| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18.9B | $24.9B | $18.6B | -24.0% | 2.0% |
| Op. Income | $295M | $449M | $292M | -34.3% | 1.1% |
| Gross Margin | 27.0% | 27.1% | 27.6% | -0.1pp | -0.6pp |
| Net Margin | 0.9% | 1.0% | 0.8% | -0.1pp | 0.1pp |
| EPS (Diluted) | $0.30 | $0.41 | $0.25 | -26.8% | 20.0% |
| Free Cash Flow | $447M | $170M | $4M | 163.3% | 11364.1% |
| Item | Amount |
|---|---|
| REVENUE | $18.9B |
| Cost of Revenue | $13.8B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | $4M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $18.6B |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $105M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $597M |
| EBIT | $325M |
| EBITDA | $922M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $18.9B |
| Cost of Revenue | $13.8B |
| GROSS PROFIT | $5.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | $4M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $18.6B |
| OPERATING INCOME | $295M |
| Interest Income | $0 |
| Interest Expense | $105M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $220M |
| Income Tax Expense | $51M |
| Net Income from Continuing Ops | $169M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $169M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $169M |
| D&A | $597M |
| EBIT | $325M |
| EBITDA | $922M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $169M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $64M |
| Other Non-Cash Items | $582M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $813M |
| Capital Expenditure | -$366M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$364M |
| NET CASH FROM INVESTING | -$364M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | -$235M |
| Common Dividends Paid | -$84M |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$330M |
| FREE CASH FLOW | $447M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $16M |
| Net Receivables | $969M |
| Inventory | $5.2B |
| Other Current Assets | $405M |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $15.8B |
| Goodwill | $1.2B |
| Intangible Assets | $2.3B |
| Long-Term Investments | $114M |
| Tax Assets | $0 |
| Other Non-Current Assets | $593M |
| TOTAL NON-CURRENT ASSETS | $20.0B |
| TOTAL ASSETS | $26.9B |
| Account Payables | $4.0B |
| Short-Term Debt | $1.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $375M |
| TOTAL CURRENT LIABILITIES | $8.4B |
| Long-Term Debt | $6.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $847M |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $15.4B |
| TOTAL LIABILITIES | $23.8B |
| Common Stock | $6M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $1.7B |
| Treasury Stock | -$937M |
| Accum. Other Comp. Income | $82M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $26.9B |
| Total Debt | $15.3B |
| Net Debt | $15.0B |
