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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	4,268	4,171	4,913	5,639	5,767	7,339	6,564	6,956	7,710	7,786
Cost of revenue	4,156	3,732	4,329	4,986	5,101	6,533	5,736	5,979	6,611	6,636
Gross profit	112	439	584	653	666	806	828	977	1,099	1,150
Selling, general and administrative	–	244	294	341	335	393	420	487	543	578
Operating income	19	264	468	362	57	231	343	449	659	778
Interest expense	13	21	66	99	72	80	87	115	144	158
Other non-operating income (expense)	18	4	(6)	5	1	(9)	12	(5)	(7)	(6)
Income before taxes	24	247	396	268	(14)	146	284	(165)	508	614
Income tax expense	84	(193)	86	59	28	111	92	95	129	156
Net income from continuing operations	(60)	440	310	209	(42)	35	192	(260)	379	458
Net income	(70)	432	281	202	(63)	27	190	(265)	375	415
Net income to common shareholders	–	–	–	–	(63)	27	189	(265)	374	–