Valero 2002 Annual Report Download - page 26

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OPERATING RESULTS:
operating revenues $26,976 $14,988 $ 14,671 $ 7,961 $ 5,539
operating income (loss) $471 $1,001 $ 611 $ 72 $ (48)
net income (loss) $92 $564 $ 339 $ 14 $ (47 )
earnings (loss) per common share $0.86 $9.28 $ 5.79 $ 0.25 $ (0.84)
earnings (loss) per common share—
assuming dilution $0.83 $8.83 $ 5.60 $ 0.25 $ (0.84)
FINANCIAL POSITION AS OF DECEMBER 31:
current assets $3,536 $4,136 $ 1,285 $ 823 $ 632
property, plant and equipment, net 7,412 7,217 2,677 1,914 1,886
goodwill 2,580 2,211 ———
intangible assets, deferred charges
and other assets, net 937 836 346 242 208
total assets $14,465 $14,400 $ 4,308 $ 2,979 $ 2,726
current liabilities $3,006 $4,753 $ 1,039 $ 719 $ 498
long-term debt, less current portion 4,494 2,517 1,042 786 822
capital lease obligations —288 — — —
deferred income tax liabilities 1,301 1,388 407 275 211
other long-term liabilities 867 763 120 114 110
company-obligated preferred
securities of subsidiary trusts 373 373 173 — —
minority interest in consolidated partnership 116 115 ———
stockholders’ equity 4,308 4,203 1,527 1,085 1,085
total liabilities and stockholders’ equity $14,465 $14,400 $ 4,308 $ 2,979 $ 2,726
24 FINANCIAL INFORMATION
(millions of dollars, except per share amounts)
2002(a) 2001(b) 2000(c) 1999 1998(d)(e)
CONDENSED CONSOLIDATED
FIVE-YEAR FINANCIAL AND STATISTICAL REVIEW
year ended December 31,