瓦莱罗能源Valero Energy Corp. (VLO) 2008年年度报告「NYSE」.pdf

1、VALERO ENERGY CORPORATION 2008 SUMMARY ANNUAL REPORTThese hands do more than make quality fuels.The expertise of 22,000 pairs of hands means highways expand and connect.Hospitals deliverlife-saving treatments.And a toddler can wear pink tights for her fi rst dance recital.Beyond GasolineValero is a

2、vehicle for progress from plastics to polymers,sulfur to asphalt.In a world thirsty for stability,Valero holds steadfast to its principles.In our communities,the hands and heartfelt action of Valero employees rise each day around North America to make a diff erence.They mend fences.They foster frien

3、dships.They turn a world of steel,heat and pressure into a source of warmth for their communities.Reliability.Effi ciency.Ethics.Integrity.Social responsibility.Commitment to excellence where it matters most.Valero is part of an extraordinary mission that reaches beyond infrastructure and global dem

4、and.Our hands improve people s lives.Financial SummaryMILLIONS OF DOLLARS,EXCEPT PER SHARE AMOUNTS2008As Reported2008Adjusted*2007As ReportedOPERATING REVENUES$119,114$119,114$95,327GOODWILL IMPAIRMENT LOSS$4,069$OPERATING INCOME$563$4,632$6,918NET INCOME(LOSS)$(1,131)$2,879$5,234EARNINGS(LOSS)PER C

5、OMMON SHAREASSUMING DILUTION$(2.16)$5.42$8.88TOTAL ASSETS$34,417$42,722STOCKHOLDERS EQUITY$15,620$18,507CAPITAL EXPENDITURES AND DEFERREDTURNAROUND AND CATALYST COSTS$3,198$2,778*The data in this column exclude the eff ects of our goodwill impairment loss that we recognized in the fourth quarter of

6、2008.The goodwill impairment loss is described in Note 8 of the notes to our consolidated fi nancial statements for the year ended December 31,2008.SUMMARY ANNUAL REPORTThis summary annual report format provides only a fi nancial summary.The company s full,audited fi nancial statements are contained