| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $843M | $798M | $923M | 5.7% | -8.7% |
| Op. Income | $181M | $155M | $211M | 16.8% | -14.3% |
| Gross Margin | 62.7% | 62.1% | 58.4% | 0.6pp | 4.3pp |
| Net Margin | 16.6% | 15.0% | 17.7% | 1.6pp | -1.1pp |
| EPS (Diluted) | $2.19 | $1.86 | $2.54 | 17.7% | -13.8% |
| Free Cash Flow | $61M | -$28M | $417M | 317.5% | -85.4% |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $529M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $221M |
| SG&A Expenses | $230M |
| Other Expenses | $118M |
| Operating Expenses | $348M |
| Cost & Expenses | $662M |
| OPERATING INCOME | $181M |
| Interest Income | $642M |
| Interest Expense | $314M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $140M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $27M |
| EBIT | $181M |
| EBITDA | $208M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $314M |
| GROSS PROFIT | $529M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $221M |
| SG&A Expenses | $230M |
| Other Expenses | $118M |
| Operating Expenses | $348M |
| Cost & Expenses | $662M |
| OPERATING INCOME | $181M |
| Interest Income | $642M |
| Interest Expense | $314M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $140M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $140M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $27M |
| EBIT | $181M |
| EBITDA | $208M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $140M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$124M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$653M |
| Sales/Maturities of Investments | $540M |
| Other Investing Activities | -$573M |
| NET CASH FROM INVESTING | -$687M |
| Net Debt Issuance | $683M |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | -$37M |
| Other Financing Activities | -$43M |
| NET CASH FROM FINANCING | $540M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.0B |
| Net Receivables | $376M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $637M |
| Goodwill | $1.0B |
| Intangible Assets | $375M |
| Long-Term Investments | $26.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $19.7B |
| TOTAL NON-CURRENT ASSETS | $48.2B |
| TOTAL ASSETS | $51.0B |
| Account Payables | $303M |
| Short-Term Debt | $709M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38.2B |
| TOTAL CURRENT LIABILITIES | $39.3B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $45.1B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $5.8B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$289M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.9B |
| Minority Interest | $2M |
| TOTAL EQUITY | $5.9B |
| TOTAL LIABILITIES & EQUITY | $51.0B |
| Total Debt | $4.8B |
| Net Debt | $3.5B |
