| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $843M | $899M | $819M | -6.3% | 2.8% |
| Op. Income | $177M | $214M | $160M | -17.4% | 10.7% |
| Gross Margin | 30.7% | 33.3% | 30.0% | -2.6pp | 0.7pp |
| Net Margin | 17.7% | 19.7% | 14.7% | -2.0pp | 3.0pp |
| EPS (Diluted) | $3.61 | $4.28 | $2.88 | -15.7% | 25.3% |
| Free Cash Flow | -$112M | $205M | $270M | -154.4% | -141.4% |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $584M |
| GROSS PROFIT | $259M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $666M |
| OPERATING INCOME | $177M |
| Interest Income | $15M |
| Interest Expense | $23M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1.0K |
| NET INCOME | $149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $149M |
| D&A | $88M |
| EBIT | $197M |
| EBITDA | $286M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $843M |
| Cost of Revenue | $584M |
| GROSS PROFIT | $259M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $666M |
| OPERATING INCOME | $177M |
| Interest Income | $15M |
| Interest Expense | $23M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $174M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1.0K |
| NET INCOME | $149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $149M |
| D&A | $88M |
| EBIT | $197M |
| EBITDA | $286M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $149M |
| Depreciation & Amortization | $88M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $41M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $279M |
| Capital Expenditure | -$391M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $175M |
| NET CASH FROM INVESTING | -$215M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$133M |
| Other Financing Activities | $150M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$112M |
| Net Change in Cash | $71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $236M |
| Short-Term Investments | $764M |
| Net Receivables | $186M |
| Inventory | $141M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $4.1B |
| Goodwill | $0 |
| Intangible Assets | $99M |
| Long-Term Investments | $368M |
| Tax Assets | $17M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $4.6B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $188M |
| Short-Term Debt | $220M |
| Deferred Revenue | $789M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $236M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $31M |
| Additional Paid-In Capital | $218M |
| Retained Earnings | $2.6B |
| Treasury Stock | -$300M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $2.1B |
| Net Debt | $1.8B |
