$9.36B
Revenue
$1.05B
Net Income
99.96%
Gross Margin
22.55%
Op. Margin
$-4.21B
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $9.36B | $9.36B | $8.64B | $8.70B | $9.32B | $8.35B |
| Revenue Growth % | 0.0% | 8.3% | -0.6% | -6.7% | 11.6% | nan% |
| Cost of Revenue | $4.00M | $4.00M | $3.00M | $99.00M | $204.00M | $208.00M |
| Gross Profit | $9.35B | $9.35B | $8.64B | $8.60B | $9.12B | $8.14B |
| Gross Margin % | 100.0% | 100.0% | 100.0% | 98.9% | 97.8% | 97.5% |
| Operating Expenses | $7.25B | $7.25B | $6.65B | $6.94B | $7.75B | $6.99B |
| Operating Income | $2.11B | $2.11B | $1.99B | $1.76B | $1.57B | $1.36B |
| Operating Margin % | 22.5% | 22.5% | 23.0% | 20.2% | 16.8% | 16.3% |
| Interest Expense | $1.68B | $903.00M | $805.00M | $664.00M | $511.00M | $508.00M |
| Other Income/Expense | $85.00M | $85.00M | $56.00M | $37.00M | $-26.00M | $58.00M |
| Income Before Tax | $1.25B | $1.25B | $1.21B | $1.09B | $1.42B | $778.00M |
| Income Tax Expense | $195.00M | $195.00M | $195.00M | $170.00M | $360.00M | $110.00M |
| Net Income | $1.05B | $1.05B | $1.02B | $917.00M | $1.06B | $1.49B |
| Net Margin % | 11.2% | 11.2% | 11.8% | 10.5% | 11.3% | 17.8% |
| Basic EPS | 1.60 | 1.61 | 1.58 | 1.37 | 1.60 | 2.35 |
| Diluted EPS | 1.60 | 1.60 | 1.58 | 1.37 | 1.59 | 2.28 |
| Basic Shares Outstanding | - | 653.0M | 643.2M | 630.9M | 629.4M | 592.9M |
| Diluted Shares Outstanding | - | 656.0M | 644.1M | 633.2M | 632.3M | 609.9M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $38.00M | $24.00M | $90.00M | $74.00M | $230.00M |
| Short-term Investments | $510.00M | $561.00M | $541.00M | $510.00M | $1.44B |
| Accounts Receivable | $806.00M | $717.00M | $710.00M | $889.00M | $690.00M |
| Other Current Assets | $140.00M | $123.00M | $145.00M | $171.00M | $132.00M |
| Total Current Assets | $5.70B | $4.38B | $3.03B | $4.70B | $7.36B |
| Property Plant & Equipment | $34.06B | $32.09B | $29.85B | $27.14B | $23.48B |
| Goodwill | $3.55B | $3.94B | $4.16B | $4.29B | $4.29B |
| Other Non-current Assets | $222.00M | $247.00M | $162.00M | $215.00M | $220.00M |
| Total Assets | $46.53B | $43.77B | $39.72B | $38.55B | $37.68B |
| Accounts Payable | $1.30B | $1.32B | $917.00M | $1.35B | $1.20B |
| Short-term Debt | $500.00M | $500.00M | $4.00M | $511.00M | $7.00M |
| Deferred Revenue | $89.00M | $93.00M | $111.00M | $110.00M | $111.00M |
| Other Current Liabilities | $566.00M | $525.00M | $510.00M | $452.00M | $323.00M |
| Total Current Liabilities | $6.26B | $4.04B | $3.86B | $5.11B | $4.29B |
| Long-term Debt | $20.57B | $20.40B | $17.56B | $14.84B | $15.56B |
| Deferred Tax Liabilities | $4.60B | $4.39B | $4.08B | $3.99B | $3.90B |
| Other Non-current Liabilities | $770.00M | $722.00M | $763.00M | $774.00M | $836.00M |
| Common Stock | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M |
| Retained Earnings | $2.04B | $1.57B | $1.09B | $709.00M | $154.00M |
| Total Stockholders Equity | $11.15B | $10.67B | $9.67B | $10.04B | $9.41B |
| Total Liabilities & Equity | $46.53B | $43.77B | $39.72B | $38.55B | $37.68B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $1.35B | $1.05B | $1.02B | $917.00M | $1.06B | $1.49B |
| Depreciation & Amortization | $1.89B | $1.53B | $1.44B | $1.40B | $1.29B | $1.32B |
| Deferred Income Tax | $241.00M | $122.00M | $221.00M | $31.00M | $20.00M | $213.00M |
| Change in Inventory | $-117.00M | $17.00M | $-42.00M | $-167.00M | $259.00M | $140.00M |
| Change in Payables | $-561.00M | $-15.00M | $210.00M | $-302.00M | $203.00M | $175.00M |
| Operating Cash Flow | $3.87B | $2.49B | $2.14B | $3.88B | $1.81B | $22.00M |
| Capital Expenditure | $8.07B | $4.87B | $4.51B | $4.40B | $4.42B | $3.16B |
| Acquisitions | - | - | - | - | - | - |
| Investing Cash Flow | $-5.59B | $-4.02B | $-4.49B | $-4.23B | $-1.63B | $-1.85B |
| Debt Repayment | $2.62B | $1.58B | $1.05B | $3.19B | $1.79B | $2.97B |
| Stock Issued | - | - | $494.00M | - | - | - |
| Dividends Paid | $1.00B | $574.00M | $522.00M | $485.00M | $440.00M | $385.00M |
| Financing Cash Flow | $3.04B | $1.55B | $2.27B | $374.00M | $-345.00M | $1.92B |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $1.99B | $1.86B | $6.85B | $6.38B |
| Cost of Revenue | $1.00M | $1.00M | $4.00M | $2.00M |
| Operating Expenses | $1.49B | $1.43B | $5.28B | $4.87B |
| Operating Income | $502.00M | $424.00M | $1.57B | $1.51B |
| Interest Expense | - | - | $763.00M | $620.00M |
| Other Income/Expense | $26.00M | $15.00M | $66.00M | $39.00M |
| Income Before Tax | $286.00M | $245.00M | $917.00M | $934.00M |
| Income Tax Expense | $-7.00M | $52.00M | $129.00M | $163.00M |
| Net Income | $293.00M | $193.00M | $788.00M | $771.00M |
| Basic EPS | 0.45 | 0.30 | 1.21 | 1.20 |
| Diluted EPS | 0.45 | 0.30 | 1.20 | 1.20 |
| Basic Shares Outstanding | $652.86M | $647.80M | $652.61M | $640.29M |
| Diluted Shares Outstanding | $656.03M | $648.21M | $654.68M | $641.36M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $37.00M | $24.00M |
| Short-term Investments | $579.00M | $561.00M |
| Accounts Receivable | $787.00M | $717.00M |
| Other Current Assets | $101.00M | $123.00M |
| Total Current Assets | $2.95B | $4.38B |
| Property Plant & Equipment | $34.55B | $32.09B |
| Goodwill | $3.94B | $3.94B |
| Other Non-current Assets | $239.00M | $247.00M |
| Total Assets | $45.05B | $43.77B |
| Accounts Payable | $968.00M | $1.32B |
| Short-term Debt | $500.00M | $500.00M |
| Deferred Revenue | $95.00M | $93.00M |
| Other Current Liabilities | $476.00M | $525.00M |
| Total Current Liabilities | $5.74B | $4.04B |
| Long-term Debt | $19.40B | $20.40B |
| Deferred Tax Liabilities | $4.55B | $4.39B |
| Other Non-current Liabilities | $780.00M | $722.00M |
| Common Stock | $6.00M | $6.00M |
| Retained Earnings | $1.93B | $1.57B |
| Total Stockholders Equity | $11.04B | $10.67B |
| Total Liabilities & Equity | $45.05B | $43.77B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $293.00M | $193.00M | $788.00M | $771.00M |
| Depreciation & Amortization | $392.00M | $334.00M | $1.12B | $1.08B |
| Deferred Income Tax | - | - | $84.00M | $238.00M |
| Change in Inventory | - | - | $64.00M | $-19.00M |
| Change in Payables | - | - | $-271.00M | $-247.00M |
| Operating Cash Flow | - | - | $1.71B | $1.25B |
| Capital Expenditure | - | - | $3.39B | $2.50B |
| Investing Cash Flow | - | - | $-2.60B | $-2.56B |
| Debt Repayment | - | - | $1.07B | $963.00M |
| Stock Issued | - | - | - | $494.00M |
| Dividends Paid | - | - | $431.00M | $384.00M |
| Financing Cash Flow | - | - | $905.00M | $1.33B |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.