Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25Q1, 26 TTM Selling/general/admin expenses 1.25 B1.32 B1.27 B1.32 B1.37 B1.39 B 5.35 B Research & development 302 M343 M302 M297 M323 M306 M 1.23 B Operating income 622 M453 M546 M882 M698 M552 M 2.68 B Non-Operating Income, Total 46 M7 M-33 M-28 M-31 M-6 M -98 M Interest expense, net of interest capitalized 113 M155 M151 M152 M113 M153 M — Non-Operating Income, excl. Interest Expenses -58 M-132 M-146 M-147 M-108 M-149 M -550 M Unusual income/expense -9 M-16 M-38 M-33 M-36 M-10 M -117 M Pretax income 513 M306 M363 M703 M509 M393 M 1.97 B Equity in earnings —————— — Taxes 114 M3 M55 M129 M16 M11 M 211 M Non-controlling/minority interest —————— — After tax other income/expense —————— — Net income before discontinued operations 446 M303 M308 M574 M539 M382 M 1.8 B Discontinued operations -46 M———-46 M— — Net income 400 M303 M308 M574 M493 M382 M 1.76 B Dilution adjustment 0————— — Preferred dividends 0————— — Diluted net income available to common stockholders 400 M303 M308 M574 M493 M382 M 1.76 B Basic earnings per share (Basic EPS) 1.381.051.0721.711.34 6.12 Diluted earnings per share (Diluted EPS) 1.371.041.0721.711.34 6.12 Average basic shares outstanding 289.76 M289.5 M287.29 M287.17 M287.65 M285.58 M 1.15 B Diluted shares outstanding 291.01 M290.39 M287.74 M287.22 M288.51 M285.85 M 1.15 B EBITDA 1.21 B1.06 B1.16 B1.5 B1.33 B1.17 B 5.15 B EBIT 623 M453 M547 M882 M697 M552 M 2.68 B Cost of revenue 2.95 B2.93 B3.02 B2.88 B3.09 B2.84 B 11.82 B Other cost of goods sold —————— — Depreciation & amortization (cash flow) 586 M607 M608 M618 M629 M614 M 2.47 B