Financials
Valor 202020212022202320242025 TTM Selling/general/admin expenses 468 M544 M440 M458 M455 M412 M 412 M Research & development 1 M4 M7 M7 M6 M4 M 4 M Operating income 646 M767 M559 M438 M1.22 B460 M 449 M Non-Operating Income, Total 3 M-5 M00—— — Interest expense, net of interest capitalized 60 M55 M84 M111 M75 M48 M 48 M Non-Operating Income, excl. Interest Expenses -57 M-60 M-84 M-111 M—— — Unusual income/expense —————— — Pretax income -139 M-25 M-127 M-332 M504 M-160 M -160 M Equity in earnings —————— — Taxes -21 M3 M55 M-36 M78 M10 M 10 M Non-controlling/minority interest —————— — After tax other income/expense —————— — Net income before discontinued operations -118 M-98 M-182 M-296 M426 M-170 M -170 M Discontinued operations —70 M———— — Net income -118 M-28 M-182 M-296 M426 M-170 M -170 M Dilution adjustment 0000010 M 10 M Preferred dividends -10 M-10 M-10 M-10 M010 M 10 M Diluted net income available to common stockholders -108 M-18 M-172 M-286 M426 M-170 M -170 M Basic earnings per share (Basic EPS) -0.61-0.18-0.89-1.412.28-1.14 -1.14 Diluted earnings per share (Diluted EPS) -0.61-0.18-0.89-1.412.23-1.14 -1.14 Average basic shares outstanding 210.02 M212.72 M215.89 M216.78 M182.51 M158.42 M 638.42 M Diluted shares outstanding 210.02 M212.72 M215.89 M216.78 M191.13 M158.42 M 638.42 M EBITDA 320 M327 M103 M-68 M708 M34 M 34 M EBIT -139 M-25 M-127 M-332 M504 M-160 M -160 M Cost of revenue 3.21 B3.14 B3.02 B2.89 B2.73 B2.49 B 2.49 B Other cost of goods sold —————— — Depreciation & amortization (cash flow) 459 M352 M230 M264 M204 M194 M 194 M