| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.5B | $7.6B | $7.5B | -1.2% | -0.2% |
| Op. Income | $202M | $238M | $187M | -15.4% | 7.7% |
| Gross Margin | 10.9% | 11.6% | 10.3% | -0.7pp | 0.5pp |
| Net Margin | 1.8% | 2.0% | 1.6% | -0.2pp | 0.2pp |
| EPS (Diluted) | $0.85 | $0.97 | $0.75 | -12.4% | 13.3% |
| Free Cash Flow | $510M | -$222M | $51M | 330.1% | 905.4% |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $6.7B |
| GROSS PROFIT | $812M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $611M |
| Other Expenses | $0 |
| Operating Expenses | $611M |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $202M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $133M |
| D&A | $77M |
| EBIT | $205M |
| EBITDA | $282M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $7.5B |
| Cost of Revenue | $6.7B |
| GROSS PROFIT | $812M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $611M |
| Other Expenses | $0 |
| Operating Expenses | $611M |
| Cost & Expenses | $7.3B |
| OPERATING INCOME | $202M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $178M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $133M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $133M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $133M |
| D&A | $77M |
| EBIT | $205M |
| EBITDA | $282M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $133M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $136M |
| Change in Working Capital | $252M |
| OPERATING CASH FLOW | $619M |
| Capital Expenditure | -$109M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$998.0K |
| Sales/Maturities of Investments | $485.0K |
| Other Investing Activities | $129.0K |
| NET CASH FROM INVESTING | -$110M |
| Net Debt Issuance | -$79M |
| Common Stock Repurchased | -$106M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$171M |
| FREE CASH FLOW | $510M |
| Net Change in Cash | $339M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $525M |
| Short-Term Investments | $0 |
| Net Receivables | $228M |
| Inventory | $3.4B |
| Other Current Assets | $709M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $4.3B |
| Goodwill | $141M |
| Intangible Assets | $0 |
| Long-Term Investments | $17.6B |
| Tax Assets | $127M |
| Other Non-Current Assets | $340M |
| TOTAL NON-CURRENT ASSETS | $22.4B |
| TOTAL ASSETS | $27.3B |
| Account Payables | $1.0B |
| Short-Term Debt | $572M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $18.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $382M |
| TOTAL NON-CURRENT LIABILITIES | $19.0B |
| TOTAL LIABILITIES | $21.1B |
| Common Stock | $78M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.2B |
| TOTAL LIABILITIES & EQUITY | $27.3B |
| Total Debt | $19.2B |
| Net Debt | $18.7B |
