| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7.4B | — | $8.2B | — | -10.4% |
| Op. Income | $950M | — | $1.2B | — | -19.1% |
| Gross Margin | 41.4% | — | 41.9% | — | -0.5pp |
| Net Margin | 3.8% | — | 7.0% | — | -3.3pp |
| EPS (Diluted) | $0.43 | — | $0.82 | — | -47.1% |
| Free Cash Flow | -$68M | — | -$418M | — | 83.7% |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $284M |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.4B |
| Other Expenses | $737M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $950M |
| Interest Income | $0 |
| Interest Expense | $185M |
| Other Income/Expenses | -$566M |
| INCOME BEFORE TAX | $384M |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $278M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $278M |
| D&A | $445M |
| EBIT | $870M |
| EBITDA | $1.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7.4B |
| Cost of Revenue | $4.3B |
| GROSS PROFIT | $3.1B |
| R&D Expenses | $0 |
| Selling & Marketing | $284M |
| General & Administrative | $1.1B |
| SG&A Expenses | $1.4B |
| Other Expenses | $737M |
| Operating Expenses | $2.1B |
| Cost & Expenses | $6.4B |
| OPERATING INCOME | $950M |
| Interest Income | $0 |
| Interest Expense | $185M |
| Other Income/Expenses | -$566M |
| INCOME BEFORE TAX | $384M |
| Income Tax Expense | $97M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $278M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $278M |
| D&A | $445M |
| EBIT | $870M |
| EBITDA | $1.3B |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $278M |
| Depreciation & Amortization | $445M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $148M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $837M |
| Capital Expenditure | -$905M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$931M |
| Net Debt Issuance | -$478M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$470M |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | $2.2B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $0 |
| Net Receivables | $2.1B |
| Inventory | $2.7B |
| Other Current Assets | $269M |
| TOTAL CURRENT ASSETS | $7.2B |
| PP&E (Net) | $11.0B |
| Goodwill | $0 |
| Intangible Assets | $142M |
| Long-Term Investments | $880M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.9B |
| TOTAL NON-CURRENT ASSETS | $14.9B |
| TOTAL ASSETS | $22.2B |
| Account Payables | $2.4B |
| Short-Term Debt | $943M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $456M |
| TOTAL CURRENT LIABILITIES | $3.9B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.0B |
| TOTAL NON-CURRENT LIABILITIES | $9.0B |
| TOTAL LIABILITIES | $13.0B |
| Common Stock | $597M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $5.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2.9B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $264M |
| TOTAL EQUITY | $9.2B |
| TOTAL LIABILITIES & EQUITY | $22.2B |
| Total Debt | $8.1B |
| Net Debt | $5.9B |
