| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.9B | — | -8.7% | — |
| Op. Income | $800M | $792M | — | 1.0% | — |
| Gross Margin | 35.4% | 32.7% | — | 2.7pp | — |
| Net Margin | 10.7% | 7.7% | — | 3.0pp | — |
| EPS (Diluted) | $1.20 | $0.94 | — | 27.7% | — |
| Free Cash Flow | $2.2B | -$934M | — | 334.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $84M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $800M |
| Interest Income | $0 |
| Interest Expense | $186M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $749M |
| Income Tax Expense | $160M |
| Net Income from Continuing Ops | $589M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $580M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $580M |
| D&A | $576M |
| EBIT | $935M |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $3.5B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.0B |
| Other Expenses | $84M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $4.6B |
| OPERATING INCOME | $800M |
| Interest Income | $0 |
| Interest Expense | $186M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $749M |
| Income Tax Expense | $160M |
| Net Income from Continuing Ops | $589M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $580M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $580M |
| D&A | $576M |
| EBIT | $935M |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $580M |
| Depreciation & Amortization | $576M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | -$275M |
| Change in Working Capital | $2.1B |
| OPERATING CASH FLOW | $3.0B |
| Capital Expenditure | -$844M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | $35M |
| Sales/Maturities of Investments | $423M |
| Other Investing Activities | $143M |
| NET CASH FROM INVESTING | -$255M |
| Net Debt Issuance | -$2.2B |
| Common Stock Repurchased | -$152M |
| Common Dividends Paid | -$267M |
| Other Financing Activities | -$111M |
| NET CASH FROM FINANCING | -$2.7B |
| FREE CASH FLOW | $2.2B |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $700M |
| Short-Term Investments | $0 |
| Net Receivables | $5.7B |
| Inventory | $7.0B |
| Other Current Assets | $1.4B |
| TOTAL CURRENT ASSETS | $14.7B |
| PP&E (Net) | $22.7B |
| Goodwill | $12.1B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $144M |
| Tax Assets | $0 |
| Other Non-Current Assets | $856M |
| TOTAL NON-CURRENT ASSETS | $37.5B |
| TOTAL ASSETS | $52.2B |
| Account Payables | $9.3B |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.0B |
| Long-Term Debt | $10.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.7B |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $15.9B |
| TOTAL LIABILITIES | $26.9B |
| Common Stock | $13.5B |
| Additional Paid-In Capital | $57M |
| Retained Earnings | $12.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$328M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.3B |
| Minority Interest | $42M |
| TOTAL EQUITY | $25.3B |
| TOTAL LIABILITIES & EQUITY | $52.2B |
| Total Debt | $12.9B |
| Net Debt | $12.2B |
