| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $4.3B | — | -7.4% | — |
| Op. Income | $657M | $902M | — | -27.2% | — |
| Gross Margin | 20.1% | 23.9% | — | -3.8pp | — |
| Net Margin | 14.3% | 16.2% | — | -1.9pp | — |
| EPS (Diluted) | $0.90 | $1.09 | — | -17.4% | — |
| Free Cash Flow | $641M | $820M | — | -21.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $792M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $0 |
| Operating Expenses | $135M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $657M |
| Interest Income | $14M |
| Interest Expense | $119M |
| Other Income/Expenses | $90M |
| INCOME BEFORE TAX | $747M |
| Income Tax Expense | $185M |
| Net Income from Continuing Ops | $562M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $562M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $562M |
| D&A | $890M |
| EBIT | $657M |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.1B |
| GROSS PROFIT | $792M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $0 |
| Operating Expenses | $135M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $657M |
| Interest Income | $14M |
| Interest Expense | $119M |
| Other Income/Expenses | $90M |
| INCOME BEFORE TAX | $747M |
| Income Tax Expense | $185M |
| Net Income from Continuing Ops | $562M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $562M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $562M |
| D&A | $890M |
| EBIT | $657M |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $562M |
| Depreciation & Amortization | $890M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $162M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$933M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$149M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$407M |
| FREE CASH FLOW | $641M |
| Net Change in Cash | $156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $336M |
| Other Current Assets | $444M |
| TOTAL CURRENT ASSETS | $4.0B |
| PP&E (Net) | $25.7B |
| Goodwill | $753M |
| Intangible Assets | $0 |
| Long-Term Investments | $727M |
| Tax Assets | $0 |
| Other Non-Current Assets | $395M |
| TOTAL NON-CURRENT ASSETS | $27.6B |
| TOTAL ASSETS | $31.6B |
| Account Payables | $2.3B |
| Short-Term Debt | $998M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $807M |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $7.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $12.0B |
| TOTAL LIABILITIES | $16.1B |
| Common Stock | $62M |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | $10.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$122M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.5B |
| TOTAL LIABILITIES & EQUITY | $31.6B |
| Total Debt | $8.8B |
| Net Debt | $7.3B |
