| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.1B | $6.9B | $6.4B | 3.3% | 11.4% |
| Op. Income | $574M | $629M | $574M | -8.7% | 0.0% |
| Gross Margin | 23.9% | 25.1% | 24.8% | -1.2pp | -0.9pp |
| Net Margin | 4.5% | 4.8% | 5.1% | -0.3pp | -0.5pp |
| EPS (Diluted) | $0.41 | $0.42 | $0.41 | -2.4% | 0.0% |
| Free Cash Flow | $535M | $103M | $615M | 419.4% | -13.0% |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $8M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $574M |
| Interest Income | $35M |
| Interest Expense | $228M |
| Other Income/Expenses | -$229M |
| INCOME BEFORE TAX | $345M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $253M |
| EBIT | $573M |
| EBITDA | $826M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.1B |
| Other Expenses | $8M |
| Operating Expenses | $1.1B |
| Cost & Expenses | $6.5B |
| OPERATING INCOME | $574M |
| Interest Income | $35M |
| Interest Expense | $228M |
| Other Income/Expenses | -$229M |
| INCOME BEFORE TAX | $345M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $322M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $322M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $322M |
| D&A | $253M |
| EBIT | $573M |
| EBITDA | $826M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $322M |
| Depreciation & Amortization | $253M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $60M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $636M |
| Capital Expenditure | -$101M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$101M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$119M |
| NET CASH FROM FINANCING | -$161M |
| FREE CASH FLOW | $535M |
| Net Change in Cash | $371M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $955M |
| Short-Term Investments | $0 |
| Net Receivables | $3.4B |
| Inventory | $4.8B |
| Other Current Assets | $426M |
| TOTAL CURRENT ASSETS | $9.6B |
| PP&E (Net) | $4.7B |
| Goodwill | $8.1B |
| Intangible Assets | $14.1B |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $487M |
| TOTAL NON-CURRENT ASSETS | $27.3B |
| TOTAL ASSETS | $36.9B |
| Account Payables | $990M |
| Short-Term Debt | $149M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $16.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $629M |
| TOTAL NON-CURRENT LIABILITIES | $17.1B |
| TOTAL LIABILITIES | $19.7B |
| Common Stock | $16.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $52M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.1B |
| TOTAL LIABILITIES & EQUITY | $36.9B |
| Total Debt | $16.6B |
| Net Debt | $15.7B |
