| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $521M | — | $652M | — | -20.1% |
| Op. Income | $74M | — | $174M | — | -57.4% |
| Gross Margin | 17.6% | — | 29.7% | — | -12.1pp |
| Net Margin | 21.4% | — | 11.6% | — | 9.7pp |
| EPS (Diluted) | $0.15 | — | $0.10 | — | 53.8% |
| Free Cash Flow | -$3M | — | $118M | — | -102.3% |
| Item | Amount |
|---|---|
| REVENUE | $521M |
| Cost of Revenue | $429M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $447M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | $54M |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $241M |
| EBIT | $74M |
| EBITDA | $315M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $521M |
| Cost of Revenue | $429M |
| GROSS PROFIT | $91M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $447M |
| OPERATING INCOME | $74M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | $54M |
| INCOME BEFORE TAX | $128M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $111M |
| D&A | $241M |
| EBIT | $74M |
| EBITDA | $315M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $111M |
| Depreciation & Amortization | $235M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | -$94M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $259M |
| Capital Expenditure | -$262M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$263M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $869.6K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $299M |
| PP&E (Net) | $5.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $109M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $5.5B |
| Account Payables | $393M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $442M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $73M |
| Other Non-Current Liabilities | $476M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $4.5B |
| Additional Paid-In Capital | $283M |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $612M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $5.5B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
