| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $821M | $906M | $509M | -9.4% | 61.3% |
| Op. Income | $178M | $207M | $111M | -14.0% | 60.4% |
| Gross Margin | 37.0% | 38.6% | 41.8% | -1.6pp | -4.8pp |
| Net Margin | 21.0% | 12.7% | 1.6% | 8.3pp | 19.4pp |
| EPS (Diluted) | $1.92 | $1.26 | $0.11 | 52.4% | 1645.5% |
| Free Cash Flow | $109M | $131M | $66M | -16.8% | 65.2% |
| Item | Amount |
|---|---|
| REVENUE | $821M |
| Cost of Revenue | $517M |
| GROSS PROFIT | $304M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $47M |
| Operating Expenses | $126M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $178M |
| Interest Income | $5M |
| Interest Expense | $25M |
| Other Income/Expenses | $64M |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $156M |
| EBIT | $267M |
| EBITDA | $423M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $821M |
| Cost of Revenue | $517M |
| GROSS PROFIT | $304M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $79M |
| SG&A Expenses | $79M |
| Other Expenses | $47M |
| Operating Expenses | $126M |
| Cost & Expenses | $643M |
| OPERATING INCOME | $178M |
| Interest Income | $5M |
| Interest Expense | $25M |
| Other Income/Expenses | $64M |
| INCOME BEFORE TAX | $242M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $172M |
| D&A | $156M |
| EBIT | $267M |
| EBITDA | $423M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $172M |
| Depreciation & Amortization | $156M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$169M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$217M |
| Common Dividends Paid | -$35M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$256M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | -$142M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $392M |
| Inventory | $93M |
| Other Current Assets | $146M |
| TOTAL CURRENT ASSETS | $728M |
| PP&E (Net) | $5.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $93M |
| Tax Assets | $33M |
| Other Non-Current Assets | $205M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $329M |
| Short-Term Debt | $144M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $367M |
| TOTAL CURRENT LIABILITIES | $928M |
| Long-Term Debt | $888M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $185M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$922M |
| Accum. Other Comp. Income | $72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.1B |
| Net Debt | $1.0B |
