| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.9B | 4.7% | 2.3% |
| Op. Income | $229M | $197M | $271M | 16.2% | -15.5% |
| Gross Margin | 17.0% | 15.2% | 18.7% | 1.9pp | -1.7pp |
| Net Margin | 9.0% | 8.4% | 11.1% | 0.7pp | -2.1pp |
| EPS (Diluted) | $2.08 | $1.84 | $2.49 | 13.0% | -16.5% |
| Free Cash Flow | $191M | $342M | -$121M | -44.2% | 257.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $329M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $100M |
| Operating Expenses | $100M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $229M |
| Interest Income | $15M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $174M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $174M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $174M |
| D&A | $22M |
| EBIT | $248M |
| EBITDA | $270M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $329M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $100M |
| Operating Expenses | $100M |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | $229M |
| Interest Income | $15M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $229M |
| Income Tax Expense | $55M |
| Net Income from Continuing Ops | $174M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $174M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $174M |
| D&A | $22M |
| EBIT | $248M |
| EBITDA | $270M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $174M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $191M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$1.1B |
| Purchases of Investments | -$574M |
| Sales/Maturities of Investments | $1.8B |
| Other Investing Activities | -$115M |
| NET CASH FROM INVESTING | $36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$68M |
| Other Financing Activities | -$132M |
| NET CASH FROM FINANCING | -$235M |
| FREE CASH FLOW | $191M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.9B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $205M |
| Goodwill | $305M |
| Intangible Assets | $193M |
| Long-Term Investments | $14.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.0B |
| TOTAL NON-CURRENT ASSETS | $21.5B |
| TOTAL ASSETS | $24.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $2.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15.5B |
| TOTAL NON-CURRENT LIABILITIES | $17.4B |
| TOTAL LIABILITIES | $20.2B |
| Common Stock | $83M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$132M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $24.7B |
| Total Debt | $1.9B |
| Net Debt | $660M |
