| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.8B | — | — | — | — |
| Op. Income | $603M | — | — | — | — |
| Gross Margin | 25.7% | — | — | — | — |
| Net Margin | -1.3% | — | — | — | — |
| EPS (Diluted) | $-0.08 | — | — | — | — |
| Free Cash Flow | -$30M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $3.8B |
| Cost of Revenue | $2.8B |
| GROSS PROFIT | $975M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $372M |
| Operating Expenses | $372M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $603M |
| Interest Income | $0 |
| Interest Expense | $321M |
| Other Income/Expenses | -$600M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $362M |
| EBIT | $458M |
| EBITDA | $820M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $332M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $167M |
| Change in Working Capital | $689M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | -$26M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$92M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | -$916M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$257M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $577M |
| Other Current Assets | $282M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $44.7B |
| Goodwill | $5.6B |
| Intangible Assets | $0 |
| Long-Term Investments | $641M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $52.9B |
| TOTAL ASSETS | $55.9B |
| Account Payables | $2.0B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $25.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.0B |
| Other Non-Current Liabilities | $4.7B |
| TOTAL NON-CURRENT LIABILITIES | $36.7B |
| TOTAL LIABILITIES | $42.0B |
| Common Stock | $58M |
| Additional Paid-In Capital | $12.4B |
| Retained Earnings | $35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.5B |
| Minority Interest | $1.4B |
| TOTAL EQUITY | $13.9B |
| TOTAL LIABILITIES & EQUITY | $55.9B |
| Total Debt | $27.1B |
| Net Debt | $27.0B |
