| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.7B | $5.4B | — | 4.3% | — |
| Op. Income | $621M | $584M | — | 6.3% | — |
| Gross Margin | 26.4% | 21.3% | — | 5.1pp | — |
| Net Margin | 8.2% | 8.4% | — | -0.3pp | — |
| EPS (Diluted) | $2.46 | $2.44 | — | 0.8% | — |
| Free Cash Flow | $427M | $552M | — | -22.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $137M |
| Selling & Marketing | $0 |
| General & Administrative | $873M |
| SG&A Expenses | $873M |
| Other Expenses | -$137M |
| Operating Expenses | $873M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $621M |
| Interest Income | $0 |
| Interest Expense | $152M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $567M |
| Income Tax Expense | $105M |
| Net Income from Continuing Ops | $462M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $462M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $462M |
| D&A | $309M |
| EBIT | $719M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $5.7B |
| Cost of Revenue | $4.2B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $137M |
| Selling & Marketing | $0 |
| General & Administrative | $873M |
| SG&A Expenses | $873M |
| Other Expenses | -$137M |
| Operating Expenses | $873M |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $621M |
| Interest Income | $0 |
| Interest Expense | $152M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | $567M |
| Income Tax Expense | $105M |
| Net Income from Continuing Ops | $462M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $462M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $462M |
| D&A | $309M |
| EBIT | $719M |
| EBITDA | $1.0B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $462M |
| Depreciation & Amortization | $309M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $245M |
| Other Non-Cash Items | $33M |
| Change in Working Capital | -$503M |
| OPERATING CASH FLOW | $546M |
| Capital Expenditure | -$119M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | -$263M |
| Common Stock Repurchased | -$176M |
| Common Dividends Paid | -$225M |
| Other Financing Activities | $104M |
| NET CASH FROM FINANCING | -$560M |
| FREE CASH FLOW | $427M |
| Net Change in Cash | -$143M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $339M |
| Short-Term Investments | $0 |
| Net Receivables | $5.5B |
| Inventory | $1.3B |
| Other Current Assets | $477M |
| TOTAL CURRENT ASSETS | $7.6B |
| PP&E (Net) | $2.8B |
| Goodwill | $20.4B |
| Intangible Assets | $7.1B |
| Long-Term Investments | $0 |
| Tax Assets | $87M |
| Other Non-Current Assets | $3.1B |
| TOTAL NON-CURRENT ASSETS | $33.4B |
| TOTAL ASSETS | $41.0B |
| Account Payables | $1.9B |
| Short-Term Debt | $845M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.9B |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $11.0B |
| Deferred Revenue NC | $94M |
| Deferred Tax Liabilities | $1.0B |
| Other Non-Current Liabilities | $2.7B |
| TOTAL NON-CURRENT LIABILITIES | $14.8B |
| TOTAL LIABILITIES | $21.5B |
| Common Stock | $187M |
| Additional Paid-In Capital | $15.2B |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $19.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $19.5B |
| TOTAL LIABILITIES & EQUITY | $41.0B |
| Total Debt | $11.8B |
| Net Debt | $11.5B |
