| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10.4B | $10.4B | $10.0B | 0.7% | 4.3% |
| Op. Income | $1.2B | $1.4B | $1.1B | -12.8% | 10.9% |
| Gross Margin | 21.4% | 21.4% | 21.1% | 0.0pp | 0.3pp |
| Net Margin | 10.6% | 11.3% | 10.3% | -0.8pp | 0.3pp |
| EPS (Diluted) | $7.67 | $8.15 | $7.00 | -5.9% | 9.6% |
| Free Cash Flow | $1.3B | $637M | $730M | 97.2% | 72.1% |
| Item | Amount |
|---|---|
| REVENUE | $10.4B |
| Cost of Revenue | $8.2B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $985M |
| SG&A Expenses | $985M |
| Other Expenses | $0 |
| Operating Expenses | $985M |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $161M |
| Other Income/Expenses | $81M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $223M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $379M |
| EBIT | $1.5B |
| EBITDA | $1.9B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| REVENUE | $10.4B |
| Cost of Revenue | $8.2B |
| GROSS PROFIT | $2.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $985M |
| SG&A Expenses | $985M |
| Other Expenses | $0 |
| Operating Expenses | $985M |
| Cost & Expenses | $9.2B |
| OPERATING INCOME | $1.2B |
| Interest Income | $0 |
| Interest Expense | $161M |
| Other Income/Expenses | $81M |
| INCOME BEFORE TAX | $1.3B |
| Income Tax Expense | $223M |
| Net Income from Continuing Ops | $1.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.1B |
| D&A | $379M |
| EBIT | $1.5B |
| EBITDA | $1.9B |
| EPS | $8 |
| EPS Diluted | $8 |
| Item | Amount |
|---|---|
| Net Income | $1.1B |
| Depreciation & Amortization | $379M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $458M |
| Other Non-Cash Items | -$1.9B |
| Change in Working Capital | $1.5B |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$301M |
| Acquisitions (Net) | -$333M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $334M |
| NET CASH FROM INVESTING | -$300M |
| Net Debt Issuance | -$566M |
| Common Stock Repurchased | -$277M |
| Common Dividends Paid | -$330M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $9.8B |
| Inventory | $1.6B |
| Other Current Assets | $550M |
| TOTAL CURRENT ASSETS | $13.9B |
| PP&E (Net) | $12.3B |
| Goodwill | $17.4B |
| Intangible Assets | $220M |
| Long-Term Investments | $400M |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $3.6B |
| TOTAL NON-CURRENT ASSETS | $35.2B |
| TOTAL ASSETS | $49.3B |
| Account Payables | $2.8B |
| Short-Term Debt | $533M |
| Deferred Revenue | $3.6B |
| Other Current Liabilities | $3.9B |
| TOTAL CURRENT LIABILITIES | $12.7B |
| Long-Term Debt | $17.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $20.6B |
| TOTAL LIABILITIES | $33.3B |
| Common Stock | $143M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $16.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$123M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.0B |
| TOTAL LIABILITIES & EQUITY | $49.3B |
| Total Debt | $19.3B |
| Net Debt | $17.3B |
