VALERO ENERGY CORP/TX | 2013 | FY | 3

22.
QUARTERLY FINANCIAL DATA (Unaudited)
The following table summarizes quarterly financial data for the years ended December 31, 2013 and 2012 (in millions, except per share amounts).
 
2013 Quarter Ended
 
March 31
 
June 30 (a)
 
September 30
 
December 31
Operating revenues
$
33,474

 
$
34,034

 
$
36,137

 
$
34,429

Operating income
1,061

 
808

 
532

 
1,562

Net income
652

 
465

 
324

 
1,287

Net income attributable to
Valero Energy Corporation
stockholders
654

 
466

 
312

 
1,288

Earnings per common share –
assuming dilution
1.18

 
0.85

 
0.57

 
2.38

 
 
 
 
 
 
 
 
 
2012 Quarter Ended
 
March 31 (b)
 
June 30
 
September 30
 
December 31
Operating revenues
$
35,167

 
$
34,662

 
$
34,726

 
$
34,695

Operating income (loss)
(244
)
 
1,361

 
1,309

 
1,584

Net income (loss)
(432
)
 
830

 
673

 
1,009

Net income (loss) attributable to
Valero Energy Corporation
stockholders
(432
)
 
831

 
674

 
1,010

Earnings (loss) per common share –
assuming dilution
(0.78
)
 
1.50

 
1.21

 
1.82

____________________ 
(a)
The separation of our retail business was completed on May 1, 2013.
(b)
The operations of the Aruba Refinery were suspended in March 2012.

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