Trends and Analysis: Analyze the trends in the Income Statement over time by comparing the current period to previous periods. Identify any significant revenue, expense, or profitability changes and explain their potential impact on the business. Discuss any challenges or limitations in interpreting the statement. General Dynamics CONSOLIDATED STATEMENT OF EARNINGS Year Ended December 31 (Dollars in millions, except per-share amounts) 2023 2022 2021 Revenue: Products $ 24,595 $ 23,022 $ 22,428 Services 17,677 16,385 16,041 42,272 39,407 38,469 Operating costs and expenses: Products (20,591) (18,981) (18,524) Services (15,009) (13,804) (13,537) General and administrative (G&A) (2,427) (2,411) (2,245) (38,027) (35,196) (34,306) Operating earnings 4,245 4,211 4,163 Other, net 82 189 134 Interest, net (343) (364) (424) Earnings before income tax 3,984 4,036 3,873 Provision for income tax, net (669) (646) (616) Net earnings $ 3,315 $ 3,390 $ 3,257 Earnings per share Basic $ 12.14 $ 12.31 $ 11.61 Diluted $ 12.02 $ 12.19 $ 11.55