| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $807M | $928M | $758M | -13.0% | 6.5% |
| Op. Income | $118M | $168M | $116M | -29.8% | 1.7% |
| Gross Margin | 49.4% | 48.5% | 49.6% | 1.0pp | -0.2pp |
| Net Margin | 7.7% | 10.8% | 9.5% | -3.1pp | -1.8pp |
| EPS (Diluted) | $0.56 | $0.91 | $0.70 | -38.5% | -20.0% |
| Free Cash Flow | $99M | -$128M | -$109M | 177.3% | 190.8% |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $408M |
| GROSS PROFIT | $399M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $186M |
| Operating Expenses | $281M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $118M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $139M |
| EBIT | $119M |
| EBITDA | $258M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $408M |
| GROSS PROFIT | $399M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $186M |
| Operating Expenses | $281M |
| Cost & Expenses | $689M |
| OPERATING INCOME | $118M |
| Interest Income | $0 |
| Interest Expense | $57M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | $74M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $139M |
| EBIT | $119M |
| EBITDA | $258M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $139M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $124M |
| OPERATING CASH FLOW | $336M |
| Capital Expenditure | -$237M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$233M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$54M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $397M |
| Inventory | $123M |
| Other Current Assets | $240M |
| TOTAL CURRENT ASSETS | $890M |
| PP&E (Net) | $10.6B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $11.8B |
| TOTAL ASSETS | $12.7B |
| Account Payables | $267M |
| Short-Term Debt | $68M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $433M |
| TOTAL CURRENT LIABILITIES | $913M |
| Long-Term Debt | $4.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $671M |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $7.9B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $12.7B |
| Total Debt | $5.0B |
| Net Debt | $5.0B |
