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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	6,973	8,347	9,664	9,556	10,219	12,761	16,128	17,286	13,269	11,800
Cost of revenue	4,514	5,075	5,803	5,860	6,430	7,435	8,493	8,999	8,049	7,801
Net interest income	(20)	(22)	(7)	–	–	–	–	–	–	–
Gross profit	2,459	3,272	3,861	3,696	3,789	5,326	7,635	8,287	5,220	3,999
Research and development	1,331	1,296	1,398	1,498	1,548	1,723	1,901	2,100	2,077	2,044
Selling, general and administrative	907	981	1,095	1,093	1,109	1,323	1,454	1,631	1,649	1,632
Operating income	227	1,005	1,400	1,203	1,323	2,419	4,439	4,611	1,676	175
Interest expense	40	52	54	54	54	42	13	55	85	55
Interest and investment income	20	30	47	55	34	13	71	226	303	223
Income before taxes	201	953	1,389	1,189	1,267	2,337	4,486	4,763	1,878	400
Income tax expense	31	143	96	156	159	331	520	541	313	220
Net income from continuing operations	170	810	1,293	1,033	1,108	2,006	3,966	4,222	1,565	180
Net income	165	802	1,287	1,032	1,106	2,000	3,960	4,211	1,557	166
Net income to common shareholders	165	802	1,287	1,032	1,106	2,000	3,962	4,212	1,558	167