| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9.5B | $10.4B | $11.3B | -8.9% | -16.2% |
| Op. Income | $504M | $938M | $1.1B | -46.3% | -54.0% |
| Gross Margin | 20.0% | 21.9% | 23.3% | -1.8pp | -3.3pp |
| Net Margin | 6.6% | 6.0% | 6.5% | 0.5pp | 0.1pp |
| EPS (Diluted) | $0.34 | $0.34 | $0.39 | -2.1% | -13.2% |
| Free Cash Flow | $884M | $63M | $1.2B | 1307.0% | -26.8% |
| Item | Amount |
|---|---|
| REVENUE | $9.5B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $112M |
| SG&A Expenses | $112M |
| Other Expenses | $1.3B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $9.0B |
| OPERATING INCOME | $504M |
| Interest Income | $37M |
| Interest Expense | $113M |
| Other Income/Expenses | $238M |
| INCOME BEFORE TAX | $742M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $622M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $622M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $619M |
| D&A | $865M |
| EBIT | $855M |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $9.5B |
| Cost of Revenue | $7.6B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $112M |
| SG&A Expenses | $112M |
| Other Expenses | $1.3B |
| Operating Expenses | $1.4B |
| Cost & Expenses | $9.0B |
| OPERATING INCOME | $504M |
| Interest Income | $37M |
| Interest Expense | $113M |
| Other Income/Expenses | $238M |
| INCOME BEFORE TAX | $742M |
| Income Tax Expense | $121M |
| Net Income from Continuing Ops | $622M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $622M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $619M |
| D&A | $865M |
| EBIT | $855M |
| EBITDA | $1.7B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $622M |
| Depreciation & Amortization | $865M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$93M |
| Other Non-Cash Items | -$343M |
| Change in Working Capital | $675M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$851M |
| Acquisitions (Net) | -$85M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$69M |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | -$130M |
| Common Stock Repurchased | -$231M |
| Common Dividends Paid | -$269M |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | -$788M |
| FREE CASH FLOW | $884M |
| Net Change in Cash | -$150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $2.2B |
| Inventory | $2.9B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $30.1B |
| Goodwill | $2.1B |
| Intangible Assets | $0 |
| Long-Term Investments | $247M |
| Tax Assets | $888M |
| Other Non-Current Assets | $548M |
| TOTAL NON-CURRENT ASSETS | $33.9B |
| TOTAL ASSETS | $40.8B |
| Account Payables | $4.5B |
| Short-Term Debt | $320M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5.2B |
| Long-Term Debt | $5.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.9B |
| Other Non-Current Liabilities | $4.1B |
| TOTAL NON-CURRENT LIABILITIES | $14.1B |
| TOTAL LIABILITIES | $19.3B |
| Common Stock | $11.3B |
| Additional Paid-In Capital | $472M |
| Retained Earnings | $8.4B |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | $1.2B |
| Other Equity | $8M |
| TOTAL STOCKHOLDERS' EQUITY | $21.5B |
| Minority Interest | $11M |
| TOTAL EQUITY | $21.5B |
| TOTAL LIABILITIES & EQUITY | $40.8B |
| Total Debt | $7.7B |
| Net Debt | $5.8B |
