| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.6B | $3.5B | $4.7B | 2.5% | -23.4% |
| Op. Income | $565M | $521M | $1.2B | 8.3% | -51.9% |
| Gross Margin | 55.0% | 55.2% | 57.6% | -0.2pp | -2.6pp |
| Net Margin | 11.7% | 11.2% | 19.1% | 0.5pp | -7.4pp |
| EPS (Diluted) | $2.13 | $1.90 | $4.34 | 12.1% | -50.9% |
| Free Cash Flow | $1.7B | $2.6B | $2.8B | -35.6% | -41.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $749M |
| SG&A Expenses | $771M |
| Other Expenses | $645M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $565M |
| Interest Income | $2.2B |
| Interest Expense | $1.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $565M |
| Income Tax Expense | $144M |
| Net Income from Continuing Ops | $421M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $421M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $413M |
| D&A | $196M |
| EBIT | $565M |
| EBITDA | $761M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.6B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $2.0B |
| R&D Expenses | $0 |
| Selling & Marketing | $22M |
| General & Administrative | $749M |
| SG&A Expenses | $771M |
| Other Expenses | $645M |
| Operating Expenses | $1.4B |
| Cost & Expenses | $3.0B |
| OPERATING INCOME | $565M |
| Interest Income | $2.2B |
| Interest Expense | $1.6B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $565M |
| Income Tax Expense | $144M |
| Net Income from Continuing Ops | $421M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $421M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $413M |
| D&A | $196M |
| EBIT | $565M |
| EBITDA | $761M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $421M |
| Depreciation & Amortization | $196M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $328M |
| Change in Working Capital | $925M |
| OPERATING CASH FLOW | $1.9B |
| Capital Expenditure | -$218M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$11.1B |
| Sales/Maturities of Investments | $9.5B |
| Other Investing Activities | -$2.0B |
| NET CASH FROM INVESTING | -$3.6B |
| Net Debt Issuance | -$65M |
| Common Stock Repurchased | -$339M |
| Common Dividends Paid | -$144M |
| Other Financing Activities | $4.1B |
| NET CASH FROM FINANCING | $3.5B |
| FREE CASH FLOW | $1.7B |
| Net Change in Cash | $2.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61.1B |
| Short-Term Investments | $12.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $73.4B |
| PP&E (Net) | $468M |
| Goodwill | $715M |
| Intangible Assets | $0 |
| Long-Term Investments | $84.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.8B |
| TOTAL NON-CURRENT ASSETS | $98.5B |
| TOTAL ASSETS | $171.9B |
| Account Payables | $0 |
| Short-Term Debt | $3.2B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $137.1B |
| TOTAL CURRENT LIABILITIES | $140.3B |
| Long-Term Debt | $13.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.3B |
| TOTAL NON-CURRENT LIABILITIES | $18.7B |
| TOTAL LIABILITIES | $159.0B |
| Common Stock | $409M |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $16.1B |
| Treasury Stock | -$4.9B |
| Accum. Other Comp. Income | -$699M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $12.9B |
| TOTAL LIABILITIES & EQUITY | $171.9B |
| Total Debt | $16.7B |
| Net Debt | -$44.4B |
