| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16.8B | $36.9B | $18.1B | -54.6% | -7.5% |
| Op. Income | $5.2B | $6.1B | $5.8B | -14.9% | -10.4% |
| Gross Margin | 75.9% | 40.9% | 77.8% | 35.0pp | -1.8pp |
| Net Margin | 23.9% | 10.8% | 20.7% | 13.2pp | 3.2pp |
| EPS (Diluted) | $0.26 | $0.25 | $0.23 | 4.8% | 10.0% |
| Free Cash Flow | $22.8B | -$23.5B | -$18.0B | 197.0% | 226.5% |
| Item | Amount |
|---|---|
| REVENUE | $16.8B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $12.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6.2B |
| SG&A Expenses | $6.2B |
| Other Expenses | $1.4B |
| Operating Expenses | $7.6B |
| Cost & Expenses | $11.6B |
| OPERATING INCOME | $5.2B |
| Interest Income | $12.4B |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.2B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.9B |
| Net Income from Discontinued Ops | $409M |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $940M |
| EBIT | $5.2B |
| EBITDA | $6.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $16.8B |
| Cost of Revenue | $4.0B |
| GROSS PROFIT | $12.7B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6.2B |
| SG&A Expenses | $6.2B |
| Other Expenses | $1.4B |
| Operating Expenses | $7.6B |
| Cost & Expenses | $11.6B |
| OPERATING INCOME | $5.2B |
| Interest Income | $12.4B |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $5.2B |
| Income Tax Expense | $1.2B |
| Net Income from Continuing Ops | $3.9B |
| Net Income from Discontinued Ops | $409M |
| Other Adjustments | $0 |
| NET INCOME | $4.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.0B |
| D&A | $940M |
| EBIT | $5.2B |
| EBITDA | $6.1B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4.0B |
| Depreciation & Amortization | $903M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25.2B |
| Change in Working Capital | -$5.9B |
| OPERATING CASH FLOW | $24.2B |
| Capital Expenditure | -$1.4B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.4B |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$768M |
| Common Stock Repurchased | -$1.4B |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.7B |
| NET CASH FROM FINANCING | -$4.8B |
| FREE CASH FLOW | $22.8B |
| Net Change in Cash | -$195.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $337.2B |
| Short-Term Investments | $73.9B |
| Net Receivables | $11.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $422.2B |
| PP&E (Net) | $32.9B |
| Goodwill | $14.0B |
| Intangible Assets | $6.2B |
| Long-Term Investments | $1.5T |
| Tax Assets | $21.6B |
| Other Non-Current Assets | $88.3B |
| TOTAL NON-CURRENT ASSETS | $1.7T |
| TOTAL ASSETS | $2.1T |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.3T |
| TOTAL CURRENT LIABILITIES | $1.3T |
| Long-Term Debt | $364.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.8B |
| Other Non-Current Liabilities | $353.2B |
| TOTAL NON-CURRENT LIABILITIES | $724.8B |
| TOTAL LIABILITIES | $2.0T |
| Common Stock | $8.7B |
| Additional Paid-In Capital | $45.0B |
| Retained Earnings | $115.5B |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$52.0B |
| Other Equity | $317M |
| TOTAL STOCKHOLDERS' EQUITY | $117.5B |
| Minority Interest | $9.9B |
| TOTAL EQUITY | $127.4B |
| TOTAL LIABILITIES & EQUITY | $2.1T |
| Total Debt | $364.7B |
| Net Debt | $27.6B |
