| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $2.1B | 6.4% | 0.0% |
| Op. Income | $198M | $151M | $197M | 31.1% | 0.5% |
| Gross Margin | 12.9% | 10.6% | 12.7% | 2.3pp | 0.1pp |
| Net Margin | 5.1% | 3.5% | 7.2% | 1.6pp | -2.1pp |
| EPS (Diluted) | $0.89 | $0.57 | $1.25 | 56.1% | -28.8% |
| Free Cash Flow | $51M | -$60M | $16M | 185.0% | 218.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $268M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $30M |
| Operating Expenses | $70M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $131M |
| EBIT | $199M |
| EBITDA | $330M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.1B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $268M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $30M |
| Operating Expenses | $70M |
| Cost & Expenses | $1.9B |
| OPERATING INCOME | $198M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $143M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $106M |
| D&A | $131M |
| EBIT | $199M |
| EBITDA | $330M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $106M |
| Depreciation & Amortization | $131M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $247M |
| Capital Expenditure | -$196M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$191M |
| Net Debt Issuance | -$34M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$44M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $225M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $266M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $4.4B |
| Goodwill | $1.6B |
| Intangible Assets | $340M |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $207M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $498M |
| Short-Term Debt | $63M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $3.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $383M |
| Other Non-Current Liabilities | $414M |
| TOTAL NON-CURRENT LIABILITIES | $4.8B |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $747M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$199M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $4.2B |
| Net Debt | $3.9B |
