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Income Statement · Annual · Millions · USD

Line item	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Total revenues	22,835	23,400	23,968	22,317	23,668	20,637	22,331	22,952	23,596	25,666
Cost of revenue	15,305	15,733	16,275	14,906	15,609	13,547	14,527	14,875	15,004	16,151
Gross profit	7,530	7,667	7,693	7,411	8,059	7,090	7,804	8,077	8,592	9,515
Realized investment gains (losses)	–	–	–	–	–	–	–	–	–	–
Research and development	307	310	319	274	275	236	251	267	273	265
Selling, general and administrative	5,723	5,642	6,244	5,665	5,258	5,078	5,387	5,661	5,764	5,510
Operating income	–	–	–	–	–	–	–	–	–	–
Interest expense	446	409	335	240	219	225	–	–	227	223
Interest and investment income	11	13	61	23	9	6	–	–	19	8
Other non-operating income (expense)	–	–	–	–	–	–	–	–	–	–
Income before taxes	1,151	1,546	1,056	903	2,614	1,112	1,113	1,522	1,969	3,426
Income tax expense	322	197	(233)	108	868	(182)	(468)	111	245	536
Net income from continuing operations	829	1,349	1,289	795	1,746	1,294	1,581	1,411	1,724	2,890
Net income	1,611	2,162	5,674	631	1,637	1,532	1,849	1,705	3,291	2,853