| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.0B | $5.2B | $5.4B | 15.0% | 10.2% |
| Op. Income | $420M | $361M | $433M | 16.3% | -3.0% |
| Gross Margin | 20.8% | 21.6% | 21.8% | -0.8pp | -1.0pp |
| Net Margin | 4.5% | 4.3% | 5.2% | 0.2pp | -0.6pp |
| EPS (Diluted) | $2.05 | $1.69 | $2.07 | 21.3% | -1.0% |
| Free Cash Flow | $133M | $260M | $119M | -48.8% | 12.1% |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $821M |
| Other Expenses | $0 |
| Operating Expenses | $821M |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $420M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $365M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $271M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $271M |
| D&A | $73M |
| EBIT | $422M |
| EBITDA | $495M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $6.0B |
| Cost of Revenue | $4.7B |
| GROSS PROFIT | $1.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $821M |
| Other Expenses | $0 |
| Operating Expenses | $821M |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $420M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $365M |
| Income Tax Expense | $94M |
| Net Income from Continuing Ops | $271M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $271M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $271M |
| D&A | $73M |
| EBIT | $422M |
| EBITDA | $495M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $271M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$204M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $209M |
| NET CASH FROM INVESTING | $187M |
| Net Debt Issuance | -$225M |
| Common Stock Repurchased | -$150M |
| Common Dividends Paid | -$82M |
| Other Financing Activities | $102M |
| NET CASH FROM FINANCING | -$355M |
| FREE CASH FLOW | $133M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $481M |
| Short-Term Investments | $0 |
| Net Receivables | $6.2B |
| Inventory | $762M |
| Other Current Assets | $408M |
| TOTAL CURRENT ASSETS | $7.8B |
| PP&E (Net) | $292M |
| Goodwill | $4.7B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $15.3B |
| Account Payables | $3.8B |
| Short-Term Debt | $10M |
| Deferred Revenue | $490M |
| Other Current Liabilities | $833M |
| TOTAL CURRENT LIABILITIES | $5.8B |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $139M |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $7.0B |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$86M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $15.3B |
| Total Debt | $5.8B |
| Net Debt | $5.3B |
