| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.4B | 13.4% | -2.4% |
| Op. Income | $368M | $376M | $315M | -2.4% | 16.7% |
| Gross Margin | 52.7% | 47.4% | 47.2% | 5.3pp | 5.5pp |
| Net Margin | 22.8% | 26.4% | 17.8% | -3.6pp | 5.0pp |
| EPS (Diluted) | $0.65 | $0.66 | $0.52 | -1.4% | 25.0% |
| Free Cash Flow | $998M | -$234M | $560M | 526.4% | 78.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $636M |
| GROSS PROFIT | $708M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $218M |
| SG&A Expenses | $225M |
| Other Expenses | $115M |
| Operating Expenses | $340M |
| Cost & Expenses | $976M |
| OPERATING INCOME | $368M |
| Interest Income | $961M |
| Interest Expense | $471M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $368M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $312M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $307M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $307M |
| D&A | $37M |
| EBIT | $368M |
| EBITDA | $405M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $636M |
| GROSS PROFIT | $708M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $218M |
| SG&A Expenses | $225M |
| Other Expenses | $115M |
| Operating Expenses | $340M |
| Cost & Expenses | $976M |
| OPERATING INCOME | $368M |
| Interest Income | $961M |
| Interest Expense | $471M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $368M |
| Income Tax Expense | $56M |
| Net Income from Continuing Ops | $312M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $307M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $307M |
| D&A | $37M |
| EBIT | $368M |
| EBITDA | $405M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $307M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $80M |
| Change in Working Capital | $585M |
| OPERATING CASH FLOW | $1.0B |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$676M |
| Other Financing Activities | -$2.2B |
| NET CASH FROM FINANCING | -$1.3B |
| FREE CASH FLOW | $998M |
| Net Change in Cash | -$342M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.9B |
| Short-Term Investments | $2.5B |
| Net Receivables | $1.3B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.7B |
| PP&E (Net) | $336M |
| Goodwill | $0 |
| Intangible Assets | $89M |
| Long-Term Investments | $62.2B |
| Tax Assets | $491M |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $65.8B |
| TOTAL ASSETS | $74.5B |
| Account Payables | $613M |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31.9B |
| TOTAL CURRENT LIABILITIES | $35.4B |
| Long-Term Debt | $16.3B |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $17.5B |
| TOTAL NON-CURRENT LIABILITIES | $33.9B |
| TOTAL LIABILITIES | $69.3B |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $663M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.1B |
| Minority Interest | $126M |
| TOTAL EQUITY | $5.2B |
| TOTAL LIABILITIES & EQUITY | $74.5B |
| Total Debt | $19.2B |
| Net Debt | $14.3B |
