| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.6B | 6.8% | -10.8% |
| Op. Income | $574M | $403M | $663M | 42.5% | -13.5% |
| Gross Margin | 34.3% | 40.4% | 47.7% | -6.1pp | -13.4pp |
| Net Margin | 25.6% | 16.0% | 26.7% | 9.6pp | -1.1pp |
| EPS (Diluted) | $0.57 | $0.31 | $0.67 | 81.4% | -15.2% |
| Free Cash Flow | $451M | $457M | $482M | -1.3% | -6.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $919M |
| GROSS PROFIT | $479M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $118M |
| SG&A Expenses | $118M |
| Other Expenses | -$212M |
| Operating Expenses | -$94M |
| Cost & Expenses | $824M |
| OPERATING INCOME | $574M |
| Interest Income | $2M |
| Interest Expense | $92M |
| Other Income/Expenses | -$108M |
| INCOME BEFORE TAX | $466M |
| Income Tax Expense | $108M |
| NET INCOME | $357M |
| D&A | $174M |
| EBIT | $558M |
| EBITDA | $732M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $919M |
| GROSS PROFIT | $479M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $118M |
| SG&A Expenses | $118M |
| Other Expenses | -$212M |
| Operating Expenses | -$94M |
| Cost & Expenses | $824M |
| OPERATING INCOME | $574M |
| Interest Income | $2M |
| Interest Expense | $92M |
| Other Income/Expenses | -$108M |
| INCOME BEFORE TAX | $466M |
| Income Tax Expense | $108M |
| NET INCOME | $357M |
| D&A | $174M |
| EBIT | $558M |
| EBITDA | $732M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $357M |
| Depreciation & Amortization | $174M |
| Stock-Based Compensation | -$50M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $28M |
| Change in Working Capital | $120M |
| OPERATING CASH FLOW | $629M |
| Capital Expenditure | -$178M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$21M |
| NET CASH FROM INVESTING | -$200M |
| Net Debt Issuance | $29M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$324M |
| Other Financing Activities | -$164M |
| NET CASH FROM FINANCING | -$460M |
| FREE CASH FLOW | $451M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $611M |
| Inventory | $208M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $920M |
| PP&E (Net) | $16.9B |
| Goodwill | $0 |
| Intangible Assets | $4.6B |
| Long-Term Investments | $3.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $388M |
| TOTAL NON-CURRENT ASSETS | $25.1B |
| TOTAL ASSETS | $26.0B |
| Account Payables | $965M |
| Short-Term Debt | $438M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $8.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.0B |
| TOTAL NON-CURRENT LIABILITIES | $12.2B |
| TOTAL LIABILITIES | $13.7B |
| Common Stock | $12.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.3B |
| TOTAL LIABILITIES & EQUITY | $26.0B |
| Total Debt | $9.7B |
| Net Debt | $9.6B |
