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Valero Energy (VLO) Cash Flow Waterfall

Trace Valero Energy's operating cash flow down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$6.26B

Capex

-$337M

Free Cash Flow

$5.93B

FCF Margin

+94.6%

Cash flow waterfall for Valero Energy (VLO) — TTM through Q1 2026

Free cash flow: $5.93B

Cash flow breakdown for Valero Energy (VLO) — TTM through Q1 2026

  • Operating Cash Flow$6.26B
  • Capital Expenditure-$337M
  • Free Cash Flow$5.93B
  • Other Investing-$1.27B
  • Share Buybacks-$2.93B
  • Dividends Paid-$1.41B
  • Net Debt Change$998M
  • Other Financing-$341M
  • Forex Effect$127M
  • Net Cash Increase$1.11B
Want to see what drove the FCF change?Free Cash Flow Bridge

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