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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	10,842	13,094	15,451	17,772	21,454	25,371	27,518	29,771	31,797	33,172
Provision for credit losses	1,088	1,011	1,274	–	–	–	–	–	–	–
Realized investment gains (losses)	–	0	87	208	1,914	46	(304)	(26)	(44)	162
Research and development	834	953	1,071	–	–	–	–	–	–	–
Selling, general and administrative	2,117	2,400	2,855	3,112	3,931	4,559	4,356	3,868	4,148	4,262
Total operating expenses	9,256	10,967	13,257	15,053	18,165	21,109	23,681	24,743	26,472	27,107
Operating income	1,586	2,127	2,194	2,719	3,289	4,262	3,837	5,028	5,325	6,065
Interest expense	3	7	77	115	209	232	304	347	382	441
Other non-operating income (expense)	45	73	182	279	1,776	(163)	(471)	383	4	227
Income before taxes	1,631	2,200	2,376	2,998	5,065	4,099	3,366	5,411	5,329	6,292
Income tax expense	230	405	319	539	863	(70)	947	1,165	1,182	1,059
Net income from continuing operations	1,401	1,795	2,057	2,459	4,202	4,169	2,419	4,246	4,147	5,233
Net income	1,401	1,795	2,057	2,459	4,202	4,169	2,419	4,246	4,147	5,233
Net income to common shareholders	–	–	–	2,459	4,202	4,169	2,419	4,246	4,147	5,233