| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.3B | $5.9B | $5.9B | 6.0% | 5.2% |
| Op. Income | $1.2B | $1.1B | $1.1B | 10.3% | 6.4% |
| Gross Margin | 39.4% | 39.5% | 19.1% | -0.1pp | 20.3pp |
| Net Margin | 13.6% | 9.3% | 9.7% | 4.3pp | 3.9pp |
| EPS (Diluted) | $0.36 | $0.24 | $0.27 | 50.0% | 33.3% |
| Free Cash Flow | -$80M | -$2.0B | $526M | 96.0% | -115.2% |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $1.2B |
| Interest Income | $94M |
| Interest Expense | $770M |
| Other Income/Expenses | -$579M |
| INCOME BEFORE TAX | $630M |
| Income Tax Expense | -$220M |
| Net Income from Continuing Ops | $850M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $850M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $823M |
| D&A | $947M |
| EBIT | $1.4B |
| EBITDA | $2.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.8B |
| GROSS PROFIT | $2.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $5.0B |
| OPERATING INCOME | $1.2B |
| Interest Income | $94M |
| Interest Expense | $770M |
| Other Income/Expenses | -$579M |
| INCOME BEFORE TAX | $630M |
| Income Tax Expense | -$220M |
| Net Income from Continuing Ops | $850M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $850M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $823M |
| D&A | $947M |
| EBIT | $1.4B |
| EBITDA | $2.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $850M |
| Depreciation & Amortization | $1.2B |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $228M |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | $587M |
| OPERATING CASH FLOW | $2.9B |
| Capital Expenditure | -$2.9B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$3.0B |
| Net Debt Issuance | $161M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$56M |
| Other Financing Activities | $107M |
| NET CASH FROM FINANCING | $188M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | $57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $772M |
| Short-Term Investments | $0 |
| Net Receivables | $10.7B |
| Inventory | $763M |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $14.4B |
| PP&E (Net) | $94.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $24.3B |
| TOTAL NON-CURRENT ASSETS | $123.9B |
| TOTAL ASSETS | $138.2B |
| Account Payables | $3.0B |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.4B |
| TOTAL CURRENT LIABILITIES | $15.3B |
| Long-Term Debt | $55.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.8B |
| Other Non-Current Liabilities | $31.0B |
| TOTAL NON-CURRENT LIABILITIES | $90.7B |
| TOTAL LIABILITIES | $106.0B |
| Common Stock | $31.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $32.0B |
| Minority Interest | $252M |
| TOTAL EQUITY | $32.2B |
| TOTAL LIABILITIES & EQUITY | $138.2B |
| Total Debt | $59.8B |
| Net Debt | $59.0B |
