| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.0B | $3.8B | $3.8B | 4.9% | 5.3% |
| Op. Income | $506M | $496M | $548M | 2.0% | -7.7% |
| Gross Margin | 32.9% | 33.9% | 27.7% | -1.0pp | 5.2pp |
| Net Margin | 6.6% | 6.5% | 9.5% | 0.1pp | -2.9pp |
| EPS (Diluted) | $1.54 | $1.40 | $1.97 | 10.0% | -21.8% |
| Free Cash Flow | $292M | $426M | $445M | -31.5% | -34.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $509M |
| Other Expenses | $308M |
| Operating Expenses | $817M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $506M |
| Interest Income | $10M |
| Interest Expense | $182M |
| Other Income/Expenses | -$183M |
| INCOME BEFORE TAX | $323M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $276M |
| EBIT | $505M |
| EBITDA | $781M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $4.0B |
| Cost of Revenue | $2.7B |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $509M |
| Other Expenses | $308M |
| Operating Expenses | $817M |
| Cost & Expenses | $3.5B |
| OPERATING INCOME | $506M |
| Interest Income | $10M |
| Interest Expense | $182M |
| Other Income/Expenses | -$183M |
| INCOME BEFORE TAX | $323M |
| Income Tax Expense | $57M |
| Net Income from Continuing Ops | $266M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $266M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $266M |
| D&A | $276M |
| EBIT | $505M |
| EBITDA | $781M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $266M |
| Depreciation & Amortization | $276M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | -$45M |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$104M |
| OPERATING CASH FLOW | $443M |
| Capital Expenditure | -$151M |
| Acquisitions (Net) | -$195M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$346M |
| Net Debt Issuance | $856M |
| Common Stock Repurchased | -$657M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$54M |
| NET CASH FROM FINANCING | $145M |
| FREE CASH FLOW | $292M |
| Net Change in Cash | $299M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $149M |
| Net Receivables | $3.4B |
| Inventory | $0 |
| Other Current Assets | $551M |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $816M |
| Goodwill | $15.6B |
| Intangible Assets | $4.6B |
| Long-Term Investments | $406M |
| Tax Assets | $345M |
| Other Non-Current Assets | $513M |
| TOTAL NON-CURRENT ASSETS | $22.3B |
| TOTAL ASSETS | $28.6B |
| Account Payables | $3.4B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $2.1B |
| Other Current Liabilities | $613M |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $14.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $216M |
| Other Non-Current Liabilities | $671M |
| TOTAL NON-CURRENT LIABILITIES | $15.3B |
| TOTAL LIABILITIES | $22.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $11.2B |
| Retained Earnings | $6.6B |
| Treasury Stock | -$11.1B |
| Accum. Other Comp. Income | -$882M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.8B |
| Minority Interest | $8M |
| TOTAL EQUITY | $5.8B |
| TOTAL LIABILITIES & EQUITY | $28.6B |
| Total Debt | $15.7B |
| Net Debt | $13.7B |
