Renewable Diesel Driving Low Carbon Results
Non-GAAP Disclosures:
Payout Ratio
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
(unaudited, in millions)
2012
2013
Net cash provided by operating activities
$5,270
$5,564
2014
$4,241
Year Ended December 31,
2015
2016
$5,611 $4,820
2017
2018
2019
2020
$5,482
$4,371
$5,531
$948
Exclude:
Changes in current assets and current liabilities
(302)
922
(1,810)
(1,306)
976
1,289
(1,297)
294
(345)
DGD's adjusted net cash provided by operating activities attributable to our
joint venture partner's ownership interest in DGD
Adjusted net cash provided by operating activities (A)
(3)
11
70
81
83
41
175
390
338
$5,575
$4,631
$5,981
$6,836
$3,761
$4,152
$5,493
$4,847
$955
RECONCILIATION OF PURCHASES OF COMMONS STOCK FOR TREASURY AND COMMON STOCK DIVIDENDS TO PAYOUT RATIO
(unaudited, in millions)
Purchases of common stock for treasury
Common stock dividends
Total payout (B)
Payout ratio (B/A)
INVESTOR PRESENTATION | JUNE 2021
2012
2013
2014
$281
$928
360
462
$641
$1,390
$1,296
554
$1,850
Year Ended December 31,
2015
$2,838
2016
2017
2018
2019
2020
$1,336
$1,372
$1,708
$777
$156
848
$3,686
1,111
1,242
1,369
1,492
1,600
$2,447
$2,614
$3,077
$2,269
$1,756
11%
30%
31%
54%
65%
63%
56%
47%
184%
Valero 53View entire presentation