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Ocean Thermal Energy (Ocean Thermal Energy) Retained Earnings : $-105.65 Mil (As of Dec. 2023)


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What is Ocean Thermal Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ocean Thermal Energy's retained earnings for the quarter that ended in Dec. 2023 was $-105.65 Mil.

Ocean Thermal Energy's quarterly retained earnings declined from Jun. 2023 ($-99.72 Mil) to Sep. 2023 ($-435.45 Mil) but then increased from Sep. 2023 ($-435.45 Mil) to Dec. 2023 ($-105.65 Mil).

Ocean Thermal Energy's annual retained earnings declined from Dec. 2021 ($-89.59 Mil) to Dec. 2022 ($-96.50 Mil) and declined from Dec. 2022 ($-96.50 Mil) to Dec. 2023 ($-105.65 Mil).


Ocean Thermal Energy Retained Earnings Historical Data

The historical data trend for Ocean Thermal Energy's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ocean Thermal Energy Retained Earnings Chart

Ocean Thermal Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -80.46 -86.91 -89.59 -96.50 -105.65

Ocean Thermal Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -96.50 -97.13 -99.72 -435.45 -105.65

Ocean Thermal Energy Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Ocean Thermal Energy  (OTCPK:CPWR) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Ocean Thermal Energy (Ocean Thermal Energy) Business Description

Traded in Other Exchanges
N/A
Address
3675 Market Street, Suite 200, Philadelphia, PA, USA, 19104
Ocean Thermal Energy Corp is engaged in the business of developing deep-water hydrothermal technologies to provide renewable energy and drinking water. OTE's Ocean Thermal Energy Conversion (OTEC) and Sea Water Air Conditioning (SWAC) technologies, Lake Source Cooling are designed to take advantage of the difference between cold deep water and warmer surface water to produce hydrothermal energy without requiring fossil fuels. The company is also in the business of facilitating the development of sustainable living communities by creating ecologically sustainable ecovillages powered by fossil-fuel-free electricity, buildings cooled by energy-efficient and chemical-free systems. Ecovillages are communities whose goal is to become more socially, economically, and ecologically sustainable.
Executives
Peter H Wolfson director 342 N FARM DRIVE, LITITZ PA 17543
Antoinette R. Hempstead director 7611 S. SCENIC MAPLE DR., WEST JORDAN UT 84081
Jeremy Feakins director, 10 percent owner, officer: CEO and CFO 800 SOUTH QUEENS ST., LANCASTER PA 17603
Jpf Venture Group, Inc. 10 percent owner 800 SOUTH QUEENS STREET, LANCASTER PA 17603