| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.4B | $5.4B | $5.1B | 0.7% | 5.7% |
| Op. Income | $1.3B | $1.3B | $1.2B | -0.4% | 13.2% |
| Gross Margin | 26.4% | 26.5% | 24.6% | -0.1pp | 1.8pp |
| Net Margin | -0.1% | 0.5% | -0.7% | -0.6pp | 0.6pp |
| EPS (Diluted) | $-0.03 | $0.04 | $-0.10 | -188.3% | 67.5% |
| Free Cash Flow | $169M | -$2M | $66M | 8550.0% | 156.1% |
| Item | Amount |
|---|---|
| REVENUE | $5.4B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $1.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $108M |
| SG&A Expenses | $108M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $4.1B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $909M |
| Other Income/Expenses | -$917M |
| INCOME BEFORE TAX | $409M |
| Income Tax Expense | $157M |
| Net Income from Continuing Ops | $252M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $941M |
| EBIT | $1.3B |
| EBITDA | $2.3B |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $941M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $329M |
| Change in Working Capital | -$75M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$1.0B |
| Acquisitions (Net) | -$169M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $729M |
| NET CASH FROM INVESTING | -$460M |
| Net Debt Issuance | $1.6B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$207M |
| Other Financing Activities | -$1.3B |
| NET CASH FROM FINANCING | $105M |
| FREE CASH FLOW | $169M |
| Net Change in Cash | $879M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $240M |
| Net Receivables | $4.9B |
| Inventory | $470M |
| Other Current Assets | $4.2B |
| TOTAL CURRENT ASSETS | $12.2B |
| PP&E (Net) | $52.5B |
| Goodwill | $14.5B |
| Intangible Assets | $16.5B |
| Long-Term Investments | $5.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.1B |
| TOTAL NON-CURRENT ASSETS | $96.5B |
| TOTAL ASSETS | $108.7B |
| Account Payables | $5.3B |
| Short-Term Debt | $4.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $13.8B |
| Long-Term Debt | $48.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12.8B |
| TOTAL NON-CURRENT LIABILITIES | $65.3B |
| TOTAL LIABILITIES | $79.0B |
| Common Stock | $6.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$4.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.3B |
| Minority Interest | $24.4B |
| TOTAL EQUITY | $29.6B |
| TOTAL LIABILITIES & EQUITY | $108.7B |
| Total Debt | $57.7B |
| Net Debt | $55.4B |
