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Income Statement · Annual · Millions · USD

Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	2,167	2,309	2,420	2,407	2,365	2,786	2,972	2,956	2,958	3,165
Cost of revenue	891	947	993	1,011	1,007	1,157	1,248	1,195	1,200	1,289
Net interest income	–	–	–	–	–	–	(36)	(81)	(71)	(48)
Gross profit	1,276	1,362	1,427	1,396	1,359	1,629	1,724	1,761	1,758	1,876
Realized investment gains (losses)	–	–	(1)	–	–	0	0	1	0	–
Research and development	125	133	143	143	141	168	176	175	183	196
Selling, general and administrative	512	544	537	535	554	627	658	736	690	830
Impairment of real estate	–	–	–	–	–	–	–	–	–	–
Compensation and benefits	–	–	–	–	–	–	568	606	596	645
Operating income	625	662	740	708	645	822	873	818	826	803
Interest expense	45	57	49	49	49	45	49	99	90	70
Interest and investment income	21	36	39	22	16	12	11	17	17	19
Other non-operating income (expense)	(1)	(0)	(48)	(4)	(2)	17	2	1	1	3
Income before taxes	600	641	682	678	611	806	838	736	755	755
Income tax expense	79	621	88	86	89	113	130	94	117	112
Net income from continuing operations	522	20	594	592	522	693	708	642	638	643
Net income	522	20	594	592	522	693	708	642	638	643
Net income to common shareholders	522	20	594	592	522	693	708	642	638	643