| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20.3B | $19.1B | $18.8B | 5.9% | 7.7% |
| Op. Income | -$490M | $490M | $276M | -200.1% | -277.6% |
| Gross Margin | 25.1% | 27.4% | 27.4% | -2.3pp | -2.3pp |
| Net Margin | -2.4% | 1.5% | 0.9% | -3.9pp | -3.3pp |
| EPS (Diluted) | $-0.94 | $0.55 | $0.29 | -270.9% | -424.1% |
| Free Cash Flow | $291M | $1.2B | $274M | -75.5% | 6.0% |
| Item | Amount |
|---|---|
| REVENUE | $20.3B |
| Cost of Revenue | $15.2B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5.6B |
| Other Expenses | $0 |
| Operating Expenses | $5.6B |
| Cost & Expenses | $20.7B |
| OPERATING INCOME | -$490M |
| Interest Income | $0 |
| Interest Expense | $141M |
| Other Income/Expenses | -$151M |
| INCOME BEFORE TAX | -$641M |
| Income Tax Expense | -$160M |
| Net Income from Continuing Ops | -$481M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$481M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$481M |
| D&A | $661M |
| EBIT | -$490M |
| EBITDA | $171M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$481M |
| Depreciation & Amortization | $661M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$208M |
| Other Non-Cash Items | $68M |
| Change in Working Capital | $677M |
| OPERATING CASH FLOW | $717M |
| Capital Expenditure | -$427M |
| Acquisitions (Net) | $24M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$394M |
| Net Debt Issuance | -$61M |
| Common Stock Repurchased | -$129M |
| Common Dividends Paid | -$76M |
| Other Financing Activities | -$55M |
| NET CASH FROM FINANCING | -$321M |
| FREE CASH FLOW | $291M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $199M |
| Short-Term Investments | $0 |
| Net Receivables | $933M |
| Inventory | $5.2B |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $16.0B |
| Goodwill | $1.2B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $687M |
| TOTAL NON-CURRENT ASSETS | $20.1B |
| TOTAL ASSETS | $26.8B |
| Account Payables | $4.0B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $7.8B |
| Long-Term Debt | $8.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $631M |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $17.1B |
| TOTAL LIABILITIES | $24.9B |
| Common Stock | $6M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $1.4B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | $83M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $26.8B |
| Total Debt | $15.3B |
| Net Debt | $15.1B |
