| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.4B | — | 16.3% | — |
| Op. Income | $469M | $390M | — | 20.3% | — |
| Gross Margin | 77.8% | 78.0% | — | -0.2pp | — |
| Net Margin | 15.3% | 13.7% | — | 1.5pp | — |
| EPS (Diluted) | $1.50 | $1.16 | — | 29.3% | — |
| Free Cash Flow | $291M | $339M | — | -14.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $367M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $508M |
| Other Expenses | $308M |
| Operating Expenses | $816M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $469M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $252M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $252M |
| D&A | $370M |
| EBIT | $311M |
| EBITDA | $681M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $367M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $508M |
| Other Expenses | $308M |
| Operating Expenses | $816M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $469M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$158M |
| INCOME BEFORE TAX | $311M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $252M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $252M |
| D&A | $370M |
| EBIT | $311M |
| EBITDA | $681M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $252M |
| Depreciation & Amortization | $370M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$127M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $477M |
| Capital Expenditure | -$186M |
| Acquisitions (Net) | -$545M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $296M |
| NET CASH FROM INVESTING | -$435M |
| Net Debt Issuance | $180M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$334M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$157M |
| FREE CASH FLOW | $291M |
| Net Change in Cash | -$111M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $969M |
| Inventory | $106M |
| Other Current Assets | $195M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $5.5B |
| Goodwill | $0 |
| Intangible Assets | $7.8B |
| Long-Term Investments | $583M |
| Tax Assets | $167M |
| Other Non-Current Assets | $151M |
| TOTAL NON-CURRENT ASSETS | $14.3B |
| TOTAL ASSETS | $17.3B |
| Account Payables | $491M |
| Short-Term Debt | $622M |
| Deferred Revenue | $144M |
| Other Current Liabilities | $2.0B |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $6.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $149M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $10.2B |
| TOTAL LIABILITIES | $13.6B |
| Common Stock | $253M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $3.1B |
| Treasury Stock | -$52M |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$688M |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | -$20M |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $17.3B |
| Total Debt | $9.5B |
| Net Debt | $7.9B |