| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $5.1B | $4.9B | 1.9% | 5.8% |
| Op. Income | $1.1B | $1.1B | $1.1B | -1.8% | -1.2% |
| Gross Margin | 60.2% | 59.4% | 60.3% | 0.7pp | -0.2pp |
| Net Margin | -0.7% | 14.3% | 14.9% | -15.0pp | -15.7pp |
| EPS (Diluted) | $-0.05 | $0.91 | $0.90 | -105.1% | -105.1% |
| Free Cash Flow | $1.3B | $1.1B | $1.1B | 15.4% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $2.1B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.1B |
| Other Expenses | $0 |
| Operating Expenses | $2.1B |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $1.1B |
| Interest Income | $18M |
| Interest Expense | $64M |
| Other Income/Expenses | -$970M |
| INCOME BEFORE TAX | $107M |
| Income Tax Expense | $112M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $0 |
| EBIT | $171M |
| EBITDA | $171M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$117M |
| Other Non-Cash Items | $1.2B |
| Change in Working Capital | $447M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$177M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$161M |
| Sales/Maturities of Investments | $244M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$103M |
| Net Debt Issuance | -$437M |
| Common Stock Repurchased | -$406M |
| Common Dividends Paid | -$523M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$1.4B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $2.0B |
| Other Current Assets | $714M |
| TOTAL CURRENT ASSETS | $5.7B |
| PP&E (Net) | $4.7B |
| Goodwill | $3.1B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $10.6B |
| TOTAL ASSETS | $16.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.7B |
| TOTAL CURRENT LIABILITIES | $5.7B |
| Long-Term Debt | $8.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $10.2B |
| TOTAL LIABILITIES | $16.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $54M |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $311M |
| TOTAL EQUITY | $365M |
| TOTAL LIABILITIES & EQUITY | $16.3B |
| Total Debt | $8.0B |
| Net Debt | $6.7B |
