On Oct. 31, Valero Energy
- Excluding special charges, Valero earned $2.42 per share.
- Gross margins and operating margins improved, generating strong profit growth.
- Management approved a $2 billion repurchase plan.
- Valero has a four-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$20,249 |
$24,319 |
$23,283 |
4.4% |
|
Net Profit |
-- |
$1,603 |
$866 |
85.1% |
|
EPS |
$2.30 |
$2.55 |
$1.47 |
73.5% |
|
Diluted Shares |
-- |
628 |
587 |
7.0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
16.04% |
11.36% |
4.68 |
|
Operating Margin |
9.59% |
5.63% |
3.96 |
|
Net Margin |
6.59% |
3.70% |
2.89 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $1,029 | $737 | 39.6% |
Accounts Rec. | No Data | No Data | No Data |
Inventory | No Data | No Data | No Data |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | No Data | No Data | No Data |
Long-Term Debt | $5,136 | $6,109 | (15.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Not provided. (Boooo!)
Find out why Fools always follow the money.
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