Valero 2003 Annual Report Download - page 29

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OPERATING RESULTS:
Operating Revenues $ 37,969 $ 29,048 $ 14,988 $ 14,671 $ 7,961
Operating Income $ 1,222 $ 471 $ 1,001 $ 611 $ 72
Net Income $ 622 $ 92 $ 564 $ 339 $ 14
Earnings per Common Share $ 5.37 $ 0.86 $ 9.28 $ 5.79 $ 0.25
Earnings per Common Share—
Assuming Dilution $ 5.09 $ 0.83 $ 8.83 $ 5.60 $ 0.25
FINANCIAL POSITION AS OF DECEMBER 31:
Current Assets $ 3,817 $ 3,536 $ 4,136 $ 1,285 $ 823
Property, Plant and Equipment, Net 8,195 7,412 7,217 2,677 1,914
Goodwill 2,402 2,580 2,211 — —
Intangible Assets, Deferred Charges
and Other Assets, Net 1,250 937 836 346 242
Total Assets $ 15,664 $ 14,465 $ 14,400 $ 4,308 $ 2,979
Current Liabilities $ 3,064 $ 3,006 $ 4,753 $ 1,039 $ 719
Long-Term Debt and Capital Lease Obligations,
Less Current Portion 4,245 4,494 2,805 1,042 786
Deferred Income Tax Liabilities 1,605 1,241 1,388 407 275
Other Long-Term Liabilities 1,015 927 763 120 114
Company-Obligated Preferred
Securities of Subsidiary Trusts —373 373 173 —
Minority Interest in Valero L.P. —116 115 — —
Stockholders’ Equity 5,735 4,308 4,203 1,527 1,085
Total Liabilities and Stockholders’ Equity $ 15,664 $ 14,465 $ 14,400 $ 4,308 $ 2,979
(millions of dollars, except per share amounts)
2003(a) 2002(b) 2001(c) 2000(d) 1999
YEAR ENDED DECEMBER 31,
condensed consolidated five-year financial & statistical review
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