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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA (Unaudited) |
22. | QUARTERLY FINANCIAL DATA (Unaudited)
The following table summarizes quarterly financial data for the years ended December 31, 2014 and 2013 (in millions, except per share amounts). The amounts shown below differ from those previously reported in our quarterly reports on Form 10-Q for the quarters ended March 31, 2013 and 2014 due to the abandonment of the Aruba Refinery in May 2014 as discussed in Note 2. The results of operations of the Aruba Refinery have been presented as discontinued operations for all periods presented.
| 2014 Quarter Ended
| March 31 |  | June 30 |  | September 30 |  | December 31
Operating revenues | $ | 33,663 |  |  | $ | 34,914 |  |  | $ | 34,408 |  |  | $ | 27,859 |
Operating income | 1,351 |  |  | 1,085 |  |  | 1,670 |  |  | 1,796 |
Net income | 836 |  |  | 593 |  |  | 1,062 |  |  | 1,220 |
Net income attributable to Valero Energy Corporation stockholders | 828 |  |  | 588 |  |  | 1,059 |  |  | 1,155 |
Earnings per common share | 1.55 |  |  | 1.11 |  |  | 2.01 |  |  | 2.22 |
Earnings per common share – assuming dilution | 1.54 |  |  | 1.10 |  |  | 2.00 |  |  | 2.22 |
| 2013 Quarter Ended
| March 31 |  | June 30 (a) |  | September 30 |  | December 31
Operating revenues | 33,474 |  |  | 34,034 |  |  | 36,137 |  |  | 34,429 |
Operating income | 1,058 |  |  | 805 |  |  | 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 | 1.18 |  |  | 0.86 |  |  | 0.58 |  |  | 2.39 |
Earnings per common share – assuming dilution | 1.18 |  |  | 0.85 |  |  | 0.57 |  |  | 2.38 |
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(a) | The separation of our retail business was completed on May 1, 2013.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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