| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24.0B | $23.0B | $20.3B | 4.2% | 18.3% |
| Op. Income | $1.3B | $1.0B | $1.2B | 21.4% | 5.9% |
| Gross Margin | 13.5% | 13.4% | 15.4% | 0.0pp | -1.9pp |
| Net Margin | 2.6% | 2.6% | 1.7% | -0.0pp | 0.8pp |
| EPS (Diluted) | $0.28 | $0.27 | $0.16 | 3.8% | 77.9% |
| Free Cash Flow | $78M | -$965M | $1.2B | 108.1% | -93.6% |
| Item | Amount |
|---|---|
| REVENUE | $24.0B |
| Cost of Revenue | $20.7B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $645M |
| SG&A Expenses | $1.8B |
| Other Expenses | $127M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $22.7B |
| OPERATING INCOME | $1.3B |
| Interest Income | $74M |
| Interest Expense | $432M |
| Other Income/Expenses | -$413M |
| INCOME BEFORE TAX | $850M |
| Income Tax Expense | $162M |
| Net Income from Continuing Ops | $687M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $612M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $612M |
| D&A | $287M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $24.0B |
| Cost of Revenue | $20.7B |
| GROSS PROFIT | $3.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $1.2B |
| General & Administrative | $645M |
| SG&A Expenses | $1.8B |
| Other Expenses | $127M |
| Operating Expenses | $2.0B |
| Cost & Expenses | $22.7B |
| OPERATING INCOME | $1.3B |
| Interest Income | $74M |
| Interest Expense | $432M |
| Other Income/Expenses | -$413M |
| INCOME BEFORE TAX | $850M |
| Income Tax Expense | $162M |
| Net Income from Continuing Ops | $687M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $612M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $612M |
| D&A | $287M |
| EBIT | $1.3B |
| EBITDA | $1.6B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $612M |
| Depreciation & Amortization | $645M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$50M |
| Change in Working Capital | -$623M |
| OPERATING CASH FLOW | $592M |
| Capital Expenditure | -$513M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$188M |
| NET CASH FROM INVESTING | -$701M |
| Net Debt Issuance | -$833M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.4B |
| Other Financing Activities | -$429M |
| NET CASH FROM FINANCING | -$2.6B |
| FREE CASH FLOW | $78M |
| Net Change in Cash | -$2.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $0 |
| Net Receivables | $4.7B |
| Inventory | $8.9B |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $17.5B |
| PP&E (Net) | $15.9B |
| Goodwill | $6.4B |
| Intangible Assets | $2.1B |
| Long-Term Investments | $240M |
| Tax Assets | $573M |
| Other Non-Current Assets | $3.2B |
| TOTAL NON-CURRENT ASSETS | $28.4B |
| TOTAL ASSETS | $46.0B |
| Account Payables | $6.7B |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $11.4B |
| Long-Term Debt | $20.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.2B |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $24.4B |
| TOTAL LIABILITIES | $35.8B |
| Common Stock | $4.7B |
| Additional Paid-In Capital | $43M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3.2B |
| Other Equity | $6M |
| TOTAL STOCKHOLDERS' EQUITY | $9.2B |
| Minority Interest | $908M |
| TOTAL EQUITY | $10.2B |
| TOTAL LIABILITIES & EQUITY | $46.0B |
| Total Debt | $23.4B |
| Net Debt | $20.6B |
