| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | — | 5.9% | — |
| Op. Income | $351M | $216M | — | 62.7% | — |
| Gross Margin | 44.1% | 40.6% | — | 3.5pp | — |
| Net Margin | 11.7% | 7.7% | — | 4.0pp | — |
| EPS (Diluted) | $0.56 | $0.33 | — | 68.9% | — |
| Free Cash Flow | -$40M | -$655M | — | 93.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $861M |
| GROSS PROFIT | $678M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $322M |
| Operating Expenses | $327M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $351M |
| Interest Income | $6M |
| Interest Expense | $190M |
| Other Income/Expenses | -$165M |
| INCOME BEFORE TAX | $186M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $237M |
| EBIT | $186M |
| EBITDA | $422M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $861M |
| GROSS PROFIT | $678M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $322M |
| Operating Expenses | $327M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $351M |
| Interest Income | $6M |
| Interest Expense | $190M |
| Other Income/Expenses | -$165M |
| INCOME BEFORE TAX | $186M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $237M |
| EBIT | $186M |
| EBITDA | $422M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $237M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $108M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $578M |
| Capital Expenditure | -$618M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$618M |
| Net Debt Issuance | $194M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$120M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $155M |
| Short-Term Investments | $0 |
| Net Receivables | $965M |
| Inventory | $621M |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $19.7B |
| Goodwill | $4.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $466M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4.7B |
| TOTAL NON-CURRENT ASSETS | $29.1B |
| TOTAL ASSETS | $32.0B |
| Account Payables | $1.3B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $13.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $17.6B |
| TOTAL LIABILITIES | $22.2B |
| Common Stock | $6.8B |
| Additional Paid-In Capital | $62M |
| Retained Earnings | $1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $647M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.8B |
| Minority Interest | $10M |
| TOTAL EQUITY | $9.9B |
| TOTAL LIABILITIES & EQUITY | $32.0B |
| Total Debt | $15.1B |
| Net Debt | $14.9B |
