Financials
Valor 202020212022202320242025 TTM Selling/general/admin expenses 2.86 B3.2 B3.93 B5.35 B4.93 B5.13 B — Research & development —————— — Operating income -9.67 B-9.5 B-14.2 B-11.64 B-15.7 B-14.83 B — Non-Operating Income, Total —————— — Interest expense, net of interest capitalized —————— — Non-Operating Income, excl. Interest Expenses —————— — Unusual income/expense —————— — Pretax income -9.59 B-7.05 B-11.58 B-9.57 B-12.97 B-12.27 B — Equity in earnings —————— — Taxes 837 M2.32 B1.47 B1.01 B982 M1.14 B — Non-controlling/minority interest 841 M8.42 B3.14 B3.98 B1.21 B1.93 B — After tax other income/expense —————— — Net income before discontinued operations 707 M12.39 B5.2 B5.11 B1.85 B3.23 B — Discontinued operations —————— — Net income 707 M12.39 B5.2 B5.11 B1.85 B3.23 B — Dilution adjustment —————— — Preferred dividends —————— — Diluted net income available to common stockholders —————— — Basic earnings per share (Basic EPS) —————— — Diluted earnings per share (Diluted EPS) —————— — Average basic shares outstanding —————— — Diluted shares outstanding —————— — EBITDA -39.3 B-55.8 B-68.92 B-70.14 B-55.89 B-44.27 B — EBIT -45.1 B-62.24 B-76.6 B-79.22 B-65.63 B-54.65 B — Cost of revenue 35.15 B44.15 B54.04 B52.22 B40.12 B28.35 B — Other cost of goods sold —————— — Depreciation & amortization (cash flow) 5.79 B6.44 B7.68 B9.07 B9.74 B10.38 B —