| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.8B | — | 8.1% | — |
| Op. Income | $1.1B | $832M | — | 29.6% | — |
| Gross Margin | 36.9% | 34.8% | — | 2.0pp | — |
| Net Margin | 15.2% | 12.0% | — | 3.2pp | — |
| EPS (Diluted) | $1.42 | $1.03 | — | 37.9% | — |
| Free Cash Flow | $990M | $484M | — | 104.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $852M |
| Other Expenses | $1M |
| Operating Expenses | $853M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | $997M |
| Income Tax Expense | $195M |
| Net Income from Continuing Ops | $802M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $796M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $796M |
| D&A | $130M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $5.2B |
| Cost of Revenue | $3.3B |
| GROSS PROFIT | $1.9B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $852M |
| Other Expenses | $1M |
| Operating Expenses | $853M |
| Cost & Expenses | $4.2B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | $997M |
| Income Tax Expense | $195M |
| Net Income from Continuing Ops | $802M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $796M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $796M |
| D&A | $130M |
| EBIT | $1.1B |
| EBITDA | $1.2B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $802M |
| Depreciation & Amortization | $130M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$28M |
| Other Non-Cash Items | -$60M |
| Change in Working Capital | $280M |
| OPERATING CASH FLOW | $1.2B |
| Capital Expenditure | -$161M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$158M |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$338M |
| Other Financing Activities | -$26M |
| NET CASH FROM FINANCING | $852M |
| FREE CASH FLOW | $990M |
| Net Change in Cash | $1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.8B |
| Inventory | $2.0B |
| Other Current Assets | $1.3B |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $3.5B |
| Goodwill | $14.4B |
| Intangible Assets | $6.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $26.0B |
| TOTAL ASSETS | $33.4B |
| Account Payables | $4.1B |
| Short-Term Debt | $2.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.9B |
| TOTAL CURRENT LIABILITIES | $8.0B |
| Long-Term Debt | $12.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2.2B |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $15.9B |
| TOTAL LIABILITIES | $23.9B |
| Common Stock | $76M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $21.3B |
| Treasury Stock | -$10.9B |
| Accum. Other Comp. Income | -$2.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.2B |
| Minority Interest | $249M |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $33.4B |
| Total Debt | $14.5B |
| Net Debt | $12.2B |
