Financials
Valor 202020212022202320242025 TTM Selling/general/admin expenses 681.4 M708.5 M791.3 M864.1 M974.8 M1.08 B — Research & development 252.8 M292.7 M349.9 M368.9 M394.9 M456.7 M — Operating income 904.2 M907.5 M884.3 M899.1 M876 M831.1 M -165.5 M Non-Operating Income, Total 66.6 M42.1 M44 M76.5 M96.1 M114 M — Interest expense, net of interest capitalized 9.4 M21 M18.5 M3.1 M-6.4 M-12 M — Non-Operating Income, excl. Interest Expenses 57.2 M21.1 M25.5 M73.4 M102.5 M126 M — Unusual income/expense —————— — Pretax income 970.8 M949.6 M928.3 M975.6 M972.1 M945.1 M 3.82 B Equity in earnings —————— — Taxes 124.2 M134 M131.4 M135.3 M126.4 M-111.8 M — Non-controlling/minority interest —————— — After tax other income/expense —————— — Net income before discontinued operations 846.6 M815.6 M796.9 M840.3 M845.7 M1.06 B 3.82 B Discontinued operations —————— — Net income 846.6 M815.6 M796.9 M840.3 M845.7 M1.06 B 3.82 B Dilution adjustment —————— — Preferred dividends —————— — Diluted net income available to common stockholders 846.6 M815.6 M796.9 M840.3 M845.7 M1.06 B 3.82 B Basic earnings per share (Basic EPS) 6.036.136.377.197.659.85 — Diluted earnings per share (Diluted EPS) 5.966.086.317.17.469.62 32.74 Average basic shares outstanding 140.5 M133.1 M125.21 M116.91 M110.62 M107.26 M 460 M Diluted shares outstanding 142 M134.1 M126.34 M118.35 M113.41 M109.91 M 468.01 M EBITDA 923.1 M928.1 M907 M922.2 M900 M855.9 M — EBIT 904.2 M907.5 M884.3 M899.1 M876 M831.1 M — Cost of revenue 226.5 M258.1 M304.4 M282.6 M319.3 M361.8 M — Other cost of goods sold —————— — Depreciation & amortization (cash flow) 18.9 M20.6 M22.7 M23.1 M24 M24.8 M 165.5 M