| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15.6B | $15.4B | $14.3B | 1.4% | 9.4% |
| Op. Income | $159M | $215M | $174M | -26.2% | -8.7% |
| Gross Margin | 11.7% | 11.4% | 11.2% | 0.2pp | 0.5pp |
| Net Margin | 0.3% | 0.7% | 0.5% | -0.4pp | -0.3pp |
| EPS (Diluted) | $0.27 | $0.69 | $0.50 | -60.9% | -46.0% |
| Free Cash Flow | $218M | -$43M | $373M | 607.2% | -41.5% |
| Item | Amount |
|---|---|
| REVENUE | $15.6B |
| Cost of Revenue | $13.8B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.7B |
| Operating Expenses | $1.7B |
| Cost & Expenses | $15.5B |
| OPERATING INCOME | $159M |
| Interest Income | $0 |
| Interest Expense | $100M |
| Other Income/Expenses | -$102M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $183M |
| EBIT | $157M |
| EBITDA | $339M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $15.6B |
| Cost of Revenue | $13.8B |
| GROSS PROFIT | $1.8B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1.7B |
| Operating Expenses | $1.7B |
| Cost & Expenses | $15.5B |
| OPERATING INCOME | $159M |
| Interest Income | $0 |
| Interest Expense | $100M |
| Other Income/Expenses | -$102M |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $183M |
| EBIT | $157M |
| EBITDA | $339M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $183M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $326M |
| Capital Expenditure | -$107M |
| Acquisitions (Net) | -$2.0B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$2.1B |
| Net Debt Issuance | $1.7B |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $1.7B |
| FREE CASH FLOW | $218M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $2.7B |
| Inventory | $3.9B |
| Other Current Assets | $255M |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $4.8B |
| Goodwill | $3.4B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $175M |
| TOTAL NON-CURRENT ASSETS | $10.2B |
| TOTAL ASSETS | $17.1B |
| Account Payables | $2.9B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $5.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $842M |
| Other Non-Current Liabilities | $310M |
| TOTAL NON-CURRENT LIABILITIES | $8.7B |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.3B |
| TOTAL LIABILITIES & EQUITY | $17.1B |
| Total Debt | $7.9B |
| Net Debt | $7.9B |
