| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.8B | 8.1% | 9.6% |
| Op. Income | $622M | $548M | $607M | 13.5% | 2.5% |
| Gross Margin | 46.8% | 46.8% | 49.3% | 0.0pp | -2.4pp |
| Net Margin | 19.4% | 14.2% | 20.8% | 5.2pp | -1.5pp |
| EPS (Diluted) | $1.33 | $0.90 | $1.28 | 47.8% | 3.9% |
| Free Cash Flow | $377M | $333M | $292M | 13.2% | 29.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $905M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $302M |
| SG&A Expenses | $302M |
| Other Expenses | -$19M |
| Operating Expenses | $283M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $622M |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$123M |
| INCOME BEFORE TAX | $499M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $374M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $374M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $374M |
| D&A | $44M |
| EBIT | $622M |
| EBITDA | $666M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.0B |
| GROSS PROFIT | $905M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $302M |
| SG&A Expenses | $302M |
| Other Expenses | -$19M |
| Operating Expenses | $283M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $622M |
| Interest Income | $0 |
| Interest Expense | $123M |
| Other Income/Expenses | -$123M |
| INCOME BEFORE TAX | $499M |
| Income Tax Expense | $125M |
| Net Income from Continuing Ops | $374M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $374M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $374M |
| D&A | $44M |
| EBIT | $622M |
| EBITDA | $666M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $375M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $448M |
| Capital Expenditure | -$71M |
| Acquisitions (Net) | -$81M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $19M |
| NET CASH FROM INVESTING | -$132M |
| Net Debt Issuance | $43M |
| Common Stock Repurchased | -$109M |
| Common Dividends Paid | -$197M |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$298M |
| FREE CASH FLOW | $377M |
| Net Change in Cash | -$71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $677M |
| Short-Term Investments | $0 |
| Net Receivables | $813M |
| Inventory | $0 |
| Other Current Assets | $188M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $2.3B |
| Goodwill | $792M |
| Intangible Assets | $454M |
| Long-Term Investments | $25M |
| Tax Assets | $1.1B |
| Other Non-Current Assets | $429M |
| TOTAL NON-CURRENT ASSETS | $5.1B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $1.2B |
| Short-Term Debt | $971M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $10.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $12.4B |
| TOTAL LIABILITIES | $14.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$7.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$319M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$7.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$7.7B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $12.3B |
| Net Debt | $11.6B |
