| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.3B | $15.0B | — | -11.1% | — |
| Op. Income | $2.0B | $2.7B | — | -25.7% | — |
| Gross Margin | 19.6% | 23.4% | — | -3.7pp | — |
| Net Margin | 10.8% | 11.5% | — | -0.7pp | — |
| EPS (Diluted) | $1.16 | $1.38 | — | -15.9% | — |
| Free Cash Flow | $1.3B | $12.5B | — | -89.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $13.3B |
| Cost of Revenue | $10.7B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $498M |
| Operating Expenses | $607M |
| Cost & Expenses | $11.3B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $290M |
| Other Income/Expenses | $238M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $803M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $3.1B |
| EBIT | $2.0B |
| EBITDA | $5.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.3B |
| Cost of Revenue | $10.7B |
| GROSS PROFIT | $2.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $109M |
| Other Expenses | $498M |
| Operating Expenses | $607M |
| Cost & Expenses | $11.3B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $290M |
| Other Income/Expenses | $238M |
| INCOME BEFORE TAX | $2.2B |
| Income Tax Expense | $803M |
| Net Income from Continuing Ops | $1.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.4B |
| Net Income Deductions | $5M |
| BOTTOM LINE NET INCOME | $1.4B |
| D&A | $3.1B |
| EBIT | $2.0B |
| EBITDA | $5.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.4B |
| Depreciation & Amortization | $3.0B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1.2B |
| Other Non-Cash Items | -$1.3B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $4.3B |
| Capital Expenditure | -$3.0B |
| Acquisitions (Net) | $1.6B |
| Purchases of Investments | -$205M |
| Sales/Maturities of Investments | $706M |
| Other Investing Activities | $56M |
| NET CASH FROM INVESTING | -$850M |
| Net Debt Issuance | -$62M |
| Common Stock Repurchased | -$1.0B |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2.2B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.5B |
| Short-Term Investments | $484M |
| Net Receivables | $5.8B |
| Inventory | $1.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15.5B |
| PP&E (Net) | $93.2B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $10.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $103.4B |
| TOTAL ASSETS | $121.9B |
| Account Payables | $6.2B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.0B |
| TOTAL CURRENT LIABILITIES | $12.0B |
| Long-Term Debt | $22.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12.2B |
| Other Non-Current Liabilities | $10.8B |
| TOTAL NON-CURRENT LIABILITIES | $45.5B |
| TOTAL LIABILITIES | $57.5B |
| Common Stock | $23M |
| Additional Paid-In Capital | $77.7B |
| Retained Earnings | $68.9B |
| Treasury Stock | -$76.2B |
| Accum. Other Comp. Income | -$5.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $64.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $64.5B |
| TOTAL LIABILITIES & EQUITY | $121.9B |
| Total Debt | $23.4B |
| Net Debt | $16.9B |
