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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SunPower's retained earnings for the quarter that ended in Dec. 2023 was $-2,333 Mil.
SunPower's quarterly retained earnings declined from Jun. 2023 ($-2,150 Mil) to Sep. 2023 ($-2,209 Mil) and declined from Sep. 2023 ($-2,209 Mil) to Dec. 2023 ($-2,333 Mil).
SunPower's annual retained earnings increased from Dec. 2021 ($-2,129 Mil) to Dec. 2022 ($-2,086 Mil) but then declined from Dec. 2022 ($-2,086 Mil) to Dec. 2023 ($-2,333 Mil).
The historical data trend for SunPower'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.
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.
SunPower (NAS:SPWR) 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.
Elizabeth Lynne Eby | officer: EVP, CFO | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Jennifer Johnston | officer: EVP, Chief Operating Officer | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Audrey Zibelman | director | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Steve Louden | director | C/O ROKU, INC., 150 WINCHESTER CIRCLE, LOS GATOS CA 95032 |
Vichheka Heang | officer: Principal Accounting Officer | 77 RIO ROBLES, C/O SUNPOWER CORPORATION, SAN JOSE CA 95134 |
June Sauvaget | officer: EVP, Chief Marketing Officer | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Eileen Evans | officer: EVP, Chief Legal Officer | 3000 HANOVER STREET, PALO ALTO CA 94304 |
Nathaniel Anschuetz | director | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Jonathan Bram | director | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Guthrie Dundas | officer: Interim CFO | 1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804 |
Gip Iii Sol Holdings, L.p. | director, 10 percent owner | 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Global Infrastructure Investors Iii, Llc | director, 10 percent owner | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Global Infrastructure Gp Iii, L.p. | director, 10 percent owner | C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Gip Iii Sol Acquisition, Llc | director, 10 percent owner | 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105 |
Totalenergies Gestion Usa Sarl | 10 percent owner | LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400 |
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