| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.9B | $1.8B | 2.5% | 8.4% |
| Op. Income | $666M | $622M | $619M | 7.1% | 7.6% |
| Gross Margin | 47.0% | 46.8% | 47.4% | 0.2pp | -0.4pp |
| Net Margin | 20.1% | 19.4% | 20.9% | 0.7pp | -0.9pp |
| EPS (Diluted) | $1.41 | $1.33 | $1.35 | 6.0% | 4.4% |
| Free Cash Flow | $449M | $377M | $419M | 19.1% | 7.2% |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $931M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $282M |
| SG&A Expenses | $282M |
| Other Expenses | -$17M |
| Operating Expenses | $265M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $666M |
| Interest Income | $0 |
| Interest Expense | $124M |
| Other Income/Expenses | -$125M |
| INCOME BEFORE TAX | $541M |
| Income Tax Expense | $144M |
| Net Income from Continuing Ops | $397M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $397M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $397M |
| D&A | $50M |
| EBIT | $665M |
| EBITDA | $715M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.0B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $931M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $282M |
| SG&A Expenses | $282M |
| Other Expenses | -$17M |
| Operating Expenses | $265M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $666M |
| Interest Income | $0 |
| Interest Expense | $124M |
| Other Income/Expenses | -$125M |
| INCOME BEFORE TAX | $541M |
| Income Tax Expense | $144M |
| Net Income from Continuing Ops | $397M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $397M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $397M |
| D&A | $50M |
| EBIT | $665M |
| EBITDA | $715M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $397M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $163M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $543M |
| Capital Expenditure | -$94M |
| Acquisitions (Net) | -$79M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $95M |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | $161M |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | -$197M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$81M |
| FREE CASH FLOW | $449M |
| Net Change in Cash | $249M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $852M |
| Inventory | $0 |
| Other Current Assets | $202M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $1.4B |
| Goodwill | $779M |
| Intangible Assets | $462M |
| Long-Term Investments | $30M |
| Tax Assets | $898M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $1.2B |
| Short-Term Debt | $48M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $11.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $13.4B |
| TOTAL LIABILITIES | $14.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$7.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$322M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$7.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$7.5B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $11.6B |
| Net Debt | $10.5B |
