| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.1B | $9.3B | $7.8B | -23.9% | -8.9% |
| Op. Income | $1.5B | $2.4B | $1.9B | -37.3% | -19.5% |
| Gross Margin | 23.9% | 28.0% | 26.1% | -4.1pp | -2.2pp |
| Net Margin | 25.4% | 19.3% | 16.1% | 6.1pp | 9.3pp |
| EPS (Diluted) | $0.86 | $0.86 | $0.58 | 0.0% | 46.3% |
| Free Cash Flow | $876M | $2.2B | $1.8B | -59.9% | -51.3% |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $110M |
| SG&A Expenses | $116M |
| Other Expenses | $66M |
| Operating Expenses | $182M |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $174M |
| Other Income/Expenses | $547M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $256M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $1.3B |
| EBIT | $2.2B |
| EBITDA | $3.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.1B |
| Cost of Revenue | $5.4B |
| GROSS PROFIT | $1.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $110M |
| SG&A Expenses | $116M |
| Other Expenses | $66M |
| Operating Expenses | $182M |
| Cost & Expenses | $5.6B |
| OPERATING INCOME | $1.5B |
| Interest Income | $0 |
| Interest Expense | $174M |
| Other Income/Expenses | $547M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $256M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $1.3B |
| EBIT | $2.2B |
| EBITDA | $3.5B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $1.3B |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$64M |
| Other Non-Cash Items | -$770M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $2.3B |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$1.4B |
| Net Debt Issuance | $284M |
| Common Stock Repurchased | -$262M |
| Common Dividends Paid | -$901M |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | -$851M |
| FREE CASH FLOW | $876M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $2.8B |
| Inventory | $1.9B |
| Other Current Assets | $422M |
| TOTAL CURRENT ASSETS | $5.3B |
| PP&E (Net) | $56.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $529M |
| TOTAL NON-CURRENT ASSETS | $57.0B |
| TOTAL ASSETS | $62.3B |
| Account Payables | $848M |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $998M |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $11.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.7B |
| Other Non-Current Liabilities | $6.7B |
| TOTAL NON-CURRENT LIABILITIES | $25.9B |
| TOTAL LIABILITIES | $32.1B |
| Common Stock | $8.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $21.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $150M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $30.2B |
| TOTAL LIABILITIES & EQUITY | $62.3B |
| Total Debt | $12.5B |
| Net Debt | $12.4B |
