American Funds New Economy R2E (RNNEX) Financial Statements

Income statement

Metric	TTM	2023	2022	2021	2020
Revenue
Total Revenue	2.4B	2.4B	2.3B	2.0B	1.8B
Cost of Revenue	1.2B	1.2B	1.2B	1.0B	959.3M
Gross Profit	1.2B	1.2B	1.1B	1.0B	795.3M
Operating Expenses
R&D Expense	228.8M	228.8M	204.2M	160.9M	133.4M
SG&A Expense	561.6M	557.8M	558.3M	554.6M	454.5M
General & Admin Expense	301.4M	297.6M	290.8M	259.7M	225.5M
Selling & Marketing Expense	260.2M	260.2M	267.6M	294.9M	229.0M
Other Expenses	—	—	—	—	—
Total Operating Expenses	868.8M	868.6M	840.9M	723.6M	693.2M
Cost and Expenses	2.1B	2.1B	2.0B	1.8B	1.7B
Operating Income (EBIT)	300.6M	304.3M	254.2M	262.3M	174.3M
Non-Operating
Interest Income	21.1M	21.1M	6.5M	5.8M	13.3M
Interest Expense	—	—	—	—	—
Net Interest Income	21.1M	21.1M	6.5M	5.8M	13.3M
Other Non-Op Income/Expense	1.7M	(1.8M)	(18.2M)	28.2M	(58.9M)
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	302.2M	302.6M	236.0M	290.5M	115.4M
Income Tax Expense	69.8M	69.8M	62.1M	70.5M	14.6M
Bottom Line
Net Income	232.4M	232.4M	173.9M	220.0M	100.1M
Earnings from Cont. Ops	232.4M	232.4M	173.9M	220.0M	100.1M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	232.4M	232.4M	173.9M	220.0M	100.1M
Per Share
Basic EPS	$1.39	$1.40	$1.04	$1.31	$0.60
Diluted EPS	$1.39	$1.40	$1.04	$1.31	$0.60
Revenue Per Share	—	—	—	—	—
Shares
Basic Shares Outstanding	—	—	—	—	—
Diluted Shares Outstanding	—	—	—	—	—
Profitability Metrics
EBITDA	378.9M	382.7M	329.0M	310.7M	221.8M
D&A	80.4M	87.5M	74.8M	48.4M	47.4M
EBIT	168.9M	—	254.2M	262.3M	174.3M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2023