| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $878M | $821M | $997M | 6.9% | -11.9% |
| Op. Income | $180M | $178M | $248M | 1.1% | -27.4% |
| Gross Margin | 38.4% | 37.0% | 44.0% | 1.4pp | -5.6pp |
| Net Margin | 7.3% | 21.0% | 34.6% | -13.7pp | -27.3pp |
| EPS (Diluted) | $0.76 | $1.92 | $3.78 | -60.4% | -79.9% |
| Free Cash Flow | $187M | $109M | $141M | 71.6% | 32.6% |
| Item | Amount |
|---|---|
| REVENUE | $878M |
| Cost of Revenue | $541M |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $87M |
| SG&A Expenses | $87M |
| Other Expenses | $70M |
| Operating Expenses | $157M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $180M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $151M |
| EBIT | $100M |
| EBITDA | $251M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $878M |
| Cost of Revenue | $541M |
| GROSS PROFIT | $337M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $87M |
| SG&A Expenses | $87M |
| Other Expenses | $70M |
| Operating Expenses | $157M |
| Cost & Expenses | $698M |
| OPERATING INCOME | $180M |
| Interest Income | $0 |
| Interest Expense | $25M |
| Other Income/Expenses | -$105M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $64M |
| D&A | $151M |
| EBIT | $100M |
| EBITDA | $251M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | $151M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $35M |
| Other Non-Cash Items | $71M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | $278M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$87M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$34M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$67M |
| FREE CASH FLOW | $187M |
| Net Change in Cash | $124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $196M |
| Short-Term Investments | $0 |
| Net Receivables | $403M |
| Inventory | $94M |
| Other Current Assets | $102M |
| TOTAL CURRENT ASSETS | $812M |
| PP&E (Net) | $5.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $128M |
| Tax Assets | $27M |
| Other Non-Current Assets | $159M |
| TOTAL NON-CURRENT ASSETS | $5.9B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $316M |
| Short-Term Debt | $144M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $356M |
| TOTAL CURRENT LIABILITIES | $917M |
| Long-Term Debt | $889M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $212M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$922M |
| Accum. Other Comp. Income | $72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $1.1B |
| Net Debt | $904M |
