| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | — | $1.3B | — | 3.8% |
| Op. Income | $308M | — | $314M | — | -2.0% |
| Gross Margin | 43.8% | — | 45.8% | — | -2.0pp |
| Net Margin | 14.2% | — | 15.6% | — | -1.4pp |
| EPS (Diluted) | $1.58 | — | $1.76 | — | -10.2% |
| Free Cash Flow | -$448M | — | -$344M | — | -30.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $764M |
| GROSS PROFIT | $595M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $288M |
| Operating Expenses | $288M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $308M |
| Interest Income | $4M |
| Interest Expense | $102M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $242M |
| EBIT | $334M |
| EBITDA | $575M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $764M |
| GROSS PROFIT | $595M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $288M |
| Operating Expenses | $288M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $308M |
| Interest Income | $4M |
| Interest Expense | $102M |
| Other Income/Expenses | -$76M |
| INCOME BEFORE TAX | $232M |
| Income Tax Expense | $35M |
| Net Income from Continuing Ops | $197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $193M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $193M |
| D&A | $242M |
| EBIT | $334M |
| EBITDA | $575M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $193M |
| Depreciation & Amortization | $242M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$210M |
| OPERATING CASH FLOW | $261M |
| Capital Expenditure | -$710M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$434M |
| Sales/Maturities of Investments | $434M |
| Other Investing Activities | $43M |
| NET CASH FROM INVESTING | -$667M |
| Net Debt Issuance | $530M |
| Common Stock Repurchased | $215.0K |
| Common Dividends Paid | -$105M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $415M |
| FREE CASH FLOW | -$448M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $825M |
| Inventory | $527M |
| Other Current Assets | $418M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $23.1B |
| Goodwill | $0 |
| Intangible Assets | $569M |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.0B |
| TOTAL NON-CURRENT ASSETS | $27.4B |
| TOTAL ASSETS | $29.2B |
| Account Payables | $669M |
| Short-Term Debt | $1.8B |
| Deferred Revenue | $53M |
| Other Current Liabilities | $362M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $8.5B |
| Deferred Revenue NC | $581M |
| Deferred Tax Liabilities | $2.7B |
| Other Non-Current Liabilities | $3.6B |
| TOTAL NON-CURRENT LIABILITIES | $19.0B |
| TOTAL LIABILITIES | $22.4B |
| Common Stock | $3.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.6B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.7B |
| Minority Interest | $101M |
| TOTAL EQUITY | $6.8B |
| TOTAL LIABILITIES & EQUITY | $29.2B |
| Total Debt | $14.0B |
| Net Debt | $14.0B |
