| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.3B | $5.8B | — | 8.9% | — |
| Op. Income | $934M | $543M | — | 72.0% | — |
| Gross Margin | 38.6% | 35.2% | — | 3.4pp | — |
| Net Margin | 8.9% | -1.3% | — | 10.3pp | — |
| EPS (Diluted) | $0.42 | $-0.06 | — | 804.7% | — |
| Free Cash Flow | $1.5B | $318M | — | 384.6% | — |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $816M |
| Other Expenses | $692M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.4B |
| OPERATING INCOME | $934M |
| Interest Income | $12M |
| Interest Expense | $341M |
| Other Income/Expenses | -$352M |
| INCOME BEFORE TAX | $582M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $565M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $565M |
| Net Income Deductions | -$17M |
| BOTTOM LINE NET INCOME | $582M |
| D&A | $692M |
| EBIT | $923M |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $6.3B |
| Cost of Revenue | $3.9B |
| GROSS PROFIT | $2.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $816M |
| Other Expenses | $692M |
| Operating Expenses | $1.5B |
| Cost & Expenses | $5.4B |
| OPERATING INCOME | $934M |
| Interest Income | $12M |
| Interest Expense | $341M |
| Other Income/Expenses | -$352M |
| INCOME BEFORE TAX | $582M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $565M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $565M |
| Net Income Deductions | -$17M |
| BOTTOM LINE NET INCOME | $582M |
| D&A | $692M |
| EBIT | $923M |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $564M |
| Depreciation & Amortization | $692M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $1.1B |
| OPERATING CASH FLOW | $2.4B |
| Capital Expenditure | -$851M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $265M |
| NET CASH FROM INVESTING | -$586M |
| Net Debt Issuance | -$531M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$521M |
| FREE CASH FLOW | $1.5B |
| Net Change in Cash | $1.3B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $0 |
| Net Receivables | $569M |
| Inventory | $476M |
| Other Current Assets | $1.2B |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $44.1B |
| Goodwill | $579M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $943M |
| TOTAL NON-CURRENT ASSETS | $46.8B |
| TOTAL ASSETS | $51.2B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $8.1B |
| Other Current Liabilities | -$1M |
| TOTAL CURRENT LIABILITIES | $12.9B |
| Long-Term Debt | $25.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $28.2B |
| TOTAL LIABILITIES | $41.2B |
| Common Stock | $374M |
| Additional Paid-In Capital | $17.2B |
| Retained Earnings | $2.5B |
| Treasury Stock | -$8.4B |
| Accum. Other Comp. Income | -$1.8B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $51.2B |
| Total Debt | $28.6B |
| Net Debt | $26.5B |
