| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4.5B | — | $4.1B | — | 10.4% |
| Op. Income | $1.3B | — | $1.1B | — | 20.9% |
| Gross Margin | 49.7% | — | 47.6% | — | 2.1pp |
| Net Margin | 26.7% | — | 20.8% | — | 5.9pp |
| EPS (Diluted) | $4.41 | — | $3.11 | — | 41.8% |
| Free Cash Flow | $910M | — | -$567M | — | 260.5% |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $508M |
| Other Expenses | $418M |
| Operating Expenses | $926M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.3B |
| Interest Income | $12M |
| Interest Expense | $228M |
| Other Income/Expenses | -$114M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $417M |
| EBIT | $1.4B |
| EBITDA | $1.9B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $4.5B |
| Cost of Revenue | $2.3B |
| GROSS PROFIT | $2.3B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $508M |
| Other Expenses | $418M |
| Operating Expenses | $926M |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | $1.3B |
| Interest Income | $12M |
| Interest Expense | $228M |
| Other Income/Expenses | -$114M |
| INCOME BEFORE TAX | $1.2B |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $1.2B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.2B |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $1.2B |
| D&A | $417M |
| EBIT | $1.4B |
| EBITDA | $1.9B |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.2B |
| Depreciation & Amortization | $417M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$110M |
| Change in Working Capital | $181M |
| OPERATING CASH FLOW | $1.7B |
| Capital Expenditure | -$836M |
| Acquisitions (Net) | -$36M |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $175M |
| NET CASH FROM INVESTING | -$706M |
| Net Debt Issuance | -$474M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$200M |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$696M |
| FREE CASH FLOW | $910M |
| Net Change in Cash | $349M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $735M |
| Short-Term Investments | $0 |
| Net Receivables | $431M |
| Inventory | $247M |
| Other Current Assets | $1.0B |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $33.0B |
| Goodwill | $808M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.3B |
| TOTAL NON-CURRENT ASSETS | $36.1B |
| TOTAL ASSETS | $38.5B |
| Account Payables | $959M |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $6.4B |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $10.6B |
| Long-Term Debt | $17.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $358M |
| TOTAL NON-CURRENT LIABILITIES | $18.6B |
| TOTAL LIABILITIES | $29.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $7.9B |
| Retained Earnings | $4.1B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | -$519M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.2B |
| Minority Interest | $191M |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $38.5B |
| Total Debt | $19.7B |
| Net Debt | $19.0B |
