| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | $7.0B | $8.1B | 0.9% | -13.2% |
| Op. Income | $1.3B | $3.2B | $1.9B | -59.2% | -30.8% |
| Gross Margin | 21.2% | 48.4% | 25.8% | -27.2pp | -4.6pp |
| Net Margin | 55.2% | 6.3% | 10.3% | 48.9pp | 44.9pp |
| EPS (Diluted) | $1.86 | $0.21 | $0.39 | 775.9% | 370.4% |
| Free Cash Flow | $1.7B | $1.3B | $1.6B | 27.3% | 8.4% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $177M |
| Other Expenses | $0 |
| Operating Expenses | $177M |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $179M |
| Other Income/Expenses | $3.7B |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $1.9B |
| EBIT | $1.3B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $5.5B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $177M |
| Other Expenses | $0 |
| Operating Expenses | $177M |
| Cost & Expenses | $5.7B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $179M |
| Other Income/Expenses | $3.7B |
| INCOME BEFORE TAX | $5.0B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $3.9B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.9B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.9B |
| D&A | $1.9B |
| EBIT | $1.3B |
| EBITDA | $3.2B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $3.9B |
| Depreciation & Amortization | $1.9B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $732M |
| Other Non-Cash Items | -$3.9B |
| Change in Working Capital | $98M |
| OPERATING CASH FLOW | $2.8B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $182M |
| NET CASH FROM INVESTING | -$876M |
| Net Debt Issuance | -$331M |
| Common Stock Repurchased | -$215M |
| Common Dividends Paid | -$895M |
| Other Financing Activities | -$79M |
| NET CASH FROM FINANCING | -$1.5B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $410M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $491M |
| Short-Term Investments | $0 |
| Net Receivables | $2.9B |
| Inventory | $1.9B |
| Other Current Assets | $271M |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $58.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $61.5B |
| TOTAL ASSETS | $67.1B |
| Account Payables | $807M |
| Short-Term Debt | $594M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.8B |
| TOTAL CURRENT LIABILITIES | $5.9B |
| Long-Term Debt | $11.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8.2B |
| Other Non-Current Liabilities | $6.7B |
| TOTAL NON-CURRENT LIABILITIES | $28.8B |
| TOTAL LIABILITIES | $34.7B |
| Common Stock | $8.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $23.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $160M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $32.4B |
| TOTAL LIABILITIES & EQUITY | $67.1B |
| Total Debt | $14.4B |
| Net Debt | $13.9B |
