Financials
Valor 202020212022202320242025 TTM Selling/general/admin expenses 449.84 M707.59 M901.05 M810.16 M1 B964.4 M — Research & development 45.17 M58.41 M69.82 M100.84 M120.79 M90.69 M — Operating income 220.43 M190.38 M356.06 M453.32 M-30.08 M43.16 M -23.66 M Non-Operating Income, Total -85.95 M-51.92 M407 K-44.8 M-52.22 M183.9 M — Interest expense, net of interest capitalized 71.87 M58.15 M74.27 M114.1 M246.41 M285.18 M — Non-Operating Income, excl. Interest Expenses -157.82 M-110.07 M-73.86 M-158.89 M-298.63 M-101.28 M — Unusual income/expense —————— — Pretax income 145.26 M145.72 M356.47 M408.52 M-82.3 M140.74 M -23.66 M Equity in earnings 10.78 M7.26 M15.44 M14.61 M-12.14 M28.88 M — Taxes -1.98 M35.84 M73.35 M59.5 M-16.58 M14.15 M — Non-controlling/minority interest 543 K14.63 M58.59 M89.45 M-113.91 M79.64 M — After tax other income/expense ————-5.11 M73.89 M — Net income before discontinued operations 147.25 M109.88 M298.56 M363.63 M-77.86 M104.13 M -60.53 M Discontinued operations —————— — Net income 147.25 M109.88 M298.56 M363.63 M-77.86 M104.13 M -60.53 M Dilution adjustment —————0 — Preferred dividends —————64.43 M — Diluted net income available to common stockholders 148.22 M100.55 M245.15 M279.48 M36.05 M39.69 M -60.53 M Basic earnings per share (Basic EPS) 2.461.553.734.190.54-2.5 — Diluted earnings per share (Diluted EPS) 2.381.463.443.870.54-2.5 -0.89 Average basic shares outstanding 59.58 M61.61 M64.32 M65.38 M66.62 M67.37 M 263.68 M Diluted shares outstanding 62.31 M68.87 M71.18 M72.19 M66.94 M67.37 M 277.69 M EBITDA 429.55 M473.15 M590.62 M760.36 M471.36 M598.21 M — EBIT 220.43 M190.38 M356.06 M453.32 M-30.08 M43.16 M — Cost of revenue 2.79 B4.37 B6.21 B6.33 B4.99 B4.57 B — Other cost of goods sold 42.91 M14.07 M7.47 M113.08 M151.96 M74.01 M — Depreciation & amortization (cash flow) 209.12 M282.77 M234.56 M307.04 M501.44 M555.05 M 23.66 M