| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | — | 2.3% | — |
| Op. Income | $214M | $275M | — | -22.2% | — |
| Gross Margin | 46.1% | 48.8% | — | -2.7pp | — |
| Net Margin | 10.9% | 14.2% | — | -3.3pp | — |
| EPS (Diluted) | $1.40 | $1.78 | — | -21.3% | — |
| Free Cash Flow | $774M | $665M | — | 16.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $828M |
| GROSS PROFIT | $708M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $284M |
| SG&A Expenses | $284M |
| Other Expenses | $210M |
| Operating Expenses | $494M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $214M |
| Interest Income | $1.3B |
| Interest Expense | $317M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $72M |
| EBIT | $214M |
| EBITDA | $286M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $828M |
| GROSS PROFIT | $708M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $284M |
| SG&A Expenses | $284M |
| Other Expenses | $210M |
| Operating Expenses | $494M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $214M |
| Interest Income | $1.3B |
| Interest Expense | $317M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $214M |
| Income Tax Expense | $47M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $72M |
| EBIT | $214M |
| EBITDA | $286M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $167M |
| Depreciation & Amortization | $72M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$20M |
| Other Non-Cash Items | $515M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $774M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.0B |
| NET CASH FROM INVESTING | -$1.0B |
| Net Debt Issuance | $532M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$125M |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $387M |
| FREE CASH FLOW | $774M |
| Net Change in Cash | $148M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $584M |
| Short-Term Investments | $475M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $927M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $0 |
| Goodwill | $1.5B |
| Intangible Assets | $285M |
| Long-Term Investments | $22.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $559M |
| TOTAL NON-CURRENT ASSETS | $24.6B |
| TOTAL ASSETS | $26.6B |
| Account Payables | $0 |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $22.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $23.3B |
| TOTAL LIABILITIES | $23.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $2.4B |
| Treasury Stock | -$794M |
| Accum. Other Comp. Income | -$51M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $26.6B |
| Total Debt | $22.1B |
| Net Debt | $21.5B |
