| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.0B | $3.0B | 3.9% | 2.2% |
| Op. Income | $1.1B | $938M | $1.1B | 17.7% | 0.1% |
| Gross Margin | 35.5% | 31.3% | 36.2% | 4.2pp | -0.7pp |
| Net Margin | 24.7% | 25.1% | 24.2% | -0.4pp | 0.5pp |
| EPS (Diluted) | $3.41 | $3.31 | $3.25 | 3.0% | 4.9% |
| Free Cash Flow | $602M | $501M | $467M | 20.2% | 28.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $201M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $998M |
| Income Tax Expense | $230M |
| Net Income from Continuing Ops | $768M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $768M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $767M |
| D&A | $346M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $1.1B |
| Interest Income | $0 |
| Interest Expense | $201M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | $998M |
| Income Tax Expense | $230M |
| Net Income from Continuing Ops | $768M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $768M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $767M |
| D&A | $346M |
| EBIT | $1.2B |
| EBITDA | $1.5B |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $768M |
| Depreciation & Amortization | $346M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $52M |
| Other Non-Cash Items | -$52M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $1.1B |
| Capital Expenditure | -$475M |
| Acquisitions (Net) | $48M |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$414M |
| Net Debt Issuance | $144M |
| Common Stock Repurchased | -$207M |
| Common Dividends Paid | -$303M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$366M |
| FREE CASH FLOW | $602M |
| Net Change in Cash | $297M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $313M |
| Other Current Assets | $168M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $35.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $41.2B |
| TOTAL ASSETS | $44.2B |
| Account Payables | $1.5B |
| Short-Term Debt | $903M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.0B |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $16.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.5B |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $25.7B |
| TOTAL LIABILITIES | $29.4B |
| Common Stock | $226M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $12.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$261M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $14.8B |
| TOTAL LIABILITIES & EQUITY | $44.2B |
| Total Debt | $17.4B |
| Net Debt | $16.1B |
