Valero 2005 Annual Report Download - page 30

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28 VA L E R O E N E R G Y C O R P OR A T I O N
OPERATING RESULTS FOR YEAR
ENDED DECEMBER 31:
Operating Revenues $ 82,162 $ 54,619 $ 37,969 $ 29,048 $ 14,988
Operating Income $ 5,459 $ 2,979 $ 1,222 $ 471 $ 1,001
Net Income $ 3,590 $ 1,804 $ 622 $ 92 $ 564
Earnings per Common Share (f) $ 6.51 $ 3.51 $ 1.34 $ 0.22 $ 2.32
Earnings per Common Share—
Assuming Dilution (f) $ 6.10 $ 3.27 $ 1.27 $ 0.21 $ 2.21
FINANCIAL POSITION AS OF DECEMBER 31:
Current Assets $ 8,276 $ 5,264 $ 3,817 $ 3,536 $ 4,136
Property, Plant and Equipment, Net 17,856 10,317 8,195 7,412 7,217
Goodwill 4,926 2,401 2,402 2,580 2,211
Intangible Assets, Deferred Charges
and Other Assets, Net 1,670 1,410 1,250 937 836
Total Assets $ 32,728 $ 19,392 $ 15,664 $ 14,465 $ 14,400
Current Liabilities $ 7,305 $ 4,534 $ 3,064 $ 3,006 $ 4,753
Long-Term Debt and Capital Lease Obligations,
Less Current Portions 5,156 3,901 4,245 4,494 2,805
Deferred Income Taxes 3,615 2,011 1,605 1,241 1,388
Other Long-Term Liabilities 1,602 1,148 1,015 927 763
Company-Obligated Preferred
Securities of Subsidiary Trusts –– — — 373 373
Minority Interest in Valero L.P. –– — — 116 115
Stockholders’ Equity 15,050 7,798 5,735 4,308 4,203
Total Liabilities and Stockholders’ Equity $ 32,728 $ 19,392 $ 15,664 $ 14,465 $ 14,400
(millions of dollars, except per share and per barrel amounts)
2005(a) 2004(b) 2003(c) 2002(d) 2001(e)
CONDENSED CONSOLIDATED 5-YR FINANCIAL & STATISTICAL REVIEW