| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $742M | $748M | $663M | -0.8% | 11.9% |
| Op. Income | $187M | $133M | $176M | 40.0% | 6.1% |
| Gross Margin | 47.7% | 40.4% | 51.1% | 7.3pp | -3.4pp |
| Net Margin | 14.5% | 8.4% | 15.4% | 6.1pp | -0.9pp |
| EPS (Diluted) | $0.53 | $0.31 | $0.51 | 71.0% | 3.9% |
| Free Cash Flow | $65M | -$234M | -$70M | 127.8% | 192.5% |
| Item | Amount |
|---|---|
| REVENUE | $742M |
| Cost of Revenue | $388M |
| GROSS PROFIT | $353M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $167M |
| Operating Expenses | $167M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $187M |
| Interest Income | $0 |
| Interest Expense | $72M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $141M |
| EBIT | $202M |
| EBITDA | $342M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $742M |
| Cost of Revenue | $388M |
| GROSS PROFIT | $353M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $167M |
| Operating Expenses | $167M |
| Cost & Expenses | $555M |
| OPERATING INCOME | $187M |
| Interest Income | $0 |
| Interest Expense | $72M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | $130M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $141M |
| EBIT | $202M |
| EBITDA | $342M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $108M |
| Depreciation & Amortization | $141M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $500.0K |
| Other Non-Cash Items | -$37M |
| Change in Working Capital | $124M |
| OPERATING CASH FLOW | $339M |
| Capital Expenditure | -$274M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$22M |
| NET CASH FROM INVESTING | -$295M |
| Net Debt Issuance | $12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$85M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $500.0K |
| Short-Term Investments | $0 |
| Net Receivables | $530M |
| Inventory | $374M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $969M |
| PP&E (Net) | $12.5B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $134M |
| Tax Assets | $0 |
| Other Non-Current Assets | $476M |
| TOTAL NON-CURRENT ASSETS | $13.1B |
| TOTAL ASSETS | $14.1B |
| Account Payables | $288M |
| Short-Term Debt | $535M |
| Deferred Revenue | $120M |
| Other Current Liabilities | $85M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.4B |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $9.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $5.9B |
| Net Debt | $5.9B |
