| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.2B | $3.6B | $3.9B | 14.5% | 6.1% |
| Op. Income | $898M | $801M | $861M | 12.1% | 4.3% |
| Gross Margin | 54.2% | 54.6% | 55.4% | -0.4pp | -1.2pp |
| Net Margin | 13.1% | 14.2% | 13.1% | -1.1pp | 0.0pp |
| EPS (Diluted) | $0.40 | $0.38 | $0.38 | 5.3% | 5.3% |
| Free Cash Flow | $323M | $89M | $524M | 262.9% | -38.4% |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $1M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $898M |
| Interest Income | $0 |
| Interest Expense | $182M |
| Other Income/Expenses | -$180M |
| INCOME BEFORE TAX | $718M |
| Income Tax Expense | $171M |
| Net Income from Continuing Ops | $547M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $547M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $547M |
| D&A | $185M |
| EBIT | $898M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $4.2B |
| Cost of Revenue | $1.9B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1.4B |
| Other Expenses | $1M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.3B |
| OPERATING INCOME | $898M |
| Interest Income | $0 |
| Interest Expense | $182M |
| Other Income/Expenses | -$180M |
| INCOME BEFORE TAX | $718M |
| Income Tax Expense | $171M |
| Net Income from Continuing Ops | $547M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $547M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $547M |
| D&A | $185M |
| EBIT | $898M |
| EBITDA | $1.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $547M |
| Depreciation & Amortization | $185M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$327M |
| OPERATING CASH FLOW | $431M |
| Capital Expenditure | -$108M |
| Acquisitions (Net) | -$112M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$221M |
| Net Debt Issuance | -$62M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$313M |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$402M |
| FREE CASH FLOW | $323M |
| Net Change in Cash | -$186M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $509M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $1.7B |
| Other Current Assets | $467M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $3.8B |
| Goodwill | $20.2B |
| Intangible Assets | $23.8B |
| Long-Term Investments | $1.6B |
| Tax Assets | $36M |
| Other Non-Current Assets | $223M |
| TOTAL NON-CURRENT ASSETS | $49.8B |
| TOTAL ASSETS | $54.4B |
| Account Payables | $3.1B |
| Short-Term Debt | $2.0B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $348M |
| TOTAL CURRENT LIABILITIES | $7.2B |
| Long-Term Debt | $13.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.5B |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $22.2B |
| TOTAL LIABILITIES | $29.4B |
| Common Stock | $14M |
| Additional Paid-In Capital | $19.7B |
| Retained Earnings | $5.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $25.0B |
| TOTAL LIABILITIES & EQUITY | $54.4B |
| Total Debt | $17.6B |
| Net Debt | $17.1B |
