| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | — | 1.1% | — |
| Op. Income | $249M | $263M | — | -5.3% | — |
| Gross Margin | 46.3% | 49.3% | — | -3.0pp | — |
| Net Margin | 12.7% | 12.5% | — | 0.2pp | — |
| EPS (Diluted) | $1.72 | $1.67 | — | 3.0% | — |
| Free Cash Flow | $865M | $828M | — | 4.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $866M |
| GROSS PROFIT | $746M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $288M |
| SG&A Expenses | $288M |
| Other Expenses | $209M |
| Operating Expenses | $497M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $249M |
| Interest Income | $1.4B |
| Interest Expense | $323M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $249M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $73M |
| EBIT | $249M |
| EBITDA | $322M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $866M |
| GROSS PROFIT | $746M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $288M |
| SG&A Expenses | $288M |
| Other Expenses | $209M |
| Operating Expenses | $497M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $249M |
| Interest Income | $1.4B |
| Interest Expense | $323M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $249M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $204M |
| D&A | $73M |
| EBIT | $249M |
| EBITDA | $322M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $204M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | $530M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $865M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$76M |
| Sales/Maturities of Investments | $153M |
| Other Investing Activities | -$884M |
| NET CASH FROM INVESTING | -$807M |
| Net Debt Issuance | $342M |
| Common Stock Repurchased | -$71M |
| Common Dividends Paid | $67M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $149M |
| FREE CASH FLOW | $865M |
| Net Change in Cash | $207M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $914M |
| Short-Term Investments | $421M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $699M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $0 |
| Goodwill | $1.5B |
| Intangible Assets | $282M |
| Long-Term Investments | $23.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $461M |
| TOTAL NON-CURRENT ASSETS | $25.4B |
| TOTAL ASSETS | $27.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $22.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $24.0B |
| TOTAL LIABILITIES | $24.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $2.6B |
| Treasury Stock | -$895M |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $27.4B |
| Total Debt | $22.7B |
| Net Debt | $21.8B |
