| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.1B | $3.1B | $3.1B | -2.3% | -2.2% |
| Op. Income | $1.6B | $1.5B | $1.6B | 3.3% | -1.3% |
| Gross Margin | 53.1% | 50.2% | 52.6% | 2.9pp | 0.4pp |
| Net Margin | 31.9% | 30.3% | 30.5% | 1.6pp | 1.4pp |
| EPS (Diluted) | $1.19 | $1.19 | $1.21 | 0.0% | -1.7% |
| Free Cash Flow | $741M | $404M | $630M | 83.6% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $1.6B |
| Interest Income | $53M |
| Interest Expense | $94M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $576M |
| Net Income from Continuing Ops | $977M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $974M |
| Net Income Deductions | $100.0K |
| BOTTOM LINE NET INCOME | $973M |
| D&A | $206M |
| EBIT | $1.6B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $3.1B |
| Cost of Revenue | $1.4B |
| GROSS PROFIT | $1.6B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $1.6B |
| Interest Income | $53M |
| Interest Expense | $94M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | $1.6B |
| Income Tax Expense | $576M |
| Net Income from Continuing Ops | $977M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $974M |
| Net Income Deductions | $100.0K |
| BOTTOM LINE NET INCOME | $973M |
| D&A | $206M |
| EBIT | $1.6B |
| EBITDA | $1.8B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $977M |
| Depreciation & Amortization | $206M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $25M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$238M |
| OPERATING CASH FLOW | $977M |
| Capital Expenditure | -$236M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$457M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $100.0K |
| NET CASH FROM INVESTING | -$693M |
| Net Debt Issuance | -$500M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$557M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$1.1B |
| FREE CASH FLOW | $741M |
| Net Change in Cash | -$781M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3.3B |
| Short-Term Investments | $675M |
| Net Receivables | $1.6B |
| Inventory | $1.0B |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $7.0B |
| PP&E (Net) | $10.6B |
| Goodwill | $0 |
| Intangible Assets | $122M |
| Long-Term Investments | $121M |
| Tax Assets | $260M |
| Other Non-Current Assets | $1.4B |
| TOTAL NON-CURRENT ASSETS | $12.6B |
| TOTAL ASSETS | $19.6B |
| Account Payables | $647M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $6.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $136M |
| Other Non-Current Liabilities | $671M |
| TOTAL NON-CURRENT LIABILITIES | $8.2B |
| TOTAL LIABILITIES | $9.5B |
| Common Stock | $9M |
| Additional Paid-In Capital | $5.9B |
| Retained Earnings | $6.5B |
| Treasury Stock | -$2.4B |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $69M |
| TOTAL EQUITY | $10.1B |
| TOTAL LIABILITIES & EQUITY | $19.6B |
| Total Debt | $7.4B |
| Net Debt | $4.1B |
