| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.6B | $4.3B | $4.4B | 8.1% | 5.7% |
| Op. Income | $183M | $174M | $162M | 4.8% | 12.9% |
| Gross Margin | 8.0% | 8.4% | 7.7% | -0.4pp | 0.3pp |
| Net Margin | 1.6% | 1.4% | 1.3% | 0.1pp | 0.2pp |
| EPS (Diluted) | $0.27 | $0.23 | $0.22 | 17.4% | 22.7% |
| Free Cash Flow | -$35M | $140M | $56M | -124.8% | -162.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $370M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $122M |
| Operating Expenses | $188M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $86M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $122M |
| EBIT | $183M |
| EBITDA | $304M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.6B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $370M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $122M |
| Operating Expenses | $188M |
| Cost & Expenses | $4.4B |
| OPERATING INCOME | $183M |
| Interest Income | $0 |
| Interest Expense | $86M |
| Other Income/Expenses | -$86M |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $122M |
| EBIT | $183M |
| EBITDA | $304M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $72M |
| Depreciation & Amortization | $122M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$135M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | -$15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$132M |
| Net Debt Issuance | -$906M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $557M |
| NET CASH FROM FINANCING | -$387M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$416M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $558M |
| Short-Term Investments | $44M |
| Net Receivables | $2.4B |
| Inventory | $394M |
| Other Current Assets | $175M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $2.4B |
| Goodwill | $4.9B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $189M |
| Tax Assets | $0 |
| Other Non-Current Assets | $405M |
| TOTAL NON-CURRENT ASSETS | $9.8B |
| TOTAL ASSETS | $13.3B |
| Account Payables | $1.1B |
| Short-Term Debt | $102M |
| Deferred Revenue | $134M |
| Other Current Liabilities | $899M |
| TOTAL CURRENT LIABILITIES | $2.7B |
| Long-Term Debt | $6.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $372M |
| Other Non-Current Liabilities | $562M |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $10.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | $394M |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$152M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $14M |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $13.3B |
| Total Debt | $6.6B |
| Net Debt | $6.1B |
