Valero Energy Corporation

NYSE-VLO

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	1,434	761	1,024	3,006	3,867	6,137
Net Income
Depreciation & Amortization	3,039	2,888	2,770	2,774	2,766	2,763
Depreciation and Amortization Expense
Other Adjustments	-297	-246	-342	-87	-7	-156
Loss on Early Redemption and Retirement of Debt, Net
LCM Inventory Valuation Adjustment
Asset Impairment Loss
Gain on Sale of Assets
Deferred Income Tax Benefit
Changes in Other Operating Activities	-385	-198	1,289	990	226	121
Changes in Current Assets and Current Liabilities
Changes in Deferred Charges and Credits and Other Operating Activities, Net
Cash from Operating Activities	4,839	4,253	5,789	6,683	6,852	8,865
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-2,022	-2,042	-2,055	-2,057	-2,050	-2,015
Capital Expenditures
Capital Expenditures (Excluding VIEs)
Diamond Green Diesel Holdings LLC
Other VIEs
Deferred Turnaround and Catalyst Cost Expenditures (Excluding VIEs)
Deferred Turnaround and Catalyst Cost Expenditures of DGD
Capital Expenditures of Certain Variable Interest Entities
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—
Proceeds from Sale of Assets
Purchases of Investments	-30	-27	-23	-29	-56	64
Purchases of Available-for-Sale Debt Securities
Investments in Nonconsolidated Joint Ventures
Proceeds from Sale of Investments	26	29	57	81	173	131
Proceeds from Sales and Maturities of AFS Debt Securities
Payments for Business Acquisitions	—	—	—	—	—	—
Peru Acquisition, Net of Cash Acquired
Acquisition of Ethanol Plants
Acquisitions of Undivided Interests
Minor Acquisitions
Other Investing Activities	57	42	43	24	13	4
Other Investing Activities, Net
Cash from Investing Activities	-1,970	-1,999	-1,979	-1,981	-1,920	-1,816
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	7,659	9,139	8,348	7,137	5,789	3,889
Proceeds from Debt Issuance and Borrowings (Excluding VIEs)
Proceeds from Borrowings of VIEs
DGD
Other VIEs
Repayments of Long-Term Debt	-7,618	-9,011	-8,153	-7,785	-6,100	-4,172
Repayments of Debt and Finance Lease Obligations
Repayments of Debt of VIEs
DGD
Other VIEs
Premiums Paid on Early Retirement of Debt
Net Issuance / (Repayments) of Long-Term Debt	41	128	195	-648	-311	-283
Issuance of Common Shares	—	—	—	—	—	—
Proceeds from the Exercise of Stock Options
Repurchases of Common Shares	-1,793	-1,431	-2,126	-2,924	-3,572	-4,799
Purchases of Common Stock for Treasury
Payment of Excise Tax on Purchases of Common Stock for Treasury
Net Issuance / (Repurchases) of Common Shares	-1,793	-1,431	-2,126	-2,924	-3,572	-4,799
Common Share Dividends Paid	-1,400	-1,391	-1,384	-1,384	-1,391	-1,409
Common Stock Dividend Payments
Other Financing Activities	-10.5	-321.5	-311	-93	-144.5	151
Proceeds from Issuance of Valero Energy Partners LP Common Units
Distributions to Noncontrolling Interests (Public Unitholders) of Valero Energy Partners LP
Distributions to Other Noncontrolling Interests
Acquisition of VLP Publicly Held Common Units
Contributions from Noncontrolling Interests
Distributions to Noncontrolling Interests
Other Financing Activities, Net
Cash from Financing Activities	-3,214	-3,089	-3,787	-5,049	-5,561	-6,612
Net Cash Provided by Financing Activities