| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.9B | $4.1B | $4.1B | -3.7% | -2.9% |
| Op. Income | $252M | $251M | $220M | 0.4% | 14.5% |
| Gross Margin | 24.3% | 23.3% | 21.8% | 1.0pp | 2.5pp |
| Net Margin | 4.6% | 4.4% | 3.9% | 0.2pp | 0.7pp |
| EPS (Diluted) | $4.85 | $4.83 | $4.24 | 0.4% | 14.4% |
| Free Cash Flow | $160M | $181M | $146M | -11.5% | 9.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $959M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $706M |
| Operating Expenses | $706M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $252M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $240M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $97M |
| EBIT | $252M |
| EBITDA | $349M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| REVENUE | $3.9B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $959M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $706M |
| Operating Expenses | $706M |
| Cost & Expenses | $3.7B |
| OPERATING INCOME | $252M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $240M |
| Income Tax Expense | $59M |
| Net Income from Continuing Ops | $181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $181M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $181M |
| D&A | $97M |
| EBIT | $252M |
| EBITDA | $349M |
| EPS | $5 |
| EPS Diluted | $5 |
| Item | Amount |
|---|---|
| Net Income | $181M |
| Depreciation & Amortization | $97M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $271M |
| Capital Expenditure | -$111M |
| Acquisitions (Net) | -$28M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$134M |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | -$734.0K |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $1.1B |
| FREE CASH FLOW | $160M |
| Net Change in Cash | $1.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $352M |
| Short-Term Investments | $0 |
| Net Receivables | $156M |
| Inventory | $432M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $979M |
| PP&E (Net) | $4.7B |
| Goodwill | $658M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $573M |
| Short-Term Debt | $246M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $609M |
| Other Non-Current Liabilities | $201M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $26M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $2.7B |
| Net Debt | $2.4B |
