Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 122 M101 M84 M84 M79 M 348 M Research & development ————— — Operating income 292 M532 M237 M483 M354 M 1.61 B Non-Operating Income, Total 5 M6 M8 M-24 M22 M 12 M Interest expense, net of interest capitalized 94 M107 M110 M112 M138 M 467 M Non-Operating Income, excl. Interest Expenses -93 M-107 M-110 M-127 M-132 M -476 M Unusual income/expense 4 M6 M8 M-9 M16 M 21 M Pretax income 357 M565 M229 M458 M143 M 1.4 B Equity in earnings 154 M103 M94 M96 M89 M 382 M Taxes 94 M30 M16 M30 M16 M 92 M Non-controlling/minority interest 128 M408 M253 M421 M344 M 1.43 B After tax other income/expense 36 M-19 M-13 M-16 M33 M -15 M Net income before discontinued operations -31 M46 M-40 M7 M-40 M -27 M Discontinued operations 20 M38 M70 M76 M102 M 286 M Net income -11 M84 M30 M83 M62 M 259 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders -2 M92 M30 M86 M66 M 274 M Basic earnings per share (Basic EPS) ————— — Diluted earnings per share (Diluted EPS) ————— — Average basic shares outstanding ————— — Diluted shares outstanding ————— — EBITDA 954 M794 M472 M713 M936 M 2.92 B EBIT 634 M532 M237 M483 M710 M 1.96 B Cost of revenue 11.27 B10.76 B9.76 B10.59 B9.33 B 40.43 B Other cost of goods sold ————— — Depreciation & amortization (cash flow) 320 M262 M235 M230 M226 M 953 M