| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | — | -0.1% | — |
| Op. Income | $403M | $500M | — | -19.4% | — |
| Gross Margin | 40.4% | 43.5% | — | -3.1pp | — |
| Net Margin | 16.0% | 23.3% | — | -7.3pp | — |
| EPS (Diluted) | $0.31 | $0.48 | — | -33.8% | — |
| Free Cash Flow | $457M | $433M | — | 5.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $780M |
| GROSS PROFIT | $529M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $92M |
| SG&A Expenses | $92M |
| Other Expenses | $34M |
| Operating Expenses | $126M |
| Cost & Expenses | $906M |
| OPERATING INCOME | $403M |
| Interest Income | $3M |
| Interest Expense | $115M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $291M |
| Income Tax Expense | $82M |
| NET INCOME | $209M |
| D&A | $176M |
| EBIT | $403M |
| EBITDA | $579M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $780M |
| GROSS PROFIT | $529M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $92M |
| SG&A Expenses | $92M |
| Other Expenses | $34M |
| Operating Expenses | $126M |
| Cost & Expenses | $906M |
| OPERATING INCOME | $403M |
| Interest Income | $3M |
| Interest Expense | $115M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $291M |
| Income Tax Expense | $82M |
| NET INCOME | $209M |
| D&A | $176M |
| EBIT | $403M |
| EBITDA | $579M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $209M |
| Depreciation & Amortization | $176M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $190M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $592M |
| Capital Expenditure | -$135M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$80M |
| NET CASH FROM INVESTING | -$215M |
| Net Debt Issuance | -$110M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$325M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$426M |
| FREE CASH FLOW | $457M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $109M |
| Short-Term Investments | $0 |
| Net Receivables | $634M |
| Inventory | $222M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $976M |
| PP&E (Net) | $16.9B |
| Goodwill | $0 |
| Intangible Assets | $4.7B |
| Long-Term Investments | $3.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $263M |
| TOTAL NON-CURRENT ASSETS | $24.9B |
| TOTAL ASSETS | $25.9B |
| Account Payables | $916M |
| Short-Term Debt | $799M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $8.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.8B |
| TOTAL NON-CURRENT LIABILITIES | $11.7B |
| TOTAL LIABILITIES | $13.5B |
| Common Stock | $12.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.4B |
| TOTAL LIABILITIES & EQUITY | $25.9B |
| Total Debt | $9.7B |
| Net Debt | $9.6B |
