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$8.54B
Revenue
$1.07B
Net Income
-
Gross Margin
20.22%
Op. Margin
$4.65B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 16 of 16 annual reports available (2010 - 2025)
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 2010
(Dec 31, 2010)
+ Total Revenue $8.54B $8.54B $7.51B $7.46B $8.60B $7.33B $6.68B $6.84B $6.87B $6.58B $6.40B $6.46B $7.18B $6.57B $6.25B $6.50B $6.43B
Revenue Growth % 0.0% 13.6% 0.7% -13.2% 17.3% 9.7% -2.4% -0.4% 4.4% 2.9% -0.9% -10.1% 9.3% 5.0% -3.8% 1.1% nan%
Cost of Revenue - - $3.25B $2.28B $3.18B $2.40B $2.07B $2.27B $2.45B $2.25B $2.22B - - - - - -
+ Gross Profit - - $4.26B $5.18B $5.41B $4.93B $4.61B $4.58B $4.42B $4.33B $4.18B - - - - - -
Gross Margin % nan% nan% 56.7% 69.5% 63.0% 67.3% 69.0% 66.9% 64.4% 65.8% 65.3% nan% nan% nan% nan% nan% nan%
Operating Expenses $6.81B $6.81B $6.03B $6.23B $7.37B $6.18B $5.32B $5.61B $5.71B $5.25B $5.14B $5.29B $6.03B $5.42B $5.25B $5.50B $5.45B
+ Operating Income $1.73B $1.73B $1.49B $1.24B $1.22B $1.15B $1.36B $1.24B $1.16B $1.34B $1.26B $1.16B $1.15B $1.14B $1.00B $1.00B $978.00M
Operating Margin % 20.2% 20.2% 19.8% 16.6% 14.2% 15.6% 20.4% 18.1% 16.9% 20.3% 19.6% 18.0% 16.0% 17.4% 16.0% 15.4% 15.2%
Interest Expense $798.00M $798.00M $700.00M $643.00M $519.00M $500.00M $561.00M $519.00M $458.00M $438.00M $435.00M $396.00M $407.00M $398.00M $389.00M $415.00M $431.00M
Other Income/Expense $310.00M $310.00M $344.00M $362.00M $197.00M $177.00M $84.00M $109.00M $70.00M $-14.00M $5.00M $29.00M $-16.00M $12.00M $8.00M $18.00M $43.00M
Income Before Tax $1.25B $1.25B $1.12B $954.00M $902.00M $823.00M $885.00M $829.00M $774.00M $886.00M $826.00M $796.00M $729.00M $756.00M $622.00M - -
Income Tax Expense $246.00M $246.00M $176.00M $147.00M $93.00M $95.00M $133.00M $147.00M $115.00M $424.00M $273.00M $271.00M $250.00M $302.00M $245.00M $191.00M $224.00M
+ Net Income $1.07B $1.07B $1.00B $887.00M $837.00M $1.35B $755.00M $680.00M $657.00M $460.00M $551.00M $523.00M $477.00M $452.00M $382.00M $415.00M $340.00M
Net Margin % 12.5% 12.5% 13.3% 11.9% 9.7% 18.5% 11.3% 9.9% 9.6% 7.0% 8.6% 8.1% 6.6% 6.9% 6.1% 6.4% 5.3%
Basic EPS 3.54 3.53 3.34 3.01 2.85 4.66 2.65 2.40 2.33 1.64 1.99 1.90 1.76 1.71 1.46 1.66 1.40
Diluted EPS 3.53 3.53 3.33 3.01 2.85 4.66 2.64 2.39 2.32 1.64 1.98 1.89 1.74 1.66 1.42 1.58 1.28
Basic Shares Outstanding - 300.4M 297.6M 291.2M - - - - - - - - - - - - -
Diluted Shares Outstanding - 301.0M 298.3M 291.7M - - - - - - - - - - - - -
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 2010
(Dec 31, 2010)
Cash & Cash Equivalents $509.00M $103.00M $227.00M $164.00M $452.00M $168.00M $140.00M $153.00M $182.00M $235.00M $266.00M $207.00M $172.00M $93.00M $161.00M $247.00M
Accounts Receivable - - - $1.56B $931.00M $863.00M $886.00M $964.00M $1.03B $821.00M $774.00M $881.00M $914.00M $855.00M $869.00M $981.00M
Other Current Assets $160.00M $103.00M $80.00M $113.00M $120.00M $112.00M $86.00M $101.00M $83.00M $81.00M $77.00M $72.00M $86.00M $53.00M $50.00M $37.00M
Total Current Assets $3.47B $2.79B $2.84B $3.43B $2.63B $2.40B $2.33B $2.47B $2.48B $2.28B $2.32B $2.60B $2.53B $2.42B $2.56B $2.76B
Property Plant & Equipment $30.68B $27.46B $25.07B $22.71B $22.35B $21.04B $18.93B $18.13B $16.76B $15.71B $14.71B $13.41B $12.25B - - -
Other Non-current Assets $398.00M $384.00M $357.00M $310.00M $1.41B $869.00M $739.00M $478.00M $799.00M $353.00M $384.00M $352.00M $409.00M $293.00M $276.00M $245.00M
Total Assets $39.94B $35.92B $33.52B $31.35B $28.75B $29.67B $26.84B $24.53B $23.05B $21.62B $20.34B $19.18B $17.42B $17.13B $16.45B $15.62B
Accounts Payable - - - $928.00M $875.00M $671.00M $622.00M $723.00M $725.00M $598.00M $633.00M $678.00M $585.00M $512.00M $575.00M $492.00M
Short-term Debt - - - - - - - $996.00M $1.10B $886.00M $706.00M $540.00M $562.00M $541.00M $1.06B $750.00M
Other Current Liabilities $185.00M $209.00M $149.00M $166.00M $156.00M $156.00M $186.00M $147.00M $195.00M $199.00M $142.00M $163.00M $146.00M $152.00M $159.00M $144.00M
Total Current Liabilities $3.55B $3.52B $2.90B $2.98B $2.20B $3.07B $2.70B $2.62B $2.78B $2.65B $2.30B $2.01B $1.95B $1.80B $2.34B $2.02B
Long-term Debt $17.81B $15.19B $14.51B $13.12B $12.05B $13.63B $11.95B $10.62B $9.12B $8.64B $8.44B $8.02B $7.10B $6.71B $6.04B $6.45B
Deferred Tax Liabilities $3.25B $2.92B $2.62B $2.41B $2.21B $1.86B $1.66B $1.49B $1.27B - - - - - - -
Other Non-current Liabilities $392.00M $407.00M $415.00M $397.00M $375.00M $398.00M $383.00M $294.00M $307.00M $290.00M $313.00M $299.00M $306.00M $311.00M $336.00M $267.00M
Common Stock $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $2.00M
Retained Earnings $2.44B $2.04B $1.66B $1.35B $1.06B $214.00M $-25.00M $-271.00M $-531.00M $-616.00M $-855.00M $-1.06B $-1.24B $-1.42B $-1.55B $-1.76B
Total Stockholders Equity $9.14B $8.23B $7.54B $7.01B $6.63B $5.50B $5.02B $4.75B $4.44B $4.25B $3.94B $3.67B $3.45B $3.19B $3.03B $2.79B
Total Liabilities & Equity $39.94B $35.92B $33.52B $31.35B $28.75B $29.67B $26.84B $24.53B $23.05B $21.62B $20.34B $19.18B $17.42B $17.13B $16.45B $15.62B
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 2010
(Dec 31, 2010)
Net Income $1.07B $1.07B $1.00B $887.00M $837.00M $1.35B $755.00M $680.00M $657.00M $460.00M $551.00M $523.00M $477.00M $452.00M $382.00M $415.00M $340.00M
Depreciation & Amortization $1.69B $1.31B $1.24B $1.18B $1.13B $1.11B $1.05B $992.00M $933.00M $881.00M $811.00M $750.00M $685.00M $628.00M $598.00M $546.00M $576.00M
Deferred Income Tax - $207.00M $146.00M $145.00M - - - - - - - - - - - - -
Change in Inventory $-196.00M $28.00M $-164.00M $-185.00M $450.00M $93.00M $-28.00M $-44.00M $-14.00M $46.00M $-146.00M $-147.00M $36.00M $-202.00M $-104.00M $14.00M $-133.00M
Operating Cash Flow $4.65B $2.23B $2.37B $2.31B $855.00M $1.82B $1.28B $1.79B $1.70B $1.71B $1.63B $1.64B - $1.42B $1.24B $1.17B $959.00M
Capital Expenditure - - - - $2.37B $2.08B $2.32B $2.10B $2.07B $1.67B $1.67B $1.56B $1.58B $1.32B $1.23B $882.00M $821.00M
Investing Cash Flow $-6.84B $-4.04B $-3.05B $-3.39B $-2.48B $-1.23B $-2.87B $-2.82B $-2.61B $-1.87B $-1.92B $-2.06B - $-1.53B $-1.35B $-1.06B $-1.00B
Debt Repayment $2.71B $1.15B $952.00M $2.13B $106.00M $235.00M $2.01B $1.28B $1.87B $980.00M $728.00M $224.00M $750.00M $741.00M $1.53B $413.00M $878.00M
Stock Issued $545.00M $525.00M $286.00M $192.00M $69.00M $26.00M $253.00M $12.00M $41.00M $83.00M $72.00M $43.00M $43.00M $36.00M $30.00M $29.00M $10.00M
Dividends Paid - - - - - - - - - - - - - - $252.00M $211.00M $154.00M
Financing Cash Flow $3.72B $2.24B $614.00M $1.14B $1.33B $-295.00M $1.62B $1.01B $874.00M $110.00M $255.00M $463.00M - $190.00M $41.00M $-199.00M $202.00M
Net Change in Cash $1.53B $437.00M $-70.00M $66.00M $-294.00M $291.00M $28.00M $-18.00M $-29.00M $-53.00M - $59.00M $35.00M $79.00M $-68.00M $-86.00M $157.00M
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 $2.02B $1.74B $6.31B $5.53B
Operating Expenses $1.54B $1.38B $5.01B $4.46B
Operating Income $481.00M $367.00M $1.29B $1.06B
Interest Expense $204.00M $176.00M $590.00M $519.00M
Other Income/Expense $62.00M $84.00M $249.00M $283.00M
Income Before Tax $340.00M $273.00M $953.00M $817.00M
Income Tax Expense $68.00M $26.00M $193.00M $125.00M
Net Income $277.00M $253.00M $782.00M $738.00M
Basic EPS 0.92 0.84 2.59 2.45
Diluted EPS 0.92 0.84 2.59 2.45
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $362.00M $103.00M
Other Current Assets $98.00M $103.00M
Total Current Assets $2.75B $2.79B
Property Plant & Equipment $29.69B $27.46B
Other Non-current Assets $202.00M $384.00M
Total Assets $38.01B $35.92B
Other Current Liabilities $239.00M $209.00M
Total Current Liabilities $3.05B $3.52B
Long-term Debt $16.77B $15.19B
Deferred Tax Liabilities $3.17B $2.92B
Other Non-current Liabilities $396.00M $407.00M
Common Stock $3.00M $3.00M
Retained Earnings $2.32B $2.04B
Total Stockholders Equity $8.86B $8.23B
Total Liabilities & Equity $38.01B $35.92B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $277.00M $253.00M $782.00M $738.00M
Depreciation & Amortization $288.00M $273.00M $964.00M $914.00M
Change in Inventory - - $134.00M $-51.00M
Operating Cash Flow - - $1.76B $1.97B
Capital Expenditure - - $2.75B $2.10B
Investing Cash Flow - - $-2.93B $-2.10B
Debt Repayment - - $884.00M $789.00M
Stock Issued - - $373.00M $283.00M
Financing Cash Flow - - $1.42B $353.00M
Net Change in Cash - - $254.00M $219.00M

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.

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