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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	14,270	14,748	15,374	15,146	13,834	16,802	15,614	16,242	15,845	15,875
Net interest income	(99)	(85)	(95)	(100)	(115)	(95)	(113)	(107)	–	–
Cost of revenue	–	8,209	9,001	8,653	7,777	10,286	9,975	9,678	9,252	9,316
Gross profit	–	6,539	6,373	6,493	6,057	6,516	5,639	6,564	6,593	6,559
Research and development	473	472	464	456	401	463	457	446	447	446
Selling, general and administrative	3,555	3,554	3,573	3,604	3,389	3,780	3,037	3,401	3,391	3,439
Operating income	2,382	2,292	2,118	2,271	2,109	2,171	2,042	2,675	–	–
Interest expense	125	105	118	132	138	121	167	247	241	241
Interest and investment income	26	20	23	32	23	26	54	140	177	153
Other non-operating income (expense)	–	–	–	–	(36)	112	66	(80)	8	(6)
Income before taxes	779	2,005	1,693	1,661	1,362	1,815	1,355	1,690	1,852	2,045
Income tax expense	214	615	353	392	291	374	320	428	475	458
Net income from continuing operations	565	1,390	1,340	1,269	1,071	1,441	1,035	1,262	1,377	1,587
Net income	873	1,594	1,341	1,243	1,059	1,439	1,026	1,270	1,116	1,576