| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.5B | $4.0B | $3.9B | -11.3% | -9.9% |
| Op. Income | $306M | -$580M | $531M | 152.8% | -42.4% |
| Gross Margin | 75.0% | 76.1% | 71.9% | -1.1pp | 3.1pp |
| Net Margin | 4.5% | -14.7% | 8.4% | 19.2pp | -3.9pp |
| EPS (Diluted) | $0.44 | $-1.64 | $0.91 | 126.8% | -51.6% |
| Free Cash Flow | $162M | $925M | $359M | -82.5% | -54.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $889M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $97M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $306M |
| Interest Income | $27M |
| Interest Expense | $87M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $241M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $204M |
| EBIT | $328M |
| EBITDA | $532M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.5B |
| Cost of Revenue | $889M |
| GROSS PROFIT | $2.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2.3B |
| Other Expenses | $97M |
| Operating Expenses | $2.4B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $306M |
| Interest Income | $27M |
| Interest Expense | $87M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | $241M |
| Income Tax Expense | $82M |
| Net Income from Continuing Ops | $159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $159M |
| D&A | $204M |
| EBIT | $328M |
| EBITDA | $532M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $159M |
| Depreciation & Amortization | $201M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$42M |
| Other Non-Cash Items | $87M |
| Change in Working Capital | -$121M |
| OPERATING CASH FLOW | $284M |
| Capital Expenditure | -$122M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$135M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $35M |
| Common Dividends Paid | -$126M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | -$117M |
| FREE CASH FLOW | $162M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $2.0B |
| Other Current Assets | $635M |
| TOTAL CURRENT ASSETS | $7.0B |
| PP&E (Net) | $4.9B |
| Goodwill | $2.1B |
| Intangible Assets | $4.1B |
| Long-Term Investments | $52M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $12.9B |
| TOTAL ASSETS | $19.9B |
| Account Payables | $1.2B |
| Short-Term Debt | $3M |
| Deferred Revenue | $276M |
| Other Current Liabilities | $820M |
| TOTAL CURRENT LIABILITIES | $5.0B |
| Long-Term Debt | $7.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $10.6B |
| TOTAL LIABILITIES | $15.5B |
| Common Stock | $6M |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | $12.3B |
| Treasury Stock | -$13.7B |
| Accum. Other Comp. Income | -$1.3B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $19.9B |
| Total Debt | $9.4B |
| Net Debt | $6.8B |
