| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35.2B | — | $36.4B | — | -3.2% |
| Op. Income | $6.2B | — | $7.0B | — | -10.6% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | 11.7% | — | 11.9% | — | -0.2pp |
| EPS (Diluted) | $1.66 | — | $1.72 | — | -3.4% |
| Free Cash Flow | $1.9B | — | $3.2B | — | -42.3% |
| Item | Amount |
|---|---|
| REVENUE | $35.2B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $35.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $28.9B |
| Operating Expenses | $29.0B |
| Cost & Expenses | $29.0B |
| OPERATING INCOME | $6.2B |
| Interest Income | $0 |
| Interest Expense | $441M |
| Other Income/Expenses | -$260M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $4.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $929M |
| EBIT | $6.6B |
| EBITDA | $7.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $35.2B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $35.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $28.9B |
| Operating Expenses | $29.0B |
| Cost & Expenses | $29.0B |
| OPERATING INCOME | $6.2B |
| Interest Income | $0 |
| Interest Expense | $441M |
| Other Income/Expenses | -$260M |
| INCOME BEFORE TAX | $6.0B |
| Income Tax Expense | $1.5B |
| Net Income from Continuing Ops | $4.5B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.1B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.1B |
| D&A | $929M |
| EBIT | $6.6B |
| EBITDA | $7.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.1B |
| Depreciation & Amortization | $929M |
| Stock-Based Compensation | $189M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1.1B |
| Change in Working Capital | -$3.7B |
| OPERATING CASH FLOW | $2.7B |
| Capital Expenditure | -$820M |
| Acquisitions (Net) | -$535M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $597M |
| NET CASH FROM INVESTING | -$758M |
| Net Debt Issuance | -$643M |
| Common Stock Repurchased | -$1.8B |
| Common Dividends Paid | -$2.6B |
| Other Financing Activities | $1.6B |
| NET CASH FROM FINANCING | -$3.4B |
| FREE CASH FLOW | $1.9B |
| Net Change in Cash | $5.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5.1B |
| Short-Term Investments | $1.1B |
| Net Receivables | $9.0B |
| Inventory | $6.4B |
| Other Current Assets | $803M |
| TOTAL CURRENT ASSETS | $22.4B |
| PP&E (Net) | $12.8B |
| Goodwill | $24.1B |
| Intangible Assets | $20.4B |
| Long-Term Investments | $1.6B |
| Tax Assets | $1.3B |
| Other Non-Current Assets | $6.2B |
| TOTAL NON-CURRENT ASSETS | $66.4B |
| TOTAL ASSETS | $88.9B |
| Account Payables | $19.1B |
| Short-Term Debt | $8.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $870M |
| TOTAL CURRENT LIABILITIES | $29.3B |
| Long-Term Debt | $27.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.1B |
| TOTAL NON-CURRENT LIABILITIES | $36.2B |
| TOTAL LIABILITIES | $65.6B |
| Common Stock | $103M |
| Additional Paid-In Capital | $61.8B |
| Retained Earnings | $59.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$100.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20.8B |
| Minority Interest | $2.5B |
| TOTAL EQUITY | $23.3B |
| TOTAL LIABILITIES & EQUITY | $88.9B |
| Total Debt | $37.4B |
| Net Debt | $32.4B |
