| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.6B | 8.6% | 10.3% |
| Op. Income | $362M | $351M | $470M | 2.9% | -23.0% |
| Gross Margin | 24.9% | 24.7% | 33.8% | 0.2pp | -8.9pp |
| Net Margin | 16.4% | 18.3% | 24.4% | -1.9pp | -8.0pp |
| EPS (Diluted) | $0.35 | $0.36 | $0.46 | -2.9% | -25.0% |
| Free Cash Flow | -$111M | $345M | $122M | -132.1% | -190.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $430M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | -$23M |
| Operating Expenses | $69M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $362M |
| Interest Income | $30M |
| Interest Expense | $14M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $371M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $283M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $283M |
| D&A | $0 |
| EBIT | $382M |
| EBITDA | $382M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.3B |
| GROSS PROFIT | $430M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | -$23M |
| Operating Expenses | $69M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $362M |
| Interest Income | $30M |
| Interest Expense | $14M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $371M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $287M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $283M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $283M |
| D&A | $0 |
| EBIT | $382M |
| EBITDA | $382M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $283M |
| Depreciation & Amortization | $129M |
| Stock-Based Compensation | $437.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$96M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $317M |
| Capital Expenditure | -$427M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $257M |
| NET CASH FROM INVESTING | -$170M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$300M |
| Other Financing Activities | $290M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | -$111M |
| Net Change in Cash | $127M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $1.9B |
| Net Receivables | $346M |
| Inventory | $7M |
| Other Current Assets | $706M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $5.2B |
| Goodwill | $607M |
| Intangible Assets | $918M |
| Long-Term Investments | $1.6B |
| Tax Assets | $161M |
| Other Non-Current Assets | $331M |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $13.8B |
| Account Payables | $353M |
| Short-Term Debt | $2.7B |
| Deferred Revenue | $243M |
| Other Current Liabilities | $805M |
| TOTAL CURRENT LIABILITIES | $4.2B |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $118M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $75.8K |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | $5.9B |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $96M |
| TOTAL EQUITY | $9.5B |
| TOTAL LIABILITIES & EQUITY | $13.8B |
| Total Debt | $2.8B |
| Net Debt | $816M |
