| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $719M | $709M | $707M | 1.4% | 1.7% |
| Op. Income | $187M | $179M | $175M | 4.2% | 6.5% |
| Gross Margin | 74.2% | 74.3% | 69.6% | -0.1pp | 4.7pp |
| Net Margin | 21.8% | 21.3% | 20.6% | 0.5pp | 1.3pp |
| EPS (Diluted) | $2.39 | $2.30 | $2.21 | 3.9% | 8.1% |
| Free Cash Flow | $115M | -$337M | $103M | 134.0% | 11.2% |
| Item | Amount |
|---|---|
| REVENUE | $719M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $534M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $202M |
| SG&A Expenses | $202M |
| Other Expenses | $146M |
| Operating Expenses | $347M |
| Cost & Expenses | $533M |
| OPERATING INCOME | $187M |
| Interest Income | $602M |
| Interest Expense | $172M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $187M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $22M |
| EBIT | $187M |
| EBITDA | $208M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $719M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $534M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $202M |
| SG&A Expenses | $202M |
| Other Expenses | $146M |
| Operating Expenses | $347M |
| Cost & Expenses | $533M |
| OPERATING INCOME | $187M |
| Interest Income | $602M |
| Interest Expense | $172M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $187M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $157M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $157M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $154M |
| D&A | $22M |
| EBIT | $187M |
| EBITDA | $208M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $157M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2.4B |
| Sales/Maturities of Investments | $2.7B |
| Other Investing Activities | -$355M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | -$49M |
| Common Stock Repurchased | -$76.0K |
| Common Dividends Paid | -$65M |
| Other Financing Activities | -$705M |
| NET CASH FROM FINANCING | -$821M |
| FREE CASH FLOW | $115M |
| Net Change in Cash | -$737M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7.1B |
| Short-Term Investments | $10.5B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17.6B |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $23.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $9.4B |
| TOTAL NON-CURRENT ASSETS | $33.8B |
| TOTAL ASSETS | $51.4B |
| Account Payables | $0 |
| Short-Term Debt | $4.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41.7B |
| TOTAL CURRENT LIABILITIES | $46.1B |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $858M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $47.2B |
| Common Stock | $644.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.2B |
| TOTAL LIABILITIES & EQUITY | $51.4B |
| Total Debt | $4.7B |
| Net Debt | -$2.4B |
