| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $2.4B | 6.5% | 6.5% |
| Op. Income | $524M | $439M | $540M | 19.4% | -3.0% |
| Gross Margin | 58.5% | 58.3% | 59.6% | 0.2pp | -1.1pp |
| Net Margin | 14.7% | 13.3% | 16.6% | 1.4pp | -1.9pp |
| EPS (Diluted) | $3.10 | $2.60 | $3.15 | 19.2% | -1.6% |
| Free Cash Flow | $151M | -$271M | $298M | 155.6% | -49.4% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $952M |
| Other Expenses | $2M |
| Operating Expenses | $953M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $524M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $534M |
| Income Tax Expense | $163M |
| Net Income from Continuing Ops | $371M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $371M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $371M |
| D&A | $120M |
| EBIT | $524M |
| EBITDA | $644M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $1.5B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $952M |
| Other Expenses | $2M |
| Operating Expenses | $953M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $524M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $534M |
| Income Tax Expense | $163M |
| Net Income from Continuing Ops | $371M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $371M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $371M |
| D&A | $120M |
| EBIT | $524M |
| EBITDA | $644M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $371M |
| Depreciation & Amortization | $120M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$196M |
| OPERATING CASH FLOW | $329M |
| Capital Expenditure | -$178M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$213M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$281M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$277M |
| FREE CASH FLOW | $151M |
| Net Change in Cash | -$169M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $139M |
| Inventory | $1.7B |
| Other Current Assets | $348M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $3.5B |
| Goodwill | $173M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $21M |
| Other Non-Current Assets | $269M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $373M |
| Short-Term Debt | $298M |
| Deferred Revenue | $252M |
| Other Current Liabilities | $458M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $570.0K |
| Additional Paid-In Capital | $632M |
| Retained Earnings | $4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$331M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $1.8B |
| Net Debt | $607M |
