VALERO ENERGY CORP/TX (VLO)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Close Price of Common Stock204.67$162.78$170.25$134.43$132.00$122.60$135.00$156.72$170.80$130.04$141.66$117.35$139.58$126.82$106.87$106.28$101.56$75.10$70.54$78.11$71.58$56.55$43.38$58.90$45.28$93.64$85.31$85.62$84.83$74.83$113.75$110.78$92.75$91.93$76.95$
Market Cap of Common Stock61,201,697,675$49,647,927,711$52,888,459,416$42,104,298,846$41,577,032,508$38,813,348,953$43,251,366,015$51,246,873,144$56,787,909,886$44,272,500,578$50,023,038,116$42,422,206,380$51,803,377,935$48,892,062,116$42,103,610,450$43,372,487,092$41,568,876,663$30,703,554,687$28,838,404,752$31,926,212,687$29,244,931,738$23,058,441,275$17,688,510,546$24,013,447,187$18,534,785,065$38,453,521,824$35,352,757,466$35,724,213,035$35,426,236,932$31,750,985,749$48,614,388,581$47,748,774,246$40,177,097,930$40,224,666,242$33,986,042,338$
QoQ%23.27%(6.13%)25.61%1.27%7.12%(10.26%)(15.60%)(9.76%)28.27%(11.50%)17.92%(18.11%)5.96%16.12%(2.93%)4.34%35.39%6.47%(9.67%)9.17%26.83%30.36%(26.34%)29.56%(51.80%)8.77%(1.04%).84%11.58%(34.69%)1.81%18.85%(.12%)18.36%
YoY%47.20%27.92%22.28%(17.84%)(26.79%)(12.33%)(13.54%)20.80%9.62%(9.45%)18.81%(2.19%)24.62%59.24%46.00%35.85%42.14%33.16%63.04%32.95%57.78%(40.04%)(49.97%)(32.78%)(47.68%)21.11%(27.28%)(25.18%)(11.83%)(21.07%)43.04%
Common Shares Outstanding299,026,226673,000,000310,651,744313,206,121314,977,519673,000,000320,380,489326,996,383332,481,908673,000,000353,132,880361,516,949371,150,836673,000,000393,970,342408,096,416409,303,630673,000,000408,823,430408,760,165408,562,891673,000,000407,757,274407,698,594409,337,126673,000,000673,000,000417,241,451417,614,487673,000,000673,000,000431,023,418433,176,258673,000,000673,000,000447,231,409451,049,519673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000
QoQ%(55.57%)116.64%(.82%)(.56%)(53.20%)110.06%(2.02%)(1.65%)(50.60%)90.58%(2.32%)(2.60%)(44.85%)70.83%(3.46%)(.30%)(39.18%)64.62%.02%.05%(39.29%)65.05%.01%(.40%)(39.18%).00%61.30%(.09%)(37.95%).00%56.14%(.50%)(35.64%).00%50.48%(.85%)(32.98%).00%.00%.00%.00%.00%.00%.00%.00%.00%.00%.00%.00%
YoY%(5.06%).00%(3.04%)(4.22%)(5.27%).00%(9.28%)(9.55%)(10.42%).00%(10.37%)(11.41%)(9.32%).00%(3.63%)(.16%).18%.00%.26%.26%(.19%).00%(39.41%)(2.29%)(1.98%).00%.00%(3.20%)(3.59%).00%.00%(3.62%)(3.96%).00%.00%(33.55%)(32.98%).00%.00%.00%.00%.00%.00%.00%.00%.00%.00%.00%.00%
Price to Sales.50x.40x.43x.34x.32x.30x.32x.37x.41x.31x.33x.27x.30x.28x.25x.28x.32x.27x.30x.39x.46x.36x.23x.27x.17x.35x.32x.32x.31x.27x.42x.44x.41x.43x
Price to Earnings26.18x21.24x35.54x55.47x45.00x14.05x11.75x8.64x8.12x5.03x4.67x3.89x3.80x4.26x4.48x6.15x16.42x33.23x-----22.63x43.92x15.93x15.32x13.99x12.72x10.20x10.72x10.56x9.50x9.90x16.49x
Price to Book2.58x2.09x2.23x1.75x1.77x1.58x1.71x2.01x2.18x1.68x1.93x1.64x2.07x2.08x1.92x2.07x2.21x1.67x1.65x1.81x1.64x1.23x.92x1.21x.98x1.76x1.67x1.67x1.66x1.47x2.22x2.19x1.84x1.83x1.67x
Total Revenue30,372,000,000$32,168,000,000$29,889,000,000$30,258,000,000$30,756,000,000$32,876,000,000$34,490,000,000$31,759,000,000$35,414,000,000$38,404,000,000$34,509,000,000$36,439,000,000$41,746,000,000$44,454,000,000$51,641,000,000$38,542,000,000$35,903,000,000$29,520,000,000$27,748,000,000$20,806,000,000$16,604,000,000$15,809,000,000$10,397,000,000$22,102,000,000$27,879,000,000$27,249,000,000$28,933,000,000$24,263,000,000$28,730,000,000$30,849,000,000$31,015,000,000$26,439,000,000$26,392,000,000$23,562,000,000$22,254,000,000$21,772,000,000$
QoQ%(5.58%)7.63%(1.22%)(1.62%)(6.45%)(4.68%)8.60%(10.32%)(7.79%)11.29%(5.30%)(12.71%)(6.09%)(13.92%)33.99%7.35%21.62%6.39%33.37%25.31%5.03%52.05%(52.96%)(20.72%)2.31%(5.82%)19.25%(15.55%)(6.87%)(.54%)17.31%.18%12.01%5.88%2.21%
YoY%(1.25%)(2.15%)(13.34%)(4.73%)(13.15%)(14.39%)(.06%)(12.84%)(15.17%)(13.61%)(33.18%)(5.46%)16.27%50.59%86.11%85.25%116.23%86.73%166.89%(5.86%)(40.44%)(41.98%)(64.07%)(8.91%)(2.96%)(11.67%)(6.71%)(8.23%)8.86%30.93%39.37%21.44%
TTM122,687,000,000$123,071,000,000$123,779,000,000$128,380,000,000$129,881,000,000$134,539,000,000$140,067,000,000$140,086,000,000$144,766,000,000$151,098,000,000$157,148,000,000$174,280,000,000$176,383,000,000$170,540,000,000$155,606,000,000$131,713,000,000$113,977,000,000$94,678,000,000$80,967,000,000$63,616,000,000$64,912,000,000$76,187,000,000$87,627,000,000$106,163,000,000$108,324,000,000$109,175,000,000$112,775,000,000$114,857,000,000$117,033,000,000$114,695,000,000$107,408,000,000$98,647,000,000$93,980,000,000$
TTM_QoQ%(.31%)(.57%)(3.58%)(1.16%)(3.46%)(3.95%)(.01%)(3.23%)(4.19%)(3.85%)(9.83%)(1.19%)3.43%9.60%18.14%15.56%20.38%16.93%27.28%(2.00%)(14.80%)(13.06%)(17.46%)(2.00%)(.78%)(3.19%)(1.81%)(1.86%)2.04%6.78%8.88%4.97%
TTM_YoY%(5.54%)(8.52%)(11.63%)(8.36%)(10.28%)(10.96%)(10.87%)(19.62%)(17.93%)(11.40%).99%32.32%54.75%80.13%92.18%107.04%75.59%24.27%(7.60%)(40.08%)(40.08%)(30.22%)(22.30%)(7.57%)(7.44%)(4.81%)5.00%16.43%24.53%
Gross Margin6.27%5.51%4.18%1.68%2.05%2.29%4.17%6.24%5.29%9.82%8.64%11.82%11.20%9.05%12.55%4.20%5.32%3.11%2.56%(1.96%)(1.39%)(2.52%)18.98%(9.43%)7.19%4.11%3.88%2.20%5.38%4.70%4.95%4.02%4.21%6.85%4.71%3.36%
QoQ.76%1.33%2.50%(.37%)(.25%)(1.88%)(2.07%).95%(4.53%)1.18%(3.18%).62%2.15%(3.50%)8.35%(1.12%)2.21%.56%4.52%(.58%)1.13%(21.50%)28.41%(16.62%)3.08%.23%1.68%(3.18%).68%(.25%).93%(.19%)(2.64%)2.14%1.35%
YoY4.22%3.22%.01%(4.57%)(3.25%)(7.52%)(4.47%)(5.58%)(5.91%).77%(3.91%)7.62%5.88%5.94%9.99%6.16%6.71%5.63%(16.42%)7.47%(8.57%)(6.63%)15.10%(11.63%)1.80%(.60%)(1.07%)(1.82%)1.18%(2.15%).24%.66%
Operating Income1,575,000,000$1,509,000,000$997,000,000$(900,000,000$)348,000,000$507,000,000$1,221,000,000$1,679,000,000$1,553,000,000$3,503,000,000$2,759,000,000$4,043,000,000$4,295,000,000$3,792,000,000$6,219,000,000$1,384,000,000$1,594,000,000$693,000,000$509,000,000$(666,000,000$)(470,000,000$)(621,000,000$)1,789,000,000$(2,277,000,000$)1,739,000,000$881,000,000$908,000,000$308,000,000$1,299,000,000$1,219,000,000$1,253,000,000$801,000,000$843,000,000$1,332,000,000$860,000,000$528,000,000$620,000,000$892,000,000$1,231,000,000$829,000,000$646,000,000$2,139,000,000$2,078,000,000$1,495,000,000$1,796,000,000$1,670,000,000$1,085,000,000$1,351,000,000$
QoQ%4.37%51.35%210.78%(358.62%)(31.36%)(58.48%)(27.28%)8.11%(55.67%)26.97%(31.76%)(5.87%)13.27%(39.03%)349.35%(13.17%)130.01%36.15%176.43%(41.70%)24.32%(134.71%)178.57%(230.94%)97.39%(2.97%)194.81%(76.29%)6.56%(2.71%)56.43%(4.98%)(36.71%)54.88%62.88%(14.84%)(30.49%)(27.54%)48.49%28.33%(69.80%)2.94%39.00%(16.76%)7.55%53.92%(19.69%)(13.51%)
YoY%352.59%197.63%(18.35%)(153.60%)(77.59%)(85.53%)(55.75%)(58.47%)(63.84%)(7.62%)(55.64%)192.12%169.45%447.19%1,121.81%307.81%439.15%211.59%(71.55%)70.75%(127.03%)(170.49%)97.03%(839.29%)33.87%(27.73%)(27.53%)(61.55%)54.09%(8.48%)45.70%51.71%35.97%49.33%(30.14%)(36.31%)(4.03%)(58.30%)(40.76%)(44.55%)(64.03%)28.08%91.52%10.66%14.98%213.91%34.78%27.69%
TTM3,181,000,000$1,954,000,000$952,000,000$1,176,000,000$3,755,000,000$4,960,000,000$7,956,000,000$9,494,000,000$11,858,000,000$14,600,000,000$14,889,000,000$18,349,000,000$15,690,000,000$12,989,000,000$9,890,000,000$4,180,000,000$2,130,000,000$66,000,000$(1,248,000,000$)32,000,000$(1,579,000,000$)630,000,000$2,132,000,000$1,251,000,000$3,836,000,000$3,396,000,000$3,734,000,000$4,079,000,000$4,572,000,000$4,116,000,000$4,229,000,000$3,836,000,000$3,563,000,000$3,340,000,000$2,900,000,000$3,271,000,000$3,572,000,000$3,598,000,000$4,845,000,000$5,692,000,000$6,358,000,000$7,508,000,000$7,039,000,000$6,046,000,000$5,902,000,000$5,668,000,000$4,530,000,000$4,250,000,000$
TTM_QoQ%62.79%105.25%(19.05%)(68.68%)(24.29%)(37.66%)(16.20%)(19.94%)(18.78%)(1.94%)(18.86%)16.95%20.80%31.34%136.60%96.24%3,127.27%105.29%(4,000.00%)102.03%(350.64%)(70.45%)70.42%(67.39%)12.96%(9.05%)(8.46%)(10.78%)11.08%(2.67%)10.25%7.66%6.68%15.17%(11.34%)(8.43%)(.72%)(25.74%)(14.88%)(10.48%)(15.32%)6.66%16.42%2.44%4.13%25.12%6.59%7.41%
TTM_YoY%(15.29%)(60.61%)(88.03%)(87.61%)(68.33%)(66.03%)(46.57%)(48.26%)(24.42%)12.40%50.55%338.97%636.62%19,580.30%892.47%12,962.50%234.90%(89.52%)(158.54%)(97.44%)(141.16%)(81.45%)(42.90%)(69.33%)(16.10%)(17.49%)(11.71%)6.34%28.32%23.23%45.83%17.27%(.25%)(7.17%)(40.14%)(42.53%)(43.82%)(52.08%)(31.17%)(5.86%)7.73%32.46%55.39%42.26%49.15%42.45%(4.75%)(19.99%)
Operating Margin5.19%4.69%3.34%(2.97%)1.13%1.54%3.54%5.29%4.39%9.12%8.00%11.10%10.29%8.53%12.04%3.59%4.44%2.35%1.83%(3.20%)(2.83%)(3.93%)17.21%(10.30%)6.24%3.23%3.14%1.27%4.52%3.95%4.04%3.03%3.19%5.65%3.86%2.43%
QoQ.50%1.36%6.31%(4.11%)(.41%)(2.00%)(1.75%).90%(4.74%)1.13%(3.10%).81%1.76%(3.51%)8.45%(.85%)2.09%.51%5.04%(.37%)1.10%(21.14%)27.51%(16.54%)3.01%.10%1.87%(3.25%).57%(.09%)1.01%(.16%)(2.46%)1.79%1.44%
YoY4.06%3.15%(.20%)(8.26%)(3.25%)(7.58%)(4.46%)(5.81%)(5.90%).59%(4.05%)7.50%5.85%6.18%10.21%6.79%7.27%6.28%(15.37%)7.10%(9.07%)(7.16%)14.07%(11.57%)1.72%(.72%)(.90%)(1.76%)1.33%(1.70%).18%.61%
Net Income1,169,000,000$1,066,000,000$663,000,000$(652,000,000$)357,000,000$393,000,000$926,000,000$1,330,000,000$1,218,000,000$2,663,000,000$2,122,000,000$3,146,000,000$3,232,000,000$2,912,000,000$4,768,000,000$967,000,000$1,110,000,000$508,000,000$292,000,000$(622,000,000$)(309,000,000$)(379,000,000$)1,335,000,000$(1,754,000,000$)1,330,000,000$639,000,000$648,000,000$167,000,000$1,022,000,000$874,000,000$875,000,000$582,000,000$2,400,000,000$863,000,000$572,000,000$321,000,000$416,000,000$645,000,000$843,000,000$513,000,000$395,000,000$1,373,000,000$1,365,000,000$968,000,000$1,220,000,000$1,062,000,000$593,000,000$836,000,000$
QoQ%9.66%60.78%201.69%(282.63%)(9.16%)(57.56%)(30.38%)9.20%(54.26%)25.50%(32.55%)(2.66%)10.99%(38.93%)393.07%(12.88%)118.50%73.97%146.95%(101.29%)18.47%(128.39%)176.11%(231.88%)108.14%(1.39%)288.02%(83.66%)16.93%(.11%)50.34%(75.75%)178.10%50.87%78.19%(22.84%)(35.50%)(23.49%)64.33%29.87%(71.23%).59%41.01%(20.66%)14.88%79.09%(29.07%)(35.04%)
YoY%227.45%171.25%(28.40%)(149.02%)(70.69%)(85.24%)(56.36%)(57.72%)(62.31%)(8.55%)(55.50%)225.34%191.17%473.23%1,532.88%255.47%459.22%234.04%(78.13%)64.54%(123.23%)(159.31%)106.02%(1,150.30%)30.14%(26.89%)(25.94%)(71.31%)(57.42%)1.28%52.97%81.31%476.92%33.80%(32.15%)(37.43%)5.32%(53.02%)(38.24%)(47.00%)(67.62%)29.28%130.19%15.79%(5.21%)227.78%27.53%28.22%
TTM2,246,000,000$1,434,000,000$761,000,000$1,024,000,000$3,006,000,000$3,867,000,000$6,137,000,000$7,333,000,000$9,149,000,000$11,163,000,000$11,412,000,000$14,058,000,000$11,879,000,000$9,757,000,000$7,353,000,000$2,877,000,000$1,288,000,000$(131,000,000$)(1,018,000,000$)25,000,000$(1,107,000,000$)532,000,000$1,550,000,000$863,000,000$2,784,000,000$2,476,000,000$2,711,000,000$2,938,000,000$3,353,000,000$4,731,000,000$4,720,000,000$4,417,000,000$4,156,000,000$2,172,000,000$1,954,000,000$2,225,000,000$2,417,000,000$2,396,000,000$3,124,000,000$3,646,000,000$4,101,000,000$4,926,000,000$4,615,000,000$3,843,000,000$3,711,000,000$3,778,000,000$3,040,000,000$2,912,000,000$
TTM_QoQ%56.63%88.44%(25.68%)(65.94%)(22.27%)(36.99%)(16.31%)(19.85%)(18.04%)(2.18%)(18.82%)18.34%21.75%32.69%155.58%123.37%1,083.21%87.13%(4,172.00%)102.26%(308.08%)(65.68%)79.61%(69.00%)12.44%(8.67%)(7.73%)(12.38%)(29.13%).23%6.86%6.28%91.34%11.16%(12.18%)(7.94%).88%(23.30%)(14.32%)(11.10%)(16.75%)6.74%20.09%3.56%(1.77%)24.28%4.40%6.75%
TTM_YoY%(25.28%)(62.92%)(87.60%)(86.04%)(67.14%)(65.36%)(46.22%)(47.84%)(22.98%)14.41%55.20%388.63%822.28%7,548.09%822.30%11,408.00%216.35%(124.62%)(165.68%)(97.10%)(139.76%)(78.51%)(42.83%)(70.63%)(16.97%)(47.66%)(42.56%)(33.48%)(19.32%)117.82%141.56%98.52%71.95%(9.35%)(37.45%)(38.97%)(41.06%)(51.36%)(32.31%)(5.13%)10.51%30.39%51.81%31.97%36.03%54.20%8.61%(7.97%)
Profit Margin3.85%3.31%2.22%(2.16%)1.16%1.20%2.69%4.19%3.44%6.93%6.15%8.63%7.74%6.55%9.23%2.51%3.09%1.72%1.05%(2.99%)(1.86%)(2.40%)12.84%(7.94%)4.77%2.35%2.24%.69%3.56%2.83%2.82%2.20%9.09%3.66%2.57%1.47%
QoQ.54%1.10%4.37%(3.32%)(.03%)(1.49%)(1.50%).75%(3.50%).79%(2.49%).89%1.19%(2.68%)6.72%(.58%)1.37%.67%4.04%(1.13%).54%(15.24%)20.78%(12.71%)2.43%.11%1.55%(2.87%).72%.01%.62%(6.89%)5.43%1.09%1.10%
YoY2.69%2.12%(.47%)(6.34%)(2.28%)(5.74%)(3.46%)(4.45%)(4.30%).38%(3.08%)6.13%4.65%4.83%8.18%5.50%4.95%4.12%(11.79%)4.95%(6.63%)(4.74%)10.60%(8.62%)1.21%(.49%)(.58%)(1.51%)(5.54%)(.83%).25%.73%
Equity to Common Shareholders23,725,000,000$23,754,000,000$24,078,000,000$23,490,000,000$24,512,000,000$25,253,000,000$25,443,000,000$26,057,000,000$26,346,000,000$25,975,000,000$25,851,000,000$24,977,000,000$23,561,000,000$21,912,000,000$20,969,000,000$18,821,000,000$18,430,000,000$17,476,000,000$17,651,000,000$17,801,000,000$18,801,000,000$19,223,000,000$19,847,000,000$18,842,000,000$21,803,000,000$21,107,000,000$21,345,000,000$21,309,000,000$21,667,000,000$21,910,000,000$21,769,000,000$21,877,000,000$21,991,000,000$20,370,000,000$19,923,000,000$19,825,000,000$20,024,000,000$20,339,000,000$20,576,000,000$20,656,000,000$20,527,000,000$21,321,000,000$21,453,000,000$20,774,000,000$20,677,000,000$20,554,000,000$20,211,000,000$19,915,000,000$
QoQ(29,000,000$)(324,000,000$)588,000,000$(1,022,000,000$)(741,000,000$)(190,000,000$)(614,000,000$)(289,000,000$)371,000,000$124,000,000$874,000,000$1,416,000,000$1,649,000,000$943,000,000$2,148,000,000$391,000,000$954,000,000$(175,000,000$)(150,000,000$)(1,000,000,000$)(422,000,000$)(624,000,000$)1,005,000,000$(2,961,000,000$)696,000,000$(238,000,000$)36,000,000$(358,000,000$)(243,000,000$)141,000,000$(108,000,000$)(114,000,000$)1,621,000,000$447,000,000$98,000,000$(199,000,000$)(315,000,000$)(237,000,000$)(80,000,000$)129,000,000$(794,000,000$)(132,000,000$)679,000,000$97,000,000$123,000,000$343,000,000$296,000,000$455,000,000$
QoQ%(.12%)(1.35%)2.50%(4.17%)(2.93%)(.75%)(2.36%)(1.10%)1.43%.48%3.50%6.01%7.53%4.50%11.41%2.12%5.46%(.99%)(.84%)(5.32%)(2.20%)(3.14%)5.33%(13.58%)3.30%(1.12%).17%(1.65%)(1.11%).65%(.49%)(.52%)7.96%2.24%.49%(.99%)(1.55%)(1.15%)(.39%).63%(3.72%)(.62%)3.27%.47%.60%1.70%1.49%2.34%
YoY(787,000,000$)(1,499,000,000$)(1,365,000,000$)(2,567,000,000$)(1,834,000,000$)(722,000,000$)(408,000,000$)1,080,000,000$2,785,000,000$4,063,000,000$4,882,000,000$6,156,000,000$5,131,000,000$4,436,000,000$3,318,000,000$1,020,000,000$(371,000,000$)(1,747,000,000$)(2,196,000,000$)(1,041,000,000$)(3,002,000,000$)(1,884,000,000$)(1,498,000,000$)(2,467,000,000$)136,000,000$(803,000,000$)(424,000,000$)(568,000,000$)(324,000,000$)1,540,000,000$1,846,000,000$2,052,000,000$1,967,000,000$31,000,000$(653,000,000$)(831,000,000$)(503,000,000$)(982,000,000$)(877,000,000$)(118,000,000$)(150,000,000$)767,000,000$1,242,000,000$859,000,000$1,217,000,000$2,284,000,000$2,291,000,000$1,572,000,000$
YoY%(3.21%)(5.94%)(5.37%)(9.85%)(6.96%)(2.78%)(1.58%)4.32%11.82%18.54%23.28%32.71%27.84%25.38%18.80%5.73%(1.97%)(9.09%)(11.07%)(5.53%)(13.77%)(8.93%)(7.02%)(11.58%).63%(3.67%)(1.95%)(2.60%)(1.47%)7.56%9.27%10.35%9.82%.15%(3.17%)(4.02%)(2.45%)(4.61%)(4.09%)(.57%)(.73%)3.73%6.15%4.31%6.25%12.50%12.79%8.57%
Dividends Paid582,000,000$351,000,000$356,000,000$485,000,000$408,000,000$453,000,000$347,000,000$356,000,000$346,000,000$423,000,000$367,000,000$379,000,000$376,000,000$476,000,000$399,000,000$401,000,000$401,000,000$400,000,000$401,000,000$400,000,000$400,000,000$480,000,000$400,000,000$401,000,000$382,000,000$372,000,000$376,000,000$375,000,000$391,000,000$341,000,000$345,000,000$345,000,000$344,000,000$320,000,000$321,000,000$324,000,000$279,000,000$284,000,000$289,000,000$289,000,000$246,000,000$204,000,000$207,000,000$211,000,000$147,000,000$149,000,000$136,000,000$134,000,000$
Additional Paid-In Capital QoQ
Treasury Stock24,381,000,000$22,586,000,000$21,637,000,000$20,197,000,000$18,466,000,000$17,537,000,000$15,794,000,000$15,677,000,000$15,696,000,000$15,696,000,000$15,700,000,000$15,719,000,000$15,759,000,000$15,760,000,000$15,764,000,000$15,648,000,000$15,472,000,000$15,170,000,000$14,958,000,000$14,925,000,000$14,334,000,000$13,923,000,000$13,588,000,000$13,315,000,000$12,939,000,000$12,660,000,000$12,310,000,000$12,027,000,000$11,926,000,000$11,417,000,000$11,007,000,000$10,799,000,000$10,095,000,000$9,054,000,000$8,390,000,000$8,125,000,000$7,773,000,000$7,474,000,000$7,168,000,000$
QoQ1,795,000,000$949,000,000$1,440,000,000$1,731,000,000$929,000,000$1,743,000,000$117,000,000$(19,000,000$)0$(4,000,000$)(19,000,000$)(40,000,000$)(1,000,000$)(4,000,000$)116,000,000$176,000,000$302,000,000$212,000,000$33,000,000$591,000,000$411,000,000$335,000,000$273,000,000$376,000,000$279,000,000$350,000,000$283,000,000$101,000,000$509,000,000$410,000,000$208,000,000$704,000,000$1,041,000,000$664,000,000$265,000,000$352,000,000$299,000,000$306,000,000$114,000,000$
Goodwill260,000,000$260,000,000$260,000,000$260,000,000$260,000,000$260,000,000$260,000,000$260,000,000$260,000,000$260,000,000$260,000,000$0$
QoQ%.00%.00%.00%.00%
YoY%.00%.00%.00%.00%.00%.00%.00%.00%
Other Intangible Assets123,000,000$151,000,000$183,000,000$202,000,000$218,000,000$248,000,000$283,000,000$307,000,000$142,000,000$148,000,000$156,000,000$154,000,000$
QoQ
Amortization of Intangible Assets
Total Assets57,988,000,000$58,615,000,000$59,433,000,000$59,177,000,000$60,143,000,000$60,382,000,000$63,615,000,000$62,574,000,000$63,056,000,000$63,175,000,000$60,667,000,000$60,177,000,000$60,982,000,000$59,329,000,000$64,345,000,000$60,402,000,000$57,888,000,000$54,691,000,000$55,456,000,000$53,614,000,000$51,774,000,000$51,732,000,000$49,099,000,000$47,747,000,000$53,864,000,000$51,229,000,000$52,022,000,000$52,095,000,000$50,155,000,000$51,894,000,000$50,678,000,000$49,376,000,000$50,158,000,000$47,988,000,000$45,974,000,000$46,047,000,000$46,173,000,000$46,265,000,000$45,452,000,000$44,259,000,000$44,227,000,000$45,825,000,000$47,599,000,000$45,741,000,000$45,550,000,000$48,455,000,000$47,013,000,000$47,099,000,000$
QoQ(627,000,000$)(818,000,000$)256,000,000$(966,000,000$)(239,000,000$)(3,233,000,000$)1,041,000,000$(482,000,000$)(119,000,000$)2,508,000,000$490,000,000$(805,000,000$)1,653,000,000$(5,016,000,000$)3,943,000,000$2,514,000,000$3,197,000,000$(765,000,000$)1,842,000,000$1,840,000,000$42,000,000$2,633,000,000$1,352,000,000$(6,117,000,000$)2,635,000,000$(793,000,000$)(73,000,000$)1,940,000,000$(1,739,000,000$)1,216,000,000$1,302,000,000$(782,000,000$)2,170,000,000$2,014,000,000$(73,000,000$)(126,000,000$)(92,000,000$)813,000,000$1,193,000,000$32,000,000$(1,598,000,000$)(1,774,000,000$)1,858,000,000$191,000,000$(2,905,000,000$)1,442,000,000$(86,000,000$)(161,000,000$)
YoY(2,155,000,000$)(1,767,000,000$)(4,182,000,000$)(3,397,000,000$)(2,913,000,000$)(2,793,000,000$)2,948,000,000$2,397,000,000$2,074,000,000$3,846,000,000$(3,678,000,000$)(225,000,000$)3,094,000,000$4,638,000,000$8,889,000,000$6,788,000,000$6,114,000,000$2,959,000,000$6,357,000,000$5,867,000,000$(2,090,000,000$)503,000,000$(2,923,000,000$)(4,348,000,000$)3,709,000,000$(665,000,000$)1,344,000,000$2,719,000,000$(3,000,000$)3,906,000,000$4,704,000,000$3,329,000,000$3,985,000,000$1,723,000,000$522,000,000$1,788,000,000$1,946,000,000$440,000,000$(2,147,000,000$)(1,482,000,000$)(1,323,000,000$)(2,630,000,000$)586,000,000$(1,358,000,000$)(1,710,000,000$)2,162,000,000$2,836,000,000$1,598,000,000$
Total Liabilities31,383,000,000$31,869,000,000$32,486,000,000$32,862,000,000$32,622,000,000$32,382,000,000$35,365,000,000$33,750,000,000$34,532,000,000$35,118,000,000$32,673,000,000$33,110,000,000$35,514,000,000$35,614,000,000$41,612,000,000$39,992,000,000$38,071,000,000$36,102,000,000$36,752,000,000$34,887,000,000$32,132,000,000$31,716,000,000$28,465,000,000$28,062,000,000$31,328,000,000$29,641,000,000$30,185,000,000$30,316,000,000$27,424,000,000$28,934,000,000$27,874,000,000$26,451,000,000$27,258,000,000$26,764,000,000$25,209,000,000$25,396,000,000$25,319,000,000$25,135,000,000$24,048,000,000$22,764,000,000$22,873,000,000$23,957,000,000$25,593,000,000$24,399,000,000$24,306,000,000$27,393,000,000$26,293,000,000$26,691,000,000$
QoQ(486,000,000$)(617,000,000$)(376,000,000$)240,000,000$240,000,000$(2,983,000,000$)1,615,000,000$(782,000,000$)(586,000,000$)2,445,000,000$(437,000,000$)(2,404,000,000$)(100,000,000$)(5,998,000,000$)1,620,000,000$1,921,000,000$1,969,000,000$(650,000,000$)1,865,000,000$2,755,000,000$416,000,000$3,251,000,000$403,000,000$(3,266,000,000$)1,687,000,000$(544,000,000$)(131,000,000$)2,892,000,000$(1,510,000,000$)1,060,000,000$1,423,000,000$(807,000,000$)494,000,000$1,555,000,000$(187,000,000$)77,000,000$184,000,000$1,087,000,000$1,284,000,000$(109,000,000$)(1,084,000,000$)(1,636,000,000$)1,194,000,000$93,000,000$(3,087,000,000$)1,100,000,000$(398,000,000$)(623,000,000$)
YoY(1,239,000,000$)(513,000,000$)(2,879,000,000$)(888,000,000$)(1,910,000,000$)(2,736,000,000$)2,692,000,000$640,000,000$(982,000,000$)(496,000,000$)(8,939,000,000$)(6,882,000,000$)(2,557,000,000$)(488,000,000$)4,860,000,000$5,105,000,000$5,939,000,000$4,386,000,000$8,287,000,000$6,825,000,000$804,000,000$2,075,000,000$(1,720,000,000$)(2,254,000,000$)3,904,000,000$707,000,000$2,311,000,000$3,865,000,000$166,000,000$2,170,000,000$2,665,000,000$1,055,000,000$1,939,000,000$1,629,000,000$1,161,000,000$2,632,000,000$2,446,000,000$1,178,000,000$(1,545,000,000$)(1,635,000,000$)(1,433,000,000$)(3,436,000,000$)(700,000,000$)(2,292,000,000$)(3,008,000,000$)(513,000,000$)141,000,000$(392,000,000$)
Current Ratio1.65x1.60x1.62x1.56x1.53x1.57x1.48x1.59x1.56x1.51x1.59x1.52x1.38x1.32x1.25x1.18x1.26x1.31x1.36x1.43x1.71x1.90x1.75x1.31x1.44x1.40x1.42x1.43x1.65x1.59x1.67x1.70x1.74x1.91x2.05x2.01x2.02x2.05x1.87x2.19x2.13x2.03x1.87x1.94x1.66x1.46x1.47x1.47x
Total Current Assets23,210,000,000$23,504,000,000$23,804,000,000$23,590,000,000$23,737,000,000$23,976,000,000$27,115,000,000$25,674,000,000$26,221,000,000$26,577,000,000$23,695,000,000$23,335,000,000$24,133,000,000$22,696,000,000$27,409,000,000$23,313,000,000$21,165,000,000$18,790,000,000$19,372,000,000$17,591,000,000$15,844,000,000$15,422,000,000$12,762,000,000$11,465,000,000$18,969,000,000$17,033,000,000$17,811,000,000$18,480,000,000$17,675,000,000$19,891,000,000$18,948,000,000$18,260,000,000$19,312,000,000$17,442,000,000$15,731,000,000$15,908,000,000$16,800,000,000$16,878,000,000$16,180,000,000$14,861,000,000$14,898,000,000$16,827,000,000$18,492,000,000$16,788,000,000$16,614,000,000$19,666,000,000$18,450,000,000$19,030,000,000$
QoQ(294,000,000$)(300,000,000$)214,000,000$(147,000,000$)(239,000,000$)(3,139,000,000$)1,441,000,000$(547,000,000$)(356,000,000$)2,882,000,000$360,000,000$(798,000,000$)1,437,000,000$(4,713,000,000$)4,096,000,000$2,148,000,000$2,375,000,000$(582,000,000$)1,781,000,000$1,747,000,000$422,000,000$2,660,000,000$1,297,000,000$(7,504,000,000$)1,936,000,000$(778,000,000$)(669,000,000$)805,000,000$(2,216,000,000$)943,000,000$688,000,000$(1,052,000,000$)1,870,000,000$1,711,000,000$(177,000,000$)(892,000,000$)(78,000,000$)698,000,000$1,319,000,000$(37,000,000$)(1,929,000,000$)(1,665,000,000$)1,704,000,000$174,000,000$(3,052,000,000$)1,216,000,000$(580,000,000$)(247,000,000$)
Total Current Liabilities14,109,000,000$14,729,000,000$14,677,000,000$15,143,000,000$15,495,000,000$15,298,000,000$18,318,000,000$16,149,000,000$16,802,000,000$17,592,000,000$14,948,000,000$15,365,000,000$17,461,000,000$17,237,000,000$21,969,000,000$19,785,000,000$16,851,000,000$14,313,000,000$14,214,000,000$12,307,000,000$9,283,000,000$8,122,000,000$7,300,000,000$8,732,000,000$13,160,000,000$12,130,000,000$12,548,000,000$12,913,000,000$10,724,000,000$12,482,000,000$11,341,000,000$10,752,000,000$11,071,000,000$9,130,000,000$7,683,000,000$7,899,000,000$8,328,000,000$8,224,000,000$8,652,000,000$6,775,000,000$6,994,000,000$8,289,000,000$9,865,000,000$8,634,000,000$9,980,000,000$13,460,000,000$12,523,000,000$12,926,000,000$
QoQ(620,000,000$)52,000,000$(466,000,000$)(352,000,000$)197,000,000$(3,020,000,000$)2,169,000,000$(653,000,000$)(790,000,000$)2,644,000,000$(417,000,000$)(2,096,000,000$)224,000,000$(4,732,000,000$)2,184,000,000$2,934,000,000$2,538,000,000$99,000,000$1,907,000,000$3,024,000,000$1,161,000,000$822,000,000$(1,432,000,000$)(4,428,000,000$)1,030,000,000$(418,000,000$)(365,000,000$)2,189,000,000$(1,758,000,000$)1,141,000,000$589,000,000$(319,000,000$)1,941,000,000$1,447,000,000$(216,000,000$)(429,000,000$)104,000,000$(428,000,000$)1,877,000,000$(219,000,000$)(1,295,000,000$)(1,576,000,000$)1,231,000,000$(1,346,000,000$)(3,480,000,000$)937,000,000$(403,000,000$)(197,000,000$)
Debt to Asset Ratio.54x.54x.55x.56x.54x.54x.56x.54x.55x.56x.54x.55x.58x.60x.65x.66x.66x.66x.66x.65x.62x.61x.58x.59x.58x.58x.58x.58x.55x.56x.55x.54x.54x.56x.55x.55x.55x.54x.53x.51x.52x.52x.54x.53x.53x.57x.56x.57x
Long Term Debt7,566,000,000$9,687,000,000$10,265,000,000$10,312,000,000$7,586,000,000$9,790,000,000$9,746,000,000$10,044,000,000$8,021,000,000$10,107,000,000$10,130,000,000$10,173,000,000$8,380,000,000$10,570,000,000$11,858,000,000$11,866,000,000$10,840,000,000$13,071,000,000$13,636,000,000$13,930,000,000$12,410,000,000$12,411,000,000$9,913,000,000$8,425,000,000$8,428,000,000$8,426,000,000$8,426,000,000$8,425,000,000$8,871,000,000$8,877,000,000$8,876,000,000$8,086,000,000$8,750,000,000$8,364,000,000$8,366,000,000$8,369,000,000$7,886,000,000$7,888,000,000$6,646,000,000$7,207,000,000$7,208,000,000$7,252,000,000$7,199,000,000$7,224,000,000$5,780,000,000$5,783,000,000$5,784,000,000$5,860,000,000$
QoQ(2,121,000,000$)(578,000,000$)(47,000,000$)2,726,000,000$(2,204,000,000$)44,000,000$(298,000,000$)2,023,000,000$(2,086,000,000$)(23,000,000$)(43,000,000$)1,793,000,000$(2,190,000,000$)(1,288,000,000$)(8,000,000$)1,026,000,000$(2,231,000,000$)(565,000,000$)(294,000,000$)1,520,000,000$(1,000,000$)2,498,000,000$1,488,000,000$(3,000,000$)2,000,000$0$1,000,000$(446,000,000$)(6,000,000$)1,000,000$790,000,000$(664,000,000$)386,000,000$(2,000,000$)(3,000,000$)483,000,000$(2,000,000$)1,242,000,000$(561,000,000$)(1,000,000$)(44,000,000$)53,000,000$(25,000,000$)1,444,000,000$(3,000,000$)(1,000,000$)(76,000,000$)(401,000,000$)
YoY(20,000,000$)(103,000,000$)519,000,000$268,000,000$(435,000,000$)(317,000,000$)(384,000,000$)(129,000,000$)(359,000,000$)(463,000,000$)(1,728,000,000$)(1,693,000,000$)(2,460,000,000$)(2,501,000,000$)(1,778,000,000$)(2,064,000,000$)(1,570,000,000$)660,000,000$3,723,000,000$5,505,000,000$3,982,000,000$3,985,000,000$1,487,000,000$0$(443,000,000$)(451,000,000$)(450,000,000$)339,000,000$121,000,000$513,000,000$510,000,000$(283,000,000$)864,000,000$476,000,000$1,720,000,000$1,162,000,000$678,000,000$636,000,000$(553,000,000$)(17,000,000$)1,428,000,000$1,469,000,000$1,415,000,000$1,364,000,000$(481,000,000$)(478,000,000$)(477,000,000$)(603,000,000$)
Capital Lease Obligations1,084,000,000$1,077,000,000$1,113,000,000$1,087,000,000$1,255,000,000$1,170,000,000$1,205,000,000$1,245,000,000$1,270,000,000$1,290,000,000$1,303,000,000$1,346,000,000$1,260,000,000$
Cash and Cash Equivalents4,688,000,000$4,764,000,000$4,537,000,000$4,634,000,000$4,657,000,000$5,184,000,000$5,246,000,000$4,917,000,000$5,424,000,000$5,831,000,000$5,075,000,000$5,521,000,000$4,862,000,000$3,969,000,000$5,392,000,000$2,638,000,000$4,122,000,000$3,498,000,000$3,572,000,000$2,254,000,000$3,313,000,000$4,047,000,000$2,319,000,000$1,515,000,000$2,583,000,000$2,137,000,000$2,033,000,000$2,777,000,000$2,982,000,000$3,551,000,000$4,451,000,000$4,658,000,000$5,850,000,000$5,176,000,000$5,207,000,000$4,463,000,000$4,816,000,000$5,949,000,000$4,925,000,000$3,778,000,000$4,114,000,000$5,301,000,000$5,764,000,000$4,870,000,000$3,689,000,000$4,191,000,000$3,480,000,000$3,647,000,000$
QoQ(76,000,000$)227,000,000$(97,000,000$)(23,000,000$)(527,000,000$)(62,000,000$)329,000,000$(507,000,000$)(407,000,000$)756,000,000$(446,000,000$)659,000,000$893,000,000$(1,423,000,000$)2,754,000,000$(1,484,000,000$)624,000,000$(74,000,000$)1,318,000,000$(1,059,000,000$)(734,000,000$)1,728,000,000$804,000,000$(1,068,000,000$)446,000,000$104,000,000$(744,000,000$)(205,000,000$)(569,000,000$)(900,000,000$)(207,000,000$)(1,192,000,000$)674,000,000$(31,000,000$)744,000,000$(353,000,000$)(1,133,000,000$)1,024,000,000$1,147,000,000$(336,000,000$)(1,187,000,000$)(463,000,000$)894,000,000$1,181,000,000$(502,000,000$)711,000,000$(167,000,000$)(645,000,000$)
YoY31,000,000$(420,000,000$)(709,000,000$)(283,000,000$)(767,000,000$)(647,000,000$)171,000,000$(604,000,000$)562,000,000$1,862,000,000$(317,000,000$)2,883,000,000$740,000,000$471,000,000$1,820,000,000$384,000,000$809,000,000$(549,000,000$)1,253,000,000$739,000,000$730,000,000$1,910,000,000$286,000,000$(1,262,000,000$)(399,000,000$)(1,414,000,000$)(2,418,000,000$)(1,881,000,000$)(2,868,000,000$)(1,625,000,000$)(756,000,000$)195,000,000$1,034,000,000$(773,000,000$)282,000,000$685,000,000$702,000,000$648,000,000$(839,000,000$)(1,092,000,000$)425,000,000$1,110,000,000$2,284,000,000$1,223,000,000$(603,000,000$)2,283,000,000$1,082,000,000$1,790,000,000$
Interest Expenses139,000,000$139,000,000$141,000,000$137,000,000$135,000,000$141,000,000$140,000,000$140,000,000$149,000,000$149,000,000$148,000,000$146,000,000$137,000,000$138,000,000$142,000,000$145,000,000$152,000,000$152,000,000$150,000,000$149,000,000$153,000,000$143,000,000$142,000,000$125,000,000$119,000,000$111,000,000$112,000,000$112,000,000$114,000,000$111,000,000$124,000,000$121,000,000$114,000,000$114,000,000$119,000,000$121,000,000$112,000,000$115,000,000$111,000,000$108,000,000$107,000,000$112,000,000$113,000,000$101,000,000$101,000,000$98,000,000$98,000,000$100,000,000$
Interest Income