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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	4,489	3,802	4,121	4,108	4,348	5,846	6,812	6,401	5,237	5,363
Cost of revenue	3,256	2,854	3,074	2,987	3,135	4,180	4,865	4,614	3,886	4,031
Gross profit	1,180	1,262	1,047	1,121	1,213	1,666	1,947	1,787	1,351	1,332
Provision for credit losses	–	–	–	–	–	–	–	–	–	–
Research and development	139	112	122	122	126	155	203	185	170	169
Selling, general and administrative	598	458	515	510	544	698	771	812	748	851
Total operating expenses	–	–	–	–	–	–	999	1,041	1,025	1,354
Operating income	480	330	356	471	539	813	948	735	312	(41)
Interest expense	28	26	46	76	67	66	98	112	127	112
Interest and investment income	2	3	3	3	1	2	6	10	13	7
Other non-operating income (expense)	(13)	(3)	(4)	(2)	(6)	(7)	(6)	8	9	(2)
Income before taxes	390	213	311	111	473	736	854	629	203	(136)
Income tax expense	115	112	57	80	98	141	172	196	54	0
Net income from continuing operations	274	101	253	30	375	595	681	433	149	(136)
Net income	276	146	265	(131)	373	593	677	420	130	(137)