| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.5B | $7.2B | $5.4B | -24.0% | 1.4% |
| Op. Income | $145M | $1.5B | $972M | -90.6% | -85.1% |
| Gross Margin | 287.5% | 23.7% | 23.9% | 263.8pp | 263.7pp |
| Net Margin | 7.9% | 12.9% | 15.8% | -5.0pp | -7.9pp |
| EPS (Diluted) | $1.38 | $2.97 | $2.71 | -53.5% | -49.1% |
| Free Cash Flow | -$181M | $1.5B | -$1.7B | -112.4% | 89.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | -$10.3B |
| GROSS PROFIT | $15.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$13M |
| Other Expenses | $15.6B |
| Operating Expenses | $15.6B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $145M |
| Interest Income | $0 |
| Interest Expense | $113M |
| Other Income/Expenses | $547M |
| INCOME BEFORE TAX | $692M |
| Income Tax Expense | $264M |
| Net Income from Continuing Ops | $428M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $432M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $432M |
| D&A | $496M |
| EBIT | $805M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.5B |
| Cost of Revenue | -$10.3B |
| GROSS PROFIT | $15.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | -$13M |
| Other Expenses | $15.6B |
| Operating Expenses | $15.6B |
| Cost & Expenses | $5.3B |
| OPERATING INCOME | $145M |
| Interest Income | $0 |
| Interest Expense | $113M |
| Other Income/Expenses | $547M |
| INCOME BEFORE TAX | $692M |
| Income Tax Expense | $264M |
| Net Income from Continuing Ops | $428M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $432M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $432M |
| D&A | $496M |
| EBIT | $805M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $432M |
| Depreciation & Amortization | $496M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$98M |
| Other Non-Cash Items | $354M |
| Change in Working Capital | -$379M |
| OPERATING CASH FLOW | $805M |
| Capital Expenditure | -$986M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $100M |
| NET CASH FROM INVESTING | -$977M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$121M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$171M |
| FREE CASH FLOW | -$181M |
| Net Change in Cash | -$343M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $0 |
| Net Receivables | $4.3B |
| Inventory | $1.7B |
| Other Current Assets | $2.4B |
| TOTAL CURRENT ASSETS | $12.1B |
| PP&E (Net) | $22.5B |
| Goodwill | $420M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22.2B |
| TOTAL NON-CURRENT ASSETS | $45.1B |
| TOTAL ASSETS | $57.2B |
| Account Payables | $0 |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.2B |
| TOTAL CURRENT LIABILITIES | $7.9B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.5B |
| Other Non-Current Liabilities | $23.7B |
| TOTAL NON-CURRENT LIABILITIES | $34.5B |
| TOTAL LIABILITIES | $42.4B |
| Common Stock | $11.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.5B |
| Minority Interest | $336M |
| TOTAL EQUITY | $14.9B |
| TOTAL LIABILITIES & EQUITY | $57.2B |
| Total Debt | $9.0B |
| Net Debt | $5.2B |
