Yes it does exactly this. It uses reaction wheels (circular counterweights) for rotation generally, but when they can no longer spin faster it will have to use

Yes it does exactly this. It uses reaction wheels (circular counterweights) for rotation generally, but when they can no longer spin faster it will have to use propellant to adjust its angular momentum back to zero. In addition, it uses propellant for orbit position keeping (station keeping) as you wrote.