| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.3B | $4.6B | $4.2B | -6.0% | 1.9% |
| Op. Income | $174M | $217M | $159M | -19.8% | 9.5% |
| Gross Margin | 8.4% | 8.8% | 7.9% | -0.4pp | 0.5pp |
| Net Margin | 1.4% | 2.3% | 1.3% | -0.9pp | 0.2pp |
| EPS (Diluted) | $0.23 | $0.39 | $0.20 | -41.0% | 15.0% |
| Free Cash Flow | $140M | -$707M | $134M | 119.8% | 4.7% |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $360M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $117M |
| Operating Expenses | $185M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $117M |
| EBIT | $174M |
| EBITDA | $291M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $360M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $68M |
| Other Expenses | $117M |
| Operating Expenses | $185M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $174M |
| Interest Income | $0 |
| Interest Expense | $90M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $117M |
| EBIT | $174M |
| EBITDA | $291M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $117M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | $256M |
| Capital Expenditure | -$116M |
| Acquisitions (Net) | -$136M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $603.0K |
| NET CASH FROM INVESTING | -$252M |
| Net Debt Issuance | $581M |
| Common Stock Repurchased | -$109M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | $424M |
| FREE CASH FLOW | $140M |
| Net Change in Cash | $436M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $920M |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $406M |
| Other Current Assets | $282M |
| TOTAL CURRENT ASSETS | $3.8B |
| PP&E (Net) | $2.3B |
| Goodwill | $4.8B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $591M |
| TOTAL NON-CURRENT ASSETS | $9.6B |
| TOTAL ASSETS | $13.5B |
| Account Payables | $1.1B |
| Short-Term Debt | $424M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $382M |
| Other Non-Current Liabilities | $528M |
| TOTAL NON-CURRENT LIABILITIES | $7.3B |
| TOTAL LIABILITIES | $10.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | $350M |
| Treasury Stock | -$1.1B |
| Accum. Other Comp. Income | -$166M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $14M |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $6.8B |
| Net Debt | $5.9B |
