| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.6B | $14.0B | $16.7B | 18.6% | -0.1% |
| Op. Income | $2.1B | $569M | $2.3B | 269.4% | -7.3% |
| Gross Margin | 30.3% | 21.5% | 30.7% | 8.8pp | -0.5pp |
| Net Margin | 12.8% | 1.7% | 7.8% | 11.1pp | 5.0pp |
| EPS (Diluted) | $3.26 | $0.37 | $2.01 | 781.1% | 62.2% |
| Free Cash Flow | $648M | $1.2B | $1.1B | -43.8% | -43.2% |
| Item | Amount |
|---|---|
| REVENUE | $16.6B |
| Cost of Revenue | $11.6B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $673M |
| General & Administrative | $470M |
| SG&A Expenses | $1.1B |
| Other Expenses | $1.8B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $14.5B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $172M |
| Other Income/Expenses | $472M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $444M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $602M |
| EBIT | $2.7B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $16.6B |
| Cost of Revenue | $11.6B |
| GROSS PROFIT | $5.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $673M |
| General & Administrative | $470M |
| SG&A Expenses | $1.1B |
| Other Expenses | $1.8B |
| Operating Expenses | $2.9B |
| Cost & Expenses | $14.5B |
| OPERATING INCOME | $2.1B |
| Interest Income | $0 |
| Interest Expense | $172M |
| Other Income/Expenses | $472M |
| INCOME BEFORE TAX | $2.6B |
| Income Tax Expense | $444M |
| Net Income from Continuing Ops | $2.1B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.1B |
| D&A | $602M |
| EBIT | $2.7B |
| EBITDA | $3.3B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.1B |
| Depreciation & Amortization | $602M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$875M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | -$943M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$97M |
| Other Financing Activities | -$30M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $648M |
| Net Change in Cash | -$373M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $0 |
| Net Receivables | $3.8B |
| Inventory | $1.5B |
| Other Current Assets | $2.4B |
| TOTAL CURRENT ASSETS | $11.0B |
| PP&E (Net) | $45.3B |
| Goodwill | $9.8B |
| Intangible Assets | $6.0B |
| Long-Term Investments | $3.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $67.4B |
| TOTAL ASSETS | $78.4B |
| Account Payables | $5.1B |
| Short-Term Debt | $2.2B |
| Deferred Revenue | $4.5B |
| Other Current Liabilities | $10.0B |
| TOTAL CURRENT LIABILITIES | $28.6B |
| Long-Term Debt | $12.8B |
| Deferred Revenue NC | $4.6B |
| Deferred Tax Liabilities | $2.6B |
| Other Non-Current Liabilities | $6.9B |
| TOTAL NON-CURRENT LIABILITIES | $32.4B |
| TOTAL LIABILITIES | $61.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $11.7B |
| Retained Earnings | $10.8B |
| Treasury Stock | -$238M |
| Accum. Other Comp. Income | -$4.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $17.4B |
| TOTAL LIABILITIES & EQUITY | $78.4B |
| Total Debt | $21.3B |
| Net Debt | $17.9B |
