Financials
Valor 202020212022202320242025 TTM Selling/general/admin expenses 894.8 M1.03 B1.1 B1.27 B1.34 B1.44 B 1.44 B Research & development 71 M74 M91 M108 M116.6 M114.3 M — Operating income 85.7 M565.7 M817.3 M1.16 B1.3 B1.14 B 1.14 B Non-Operating Income, Total -12.9 M56 M35.1 M31.9 M45.7 M26 M 26 M Interest expense, net of interest capitalized 111.1 M87.7 M103.2 M156.7 M213.2 M253.9 M 253.9 M Non-Operating Income, excl. Interest Expenses -132 M-75.7 M-97.3 M-161.8 M-216.4 M-272.5 M -272.5 M Unusual income/expense 8 M44 M29.2 M37 M48.9 M44.6 M 44.6 M Pretax income -19.4 M513 M742.9 M1.03 B1.11 B808.2 M 935.3 M Equity in earnings —-11.4 M700 K-6 M-24 M-127.1 M -127.1 M Taxes 13 M-21.8 M149.6 M240 M262.5 M219.4 M 219.4 M Non-controlling/minority interest 900 K2.5 M3.8 M6.4 M7.7 M7.4 M 7.4 M After tax other income/expense -14.7 M200 K-7 M-8.3 M-7.7 M-9.9 M -9.9 M Net income before discontinued operations -33.3 M520.9 M589.5 M778.7 M838.6 M581.4 M 581.4 M Discontinued operations —41.6 M15.2 M00— — Net income -33.3 M562.5 M604.7 M778.7 M838.6 M581.4 M 581.4 M Dilution adjustment —————— — Preferred dividends —————— — Diluted net income available to common stockholders -33.3 M562.5 M604.7 M778.7 M838.6 M581.4 M 581.4 M Basic earnings per share (Basic EPS) -0.091.361.491.922.081.46 1.46 Diluted earnings per share (Diluted EPS) -0.091.341.471.92.061.45 1.45 Average basic shares outstanding 382.8 M414.8 M405.3 M404.8 M403.4 M398.1 M 1.6 B Diluted shares outstanding 382.8 M421.2 M410.2 M409 M407.2 M401 M 1.61 B EBITDA 398.6 M903.2 M1.18 B1.56 B1.71 B1.56 B 1.37 B EBIT -103.5 M481.1 M750.3 M1.1 B1.22 B1.06 B 867 M Cost of revenue 3.3 B3.16 B3.59 B3.99 B4.07 B4.31 B 4.31 B Other cost of goods sold —————— — Depreciation & amortization (cash flow) 502.1 M422.1 M432.8 M459.1 M482 M505.8 M 505.8 M