| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45.8B | $48.2B | — | -4.9% | — |
| Op. Income | $4.0B | $4.3B | — | -6.4% | — |
| Gross Margin | 31.8% | 31.1% | — | 0.7pp | — |
| Net Margin | 6.0% | 7.3% | — | -1.3pp | — |
| EPS (Diluted) | $1.39 | $1.82 | — | -23.6% | — |
| Free Cash Flow | $5.4B | $4.7B | — | 15.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $45.8B |
| Cost of Revenue | $31.2B |
| GROSS PROFIT | $14.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $9.0B |
| Operating Expenses | $10.5B |
| Cost & Expenses | $41.8B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | $361M |
| Other Income/Expenses | $576M |
| INCOME BEFORE TAX | $4.6B |
| Income Tax Expense | $1.8B |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $6.0B |
| EBIT | $5.0B |
| EBITDA | $10.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $45.8B |
| Cost of Revenue | $31.2B |
| GROSS PROFIT | $14.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.5B |
| Other Expenses | $9.0B |
| Operating Expenses | $10.5B |
| Cost & Expenses | $41.8B |
| OPERATING INCOME | $4.0B |
| Interest Income | $0 |
| Interest Expense | $361M |
| Other Income/Expenses | $576M |
| INCOME BEFORE TAX | $4.6B |
| Income Tax Expense | $1.8B |
| Net Income from Continuing Ops | $2.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.8B |
| D&A | $6.0B |
| EBIT | $5.0B |
| EBITDA | $10.9B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.8B |
| Depreciation & Amortization | $14.3B |
| Stock-Based Compensation | -$100.0K |
| Deferred Income Tax | $786M |
| Other Non-Cash Items | -$9.1B |
| Change in Working Capital | $2.0B |
| OPERATING CASH FLOW | $10.8B |
| Capital Expenditure | -$5.4B |
| Acquisitions (Net) | -$608M |
| Purchases of Investments | $9M |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | -$233M |
| NET CASH FROM INVESTING | -$4.9B |
| Net Debt Issuance | -$924M |
| Common Stock Repurchased | -$2.8B |
| Common Dividends Paid | -$3.4B |
| Other Financing Activities | -$182M |
| NET CASH FROM FINANCING | -$7.4B |
| FREE CASH FLOW | $5.4B |
| Net Change in Cash | -$1.7B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.5B |
| Short-Term Investments | $4M |
| Net Receivables | $18.1B |
| Inventory | $9.7B |
| Other Current Assets | $4.3B |
| TOTAL CURRENT ASSETS | $38.6B |
| PP&E (Net) | $225.8B |
| Goodwill | $4.6B |
| Intangible Assets | $0 |
| Long-Term Investments | $45.7B |
| Tax Assets | $2.9B |
| Other Non-Current Assets | $6.5B |
| TOTAL NON-CURRENT ASSETS | $285.5B |
| TOTAL ASSETS | $324.0B |
| Account Payables | $19.2B |
| Short-Term Debt | $2.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.5B |
| TOTAL CURRENT LIABILITIES | $33.4B |
| Long-Term Debt | $39.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30.0B |
| Other Non-Current Liabilities | $24.5B |
| TOTAL NON-CURRENT LIABILITIES | $98.4B |
| TOTAL LIABILITIES | $131.8B |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $33.9B |
| Retained Earnings | $205.4B |
| Treasury Stock | -$51.9B |
| Accum. Other Comp. Income | -$2.7B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $186.4B |
| Minority Interest | $5.7B |
| TOTAL EQUITY | $192.2B |
| TOTAL LIABILITIES & EQUITY | $324.0B |
| Total Debt | $46.7B |
| Net Debt | $40.3B |
