| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.9B | $2.7B | $2.8B | 7.2% | 1.3% |
| Op. Income | $1.2B | $976M | $1.1B | 20.7% | 3.4% |
| Gross Margin | 36.9% | 68.6% | 54.1% | -31.8pp | -17.2pp |
| Net Margin | 27.5% | 25.1% | 31.0% | 2.3pp | -3.5pp |
| EPS (Diluted) | $0.88 | $0.74 | $0.94 | 18.8% | -6.3% |
| Free Cash Flow | $533M | $297M | $696M | 79.1% | -23.5% |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$122M |
| Operating Expenses | -$122M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $168M |
| Other Income/Expenses | -$99M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $292M |
| Net Income from Continuing Ops | $787M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $787M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $787M |
| D&A | $379M |
| EBIT | $1.2B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.9B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$122M |
| Operating Expenses | -$122M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $168M |
| Other Income/Expenses | -$99M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $292M |
| Net Income from Continuing Ops | $787M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $787M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $787M |
| D&A | $379M |
| EBIT | $1.2B |
| EBITDA | $1.6B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $787M |
| Depreciation & Amortization | $379M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $108M |
| Other Non-Cash Items | -$123M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$581M |
| Acquisitions (Net) | -$360M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $403M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$557M |
| Net Debt Issuance | -$292M |
| Common Stock Repurchased | -$290M |
| Common Dividends Paid | -$149M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$715M |
| FREE CASH FLOW | $533M |
| Net Change in Cash | -$166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $134M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $367M |
| Other Current Assets | $164M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $40.4B |
| Goodwill | $13.5B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $346M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.3B |
| TOTAL NON-CURRENT ASSETS | $60.7B |
| TOTAL ASSETS | $62.8B |
| Account Payables | $2.0B |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $14.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8.6B |
| Other Non-Current Liabilities | $988M |
| TOTAL NON-CURRENT LIABILITIES | $24.2B |
| TOTAL LIABILITIES | $28.6B |
| Common Stock | $18.1B |
| Additional Paid-In Capital | $77M |
| Retained Earnings | $14.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $905M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33.5B |
| Minority Interest | $693M |
| TOTAL EQUITY | $34.2B |
| TOTAL LIABILITIES & EQUITY | $62.8B |
| Total Debt | $16.9B |
| Net Debt | $16.8B |
