Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 225 M219 M246 M241 M251 M 957 M Research & development ————— — Operating income -329 M-270 M244 M338 M-166 M 146 M Non-Operating Income, Total -2 M-4 M-7 M1 M13 M 3 M Interest expense, net of interest capitalized 280 M287 M404 M268 M204 M 1.16 B Non-Operating Income, excl. Interest Expenses -280 M-287 M-404 M-268 M-204 M -1.16 B Unusual income/expense -2 M-4 M-7 M1 M13 M 3 M Pretax income -563 M-525 M-316 M234 M-223 M -830 M Equity in earnings ————— — Taxes -84 M-82 M-22 M50 M-29 M -83 M Non-controlling/minority interest ————— — After tax other income/expense ————— — Net income before discontinued operations -479 M-443 M-294 M184 M-194 M -747 M Discontinued operations ————— — Net income -479 M-443 M-294 M184 M-194 M -747 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders -479 M-443 M-294 M154 M-198 M -781 M Basic earnings per share (Basic EPS) -1.57-1.44-0.950.59-0.61 -2.41 Diluted earnings per share (Diluted EPS) -1.57-1.44-0.950.42-0.46 -2.43 Average basic shares outstanding 306 M307 M309 M311 M310 M 1.24 B Diluted shares outstanding 306 M307 M309 M364 M322 M 1.3 B EBITDA 184 M60 M148 M741 M373 M 1.32 B EBIT -563 M-525 M-316 M234 M-223 M -830 M Cost of revenue 2.08 B1.81 B1.81 B1.91 B1.89 B 7.42 B Other cost of goods sold 1.41 B1.27 B1.39 B1.45 B1.37 B 5.49 B Depreciation & amortization (cash flow) 747 M585 M464 M507 M596 M 2.15 B