| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.0B | — | 6.0% | — |
| Op. Income | $497M | $558M | — | -10.9% | — |
| Gross Margin | 40.0% | 45.5% | — | -5.5pp | — |
| Net Margin | 12.0% | 12.6% | — | -0.6pp | — |
| EPS (Diluted) | $0.24 | $0.24 | — | 1.7% | — |
| Free Cash Flow | $557M | $454M | — | 22.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $758M |
| Other Expenses | $21M |
| Operating Expenses | $780M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $497M |
| Interest Income | $57M |
| Interest Expense | $124M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $449M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $388M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2 |
| NET INCOME | $384M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $384M |
| D&A | $782M |
| EBIT | $574M |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $758M |
| Other Expenses | $21M |
| Operating Expenses | $780M |
| Cost & Expenses | $2.7B |
| OPERATING INCOME | $497M |
| Interest Income | $57M |
| Interest Expense | $124M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $449M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $388M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2 |
| NET INCOME | $384M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $384M |
| D&A | $782M |
| EBIT | $574M |
| EBITDA | $1.4B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $384M |
| Depreciation & Amortization | $782M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $114M |
| Change in Working Capital | -$223M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$500M |
| Acquisitions (Net) | -$161M |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$1 |
| NET CASH FROM INVESTING | -$675M |
| Net Debt Issuance | -$191M |
| Common Stock Repurchased | -$102M |
| Common Dividends Paid | -$67M |
| Other Financing Activities | $25M |
| NET CASH FROM FINANCING | -$335M |
| FREE CASH FLOW | $557M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $20M |
| Net Receivables | $2.8B |
| Inventory | $297M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $5.1B |
| PP&E (Net) | $9.5B |
| Goodwill | $5.5B |
| Intangible Assets | $4.2B |
| Long-Term Investments | $727M |
| Tax Assets | $63M |
| Other Non-Current Assets | $725M |
| TOTAL NON-CURRENT ASSETS | $20.7B |
| TOTAL ASSETS | $25.8B |
| Account Payables | $2.0B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $217M |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $851M |
| Other Non-Current Liabilities | $770M |
| TOTAL NON-CURRENT LIABILITIES | $6.8B |
| TOTAL LIABILITIES | $11.9B |
| Common Stock | $12.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $868M |
| Treasury Stock | -$33.0K |
| Accum. Other Comp. Income | $874M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13.8B |
| Minority Interest | $57M |
| TOTAL EQUITY | $13.9B |
| TOTAL LIABILITIES & EQUITY | $25.8B |
| Total Debt | $6.2B |
| Net Debt | $4.8B |
