| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.3B | $3.0B | $3.2B | 6.9% | 2.3% |
| Op. Income | $1.3B | $1.2B | $1.2B | 7.8% | 6.4% |
| Gross Margin | 46.3% | 44.9% | 41.5% | 1.4pp | 4.8pp |
| Net Margin | 28.0% | 27.3% | 26.3% | 0.6pp | 1.7pp |
| EPS (Diluted) | $1.48 | $1.34 | $1.33 | 10.4% | 11.0% |
| Free Cash Flow | $729M | $590M | $768M | 23.4% | -5.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $244M |
| Other Expenses | $0 |
| Operating Expenses | $244M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $171M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $307M |
| Net Income from Continuing Ops | $911M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $911M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $911M |
| D&A | $333M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $244M |
| Other Expenses | $0 |
| Operating Expenses | $244M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $171M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $307M |
| Net Income from Continuing Ops | $911M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $911M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $911M |
| D&A | $333M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $911M |
| Depreciation & Amortization | $333M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $105M |
| Other Non-Cash Items | -$77M |
| Change in Working Capital | $353M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$897M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$900M |
| Net Debt Issuance | $223M |
| Common Stock Repurchased | -$447M |
| Common Dividends Paid | -$398M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$626M |
| FREE CASH FLOW | $729M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $0 |
| Net Receivables | $816M |
| Inventory | $536M |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $36.2B |
| Goodwill | $382M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $446M |
| Other Non-Current Assets | $3.9B |
| TOTAL NON-CURRENT ASSETS | $41.0B |
| TOTAL ASSETS | $42.8B |
| Account Payables | $2.0B |
| Short-Term Debt | $662M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $15.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8.2B |
| Other Non-Current Liabilities | $829M |
| TOTAL NON-CURRENT LIABILITIES | $24.3B |
| TOTAL LIABILITIES | $27.0B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $303M |
| Retained Earnings | $13.8B |
| Treasury Stock | -$111M |
| Accum. Other Comp. Income | -$779M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.7B |
| TOTAL LIABILITIES & EQUITY | $42.8B |
| Total Debt | $15.9B |
| Net Debt | $15.7B |
