| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.2B | 4.6% | 18.3% |
| Op. Income | $203M | $198M | $142M | 2.9% | 43.6% |
| Gross Margin | 41.8% | 42.1% | 43.2% | -0.3pp | -1.4pp |
| Net Margin | 4.8% | 3.5% | 1.6% | 1.4pp | 3.2pp |
| EPS (Diluted) | $0.15 | $0.11 | $0.05 | 36.4% | 218.5% |
| Free Cash Flow | $400M | $262M | $263M | 52.6% | 52.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $827M |
| GROSS PROFIT | $594M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $348M |
| Operating Expenses | $391M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $203M |
| Interest Income | $0 |
| Interest Expense | $150M |
| Other Income/Expenses | -$128M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $354M |
| EBIT | $226M |
| EBITDA | $580M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $827M |
| GROSS PROFIT | $594M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $348M |
| Operating Expenses | $391M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $203M |
| Interest Income | $0 |
| Interest Expense | $150M |
| Other Income/Expenses | -$128M |
| INCOME BEFORE TAX | $75M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $354M |
| EBIT | $226M |
| EBITDA | $580M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $68M |
| Depreciation & Amortization | $313M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $80M |
| OPERATING CASH FLOW | $475M |
| Capital Expenditure | -$75M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$271M |
| Sales/Maturities of Investments | $141M |
| Other Investing Activities | $583.0K |
| NET CASH FROM INVESTING | -$204M |
| Net Debt Issuance | $188M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$217M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $157M |
| FREE CASH FLOW | $400M |
| Net Change in Cash | $431M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $614M |
| Short-Term Investments | $0 |
| Net Receivables | $424M |
| Inventory | $0 |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $0 |
| Goodwill | $1.0B |
| Intangible Assets | $11M |
| Long-Term Investments | $726M |
| Tax Assets | $2M |
| Other Non-Current Assets | $23.5B |
| TOTAL NON-CURRENT ASSETS | $25.3B |
| TOTAL ASSETS | $26.5B |
| Account Payables | $1.1B |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $13.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $13.3B |
| TOTAL LIABILITIES | $14.6B |
| Common Stock | $113M |
| Additional Paid-In Capital | $18.7B |
| Retained Earnings | $0 |
| Treasury Stock | -$43M |
| Accum. Other Comp. Income | -$7.2B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.5B |
| Minority Interest | $392M |
| TOTAL EQUITY | $11.9B |
| TOTAL LIABILITIES & EQUITY | $26.5B |
| Total Debt | $13.3B |
| Net Debt | $12.7B |
