| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.1B | $8.6B | — | 5.0% | — |
| Op. Income | $2.7B | $1.6B | — | 72.9% | — |
| Gross Margin | 29.4% | 19.2% | — | 10.3pp | — |
| Net Margin | 10.8% | 10.9% | — | -0.1pp | — |
| EPS (Diluted) | $1.55 | $1.49 | — | 4.0% | — |
| Free Cash Flow | $576M | $820M | — | -29.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $9.1B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$25M |
| Operating Expenses | -$25M |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $453M |
| Other Income/Expenses | -$1.4B |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $274M |
| Net Income from Continuing Ops | $978M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $979M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $979M |
| D&A | $388M |
| EBIT | $1.7B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $9.1B |
| Cost of Revenue | $6.4B |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$25M |
| Operating Expenses | -$25M |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $2.7B |
| Interest Income | $0 |
| Interest Expense | $453M |
| Other Income/Expenses | -$1.4B |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $274M |
| Net Income from Continuing Ops | $978M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $979M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $979M |
| D&A | $388M |
| EBIT | $1.7B |
| EBITDA | $2.1B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $978M |
| Depreciation & Amortization | $388M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $226M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$970M |
| Acquisitions (Net) | -$148M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$874M |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | -$648M |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$1.6B |
| FREE CASH FLOW | $576M |
| Net Change in Cash | -$1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $0 |
| Net Receivables | $3.0B |
| Inventory | $948M |
| Other Current Assets | $452M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $47.9B |
| Goodwill | $8.1B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $2.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $444M |
| TOTAL NON-CURRENT ASSETS | $62.2B |
| TOTAL ASSETS | $66.6B |
| Account Payables | $2.8B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $967M |
| TOTAL CURRENT LIABILITIES | $6.4B |
| Long-Term Debt | $30.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.3B |
| Other Non-Current Liabilities | $603M |
| TOTAL NON-CURRENT LIABILITIES | $37.7B |
| TOTAL LIABILITIES | $44.1B |
| Common Stock | $7M |
| Additional Paid-In Capital | $21.0B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$829M |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22.5B |
| Minority Interest | $84M |
| TOTAL EQUITY | $22.6B |
| TOTAL LIABILITIES & EQUITY | $66.6B |
| Total Debt | $32.8B |
| Net Debt | $32.7B |
