| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.4B | — | 34.0% | — |
| Op. Income | $649M | $308M | — | 111.1% | — |
| Gross Margin | 38.9% | 43.8% | — | -4.9pp | — |
| Net Margin | 22.7% | 14.2% | — | 8.5pp | — |
| EPS (Diluted) | $3.39 | $1.58 | — | 114.6% | — |
| Free Cash Flow | $42M | -$448M | — | 109.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $708M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $59M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $649M |
| Interest Income | $5M |
| Interest Expense | $111M |
| Other Income/Expenses | -$154M |
| INCOME BEFORE TAX | $495M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $418M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $413M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $413M |
| D&A | $239M |
| EBIT | $607M |
| EBITDA | $846M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $708M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $59M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $649M |
| Interest Income | $5M |
| Interest Expense | $111M |
| Other Income/Expenses | -$154M |
| INCOME BEFORE TAX | $495M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | $418M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $413M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $413M |
| D&A | $239M |
| EBIT | $607M |
| EBITDA | $846M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $413M |
| Depreciation & Amortization | $239M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | -$27M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | $665M |
| Capital Expenditure | -$623M |
| Acquisitions (Net) | -$199M |
| Purchases of Investments | -$458M |
| Sales/Maturities of Investments | $456M |
| Other Investing Activities | $45M |
| NET CASH FROM INVESTING | -$779M |
| Net Debt Issuance | $218M |
| Common Stock Repurchased | $6M |
| Common Dividends Paid | -$105M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $126M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $539M |
| Other Current Assets | $417M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $23.4B |
| Goodwill | $0 |
| Intangible Assets | $544M |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $27.9B |
| TOTAL ASSETS | $29.9B |
| Account Payables | $537M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $62M |
| Other Current Liabilities | $440M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $9.2B |
| Deferred Revenue NC | $661M |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $19.7B |
| TOTAL LIABILITIES | $22.7B |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.1B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.2B |
| Minority Interest | $43M |
| TOTAL EQUITY | $7.2B |
| TOTAL LIABILITIES & EQUITY | $29.9B |
| Total Debt | $14.2B |
| Net Debt | $14.2B |
