Financials
Valor 202020212022202320242025 TTM Selling/general/admin expenses 245.11 M258 M126.62 M128.54 M134.26 M148.67 M 51.07 M Research & development —————— — Operating income -329.3 M-4.65 M270.01 M338.82 M373.98 M431.1 M 431.1 M Non-Operating Income, Total -20.03 M-8.64 M-7.74 M-63.38 M58.63 M-19.53 M -19.53 M Interest expense, net of interest capitalized 100.89 M46.27 M16.42 M20.99 M18.1 M10.66 M 10.66 M Non-Operating Income, excl. Interest Expenses -118.51 M-53.23 M-24.93 M-84.04 M39.31 M-38.13 M -38.13 M Unusual income/expense -2.42 M-1.7 M770 K-325 K1.22 M7.94 M 7.94 M Pretax income -450.67 M-137.51 M246.11 M254.63 M414.72 M401.13 M 401.13 M Equity in earnings 172 K0258 K171 K237 K217 K 217 K Taxes -130.07 M145.57 M185.39 M137.6 M118.98 M117.31 M 117.31 M Non-controlling/minority interest -5.37 M11.34 M-595 K-323 K-78 K— — After tax other income/expense -408 K-1.11 M-6.09 M-283 K2.91 M-2.94 M -2.94 M Net income before discontinued operations -315.23 M-294.42 M61.31 M117.35 M295.82 M281.66 M 281.66 M Discontinued operations -298.1 M486.87 M8.26 M-9.76 M654 K-32 K -32 K Net income -613.33 M192.45 M69.57 M107.59 M296.47 M281.63 M 281.63 M Dilution adjustment 292.75 M0-61.31 M0—— — Preferred dividends -149 K88 K00—— — Diluted net income available to common stockholders -320.43 M192.36 M8.26 M107.59 M296.47 M281.63 M 281.63 M Basic earnings per share (Basic EPS) -2.931.010.420.691.931.91 1.91 Diluted earnings per share (Diluted EPS) -2.931.010.410.681.921.89 1.89 Average basic shares outstanding —189.69 M167.67 M157.26 M153.27 M147.82 M 588.87 M Diluted shares outstanding —189.69 M168.27 M157.88 M153.9 M148.67 M 591.22 M EBITDA -897.89 M520.24 M198.88 M269.05 M342.79 M396.44 M — EBIT -920.06 M485.81 M190.49 M199.43 M274.55 M321.95 M 369.97 M Cost of revenue 802.46 M814.49 M907.37 M1.09 B1.15 B1.22 B 1.22 B Other cost of goods sold —————— — Depreciation & amortization (cash flow) 22.17 M34.43 M8.38 M69.62 M68.24 M74.5 M —