| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.8B | $9.2B | $9.2B | -4.1% | -3.9% |
| Op. Income | $2.8B | $3.1B | $2.8B | -11.3% | 0.2% |
| Gross Margin | 61.0% | 60.3% | 57.7% | 0.7pp | 3.4pp |
| Net Margin | 12.3% | 12.9% | 6.5% | -0.6pp | 5.7pp |
| EPS (Diluted) | $0.90 | $0.98 | $0.48 | -8.2% | 89.2% |
| Free Cash Flow | $1.8B | $1.7B | $2.6B | 4.3% | -31.7% |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $2.8B |
| Interest Income | $106M |
| Interest Expense | $150M |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $388M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $1.4B |
| EBIT | $1.6B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $8.8B |
| Cost of Revenue | $3.4B |
| GROSS PROFIT | $5.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.6B |
| Other Expenses | $0 |
| Operating Expenses | $2.6B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $2.8B |
| Interest Income | $106M |
| Interest Expense | $150M |
| Other Income/Expenses | -$1.3B |
| INCOME BEFORE TAX | $1.5B |
| Income Tax Expense | $388M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $1.4B |
| EBIT | $1.6B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $1.4B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $46M |
| Other Non-Cash Items | -$203M |
| Change in Working Capital | $513M |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$1.1B |
| Acquisitions (Net) | $35M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$730.2K |
| NET CASH FROM INVESTING | -$1.1B |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$607M |
| Common Dividends Paid | -$525M |
| Other Financing Activities | -$129M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.8B |
| Net Change in Cash | $546M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $0 |
| Net Receivables | $4.0B |
| Inventory | $3.7B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $10.4B |
| PP&E (Net) | $50.0B |
| Goodwill | $2.5B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $60M |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $55.3B |
| TOTAL ASSETS | $65.7B |
| Account Payables | $5.5B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $771M |
| TOTAL CURRENT LIABILITIES | $7.5B |
| Long-Term Debt | $9.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.0B |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $25.2B |
| TOTAL LIABILITIES | $32.7B |
| Common Stock | $14.9B |
| Additional Paid-In Capital | $367M |
| Retained Earnings | $17.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $729M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $32.9B |
| TOTAL LIABILITIES & EQUITY | $65.7B |
| Total Debt | $13.4B |
| Net Debt | $10.8B |
