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Income Statement · Annual · Millions · USD

Line item	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	(845)	469	675	1,433	2,359	2,797	3,370
Cost of revenue	1,320	963	1,070	1,356	1,499	1,623	1,914
Gross profit	(2,165)	(494)	(395)	77	860	1,174	1,456
Research and development	231	257	356	465	421	410	428
Selling, general and administrative	542	477	785	924	843	836	826
Operating income	(3,010)	(1,298)	(1,555)	(1,373)	(519)	(168)	65
Interest expense	1,056	1,448	1,701	166	99	106	71
Income before taxes	(3,981)	2,743	3,552	(1,734)	(466)	(95)	269
Income tax expense	7	2	3	6	19	63	69
Net income from continuing operations	(3,988)	2,741	3,549	(1,740)	(485)	(158)	200
Net income	(3,747)	(2,608)	(3,449)	(1,683)	(434)	(105)	268
Net income to common shareholders	(3,747)	(2,608)	(3,449)	(1,683)	(434)	(105)	268