| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.8B | $3.2B | $2.4B | -12.9% | 15.8% |
| Op. Income | $817M | $797M | $582M | 2.5% | 40.4% |
| Gross Margin | 40.1% | 34.7% | 35.8% | 5.4pp | 4.3pp |
| Net Margin | 20.9% | 18.3% | 17.9% | 2.6pp | 2.9pp |
| EPS (Diluted) | $1.17 | $1.18 | $0.87 | -0.8% | 34.5% |
| Free Cash Flow | -$309M | $421M | -$355M | -173.4% | 13.0% |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $308M |
| Operating Expenses | $308M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $817M |
| Interest Income | $38M |
| Interest Expense | $248M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $726M |
| Income Tax Expense | $141M |
| Net Income from Continuing Ops | $585M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $585M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $585M |
| D&A | $356M |
| EBIT | $974M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.8B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $1.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $308M |
| Operating Expenses | $308M |
| Cost & Expenses | $2.0B |
| OPERATING INCOME | $817M |
| Interest Income | $38M |
| Interest Expense | $248M |
| Other Income/Expenses | -$91M |
| INCOME BEFORE TAX | $726M |
| Income Tax Expense | $141M |
| Net Income from Continuing Ops | $585M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $585M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $585M |
| D&A | $356M |
| EBIT | $974M |
| EBITDA | $1.3B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $585M |
| Depreciation & Amortization | $356M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $114M |
| Other Non-Cash Items | -$359M |
| Change in Working Capital | -$218M |
| OPERATING CASH FLOW | $478M |
| Capital Expenditure | -$787M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $17M |
| NET CASH FROM INVESTING | -$770M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$315M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$423M |
| FREE CASH FLOW | -$309M |
| Net Change in Cash | -$715M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $0 |
| Net Receivables | $2.4B |
| Inventory | $1.1B |
| Other Current Assets | $575M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $40.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.3B |
| TOTAL NON-CURRENT ASSETS | $51.4B |
| TOTAL ASSETS | $56.0B |
| Account Payables | $1.2B |
| Short-Term Debt | $1.6B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $21.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7.6B |
| Other Non-Current Liabilities | $5.4B |
| TOTAL NON-CURRENT LIABILITIES | $34.8B |
| TOTAL LIABILITIES | $39.4B |
| Common Stock | $5.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $13.1B |
| Treasury Stock | -$1.4B |
| Accum. Other Comp. Income | -$123M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $16.7B |
| TOTAL LIABILITIES & EQUITY | $56.0B |
| Total Debt | $23.4B |
| Net Debt | $23.2B |
