| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | $3.0B | -2.4% | 1.5% |
| Op. Income | $1.2B | $1.2B | $1.1B | -2.0% | 6.0% |
| Gross Margin | 44.9% | 42.8% | 40.4% | 2.1pp | 4.5pp |
| Net Margin | 27.3% | 27.4% | 26.4% | -0.1pp | 0.9pp |
| EPS (Diluted) | $1.34 | $1.37 | $1.26 | -2.1% | 6.4% |
| Free Cash Flow | $590M | $687M | $437M | -14.0% | 35.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $193M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $119M |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $269M |
| Net Income from Continuing Ops | $832M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $832M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $832M |
| D&A | $366M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.0B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $193M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $119M |
| Other Income/Expenses | -$72M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $269M |
| Net Income from Continuing Ops | $832M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $832M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $832M |
| D&A | $366M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $832M |
| Depreciation & Amortization | $365M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $67M |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | $150M |
| OPERATING CASH FLOW | $1.4B |
| Capital Expenditure | -$808M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$818M |
| Net Debt Issuance | $254M |
| Common Stock Repurchased | -$759M |
| Common Dividends Paid | -$402M |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | -$884M |
| FREE CASH FLOW | $590M |
| Net Change in Cash | -$303M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $0 |
| Net Receivables | $911M |
| Inventory | $570M |
| Other Current Assets | $190M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $35.9B |
| Goodwill | $0 |
| Intangible Assets | $365M |
| Long-Term Investments | $0 |
| Tax Assets | $461M |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $40.3B |
| TOTAL ASSETS | $42.1B |
| Account Payables | $1.9B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $14.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8.1B |
| Other Non-Current Liabilities | $685M |
| TOTAL NON-CURRENT LIABILITIES | $23.5B |
| TOTAL LIABILITIES | $26.6B |
| Common Stock | $2.5B |
| Additional Paid-In Capital | $295M |
| Retained Earnings | $13.7B |
| Treasury Stock | -$100M |
| Accum. Other Comp. Income | -$914M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $15.5B |
| TOTAL LIABILITIES & EQUITY | $42.1B |
| Total Debt | $16.0B |
| Net Debt | $15.8B |
