| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.6B | $3.4B | 1.8% | 5.5% |
| Op. Income | $380M | $349M | $402M | 8.9% | -5.5% |
| Gross Margin | 29.8% | 30.0% | 32.7% | -0.3pp | -3.0pp |
| Net Margin | 8.2% | 7.7% | 9.2% | 0.6pp | -1.0pp |
| EPS (Diluted) | $1.10 | $1.00 | $1.17 | 10.0% | -6.0% |
| Free Cash Flow | $538M | $620M | $597M | -13.2% | -9.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $702M |
| Operating Expenses | $702M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $380M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $380M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $299M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $299M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $18M |
| EBIT | $411M |
| EBITDA | $429M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.6B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $702M |
| Operating Expenses | $702M |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $380M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $380M |
| Income Tax Expense | $81M |
| Net Income from Continuing Ops | $299M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $299M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $299M |
| D&A | $18M |
| EBIT | $411M |
| EBITDA | $429M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $299M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$61M |
| Change in Working Capital | $305M |
| OPERATING CASH FLOW | $562M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | -$88M |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$559M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$125M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$125M |
| FREE CASH FLOW | $538M |
| Net Change in Cash | -$110M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $373M |
| Short-Term Investments | $3.3B |
| Net Receivables | $10.5B |
| Inventory | $0 |
| Other Current Assets | -$14.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $297M |
| Goodwill | $148M |
| Intangible Assets | $0 |
| Long-Term Investments | $47.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$48.4B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $68.9B |
| Account Payables | $0 |
| Short-Term Debt | $500M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$500M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $4.4B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6.9B |
| TOTAL NON-CURRENT LIABILITIES | $53.4B |
| TOTAL LIABILITIES | $58.3B |
| Common Stock | $683M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $9.5B |
| Treasury Stock | -$109M |
| Accum. Other Comp. Income | -$1.6B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.7B |
| TOTAL LIABILITIES & EQUITY | $68.9B |
| Total Debt | $3.0B |
| Net Debt | $2.6B |
