Valeo SE
PAR:FR
Income Statement
Earnings Waterfall
Valeo SE
Revenue
|
22B
EUR
|
Cost of Revenue
|
-18.1B
EUR
|
Gross Profit
|
4B
EUR
|
Operating Expenses
|
-3.1B
EUR
|
Operating Income
|
838m
EUR
|
Other Expenses
|
-617m
EUR
|
Net Income
|
221m
EUR
|
Income Statement
Valeo SE
Mar-2004 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
11 613
N/A
|
9 236
-20%
|
9 293
+1%
|
9 436
+2%
|
9 287
-2%
|
9 605
+3%
|
9 550
-1%
|
9 247
-3%
|
9 689
+5%
|
9 531
-2%
|
8 677
-9%
|
7 301
-16%
|
7 499
+3%
|
8 814
+18%
|
9 632
+9%
|
10 179
+6%
|
10 868
+7%
|
11 533
+6%
|
11 759
+2%
|
11 704
0%
|
11 662
0%
|
12 065
+3%
|
12 725
+5%
|
13 676
+7%
|
14 544
+6%
|
15 376
+6%
|
16 519
+7%
|
17 822
+8%
|
18 484
+4%
|
18 914
+2%
|
19 124
+1%
|
19 037
0%
|
19 477
+2%
|
16 759
-14%
|
16 436
-2%
|
18 372
+12%
|
17 262
-6%
|
17 687
+2%
|
20 037
+13%
|
21 830
+9%
|
22 044
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(9 535)
|
(7 567)
|
(7 631)
|
(7 802)
|
(7 729)
|
(8 011)
|
(7 973)
|
(7 723)
|
(8 058)
|
(7 937)
|
(7 350)
|
(6 318)
|
(6 361)
|
(7 273)
|
(7 897)
|
(8 384)
|
(9 025)
|
(9 600)
|
(9 811)
|
(9 751)
|
(9 653)
|
(9 987)
|
(10 522)
|
(11 279)
|
(11 971)
|
(12 595)
|
(13 499)
|
(14 352)
|
(14 652)
|
(15 022)
|
(15 450)
|
(15 607)
|
(16 023)
|
(14 552)
|
(14 281)
|
(15 138)
|
(14 222)
|
(14 644)
|
(16 590)
|
(18 060)
|
(18 093)
|
|
Gross Profit |
2 078
N/A
|
1 669
-20%
|
1 662
0%
|
1 634
-2%
|
1 558
-5%
|
1 594
+2%
|
1 577
-1%
|
1 524
-3%
|
1 631
+7%
|
1 522
-7%
|
1 327
-13%
|
983
-26%
|
1 138
+16%
|
1 541
+35%
|
1 735
+13%
|
1 795
+3%
|
1 843
+3%
|
1 933
+5%
|
1 948
+1%
|
1 953
+0%
|
2 009
+3%
|
2 078
+3%
|
2 203
+6%
|
2 397
+9%
|
2 573
+7%
|
2 781
+8%
|
3 020
+9%
|
3 470
+15%
|
3 832
+10%
|
3 892
+2%
|
3 674
-6%
|
3 430
-7%
|
3 454
+1%
|
2 207
-36%
|
2 155
-2%
|
3 234
+50%
|
3 040
-6%
|
3 043
+0%
|
3 447
+13%
|
3 770
+9%
|
3 951
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 615)
|
(1 268)
|
(1 329)
|
(1 359)
|
(1 245)
|
(1 275)
|
(1 303)
|
(1 235)
|
(1 274)
|
(1 211)
|
(1 083)
|
(1 005)
|
(1 008)
|
(1 057)
|
(1 110)
|
(1 125)
|
(1 122)
|
(1 202)
|
(1 221)
|
(1 207)
|
(1 246)
|
(1 286)
|
(1 342)
|
(1 429)
|
(1 512)
|
(1 616)
|
(1 747)
|
(1 934)
|
(2 384)
|
(2 412)
|
(2 471)
|
(2 468)
|
(2 420)
|
(2 526)
|
(2 527)
|
(2 352)
|
(2 341)
|
(2 502)
|
(2 812)
|
(3 029)
|
(3 113)
|
|
Selling, General & Administrative |
(789)
|
(626)
|
(630)
|
(634)
|
(609)
|
(618)
|
(617)
|
(591)
|
(617)
|
(620)
|
(596)
|
(548)
|
(532)
|
(559)
|
(581)
|
(570)
|
(578)
|
(615)
|
(625)
|
(620)
|
(629)
|
(637)
|
(656)
|
(693)
|
(716)
|
(737)
|
(791)
|
(861)
|
(890)
|
(905)
|
(911)
|
(897)
|
(870)
|
(834)
|
(832)
|
(828)
|
(831)
|
(854)
|
(932)
|
(1 043)
|
(1 084)
|
|
Research & Development |
(716)
|
(572)
|
(603)
|
(625)
|
(610)
|
(629)
|
(640)
|
(636)
|
(668)
|
(694)
|
(687)
|
(643)
|
(688)
|
(731)
|
(754)
|
(673)
|
(561)
|
(517)
|
(461)
|
(461)
|
(465)
|
(485)
|
(509)
|
(546)
|
(590)
|
(649)
|
(703)
|
(967)
|
(1 227)
|
(1 238)
|
(1 250)
|
(1 276)
|
(1 285)
|
(1 170)
|
(1 062)
|
(1 079)
|
(1 118)
|
(1 222)
|
(1 420)
|
(1 540)
|
(1 612)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(72)
|
(137)
|
(142)
|
(149)
|
(161)
|
(176)
|
(191)
|
(207)
|
(231)
|
(253)
|
(265)
|
(267)
|
(269)
|
(310)
|
(354)
|
(408)
|
(654)
|
(735)
|
(555)
|
(541)
|
(585)
|
(582)
|
(558)
|
(531)
|
|
Other Operating Expenses |
(110)
|
(70)
|
(96)
|
(100)
|
(26)
|
(28)
|
(50)
|
(8)
|
11
|
103
|
200
|
186
|
212
|
233
|
225
|
118
|
17
|
2
|
2
|
16
|
(3)
|
(3)
|
(1)
|
1
|
1
|
0
|
0
|
159
|
0
|
0
|
0
|
59
|
143
|
132
|
102
|
110
|
149
|
159
|
122
|
112
|
114
|
|
Operating Income |
463
N/A
|
401
-13%
|
333
-17%
|
275
-17%
|
313
+14%
|
319
+2%
|
274
-14%
|
289
+5%
|
357
+24%
|
383
+7%
|
244
-36%
|
(22)
N/A
|
130
N/A
|
484
+272%
|
625
+29%
|
670
+7%
|
721
+8%
|
731
+1%
|
727
-1%
|
746
+3%
|
763
+2%
|
792
+4%
|
861
+9%
|
968
+12%
|
1 061
+10%
|
1 165
+10%
|
1 273
+9%
|
1 536
+21%
|
1 448
-6%
|
1 480
+2%
|
1 203
-19%
|
962
-20%
|
1 034
+7%
|
(319)
N/A
|
(372)
-17%
|
882
N/A
|
699
-21%
|
541
-23%
|
635
+17%
|
741
+17%
|
838
+13%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(9)
|
(17)
|
(33)
|
(39)
|
(45)
|
(53)
|
(51)
|
(40)
|
(43)
|
(38)
|
(12)
|
(58)
|
(69)
|
(29)
|
(68)
|
(75)
|
(72)
|
(85)
|
(92)
|
(98)
|
(88)
|
(62)
|
(56)
|
(68)
|
(36)
|
(28)
|
129
|
(27)
|
(74)
|
(116)
|
(177)
|
(251)
|
(289)
|
(365)
|
(348)
|
(269)
|
(221)
|
(190)
|
(8)
|
(16)
|
(246)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(10)
|
(9)
|
(11)
|
(3)
|
(8)
|
(38)
|
(50)
|
(296)
|
(300)
|
(46)
|
(51)
|
(35)
|
3
|
(17)
|
(23)
|
(55)
|
(88)
|
(64)
|
(57)
|
(53)
|
(42)
|
(118)
|
(131)
|
(192)
|
(181)
|
(66)
|
(61)
|
(56)
|
(68)
|
(65)
|
(171)
|
(207)
|
(100)
|
(50)
|
(87)
|
(106)
|
(56)
|
(108)
|
|
Total Other Income |
(130)
|
(63)
|
(39)
|
(47)
|
(50)
|
(15)
|
(8)
|
(37)
|
(46)
|
(32)
|
(83)
|
(114)
|
(82)
|
(59)
|
(32)
|
(32)
|
(32)
|
(37)
|
(36)
|
(32)
|
(30)
|
(29)
|
(30)
|
(29)
|
(27)
|
(28)
|
(38)
|
(36)
|
(28)
|
(30)
|
(25)
|
(21)
|
(23)
|
(20)
|
(11)
|
(10)
|
14
|
14
|
(12)
|
(24)
|
(30)
|
|
Pre-Tax Income |
324
N/A
|
321
-1%
|
261
-19%
|
179
-31%
|
209
+17%
|
240
+15%
|
212
-12%
|
204
-4%
|
230
+13%
|
263
+14%
|
(147)
N/A
|
(494)
-236%
|
(67)
+86%
|
345
N/A
|
490
+42%
|
566
+16%
|
600
+6%
|
586
-2%
|
544
-7%
|
528
-3%
|
581
+10%
|
644
+11%
|
722
+12%
|
829
+15%
|
880
+6%
|
978
+11%
|
1 172
+20%
|
1 292
+10%
|
1 280
-1%
|
1 273
-1%
|
945
-26%
|
622
-34%
|
657
+6%
|
(875)
N/A
|
(938)
-7%
|
503
N/A
|
442
-12%
|
278
-37%
|
509
+83%
|
645
+27%
|
454
-30%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(28)
|
(51)
|
(17)
|
(51)
|
(60)
|
(69)
|
(67)
|
(70)
|
(83)
|
(92)
|
(51)
|
(21)
|
(79)
|
(100)
|
(104)
|
(134)
|
(148)
|
(149)
|
(146)
|
(136)
|
(113)
|
(110)
|
(129)
|
(144)
|
(106)
|
(123)
|
(189)
|
(221)
|
(207)
|
(232)
|
(303)
|
(279)
|
(263)
|
(157)
|
(132)
|
(222)
|
(197)
|
(180)
|
(214)
|
(181)
|
(154)
|
|
Income from Continuing Operations |
296
|
270
|
244
|
128
|
149
|
171
|
145
|
134
|
147
|
171
|
(198)
|
(515)
|
(146)
|
245
|
386
|
432
|
452
|
437
|
398
|
392
|
468
|
534
|
593
|
685
|
774
|
855
|
983
|
1 071
|
1 073
|
1 041
|
642
|
343
|
394
|
(1 032)
|
(1 070)
|
281
|
245
|
98
|
295
|
464
|
300
|
|
Income to Minority Interest |
(20)
|
(15)
|
(8)
|
(5)
|
(6)
|
(6)
|
(5)
|
(7)
|
(7)
|
(6)
|
(8)
|
(6)
|
(7)
|
(14)
|
(19)
|
(17)
|
(24)
|
(32)
|
(25)
|
(24)
|
(29)
|
(29)
|
(31)
|
(41)
|
(45)
|
(48)
|
(58)
|
(64)
|
(79)
|
(98)
|
(96)
|
(88)
|
(81)
|
(32)
|
(19)
|
(65)
|
(70)
|
(61)
|
(65)
|
(67)
|
(79)
|
|
Equity Earnings Affiliates |
10
|
7
|
5
|
7
|
6
|
6
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
286
N/A
|
262
-8%
|
241
-8%
|
130
-46%
|
142
+9%
|
164
+15%
|
161
-2%
|
139
-14%
|
81
-42%
|
109
+35%
|
(207)
N/A
|
(520)
-151%
|
(153)
+71%
|
228
N/A
|
365
+60%
|
415
+14%
|
427
+3%
|
402
-6%
|
371
-8%
|
368
-1%
|
439
+19%
|
505
+15%
|
562
+11%
|
644
+15%
|
729
+13%
|
807
+11%
|
925
+15%
|
1 007
+9%
|
877
-13%
|
826
-6%
|
546
-34%
|
255
-53%
|
313
+23%
|
(1 064)
N/A
|
(1 089)
-2%
|
216
N/A
|
175
-19%
|
37
-79%
|
230
+522%
|
397
+73%
|
221
-44%
|
|
EPS (Diluted) |
1.16
N/A
|
1.07
-8%
|
0.98
-8%
|
0.54
-45%
|
0.61
+13%
|
0.7
+15%
|
0.7
N/A
|
0.6
-14%
|
0.34
-43%
|
0.45
+32%
|
-0.92
N/A
|
-2.32
-152%
|
-0.68
+71%
|
1.02
N/A
|
1.62
+59%
|
1.83
+13%
|
1.9
+4%
|
1.8
-5%
|
1.64
-9%
|
1.61
-2%
|
1.91
+19%
|
2.11
+10%
|
2.41
+14%
|
2.7
+12%
|
3.05
+13%
|
3.38
+11%
|
3.86
+14%
|
4.19
+9%
|
3.64
-13%
|
3.44
-5%
|
2.28
-34%
|
1.07
-53%
|
1.31
+22%
|
-4.45
N/A
|
-4.55
-2%
|
0.9
N/A
|
0.72
-20%
|
0.15
-79%
|
0.94
+527%
|
1.62
+72%
|
0.9
-44%
|