Renewable Diesel Driving Low Carbon Results
Non-GAAP Disclosures:
Capital Investments Attributable to Valero
RECONCILIATION OF TOTAL CAPITAL INVESTMENTS TO CAPITAL INVESTMENTS ATTRIBUTABLE TO VALERO
(in millions)
2012
2013
2014
Year Ended December 31,
2015
2016
2017
2018
Capital expenditures (excluding VIES)
Capital expenditures of VIES:
$2,721
$2,040
$2,076
$1,607
$1,261
$1,269
$1,463
2019
$1,627
2020
$1,014
DGD
210
74
11
17
84
165
142
523
Other VIES
7
66
11
26
124
225
251
Deferred turnaround and catalyst cost expenditures (excluding VIES)
Deferred turnaround and catalyst cost expenditures of DGD
Investments in unconsolidated joint ventures
479
634
646
671
701
519
888
762
623
3
2
17
4
27
18
25
57
76
14
141
4
406
181
164
54
Total capital investments
3,467
2,831
2,816
2,432
2,000
2,308
2,848
2,938
2,490
Adjustments:
DGD's capital investments attributable to our joint venture partner
Capital expenditures of other VIES
(105)
(37)
(7)
(7)
(66)
(1)
(17)
(44)
(96)
(80)
(274)
(11)
(26)
(124)
(225)
(251)
Capital investments attributable to Valero
$3,362
$2,787
$2,743
$2,420
$1,983
$2,238
$2,628
$2,633
$1,965
INVESTOR PRESENTATION | JUNE 2021
Valero 50View entire presentation