| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.0B | $12.2B | $12.0B | 6.7% | 8.9% |
| Op. Income | $1.3B | $1.3B | $1.2B | 2.9% | 12.9% |
| Gross Margin | 14.9% | 15.5% | 15.0% | -0.5pp | -0.1pp |
| Net Margin | 7.8% | 8.1% | 7.6% | -0.4pp | 0.2pp |
| EPS (Diluted) | $3.74 | $3.66 | $3.26 | 2.2% | 14.7% |
| Free Cash Flow | $1.4B | -$290M | $613M | 582.8% | 128.4% |
| Item | Amount |
|---|---|
| REVENUE | $13.0B |
| Cost of Revenue | $11.1B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $644M |
| SG&A Expenses | $644M |
| Other Expenses | $0 |
| Operating Expenses | $644M |
| Cost & Expenses | $11.7B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $218M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $223M |
| EBIT | $1.3B |
| EBITDA | $1.5B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $13.0B |
| Cost of Revenue | $11.1B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $644M |
| SG&A Expenses | $644M |
| Other Expenses | $0 |
| Operating Expenses | $644M |
| Cost & Expenses | $11.7B |
| OPERATING INCOME | $1.3B |
| Interest Income | $0 |
| Interest Expense | $88M |
| Other Income/Expenses | -$73M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $218M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $223M |
| EBIT | $1.3B |
| EBITDA | $1.5B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $223M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$39M |
| Other Non-Cash Items | $257M |
| Change in Working Capital | $88M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$198M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $112M |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | -$897M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$402M |
| Other Financing Activities | $71M |
| NET CASH FROM FINANCING | -$1.2B |
| FREE CASH FLOW | $1.4B |
| Net Change in Cash | $281M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $12.0B |
| Inventory | $9.9B |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $25.1B |
| PP&E (Net) | $6.6B |
| Goodwill | $20.9B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3.0B |
| TOTAL NON-CURRENT ASSETS | $31.8B |
| TOTAL ASSETS | $56.9B |
| Account Payables | $3.1B |
| Short-Term Debt | $1.2B |
| Deferred Revenue | $10.7B |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $18.4B |
| Long-Term Debt | $7.5B |
| Deferred Revenue NC | $1.9B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $14.9B |
| TOTAL LIABILITIES | $33.3B |
| Common Stock | $482M |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | $42.7B |
| Treasury Stock | -$23.0B |
| Accum. Other Comp. Income | -$795M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $23.6B |
| TOTAL LIABILITIES & EQUITY | $56.9B |
| Total Debt | $10.6B |
| Net Debt | $9.1B |
