Valero 2015 Annual Report Download - page 26

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Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
The selected financial data for the five-year period ended December 31, 2015 was derived from our audited financial statements. The
following table should be read together with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” and with the historical financial statements and accompanying notes included in Item 8, “Financial Statements and
Supplementary Data.”
The following summaries are in millions of dollars, except for per share amounts:
Year Ended December 31,
2015 (a)
2014
2013 (b)
2012
2011 (c)
Operating revenues $ 87,804
$ 130,844
$ 138,074
$ 138,393
$ 120,607
Income from continuing
operations 4,101
3,775
2,722
3,114
2,336
Earnings per common
share from continuing
operations – assuming dilution 7.99
6.97
4.96
5.61
4.11
Dividends per common share 1.70
1.05
0.85
0.65
0.30
Total assets 44,343
45,550
47,260
44,477
42,783
Debt and capital lease
obligations, less current portion 7,250
5,780
6,261
6,463
6,732
_________________________________________________
(a) Includes a noncash lower of cost or market inventory valuation adjustment of $790 million, as described in Note 6 of Notes to Consolidated Financial
Statements.
(b) Includes the operations of our retail business prior to its separation from us on May 1, 2013, as further described in Note 3 of Notes to Consolidated
Financial Statements.
(c) We acquired the Meraux Refinery on October 1, 2011 and the Pembroke Refinery on August 1, 2011. The information presented for 2011 includes the
results of operations from these acquisitions commencing on their respective acquisition dates.
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