Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 532 M563 M579 M528 M564 M 2.23 B Research & development 93 M86 M96 M95 M94 M 371 M Operating income 87 M-83 M-11 M95 M112 M 113 M Non-Operating Income, Total 1 M-3 M1 M0-1 M -3 M Interest expense, net of interest capitalized 98 M94 M128 M101 M98 M 421 M Non-Operating Income, excl. Interest Expenses -97 M-97 M-127 M-101 M-99 M -424 M Unusual income/expense ————— — Pretax income -10 M-180 M-147 M-3 M13 M -317 M Equity in earnings ————— — Taxes -8 M31 M-89 M22 M71 M 35 M Non-controlling/minority interest 1 M1 M4 M3 M0 8 M After tax other income/expense -11 M11 M-3 M-9 M-2 M -3 M Net income before discontinued operations -3 M-212 M-62 M-28 M-58 M -360 M Discontinued operations ————— — Net income -3 M-212 M-62 M-28 M-58 M -360 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders -3 M-212 M-62 M-28 M-58 M -360 M Basic earnings per share (Basic EPS) -0-0.6-0.18-0.08-0.16 -1.02 Diluted earnings per share (Diluted EPS) -0-0.6-0.18-0.08-0.16 -1.02 Average basic shares outstanding 351.8 M352.8 M353.7 M354.2 M353.8 M 1.41 B Diluted shares outstanding 351.8 M352.8 M353.7 M354.2 M353.8 M 1.41 B EBITDA 92 M-78 M-6 M99 M116 M 131 M EBIT 87 M-83 M-11 M95 M112 M 113 M Cost of revenue ————— — Other cost of goods sold ————— — Depreciation & amortization (cash flow) 5 M5 M5 M4 M4 M 18 M