$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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
FY 2009 (Dec 31, 2009) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $9.36B | $9.36B | $8.64B | $8.70B | $9.32B | $8.35B | $7.42B | $12.30B | $10.59B | $9.61B | $7.53B | $7.39B | $9.23B | $8.11B | $7.45B | $8.45B | $8.28B |
| Revenue Growth % | 0.0% | 8.3% | -0.6% | -6.7% | 11.6% | 12.6% | -39.7% | 16.2% | 10.1% | 27.7% | 1.9% | -19.9% | 13.8% | 8.8% | -11.8% | 2.0% | nan% |
| Cost of Revenue | $4.00M | $4.00M | $3.00M | $99.00M | $204.00M | $208.00M | $257.00M | $4.03B | $4.36B | $3.79B | $1.98B | - | - | - | - | - | - |
| Gross Profit | $9.35B | $9.35B | $8.64B | $8.60B | $9.12B | $8.14B | $7.16B | $8.27B | $6.22B | $5.83B | $5.54B | - | - | - | - | - | - |
| Gross Margin % | 100.0% | 100.0% | 100.0% | 98.9% | 97.8% | 97.5% | 96.5% | 67.2% | 58.8% | 60.6% | 73.7% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $7.25B | $7.25B | $6.65B | $6.94B | $7.75B | $6.99B | $6.38B | $11.07B | $9.76B | $8.54B | $6.57B | $6.45B | $8.29B | $7.10B | $6.41B | $7.15B | $7.16B |
| Operating Income | $2.11B | $2.11B | $1.99B | $1.76B | $1.57B | $1.36B | $1.04B | $1.23B | $831.00M | $1.07B | $959.00M | $933.00M | $935.00M | $1.01B | $1.04B | $1.30B | $1.12B |
| Operating Margin % | 22.5% | 22.5% | 23.0% | 20.2% | 16.8% | 16.3% | 14.0% | 10.0% | 7.8% | 11.2% | 12.7% | 12.6% | 10.1% | 12.5% | 13.9% | 15.4% | 13.6% |
| Interest Expense | $1.68B | $903.00M | $805.00M | $664.00M | $511.00M | $508.00M | $501.00M | $528.00M | $361.00M | $313.00M | $338.00M | $352.00M | $353.00M | $351.00M | $422.00M | $456.00M | $513.00M |
| Other Income/Expense | $85.00M | $85.00M | $56.00M | $37.00M | $-26.00M | $58.00M | $60.00M | $50.00M | $50.00M | $60.00M | $35.00M | $46.00M | $36.00M | $24.00M | $38.00M | $23.00M | $39.00M |
| Income Before Tax | $1.25B | $1.25B | $1.21B | $1.09B | $1.42B | $778.00M | $-865.00M | $929.00M | $514.00M | $1.06B | $686.00M | $-1.13B | $885.00M | $781.00M | $757.00M | $1.17B | $548.00M |
| Income Tax Expense | $195.00M | $195.00M | $195.00M | $170.00M | $360.00M | $110.00M | $-274.00M | $138.00M | $146.00M | $-729.00M | $254.00M | $-438.00M | $274.00M | $470.00M | $340.00M | $404.00M | $176.00M |
| Net Income | $1.05B | $1.05B | $1.02B | $917.00M | $1.06B | $1.49B | $-773.00M | $791.00M | $368.00M | $1.79B | $432.00M | $-692.00M | $611.00M | $311.00M | $417.00M | $1.36B | $372.00M |
| Net Margin % | 11.2% | 11.2% | 11.8% | 10.5% | 11.3% | 17.8% | -10.4% | 6.4% | 3.5% | 18.6% | 5.7% | -9.4% | 6.6% | 3.8% | 5.6% | 16.1% | 4.5% |
| Basic EPS | 1.60 | 1.61 | 1.58 | 1.37 | 1.60 | 2.35 | -1.79 | 1.34 | 0.74 | 4.16 | 1.00 | -1.61 | 1.42 | 0.73 | 0.98 | 3.19 | 1.02 |
| Diluted EPS | 1.60 | 1.60 | 1.58 | 1.37 | 1.59 | 2.28 | -1.79 | 1.33 | 0.74 | 4.13 | 1.00 | -1.61 | 1.42 | 0.72 | 0.97 | 3.17 | 1.01 |
| Basic Shares Outstanding | - | 653.0M | 643.2M | 630.9M | 629.4M | 592.9M | 531.0M | 502.1M | 448.8M | 431.0M | 430.6M | 430.2M | 429.6M | 428.5M | 427.2M | 425.6M | 365.2M |
| Diluted Shares Outstanding | - | 656.0M | 644.1M | 633.2M | 632.3M | 609.9M | 531.0M | 505.2M | 452.5M | 434.3M | 433.6M | 430.2M | 431.7M | 430.9M | 429.8M | 428.7M | 367.7M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
FY 2009 (Dec 31, 2009) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $38.00M | $24.00M | $90.00M | $74.00M | $230.00M | $147.00M | $241.00M | $4.23B | $260.00M | $341.00M | $264.00M | $298.00M | $208.00M | $646.00M | $220.00M | $740.00M |
| Short-term Investments | $510.00M | $561.00M | $541.00M | $510.00M | $1.44B | $871.00M | $822.00M | $540.00M | $960.00M | $953.00M | $805.00M | $930.00M | $767.00M | $540.00M | $386.00M | $300.00M |
| Accounts Receivable | $806.00M | $717.00M | $710.00M | $889.00M | $690.00M | $676.00M | $1.25B | $1.19B | $1.00B | $740.00M | $593.00M | $837.00M | $851.00M | $768.00M | $773.00M | $790.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | $285.00M | $322.00M | $353.00M | $327.00M |
| Other Current Assets | $140.00M | $123.00M | $145.00M | $171.00M | $132.00M | $139.00M | $161.00M | $192.00M | $241.00M | $161.00M | $140.00M | $178.00M | $125.00M | $216.00M | $192.00M | $223.00M |
| Total Current Assets | $5.70B | $4.38B | $3.03B | $4.70B | $7.36B | $2.92B | $3.85B | $7.03B | $3.40B | $2.92B | $2.69B | $3.27B | $2.66B | $2.87B | $2.34B | $2.90B |
| Property Plant & Equipment | $34.06B | $32.09B | $29.85B | $27.14B | $23.48B | $22.36B | $20.95B | $14.04B | $13.06B | $12.31B | $11.54B | $10.50B | $9.59B | $13.60B | $12.40B | $10.79B |
| Goodwill | $3.55B | $3.94B | $4.16B | $4.29B | $4.29B | $4.70B | $5.16B | $867.00M | $867.00M | $862.00M | $840.00M | $840.00M | $840.00M | $1.47B | $1.70B | $1.70B |
| Intangible Assets | - | - | - | - | - | - | $321.00M | $65.00M | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $222.00M | $247.00M | $162.00M | $215.00M | $220.00M | $252.00M | $216.00M | $223.00M | $191.00M | $173.00M | $146.00M | $147.00M | $162.00M | $197.00M | $157.00M | $230.00M |
| Total Assets | $46.53B | $43.77B | $39.72B | $38.55B | $37.68B | $33.47B | $35.44B | $27.01B | $22.74B | $21.83B | $21.33B | $23.20B | $21.87B | $22.87B | $21.70B | $19.77B |
| Accounts Payable | $1.30B | $1.32B | $917.00M | $1.35B | $1.20B | $853.00M | $1.14B | $1.24B | $963.00M | $657.00M | $483.00M | $716.00M | $689.00M | $561.00M | $560.00M | $648.00M |
| Short-term Debt | $500.00M | $500.00M | $4.00M | $511.00M | $7.00M | $24.00M | - | - | $39.00M | $35.00M | $40.00M | $53.00M | $43.00M | $38.00M | $62.00M | $55.00M |
| Deferred Revenue | $89.00M | $93.00M | $111.00M | $110.00M | $111.00M | $119.00M | $124.00M | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | $566.00M | $525.00M | $510.00M | $452.00M | $323.00M | $432.00M | $414.00M | $341.00M | $368.00M | $325.00M | $343.00M | $383.00M | $402.00M | $380.00M | $366.00M | $445.00M |
| Total Current Liabilities | $6.26B | $4.04B | $3.86B | $5.11B | $4.29B | $4.83B | $3.89B | $3.30B | $3.07B | $3.08B | $2.47B | $3.48B | $3.02B | $3.58B | $2.59B | $3.04B |
| Long-term Debt | $20.57B | $20.40B | $17.56B | $14.84B | $15.56B | $11.52B | $14.24B | $8.68B | $8.20B | $7.53B | $7.90B | $8.01B | $7.82B | $8.36B | $8.64B | $9.12B |
| Deferred Tax Liabilities | $4.60B | $4.39B | $4.08B | $3.99B | $3.90B | $3.60B | $3.93B | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $770.00M | $722.00M | $763.00M | $774.00M | $836.00M | $1.02B | $763.00M | $402.00M | $357.00M | $278.00M | $273.00M | $251.00M | $205.00M | $247.00M | $305.00M | $361.00M |
| Common Stock | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M | $5.00M | $5.00M | $4.00M | $4.00M | $4.00M | - | - | - | - | - |
| Retained Earnings | $2.04B | $1.57B | $1.09B | $709.00M | $154.00M | $-845.00M | $632.00M | $349.00M | $543.00M | $-668.00M | $-657.00M | - | - | - | - | - |
| Total Stockholders Equity | $11.15B | $10.67B | $9.67B | $10.04B | $9.41B | $8.35B | $8.36B | $8.06B | $4.69B | $3.46B | $3.46B | $4.55B | $4.33B | $4.30B | $4.22B | $2.64B |
| Total Liabilities & Equity | $46.53B | $43.77B | $39.72B | $38.55B | $37.68B | $33.47B | $35.44B | $27.01B | $22.74B | $21.83B | $21.33B | $23.20B | $21.87B | $22.87B | $21.70B | $19.77B |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
FY 2009 (Dec 31, 2009) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.35B | $1.05B | $1.02B | $917.00M | $1.06B | $1.49B | $-773.00M | $791.00M | $368.00M | $1.79B | $432.00M | $-692.00M | $611.00M | $311.00M | $417.00M | $1.36B | $372.00M |
| Depreciation & Amortization | $1.89B | $1.53B | $1.44B | $1.40B | $1.29B | $1.32B | $1.19B | $1.29B | $1.24B | $1.04B | $1.13B | $970.00M | $1.01B | $954.00M | $1.05B | $886.00M | $743.00M |
| Deferred Income Tax | $241.00M | $122.00M | $221.00M | $31.00M | $20.00M | $213.00M | $-429.00M | $69.00M | $48.00M | $-770.00M | $213.00M | $-413.00M | $280.00M | $356.00M | $328.00M | $443.00M | $269.00M |
| Change in Inventory | $-117.00M | $17.00M | $-42.00M | $-167.00M | $259.00M | $140.00M | $-9.00M | $52.00M | $-1.00M | $7.00M | $-34.00M | $-28.00M | $102.00M | $22.00M | $-27.00M | $-11.00M | $236.00M |
| Change in Payables | $-561.00M | $-15.00M | $210.00M | $-302.00M | $203.00M | $175.00M | $2.00M | $-455.00M | $220.00M | $136.00M | $133.00M | $-224.00M | $-3.00M | $152.00M | $-6.00M | $-81.00M | $-237.00M |
| Operating Cash Flow | $3.87B | $2.49B | $2.14B | $3.88B | $1.81B | $22.00M | $2.00B | $1.64B | $2.14B | $1.42B | $1.93B | $1.87B | - | - | $1.86B | $1.89B | $1.84B |
| Capital Expenditure | $8.07B | $4.87B | $4.51B | $4.40B | $4.42B | $3.16B | $2.60B | $2.51B | $1.65B | $1.43B | $1.41B | $1.58B | $1.37B | $1.29B | $1.21B | $1.30B | $1.16B |
| Acquisitions | - | - | - | - | - | - | - | $5.99B | - | $132.00M | $102.00M | - | - | - | $360.00M | - | - |
| Purchases of Investments | - | - | - | - | - | - | - | $6.00M | - | - | $363.00M | - | - | - | - | - | - |
| Investing Cash Flow | $-5.59B | $-4.02B | $-4.49B | $-4.23B | $-1.63B | $-1.85B | $-1.26B | $-8.42B | $-1.21B | $-1.26B | $-1.05B | $-1.39B | - | - | $-1.60B | $-1.21B | $-896.00M |
| Debt Repayment | $2.62B | $1.58B | $1.05B | $3.19B | $1.79B | $2.97B | $1.72B | $1.30B | $484.00M | $1.21B | $1.22B | $644.00M | $537.00M | $1.57B | $1.59B | $909.00M | $222.00M |
| Stock Issued | - | - | $494.00M | - | - | - | $672.00M | - | $1.84B | - | - | - | $1.00M | $4.00M | $4.00M | $6.00M | $504.00M |
| Dividends Paid | $1.00B | $574.00M | $522.00M | $485.00M | $440.00M | $385.00M | $392.00M | $577.00M | $499.00M | $461.00M | $443.00M | $426.00M | $408.00M | $355.00M | $346.00M | $337.00M | $276.00M |
| Financing Cash Flow | $3.04B | $1.55B | $2.27B | $374.00M | $-345.00M | $1.92B | $-834.00M | $2.78B | $3.05B | $-245.00M | $-808.00M | $-517.00M | - | - | $169.00M | $-661.00M | $-372.00M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | $-81.00M | $77.00M | $-34.00M | $90.00M | $-438.00M | $426.00M | $21.00M | $573.00M |
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.