American Funds The New Economy Fund Class R-2E
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. American Funds The New Economy Fund Class R-2E's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $2,399,152,000. The net income raised on $232,387,000 and profit margin reached 10%. Total operating expenses were $868,604,999.
Profit Margin
| 2014 | 1.57B | 34.39M | 2.19% |
|---|---|---|---|
| 2015 | 1.56B | 63.24M | 4.05% |
| 2016 | 1.53B | 31.34M | 2.04% |
| 2017 | 1.65B | 4.72M | 0.28% |
| 2018 | 1.72B | 125.68M | 7.28% |
| 2019 | 1.78B | 139.96M | 7.86% |
| 2020 | 1.75B | 100.10M | 5.71% |
| 2021 | 2.04B | 219.97M | 10.74% |
| 2022 | 2.27B | 173.90M | 7.63% |
| 2023 | 2.39B | 232.38M | 9.69% |
RNNEX Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 2.39B | 2.27B | 2.04B | 1.75B | 1.78B | 1.72B | 1.65B | 1.53B | 1.56B | 1.57B |
Cost of revenue | 1.24B | 1.20B | 1.03B | 959.31M | 988.15M | 947.88M | 611.19M | 620.81M | 617.81M | 643.99M |
Gross profit | 1.15B | 1.07B | 1.00B | 795.32M | 793.02M | 777.71M | 1.04B | 917.52M | 944.50M | 929.83M |
Operating exp. | ||||||||||
Research and development | 228.80M | 204.18M | 160.87M | 133.38M | 106.41M | 84.09M | 0 | 0 | 0 | 0 |
Selling and marketing | 260.22M | 267.55M | 294.94M | 228.99M | 272.62M | 271.16M | 118.6M | 89.8M | 83.4M | 89.5M |
Total operating expenses | 868.60M | 840.85M | 723.59M | 693.15M | 621.4M | 585.05M | 916.43M | 852.19M | 808.70M | 848.79M |
Operating income | 304.34M | 254.20M | 262.28M | 174.34M | 174.22M | 188.24M | 211.40M | 163.29M | 193.00M | 140.10M |
Other income (expenses), net | -1.75M | -18.20M | 28.21M | -58.91M | -9.76M | -12.15M | -100.18M | -132.76M | -96.25M | -110.25M |
Income before tax | 302.58M | 235.99M | 290.50M | 115.43M | 164.46M | 176.09M | 111.22M | 30.52M | 96.75M | 29.85M |
Income tax expense | 69.83M | 62.09M | 70.53M | 14.59M | 24.49M | 48.63M | 103.95M | 4.42M | 33.91M | 3.54M |
Net income | 232.38M | 173.90M | 219.97M | 100.10M | 139.96M | 125.68M | 4.72M | 31.34M | 63.24M | 34.39M |
Earnings per share | ||||||||||
Basic EPS | 1.4 | 1.04 | 1.31 | 0.6 | 0.83 | 0.75 | 0.02 | 0.19 | 0.38 | 0.21 |
Diluted EPS | 1.4 | 1.04 | 1.31 | 0.6 | 0.84 | 0.75 | 0.02 | 0.19 | 0.38 | 0.21 |