| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.7B | $3.0B | — | -10.5% | — |
| Op. Income | $320M | -$3.4B | — | 109.3% | — |
| Gross Margin | 33.1% | 39.5% | — | -6.4pp | — |
| Net Margin | 9.0% | -98.5% | — | 107.4pp | — |
| EPS (Diluted) | $1.22 | $-14.79 | — | 108.2% | — |
| Free Cash Flow | $358M | $483M | — | -25.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $880M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $560M |
| Other Expenses | $0 |
| Operating Expenses | $560M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $320M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $266M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $238M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $238M |
| D&A | $181M |
| EBIT | $320M |
| EBITDA | $501M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.7B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $880M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $560M |
| Other Expenses | $0 |
| Operating Expenses | $560M |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $320M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $266M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $238M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $238M |
| D&A | $181M |
| EBIT | $320M |
| EBITDA | $501M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $238M |
| Depreciation & Amortization | $181M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $91M |
| OPERATING CASH FLOW | $541M |
| Capital Expenditure | -$183M |
| Acquisitions (Net) | $10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$187M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$315M |
| Common Dividends Paid | -$91M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$410M |
| FREE CASH FLOW | $358M |
| Net Change in Cash | -$54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $897M |
| Short-Term Investments | $0 |
| Net Receivables | $703M |
| Inventory | $716M |
| Other Current Assets | $620M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $4.8B |
| Goodwill | $1.9B |
| Intangible Assets | $12.0B |
| Long-Term Investments | $259M |
| Tax Assets | $0 |
| Other Non-Current Assets | $840M |
| TOTAL NON-CURRENT ASSETS | $19.8B |
| TOTAL ASSETS | $22.7B |
| Account Payables | $1.8B |
| Short-Term Debt | $2.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $5.3B |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.3B |
| Other Non-Current Liabilities | $735M |
| TOTAL NON-CURRENT LIABILITIES | $6.9B |
| TOTAL LIABILITIES | $12.2B |
| Common Stock | $370M |
| Additional Paid-In Capital | $7.2B |
| Retained Earnings | $5.7B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.2B |
| Minority Interest | $312M |
| TOTAL EQUITY | $10.5B |
| TOTAL LIABILITIES & EQUITY | $22.7B |
| Total Debt | $6.3B |
| Net Debt | $5.4B |
