| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.6B | $3.6B | 0.4% | -0.9% |
| Op. Income | $1.1B | $1.3B | $1.4B | -15.3% | -19.8% |
| Gross Margin | 34.9% | 35.9% | 37.5% | -1.0pp | -2.6pp |
| Net Margin | 19.3% | 23.2% | 24.7% | -3.8pp | -5.4pp |
| EPS (Diluted) | $0.37 | $0.44 | $0.46 | -15.9% | -19.6% |
| Free Cash Flow | $2.8B | -$141M | $1.1B | 2108.5% | 166.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $164M |
| Operating Expenses | $164M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $210M |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $898M |
| Income Tax Expense | $204M |
| Net Income from Continuing Ops | $694M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $694M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $694M |
| D&A | $424M |
| EBIT | $1.1B |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $164M |
| Operating Expenses | $164M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $210M |
| Other Income/Expenses | -$189M |
| INCOME BEFORE TAX | $898M |
| Income Tax Expense | $204M |
| Net Income from Continuing Ops | $694M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $694M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $694M |
| D&A | $424M |
| EBIT | $1.1B |
| EBITDA | $1.5B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $694M |
| Depreciation & Amortization | $424M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $144M |
| Other Non-Cash Items | -$311M |
| Change in Working Capital | $386M |
| OPERATING CASH FLOW | $1.3B |
| Capital Expenditure | $1.5B |
| Acquisitions (Net) | -$27M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$1.4B |
| NET CASH FROM INVESTING | -$691M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$112M |
| Common Dividends Paid | -$242M |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | -$421M |
| FREE CASH FLOW | $2.8B |
| Net Change in Cash | $225M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $612M |
| Short-Term Investments | $6M |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $523M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $470M |
| Goodwill | $80M |
| Intangible Assets | $190M |
| Long-Term Investments | $2.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $37.4B |
| TOTAL NON-CURRENT ASSETS | $40.8B |
| TOTAL ASSETS | $43.3B |
| Account Payables | $1.3B |
| Short-Term Debt | $608M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $850M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $18.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.7B |
| Other Non-Current Liabilities | $811M |
| TOTAL NON-CURRENT LIABILITIES | $27.6B |
| TOTAL LIABILITIES | $30.5B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $920M |
| Retained Earnings | $10.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$220M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.8B |
| Minority Interest | $5M |
| TOTAL EQUITY | $12.8B |
| TOTAL LIABILITIES & EQUITY | $43.3B |
| Total Debt | $19.6B |
| Net Debt | $19.0B |
