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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	18,558	20,467	21,149	19,810	17,046	19,263	20,892	23,467	23,306	23,259
Cost of revenue	16,435	18,176	18,830	18,073	15,937	17,871	19,482	21,757	21,667	21,755
Gross profit	2,123	2,291	2,318	1,738	1,109	1,392	1,410	1,710	1,639	1,504
Research and development	144	148	154	151	–	–	–	–	–	–
Selling, general and administrative	608	635	613	605	589	643	685	715	703	708
Operating income	1,461	1,608	1,654	1,070	454	675	654	933	888	777
Interest expense	83	86	84	92	100	92	99	101	106	101
Income before taxes	1,338	1,527	1,538	954	299	584	509	777	733	625
Income tax expense	370	198	312	146	94	138	134	181	191	150
Net income from continuing operations	968	1,329	1,227	808	205	446	376	596	542	475
Net income	975	1,313	1,150	754	159	374	328	573	507	437
Net income to common shareholders	975	1,288	1,139	790	159	374	–	–	–	–