Valero 2003 Annual Report Download - page 30

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COMMON STOCK DATA:
Dividends per Common Share $ 0.42 $ 0.40 $ 0.34 $ 0.32 $ 0.32
Number of Shares Outstanding,
End of Year (in thousands) 120,266 107,137 104,197 60,838 56,067
Number of Registered Shareholders 6,564 7,174 7,265 5,207 5,479
Total Estimated Beneficial Shareholders 54,000 52,000 50,500 14,000 11,000
Market Price:
High $ 47.08 $ 49.97 $ 52.60 $ 38.63 $ 25.31
Low $ 32.20 $ 23.15 $ 31.50 $ 18.50 $ 16.69
CAPITALIZATION RATIOS (NET OF CASH): (e)
Long-Term Debt and Capital Lease Obligations,
including Current Portion, and Short-Term Debt 40 % 50 % 53 % 40 % 40 %
Stockholders’ Equity and Other 60 % 50 % 47 % 60 % 60 %
OTHER DATA:
Capital Additions (in millions) $ 976 $ 628 $ 394 $ 195 $ 101
Number of Employees (end of year) 19,741 19,878 22,355 3,129 2,511
OPERATING STATISTICS:
Throughput Volumes (mbbls per day) 1,835 1,595 1,001 857 712
Throughput Margin per Barrel $ 5.13 $ 4.02 $ 6.12 $ 5.08 $ 2.90
Operating Costs per Barrel:
Refining Operating Expenses $ 2.47 $ 2.29 $ 2.31 $ 2.18 $ 1.83
Depreciation and Amortization 0.63 0.66 0.63 0.53 0.52
Total Operating Costs per Barrel $ 3.10 $ 2.95 $ 2.94 $ 2.71 $ 2.35
(a) Includes the operations of the St. Charles Refinery beginning July 1, 2003.
(b) Includes the operations of UDS beginning January 1, 2002.
(c) Includes the operations of Huntway and the operations related to the El Paso Corpus Christi Refinery and related refined product
logistics business beginning June 1, 2001. The results of operations, operating statistics and cash flow information exclude the
operations of UDS, while the financial position, common stock data, capitalization ratios and employees include the effect of
UDS, which was acquired by Valero on December 31, 2001.
(d) Includes the operations related to the Benicia Refinery and the California distribution assets beginning May 16, 2000 and the
operations related to the California service stations beginning June 16, 2000.
(e) In determining the 2002, 2001 and 2000 ratios, 20% of the outstanding balance of Valero’s company-obligated preferred securities
of subsidiary trust (PEPS Units) issued in 2000 was deemed to be debt. In addition, for the 2002 and 2001 ratios, 50% of the
$200 million company-obligated preferred securities of subsidiary trust assumed in the UDS Acquisition was deemed to be debt,
and in 2001 the payable to UDS shareholders was included as debt.
2003(a) 2002(b) 2001(c) 2000(d) 1999
YEAR ENDED DECEMBER 31,
27