| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.4B | $1.6B | -24.9% | 14.4% |
| Op. Income | $317M | $494M | $283M | -35.8% | 12.0% |
| Gross Margin | 38.8% | 42.7% | 40.9% | -3.8pp | -2.1pp |
| Net Margin | 10.9% | 12.4% | 12.3% | -1.5pp | -1.4pp |
| EPS (Diluted) | $0.66 | $1.01 | $0.65 | -34.7% | 1.5% |
| Free Cash Flow | -$470M | $112M | $26M | -519.6% | -1907.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $714M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $397M |
| Operating Expenses | $397M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $317M |
| Interest Income | $0 |
| Interest Expense | $199M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $193M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $301M |
| EBIT | $454M |
| EBITDA | $755M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.8B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $714M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $397M |
| Operating Expenses | $397M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $317M |
| Interest Income | $0 |
| Interest Expense | $199M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | $255M |
| Income Tax Expense | $62M |
| Net Income from Continuing Ops | $193M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $201M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $198M |
| D&A | $301M |
| EBIT | $454M |
| EBITDA | $755M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $201M |
| Depreciation & Amortization | $288M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $64M |
| Other Non-Cash Items | -$106M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $414M |
| Capital Expenditure | -$884M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$78M |
| NET CASH FROM INVESTING | -$962M |
| Net Debt Issuance | $1.1B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$165M |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | $947M |
| FREE CASH FLOW | -$470M |
| Net Change in Cash | $399M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $844M |
| Short-Term Investments | $0 |
| Net Receivables | $936M |
| Inventory | $736M |
| Other Current Assets | $677M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $28.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $62M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.6B |
| TOTAL NON-CURRENT ASSETS | $34.5B |
| TOTAL ASSETS | $37.7B |
| Account Payables | $1.1B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $290M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $16.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.2B |
| Other Non-Current Liabilities | $5.4B |
| TOTAL NON-CURRENT LIABILITIES | $25.5B |
| TOTAL LIABILITIES | $28.7B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | $2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.4B |
| Minority Interest | $577M |
| TOTAL EQUITY | $9.0B |
| TOTAL LIABILITIES & EQUITY | $37.7B |
| Total Debt | $18.0B |
| Net Debt | $17.2B |
