Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 170 M171 M180 M184 M197 M 732 M Research & development ————— — Operating income 30 M55 M34 M12 M29 M 130 M Non-Operating Income, Total 23 M-7 M-9 M-2 M-13 M -31 M Interest expense, net of interest capitalized 22 M24 M23 M24 M24 M 95 M Non-Operating Income, excl. Interest Expenses -25 M-22 M-21 M-22 M-32 M -97 M Unusual income/expense 26 M-9 M-11 M-4 M-5 M -29 M Pretax income -3 M96 M36 M-38 M57 M 151 M Equity in earnings 3 M02 M2 M0 4 M Taxes 11 M21 M21 M24 M-26 M 40 M Non-controlling/minority interest 2 M02 M00 2 M After tax other income/expense 37 M-39 M21 M1 M-15 M -32 M Net income before discontinued operations -14 M75 M15 M-62 M83 M 111 M Discontinued operations ————— — Net income -14 M75 M15 M-62 M83 M 111 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders -16 M75 M13 M-62 M83 M 109 M Basic earnings per share (Basic EPS) -0.040.160.03-0.130.16 0.22 Diluted earnings per share (Diluted EPS) -0.040.160.03-0.130.16 0.22 Average basic shares outstanding 462.7 M465.87 M470.88 M485.82 M484.52 M 1.91 B Diluted shares outstanding 462.7 M478.72 M474.84 M485.82 M492.79 M 1.93 B EBITDA 68 M93 M76 M60 M88 M 317 M EBIT 28 M53 M33 M11 M28 M 125 M Cost of revenue 2 M2 M1 M1 M1 M 5 M Other cost of goods sold ————— — Depreciation & amortization (cash flow) 40 M40 M43 M49 M60 M 192 M