| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.0B | $7.1B | $7.6B | -1.6% | -8.5% |
| Op. Income | $3.2B | $1.5B | $2.1B | 113.1% | 55.5% |
| Gross Margin | 48.4% | 23.9% | 28.9% | 24.5pp | 19.5pp |
| Net Margin | 6.3% | 25.4% | 21.8% | -19.1pp | -15.5pp |
| EPS (Diluted) | $0.21 | $0.86 | $0.77 | -75.2% | -72.6% |
| Free Cash Flow | $1.3B | $876M | $1.2B | 51.5% | 9.9% |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $46M |
| General & Administrative | $111M |
| SG&A Expenses | $157M |
| Other Expenses | $0 |
| Operating Expenses | $157M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $3.2B |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | -$2.9B |
| INCOME BEFORE TAX | $356M |
| Income Tax Expense | -$83M |
| Net Income from Continuing Ops | $438M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $438M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $438M |
| D&A | $2.4B |
| EBIT | $424M |
| EBITDA | $2.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.0B |
| Cost of Revenue | $3.6B |
| GROSS PROFIT | $3.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $46M |
| General & Administrative | $111M |
| SG&A Expenses | $157M |
| Other Expenses | $0 |
| Operating Expenses | $157M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $3.2B |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | -$2.9B |
| INCOME BEFORE TAX | $356M |
| Income Tax Expense | -$83M |
| Net Income from Continuing Ops | $438M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $438M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $438M |
| D&A | $2.4B |
| EBIT | $424M |
| EBITDA | $2.8B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $438M |
| Depreciation & Amortization | $2.4B |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$337M |
| Change in Working Capital | $316M |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$1.6B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$80M |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$145M |
| Common Stock Repurchased | -$226M |
| Common Dividends Paid | -$897M |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $2.0B |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $5.2B |
| PP&E (Net) | $56.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $693M |
| TOTAL NON-CURRENT ASSETS | $57.3B |
| TOTAL ASSETS | $62.5B |
| Account Payables | $969M |
| Short-Term Debt | $606M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $12.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14.9B |
| TOTAL NON-CURRENT LIABILITIES | $26.9B |
| TOTAL LIABILITIES | $33.0B |
| Common Stock | $8.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $21.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $172M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $29.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $29.6B |
| TOTAL LIABILITIES & EQUITY | $62.5B |
| Total Debt | $12.6B |
| Net Debt | $12.5B |
