Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 795 M857 M998 M969 M1.11 B 3.93 B Research & development 538 M568 M610 M587 M589 M 2.35 B Operating income 430 M38 M612 M1.63 B269 M 2.54 B Non-Operating Income, Total 192 M135 M167 M167 M124 M 593 M Interest expense, net of interest capitalized ————— — Non-Operating Income, excl. Interest Expenses 183 M173 M190 M180 M162 M 705 M Unusual income/expense 9 M-38 M-23 M-13 M-38 M -112 M Pretax income 622 M173 M779 M1.79 B393 M 3.14 B Equity in earnings ————— — Taxes 161 M19 M137 M418 M52 M 626 M Non-controlling/minority interest ————— — After tax other income/expense ————— — Net income before discontinued operations 461 M154 M642 M1.37 B341 M 2.51 B Discontinued operations ————— — Net income 461 M154 M642 M1.37 B341 M 2.51 B Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders 462 M155 M643 M1.38 B341 M 2.51 B Basic earnings per share (Basic EPS) 0.740.251.042.250.56 4.1 Diluted earnings per share (Diluted EPS) 0.710.241.032.210.55 4.03 Average basic shares outstanding 632 M621 M615 M611 M613 M 2.46 B Diluted shares outstanding 645 M632 M626 M621 M623 M 2.5 B EBITDA 452 M63 M——— — EBIT 430 M38 M612 M1.63 B269 M 2.54 B Cost of revenue 427 M506 M544 M549 M487 M 2.09 B Other cost of goods sold ————— — Depreciation & amortization (cash flow) 22 M25 M——— —