$4.36B
Revenue
$1.41B
Net Income
85.65%
Gross Margin
23.52%
Op. Margin
$1.91B
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 | $4.36B | $4.36B | $3.98B | $4.03B | $4.21B | $3.67B |
| Revenue Growth % | 0.0% | 9.6% | -1.1% | -4.2% | 14.6% | nan% |
| Cost of Revenue | $626.00M | $625.00M | $613.00M | $583.00M | $573.00M | $537.00M |
| Gross Profit | $3.74B | $3.74B | $3.37B | $3.44B | $3.63B | $3.13B |
| Gross Margin % | 85.7% | 85.7% | 84.6% | 85.5% | 86.4% | 85.4% |
| Operating Expenses | $3.34B | $3.34B | $3.10B | $3.08B | $3.28B | $2.87B |
| Operating Income | $1.03B | $1.02B | $886.00M | $943.00M | $928.00M | $795.00M |
| Operating Margin % | 23.5% | 23.5% | 22.3% | 23.4% | 22.1% | 21.7% |
| Interest Expense | $891.00M | $512.00M | $449.00M | $394.00M | $325.00M | $277.00M |
| Other Income/Expense | $-2.00M | $-1.00M | $3.00M | $-3.00M | $-6.00M | $-5.00M |
| Income Before Tax | $662.00M | $661.00M | $576.00M | $707.00M | $708.00M | $600.00M |
| Income Tax Expense | $-148.00M | $-149.00M | $-114.00M | $4.00M | $22.00M | $-74.00M |
| Net Income | $1.41B | $810.00M | $690.00M | $703.00M | $686.00M | $674.00M |
| Net Margin % | 32.3% | 18.6% | 17.3% | 17.5% | 16.3% | 18.4% |
| Basic EPS | nan | 3.15 | 2.69 | 2.78 | 2.73 | 2.63 |
| Diluted EPS | nan | 3.14 | 2.69 | 2.78 | 2.73 | 2.63 |
| Basic Shares Outstanding | 100K | 257.0M | 256.5M | 253.0M | 250.9M | 250.2M |
| Diluted Shares Outstanding | 300K | 257.8M | 256.8M | 253.3M | 251.2M | 250.7M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $556.00M | $81.00M | $62.00M | $20.00M | $39.00M |
| Accounts Receivable | $476.00M | $427.00M | $475.00M | $516.00M | $440.00M |
| Other Current Assets | $222.00M | $171.00M | $160.00M | $223.00M | $240.00M |
| Total Current Assets | $1.70B | $1.18B | $1.27B | $1.25B | $1.07B |
| Property Plant & Equipment | $20.34B | $18.70B | $17.16B | $16.25B | $14.99B |
| Long-term Investments | $694.00M | $639.00M | $602.00M | $559.00M | $517.00M |
| Other Non-current Assets | $2.26B | $2.19B | $2.21B | $2.11B | $1.98B |
| Total Assets | $24.99B | $22.71B | $21.24B | $20.16B | $18.55B |
| Accounts Payable | $498.00M | $532.00M | $611.00M | $756.00M | $436.00M |
| Other Current Liabilities | $251.00M | $385.00M | $302.00M | $351.00M | $226.00M |
| Total Current Liabilities | $2.12B | $2.71B | $2.30B | $2.36B | $2.05B |
| Long-term Debt | $10.95B | $8.68B | $8.22B | $7.67B | $6.74B |
| Deferred Tax Liabilities | $2.31B | $2.19B | $2.04B | $1.94B | $1.93B |
| Other Non-current Liabilities | $984.00M | $947.00M | $617.00M | $518.00M | $388.00M |
| Common Stock | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M |
| Retained Earnings | $4.24B | $3.95B | $3.76B | $3.51B | $3.25B |
| Total Stockholders Equity | $7.33B | $7.00B | $6.78B | $6.28B | $5.99B |
| Total Liabilities & Equity | $24.99B | $22.71B | $21.24B | $20.16B | $18.55B |
| 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 | $1.41B | $810.00M | $690.00M | $703.00M | $686.00M | $674.00M |
| Depreciation & Amortization | $845.00M | $846.00M | $772.00M | $676.00M | $671.00M | $657.00M |
| Change in Receivables | $1.07B | $652.00M | $547.00M | $414.00M | $672.00M | $530.00M |
| Change in Payables | - | $14.00M | $96.00M | $-122.00M | $78.00M | $37.00M |
| Operating Cash Flow | $1.91B | $1.17B | $1.17B | $867.00M | $486.00M | $582.00M |
| Investing Cash Flow | $-3.19B | $-1.90B | $-1.55B | $-1.40B | $-933.00M | $-728.00M |
| Debt Repayment | $300.00M | $300.00M | $809.00M | $508.00M | $633.00M | $8.00M |
| Stock Issued | - | $23.00M | $23.00M | $246.00M | $25.00M | $28.00M |
| Dividends Paid | $912.00M | $521.00M | $492.00M | $456.00M | $428.00M | $403.00M |
| Financing Cash Flow | $1.95B | $1.20B | $398.00M | $573.00M | $431.00M | $130.00M |
| Net Change in Cash | $667.00M | $475.00M | $18.00M | $39.00M | $-16.00M | $-16.00M |
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 | $1.21B | $1.08B | $3.30B | $3.00B |
| Cost of Revenue | $166.00M | $165.00M | $474.00M | $464.00M |
| Operating Expenses | $861.00M | $768.00M | $2.47B | $2.34B |
| Operating Income | $349.00M | $313.00M | $828.00M | $665.00M |
| Interest Expense | $128.00M | $114.00M | $373.00M | $326.00M |
| Other Income/Expense | - | - | $-3.00M | $-2.00M |
| Income Before Tax | $263.00M | $233.00M | $559.00M | $436.00M |
| Income Tax Expense | $-18.00M | $-62.00M | $-109.00M | $-104.00M |
| Net Income | $281.00M | $295.00M | $668.00M | $540.00M |
| Basic EPS | 1.09 | 1.15 | 2.60 | 2.11 |
| Diluted EPS | 1.09 | 1.15 | 2.59 | 2.10 |
| Basic Shares Outstanding | $257.00M | $256.60M | $256.90M | $256.40M |
| Diluted Shares Outstanding | $257.80M | $256.90M | $257.50M | $256.70M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $503.00M | $81.00M |
| Short-term Investments | $250.00M | - |
| Accounts Receivable | $485.00M | $427.00M |
| Other Current Assets | $193.00M | $171.00M |
| Total Current Assets | $1.84B | $1.18B |
| Property Plant & Equipment | $19.81B | $18.70B |
| Long-term Investments | $689.00M | $639.00M |
| Other Non-current Assets | $2.28B | $2.19B |
| Total Assets | $24.63B | $22.71B |
| Accounts Payable | $550.00M | $532.00M |
| Other Current Liabilities | $360.00M | $385.00M |
| Total Current Liabilities | $2.23B | $2.71B |
| Long-term Debt | $10.65B | $8.68B |
| Deferred Tax Liabilities | $2.19B | $2.19B |
| Other Non-current Liabilities | $971.00M | $947.00M |
| Common Stock | $3.00M | $3.00M |
| Retained Earnings | $4.23B | $3.95B |
| Total Stockholders Equity | $7.31B | $7.00B |
| Total Liabilities & Equity | $24.63B | $22.71B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | - | - | $668.00M | $540.00M |
| Depreciation & Amortization | $211.00M | $195.00M | $631.00M | $571.00M |
| Change in Receivables | - | - | $391.00M | $388.00M |
| Operating Cash Flow | - | - | $900.00M | $913.00M |
| Capital Expenditure | - | - | $1.49B | $1.28B |
| Investing Cash Flow | - | - | $-1.60B | $-940.00M |
| Debt Repayment | - | - | $300.00M | $305.00M |
| Dividends Paid | - | - | $391.00M | $369.00M |
| Financing Cash Flow | - | - | $1.13B | $794.00M |
| Net Change in Cash | - | - | $422.00M | $767.00M |
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.