Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 171 M196 M204 M163 M141 M 704 M Research & development ————— — Operating income 239 M221 M193 M234 M156 M 804 M Non-Operating Income, Total -6 M-1 M-1 M0-1 M -3 M Interest expense, net of interest capitalized 53 M51 M53 M53 M63 M 220 M Non-Operating Income, excl. Interest Expenses -59 M-52 M-54 M-53 M-64 M -223 M Unusual income/expense ————— — Pretax income 185 M170 M139 M181 M92 M 582 M Equity in earnings 0——1 M0 — Taxes 47 M43 M35 M40 M21 M 139 M Non-controlling/minority interest ————— — After tax other income/expense -36 M-6 M19 M-3 M26 M 36 M Net income before discontinued operations 138 M127 M104 M142 M71 M 444 M Discontinued operations ————— — Net income 138 M127 M104 M142 M71 M 444 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders 138 M127 M104 M142 M71 M 444 M Basic earnings per share (Basic EPS) 0.450.420.350.480.23 1.48 Diluted earnings per share (Diluted EPS) 0.460.420.340.480.24 1.48 Average basic shares outstanding 304 M302.2 M301.2 M297.1 M299.3 M 1.2 B Diluted shares outstanding 305.1 M303.2 M301.6 M297.6 M299.8 M 1.2 B EBITDA 344 M366 M333 M376 M316 M 1.39 B EBIT 207 M235 M203 M250 M167 M 855 M Cost of revenue 1.64 B1.68 B1.78 B1.76 B1.8 B 7.01 B Other cost of goods sold 1.64 B1.68 B1.78 B1.76 B1.8 B 7.01 B Depreciation & amortization (cash flow) 137 M131 M130 M126 M149 M 536 M