| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.9B | $7.2B | $6.9B | -4.1% | 1.1% |
| Op. Income | $35M | $225M | $38M | -84.4% | -7.9% |
| Gross Margin | 16.7% | 18.7% | 16.3% | -2.1pp | 0.4pp |
| Net Margin | 0.8% | 2.9% | 1.0% | -2.2pp | -0.2pp |
| EPS (Diluted) | $0.10 | $0.39 | $0.11 | -74.4% | -9.1% |
| Free Cash Flow | -$391M | -$234M | -$414M | -67.1% | 5.6% |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $5.8B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $35M |
| Interest Income | $34M |
| Interest Expense | $22M |
| Other Income/Expenses | $33M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $394M |
| EBIT | $90M |
| EBITDA | $484M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.9B |
| Cost of Revenue | $5.8B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $6.9B |
| OPERATING INCOME | $35M |
| Interest Income | $34M |
| Interest Expense | $22M |
| Other Income/Expenses | $33M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $394M |
| EBIT | $90M |
| EBITDA | $484M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $394M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$176M |
| OPERATING CASH FLOW | $287M |
| Capital Expenditure | -$678M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$100M |
| Sales/Maturities of Investments | $350M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$428M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$250M |
| Common Dividends Paid | -$189M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$432M |
| FREE CASH FLOW | -$391M |
| Net Change in Cash | -$573M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.9B |
| Short-Term Investments | $116M |
| Net Receivables | $1.1B |
| Inventory | $792M |
| Other Current Assets | $467M |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $20.9B |
| Goodwill | $970M |
| Intangible Assets | $295M |
| Long-Term Investments | $433M |
| Tax Assets | $0 |
| Other Non-Current Assets | $345M |
| TOTAL NON-CURRENT ASSETS | $22.9B |
| TOTAL ASSETS | $28.3B |
| Account Payables | $503M |
| Short-Term Debt | $23M |
| Deferred Revenue | $6.9B |
| Other Current Liabilities | $1.3B |
| TOTAL CURRENT LIABILITIES | $11.0B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $1.3B |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $9.5B |
| TOTAL LIABILITIES | $20.5B |
| Common Stock | $888M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | $16.2B |
| Treasury Stock | -$13.5B |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $28.3B |
| Total Debt | $5.3B |
| Net Debt | $2.4B |
