| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $528M | $692M | $424M | -23.8% | 24.4% |
| Op. Income | $65M | $179M | $89M | -63.8% | -27.0% |
| Gross Margin | 35.2% | 40.2% | 35.2% | -5.0pp | 0.0pp |
| Net Margin | 4.6% | 14.0% | 47.3% | -9.4pp | -42.7pp |
| EPS (Diluted) | $0.02 | $0.12 | $0.28 | -83.9% | -93.1% |
| Free Cash Flow | $64M | -$149M | $32M | 143.1% | 101.2% |
| Item | Amount |
|---|---|
| REVENUE | $528M |
| Cost of Revenue | $342M |
| GROSS PROFIT | $186M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $118M |
| Operating Expenses | $121M |
| Cost & Expenses | $463M |
| OPERATING INCOME | $65M |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$600.0K |
| Net Income from Discontinued Ops | $7M |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $107M |
| EBIT | $76M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $528M |
| Cost of Revenue | $342M |
| GROSS PROFIT | $186M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $118M |
| Operating Expenses | $121M |
| Cost & Expenses | $463M |
| OPERATING INCOME | $65M |
| Interest Income | $0 |
| Interest Expense | $68M |
| Other Income/Expenses | -$58M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$600.0K |
| Net Income from Discontinued Ops | $7M |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $107M |
| EBIT | $76M |
| EBITDA | $183M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $107M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $77M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $250M |
| Capital Expenditure | -$186M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$199M |
| Net Debt Issuance | -$24M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | -$53M |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $480M |
| Inventory | $214M |
| Other Current Assets | $207M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $9.6B |
| Goodwill | $1.3B |
| Intangible Assets | $70M |
| Long-Term Investments | $215M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.5B |
| TOTAL NON-CURRENT ASSETS | $12.7B |
| TOTAL ASSETS | $13.7B |
| Account Payables | $90M |
| Short-Term Debt | $309M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $155M |
| TOTAL CURRENT LIABILITIES | $927M |
| Long-Term Debt | $6.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $7.6B |
| TOTAL LIABILITIES | $8.6B |
| Common Stock | $7.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $444M |
| TOTAL EQUITY | $5.1B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $6.3B |
| Net Debt | $6.3B |
