| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.7B | $4.3B | -0.7% | -14.8% |
| Op. Income | $503M | $29M | $444M | 1640.8% | 13.3% |
| Gross Margin | 49.6% | 38.9% | 41.5% | 10.7pp | 8.1pp |
| Net Margin | 11.1% | 1.3% | 8.2% | 9.8pp | 2.9pp |
| EPS (Diluted) | $1.79 | $0.21 | $1.49 | 752.4% | 20.1% |
| Free Cash Flow | $789M | $961M | $1.4B | -17.9% | -44.2% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $503M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $503M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $434M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $406M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $406M |
| D&A | $0 |
| EBIT | $503M |
| EBITDA | $503M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.3B |
| Operating Expenses | $1.3B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $503M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $503M |
| Income Tax Expense | $70M |
| Net Income from Continuing Ops | $434M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $406M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $406M |
| D&A | $0 |
| EBIT | $503M |
| EBITDA | $503M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $0 |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $812M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $812M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3.4B |
| Sales/Maturities of Investments | $3.6B |
| Other Investing Activities | -$413M |
| NET CASH FROM INVESTING | -$250M |
| Net Debt Issuance | -$405M |
| Common Stock Repurchased | -$159M |
| Common Dividends Paid | -$170M |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | -$779M |
| FREE CASH FLOW | $789M |
| Net Change in Cash | -$217M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.7B |
| Short-Term Investments | $27.3B |
| Net Receivables | $3.8B |
| Inventory | $0 |
| Other Current Assets | -$27.3B |
| TOTAL CURRENT ASSETS | $7.4B |
| PP&E (Net) | $725M |
| Goodwill | $1.6B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $73.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $238.7B |
| TOTAL NON-CURRENT ASSETS | $315.7B |
| TOTAL ASSETS | $323.1B |
| Account Payables | $0 |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$18.0B |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $3.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.8B |
| Other Non-Current Liabilities | $304.7B |
| TOTAL NON-CURRENT LIABILITIES | $310.3B |
| TOTAL LIABILITIES | $311.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $11.2B |
| Retained Earnings | $17.7B |
| Treasury Stock | -$12.8B |
| Accum. Other Comp. Income | -$6.7B |
| Other Equity | $2.0B |
| TOTAL STOCKHOLDERS' EQUITY | $11.4B |
| Minority Interest | $443M |
| TOTAL EQUITY | $11.9B |
| TOTAL LIABILITIES & EQUITY | $323.1B |
| Total Debt | $3.9B |
| Net Debt | $288M |
