| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.8B | $8.6B | — | 1.7% | — |
| Op. Income | $2.0B | $2.3B | — | -13.8% | — |
| Gross Margin | 48.1% | 38.0% | — | 10.1pp | — |
| Net Margin | 17.9% | 22.4% | — | -4.4pp | — |
| EPS (Diluted) | $3.26 | $4.09 | — | -20.3% | — |
| Free Cash Flow | $1.6B | $1.7B | — | -6.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $880M |
| Other Expenses | $1.3B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $6.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $481M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $950M |
| EBIT | $2.1B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $4.5B |
| GROSS PROFIT | $4.2B |
| R&D Expenses | $35M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $880M |
| Other Expenses | $1.3B |
| Operating Expenses | $2.2B |
| Cost & Expenses | $6.7B |
| OPERATING INCOME | $2.0B |
| Interest Income | $0 |
| Interest Expense | $64M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $2.0B |
| Income Tax Expense | $481M |
| Net Income from Continuing Ops | $1.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.6B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.6B |
| D&A | $950M |
| EBIT | $2.1B |
| EBITDA | $3.0B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $1.6B |
| Depreciation & Amortization | $950M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $140M |
| Other Non-Cash Items | $205M |
| Change in Working Capital | $162M |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$1.5B |
| Acquisitions (Net) | -$19M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | -$1.5B |
| Net Debt Issuance | $994M |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | -$698M |
| Other Financing Activities | $73M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | $1.6B |
| Net Change in Cash | $547M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $0 |
| Net Receivables | $5.2B |
| Inventory | $2.1B |
| Other Current Assets | $979M |
| TOTAL CURRENT ASSETS | $13.3B |
| PP&E (Net) | $28.3B |
| Goodwill | $27.9B |
| Intangible Assets | $11.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.4B |
| TOTAL NON-CURRENT ASSETS | $73.5B |
| TOTAL ASSETS | $86.8B |
| Account Payables | $2.8B |
| Short-Term Debt | $6.3B |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $4.9B |
| TOTAL CURRENT LIABILITIES | $15.2B |
| Long-Term Debt | $20.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11.2B |
| TOTAL NON-CURRENT LIABILITIES | $31.9B |
| TOTAL LIABILITIES | $47.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $39.4B |
| Retained Earnings | $16.6B |
| Treasury Stock | -$11.6B |
| Accum. Other Comp. Income | -$6.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $38.2B |
| Minority Interest | $1.5B |
| TOTAL EQUITY | $39.7B |
| TOTAL LIABILITIES & EQUITY | $86.8B |
| Total Debt | $27.0B |
| Net Debt | $21.9B |
