NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP (NRC) [Rocket]

In millions, except per share items	May-31-23	May-31-22	May-31-21	May-31-20	May-31-19	May-31-18	May-31-17	May-31-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total interest expense	-1,089.7	-740.8	-737.6	-821.1	-836.2	-792.7	-741.7	-681.9
Net interest income	348.8	334.3	298.9	330.2	299.5	284.6	294.9	330.8
Net interest income after provision for loan losses	348.8	334.3	298.9	330.2	299.5	284.6	294.9	330.8
Gain on sale of investments, net				-790.2	-363.3	231.7	94.9	-309.8
Other non-interest income	52.6	14.8	31.2	-734.8	13.6	17.6	132.6	14.9
Total non-interest income	52.6	14.8	31.2	-1,524.9	-349.8	249.3	227.5	-295.0
Non-interest expenses	-121.0	-106.1	-105.4	-127.4	-101.9	-92.8	-88.0	-87.9
Pre-tax income	249.3	240.7	192.0	-590.6	-151.0	459.7	313.8	-51.5
Income taxes	-0.8	-1.1	-1.0	-1.2	0.2	2.3	1.7	0.1
Tax rate				0.2%		0.5%	0.5%
Minority interest	-0.1	-2.7	-2.3	-4.2	-2.0	2.2	2.2	-1.9
Net income	250.2	244.5	195.3	-585.2	-149.2	455.2	309.9	-49.7
Net margin	13.9%	16.0%	13.2%	1346.4%	-13.7%	85.3%	59.3%	-138.6%

Basic EPS
Diluted EPS

Shares outstanding (basic)
Shares outstanding (diluted)

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.