| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6.8B | $6.0B | $6.5B | 14.9% | 5.4% |
| Op. Income | $3.2B | $2.6B | $2.9B | 22.1% | 10.7% |
| Gross Margin | 57.9% | 56.0% | 57.3% | 1.9pp | 0.6pp |
| Net Margin | 32.9% | 31.4% | 31.2% | 1.6pp | 1.8pp |
| EPS (Diluted) | $3.14 | $2.60 | $2.80 | 20.8% | 12.1% |
| Free Cash Flow | $1.3B | $1.9B | $1.1B | -33.2% | 18.2% |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $595M |
| Other Expenses | $135M |
| Operating Expenses | $730M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $3.2B |
| Interest Income | $20M |
| Interest Expense | $390M |
| Other Income/Expenses | -$371M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $608M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $544M |
| EBIT | $3.3B |
| EBITDA | $3.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $6.8B |
| Cost of Revenue | $2.9B |
| GROSS PROFIT | $4.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $595M |
| Other Expenses | $135M |
| Operating Expenses | $730M |
| Cost & Expenses | $3.6B |
| OPERATING INCOME | $3.2B |
| Interest Income | $20M |
| Interest Expense | $390M |
| Other Income/Expenses | -$371M |
| INCOME BEFORE TAX | $2.9B |
| Income Tax Expense | $608M |
| Net Income from Continuing Ops | $2.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.3B |
| D&A | $544M |
| EBIT | $3.3B |
| EBITDA | $3.8B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $2.3B |
| Depreciation & Amortization | $544M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$41M |
| Other Non-Cash Items | -$71M |
| Change in Working Capital | -$731M |
| OPERATING CASH FLOW | $2.0B |
| Capital Expenditure | -$744M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$103M |
| NET CASH FROM INVESTING | -$869M |
| Net Debt Issuance | $1.3B |
| Common Stock Repurchased | -$505M |
| Common Dividends Paid | -$1.3B |
| Other Financing Activities | -$85M |
| NET CASH FROM FINANCING | -$555M |
| FREE CASH FLOW | $1.3B |
| Net Change in Cash | $638M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $2.5B |
| Inventory | $55M |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $5.6B |
| PP&E (Net) | $41.3B |
| Goodwill | $3.3B |
| Intangible Assets | $0 |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.5B |
| TOTAL NON-CURRENT ASSETS | $54.0B |
| TOTAL ASSETS | $59.6B |
| Account Payables | $838M |
| Short-Term Debt | $602M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $40.8B |
| Deferred Revenue NC | $933M |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $1.1B |
| TOTAL NON-CURRENT LIABILITIES | $58.0B |
| TOTAL LIABILITIES | $62.3B |
| Common Stock | $17M |
| Additional Paid-In Capital | $9.5B |
| Retained Earnings | $68.4B |
| Treasury Stock | -$78.3B |
| Accum. Other Comp. Income | -$2.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.8B |
| TOTAL LIABILITIES & EQUITY | $59.6B |
| Total Debt | $55.9B |
| Net Debt | $54.0B |
