.