| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.2B | — | -3.5% | — |
| Op. Income | $917M | $885M | — | 3.7% | — |
| Gross Margin | 43.1% | 23.3% | — | 19.8pp | — |
| Net Margin | 13.4% | 11.3% | — | 2.1pp | — |
| EPS (Diluted) | $2.53 | $2.20 | — | 15.0% | — |
| Free Cash Flow | $542M | -$73M | — | 847.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $112M |
| SG&A Expenses | $112M |
| Other Expenses | $719M |
| Operating Expenses | $831M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $917M |
| Interest Income | $0 |
| Interest Expense | $216M |
| Other Income/Expenses | -$225M |
| INCOME BEFORE TAX | $692M |
| Income Tax Expense | $139M |
| Net Income from Continuing Ops | $553M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $391M |
| EBIT | $908M |
| EBITDA | $1.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $4.1B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $112M |
| SG&A Expenses | $112M |
| Other Expenses | $719M |
| Operating Expenses | $831M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $917M |
| Interest Income | $0 |
| Interest Expense | $216M |
| Other Income/Expenses | -$225M |
| INCOME BEFORE TAX | $692M |
| Income Tax Expense | $139M |
| Net Income from Continuing Ops | $553M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $545M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $545M |
| D&A | $391M |
| EBIT | $908M |
| EBITDA | $1.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $545M |
| Depreciation & Amortization | $391M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $139M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | $388M |
| OPERATING CASH FLOW | $1.5B |
| Capital Expenditure | -$963M |
| Acquisitions (Net) | -$213M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$37M |
| Common Dividends Paid | -$216M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$283M |
| FREE CASH FLOW | $542M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $166M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $429M |
| Other Current Assets | $293M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $20.6B |
| Goodwill | $112M |
| Intangible Assets | $1.7B |
| Long-Term Investments | $307M |
| Tax Assets | $0 |
| Other Non-Current Assets | $156M |
| TOTAL NON-CURRENT ASSETS | $22.9B |
| TOTAL ASSETS | $25.2B |
| Account Payables | $1.9B |
| Short-Term Debt | $677M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $234M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $16.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $18.5B |
| TOTAL LIABILITIES | $22.0B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $2.3B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | $114M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $130M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $25.2B |
| Total Debt | $17.5B |
| Net Debt | $17.4B |
