| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.2B | $3.1B | -0.8% | -0.2% |
| Op. Income | $512M | $284M | $238M | 80.3% | 115.1% |
| Gross Margin | 42.7% | 41.1% | 42.3% | 1.6pp | 0.4pp |
| Net Margin | 9.0% | -0.4% | -0.4% | 9.4pp | 9.4pp |
| EPS (Diluted) | $2.09 | $-0.10 | $-0.10 | 2237.0% | 2228.3% |
| Free Cash Flow | -$3M | $35M | $13M | -108.6% | -123.1% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $751M |
| Operating Expenses | $825M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $512M |
| Interest Income | $0 |
| Interest Expense | $214M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $438M |
| Income Tax Expense | $118M |
| Net Income from Continuing Ops | $320M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $282M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $282M |
| D&A | $106M |
| EBIT | $273M |
| EBITDA | $379M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $751M |
| Operating Expenses | $825M |
| Cost & Expenses | $2.6B |
| OPERATING INCOME | $512M |
| Interest Income | $0 |
| Interest Expense | $214M |
| Other Income/Expenses | -$74M |
| INCOME BEFORE TAX | $438M |
| Income Tax Expense | $118M |
| Net Income from Continuing Ops | $320M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $282M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $282M |
| D&A | $106M |
| EBIT | $273M |
| EBITDA | $379M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $282M |
| Depreciation & Amortization | $105M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $35M |
| Other Non-Cash Items | -$288M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$91M |
| Acquisitions (Net) | $456M |
| Purchases of Investments | -$57M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $343M |
| Net Debt Issuance | -$344M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$61M |
| NET CASH FROM FINANCING | -$406M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $456M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $326M |
| Other Current Assets | $223M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $5.3B |
| Goodwill | $3.6B |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $10.0B |
| TOTAL ASSETS | $13.6B |
| Account Payables | $970M |
| Short-Term Debt | $135M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $704M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $10.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $240M |
| Other Non-Current Liabilities | $850M |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $14.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.6B |
| Minority Interest | $533M |
| TOTAL EQUITY | -$1.1B |
| TOTAL LIABILITIES & EQUITY | $13.6B |
| Total Debt | $11.5B |
| Net Debt | $11.0B |
