Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 104 M112 M107 M126 M101 M 446 M Research & development ————— — Operating income 1.34 B1.37 B1.29 B1.8 B1.48 B 5.94 B Non-Operating Income, Total 27 M18 M16 M16 M18 M 68 M Interest expense, net of interest capitalized 246 M235 M239 M268 M305 M 1.05 B Non-Operating Income, excl. Interest Expenses -219 M-217 M-223 M-252 M-287 M -979 M Unusual income/expense ————— — Pretax income 1.11 B1.14 B1.06 B1.56 B1.21 B 4.96 B Equity in earnings 171 M186 M170 M186 M155 M 697 M Taxes 5 M1 M1 M3 M6 M 11 M Non-controlling/minority interest 10 M10 M10 M10 M10 M 40 M After tax other income/expense ————— — Net income before discontinued operations 1.11 B1.14 B1.06 B1.55 B1.2 B 4.95 B Discontinued operations ————— — Net income 1.11 B1.14 B1.06 B1.55 B1.2 B 4.95 B Dilution adjustment -12 M-10 M-10 M-11 M— — Preferred dividends 6 M000— — Diluted net income available to common stockholders 1.09 B1.13 B1.05 B1.54 B1.19 B 4.91 B Basic earnings per share (Basic EPS) ————— — Diluted earnings per share (Diluted EPS) ————— — Average basic shares outstanding ————— — Diluted shares outstanding ————— — EBITDA 1.36 B1.38 B1.3 B1.81 B1.49 B 5.97 B EBIT 1.34 B1.37 B1.29 B1.8 B1.48 B 5.94 B Cost of revenue 324 M1.17 B1.13 B1.23 B355 M 3.89 B Other cost of goods sold —848 M801 M888 M— — Depreciation & amortization (cash flow) 13 M10 M6 M7 M7 M 30 M