| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.4B | $3.7B | 4.4% | -3.4% |
| Op. Income | $1.3B | $1.0B | $1.4B | 23.2% | -10.4% |
| Gross Margin | 35.9% | 30.4% | 38.7% | 5.5pp | -2.8pp |
| Net Margin | 23.2% | 18.9% | 26.0% | 4.3pp | -2.8pp |
| EPS (Diluted) | $0.44 | $0.34 | $0.49 | 29.4% | -10.2% |
| Free Cash Flow | -$141M | $536M | $547M | -126.3% | -125.8% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $212M |
| Other Income/Expenses | -$190M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $264M |
| Net Income from Continuing Ops | $829M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $829M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $829M |
| D&A | $427M |
| EBIT | $1.3B |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $2.3B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $212M |
| Other Income/Expenses | -$190M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $264M |
| Net Income from Continuing Ops | $829M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $829M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $829M |
| D&A | $427M |
| EBIT | $1.3B |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $829M |
| Depreciation & Amortization | $427M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | -$46M |
| Change in Working Capital | -$561M |
| OPERATING CASH FLOW | $635M |
| Capital Expenditure | -$776M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$45M |
| NET CASH FROM INVESTING | -$807M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$421M |
| Common Dividends Paid | -$243M |
| Other Financing Activities | $85M |
| NET CASH FROM FINANCING | -$580M |
| FREE CASH FLOW | -$141M |
| Net Change in Cash | -$752M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $387M |
| Short-Term Investments | $6M |
| Net Receivables | $1.4B |
| Inventory | $420M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $36.7B |
| Goodwill | $0 |
| Intangible Assets | $437M |
| Long-Term Investments | $2.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $889M |
| TOTAL NON-CURRENT ASSETS | $40.6B |
| TOTAL ASSETS | $42.9B |
| Account Payables | $1.3B |
| Short-Term Debt | $616M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $485M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $18.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.7B |
| Other Non-Current Liabilities | $817M |
| TOTAL NON-CURRENT LIABILITIES | $27.6B |
| TOTAL LIABILITIES | $30.6B |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $882M |
| Retained Earnings | $9.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$224M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.4B |
| Minority Interest | $5M |
| TOTAL EQUITY | $12.4B |
| TOTAL LIABILITIES & EQUITY | $42.9B |
| Total Debt | $19.6B |
| Net Debt | $19.3B |
