Valero 2004 Annual Report Download - page 25
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Va l e r o E n e r g y C o r p or a t i o n
s u m m a r y a n n u a l r e p o r t
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Va l e r o E n e r g y C o r p or a t i o n
s u m m a r y a n n u a l r e p o r t
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Va l e r o E n e r g y C o r p or a t i o n
s u m m a r y a n n u a l r e p o r t
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Va l e r o E n e r g y C o r p or a t i o n
s u m m a r y a n n u a l r e p o r t
REPORTSOFINDEPENDENTREGISTEREDPUBLICACCOUNTINGFIRMS CONDENSEDCONSOLIDATEDBALANCESHEETS
(millionsofdollars)
DECEMBER31, 2004 2003
ASSETS
CurrentAssets $ 5,264 $ 3,817
Property,PlantandEquipment,Net 10,317 8,195
Goodwill 2,401 2,402
IntangibleAssets,DeferredCharges
andOtherAssets,Net 1,410 1,250
TOTALASSETS $ 19,392 $ 15,664
LIABILITIESANDSTOCKHOLDERS’EQUITY
CurrentLiabilities $ 4,534 $ 3,064
Long-TermDebtandCapitalLeaseObligations,
LessCurrentPortions 3,901 4,245
DeferredIncomeTaxes 2,011 1,605
OtherLong-TermLiabilities 1,148 1,015
Stockholders’Equity 7,798 5,735
TOTALLIABILITIESAND
STOCKHOLDERS’EQUITY $ 19,392 $ 15,664