Valero 2004 Annual Report Download - page 28

Download and view the complete annual report

Please find page 28 of the 2004 Valero annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 32

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32

2 6
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
2 6
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
CONDENSED฀CONSOLIDATED฀5-YR฀FINANCIAL฀&฀STATISTICAL฀REVIEW
OPERATING฀RESULTS฀FOR฀YEAR฀฀
ENDED฀DECEMBER฀31:
Operating฀Revenues฀ $฀ 54,619฀ $฀ 37,969฀ $฀ 29,048฀ $฀ 14,988฀ $฀ 14,671
Operating฀Income฀ $฀ 2,979฀ $฀ 1,222฀ $฀ 471฀฀ $฀ 1,001฀฀฀ $฀ 611
Net฀Income฀ $฀ 1,804฀ $฀ 622฀ $฀ 92฀฀ $฀ 564฀ $฀ 339
Earnings฀per฀Common฀Share฀(f)฀฀ $฀ 7.02฀ $฀ 2.69฀ $฀ 0.43฀ $฀ 4.64฀ $฀ 2.90
Earnings฀per฀Common฀Share—฀฀
฀ Assuming฀Dilution฀(f)฀฀ $฀ 6.53฀ $฀ 2.55฀ $฀ 0.42฀ $฀ 4.42฀ $฀ 2.80
FINANCIAL฀POSITION฀AS฀OF฀DECEMBER฀31:
Current฀Assets฀฀ $฀ 5,264฀ $฀ 3,817฀ $฀ 3,536฀ $฀ 4,136฀฀ $฀ 1,285
Property,฀Plant฀and฀Equipment,฀Net฀฀ ฀ 10,317฀ ฀ 8,195฀ ฀ 7,412฀ ฀ 7,217฀ ฀ 2,677
Goodwill฀฀ ฀ 2,401฀ ฀ 2,402฀ ฀ 2,580฀ ฀ 2,211฀ ฀ —
Intangible฀Assets,฀Deferred฀Charges฀
฀ and฀Other฀Assets,฀Net฀฀ ฀ 1,410฀ ฀ 1,250฀ ฀ 937฀ ฀ 836฀ ฀ 346
Total฀Assets฀฀ $฀ 19,392฀ $฀ 15,664฀ $฀ 14,465฀ $฀ 14,400฀ $฀ 4,308
Current฀Liabilities฀ $฀ 4,534฀ $฀ 3,064฀ $฀ 3,006฀ $฀ 4,753฀฀ $฀ 1,039
Long-Term฀Debt฀and฀Capital฀Lease฀Obligations,฀
฀ Less฀Current฀Portions฀ ฀ 3,901฀ ฀ 4,245฀ ฀ 4,494฀ ฀ 2,805฀ ฀ 1,042
Deferred฀Income฀Taxes฀฀ ฀ 2,011฀ ฀ 1,605฀ ฀ 1,241฀ ฀ 1,388฀ ฀ 407
Other฀Long-Term฀Liabilities฀ ฀ 1,148฀ ฀ 1,015฀ ฀ 927฀ ฀ 763฀ ฀ 120
Company-Obligated฀Preferred฀฀
฀ Securities฀of฀Subsidiary฀Trusts฀ ฀ —฀ ฀ —฀ ฀ 373฀ ฀ 373฀ ฀ 173
Minority฀Interest฀in฀Valero฀L.P.฀ ฀ —฀ ฀ —฀ ฀ 116฀ ฀ 115฀ ฀ —
Stockholders’฀Equity฀ ฀ 7,798฀ ฀ 5,735฀ ฀ 4,308฀ ฀ 4,203฀ ฀ 1,527
Total฀Liabilities฀and฀Stockholders’฀Equity฀ $฀ 19,392฀ $฀ 15,664฀ $฀ 14,465฀ $฀ 14,400฀฀ $฀ 4,308
(millions฀of฀dollars,฀except฀per฀share฀and฀per฀barrel฀amounts)
฀ 2004(a)฀ 2003(b)฀ 2002(c)฀ 2001(d)฀ 2000(e)