| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.8B | $1.9B | 1.9% | -2.3% |
| Op. Income | $505M | $458M | $489M | 10.3% | 3.3% |
| Gross Margin | 33.3% | 30.0% | 31.7% | 3.3pp | 1.6pp |
| Net Margin | 22.4% | 18.1% | 19.2% | 4.3pp | 3.2pp |
| EPS (Diluted) | $6.85 | $5.43 | $5.91 | 26.1% | 15.9% |
| Free Cash Flow | $361M | $208M | $317M | 73.6% | 13.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $615M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $101M |
| Other Expenses | $9M |
| Operating Expenses | $110M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $505M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $450M |
| Income Tax Expense | $89M |
| Net Income from Continuing Ops | $361M |
| Net Income from Discontinued Ops | $53M |
| Other Adjustments | $0 |
| NET INCOME | $414M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $414M |
| D&A | $159M |
| EBIT | $509M |
| EBITDA | $668M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $615M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $101M |
| Other Expenses | $9M |
| Operating Expenses | $110M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $505M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $450M |
| Income Tax Expense | $89M |
| Net Income from Continuing Ops | $361M |
| Net Income from Discontinued Ops | $53M |
| Other Adjustments | $0 |
| NET INCOME | $414M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $414M |
| D&A | $159M |
| EBIT | $509M |
| EBITDA | $668M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $414M |
| Depreciation & Amortization | $159M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | -$203M |
| Change in Working Capital | $185M |
| OPERATING CASH FLOW | $551M |
| Capital Expenditure | -$190M |
| Acquisitions (Net) | -$551M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$761M |
| Net Debt Issuance | $105M |
| Common Stock Repurchased | $8M |
| Common Dividends Paid | -$50M |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | $361M |
| Net Change in Cash | -$166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $984M |
| Inventory | $1.0B |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $10.4B |
| Goodwill | $3.6B |
| Intangible Assets | $462M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $730M |
| TOTAL NON-CURRENT ASSETS | $15.2B |
| TOTAL ASSETS | $18.7B |
| Account Payables | $349M |
| Short-Term Debt | $230M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $296M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $5.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $899M |
| TOTAL NON-CURRENT LIABILITIES | $7.8B |
| TOTAL LIABILITIES | $8.9B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $6.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.7B |
| Minority Interest | $3M |
| TOTAL EQUITY | $9.7B |
| TOTAL LIABILITIES & EQUITY | $18.7B |
| Total Debt | $5.9B |
| Net Debt | $5.8B |
