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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Liberty All Star Equity Fund's retained earnings for the quarter that ended in Dec. 2023 was $328.7 Mil.
Liberty All Star Equity Fund's quarterly retained earnings increased from Dec. 2022 ($96.4 Mil) to Jun. 2023 ($235.6 Mil) and increased from Jun. 2023 ($235.6 Mil) to Dec. 2023 ($328.7 Mil).
Liberty All Star Equity Fund's annual retained earnings declined from Dec. 2021 ($612.2 Mil) to Dec. 2022 ($96.4 Mil) but then increased from Dec. 2022 ($96.4 Mil) to Dec. 2023 ($328.7 Mil).
The historical data trend for Liberty All Star Equity Fund'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.
Liberty All Star Equity Fund Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Retained Earnings | Get a 7-Day Free Trial | 299.48 | 406.92 | 612.24 | 96.44 | 328.68 |
Liberty All Star Equity Fund Semi-Annual Data | |||||||||||||
Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | 612.24 | 62.85 | 96.44 | 235.63 | 328.68 |
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.
Liberty All Star Equity Fund (NYSE:USA) 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.
Mark T Haley | officer: Senior Vice President | C/O LIBERTY ALL-STAR FUNDS, 1290 BROADWAY, SUITE 1100, DENVER CO 80203 |
Robert Milas | officer: Vice President of the Funds | 1290 BROADWAY, SUITE 1000, DENVER CO 80203 |
Milton M Irvin | other: Trustee | C/O LIBERTY ALL-STAR FUNDS, 1290 BROADWAY, SUITE 1100, DENVER CO 80203 |
Edmund J Burke | director | 1290 BROADWAY, SUITE 1100, DENVER CO 80203 |
Parmentier William R Jr | officer: President and Chief Exec. Off. | C/O LIBERTY ALL-STAR FUNDS, 1290 BROADWAY, SUITE 1100, DENVER CO 80203 |
Michelle Stallworth | officer: ASSISTANT SECRETARY | 1290 BROADWAY, SUITE 1000, DENVER CO 80203 |
Erich Rettinger | officer: Treasurer | 1290 BROADWAY SUITE 1100, DENVER CO 80203 |
Tanya Tancheff | officer: Assistant Secretary | 1290 BROADWAY 1000, DENVER CO 80203 |
Maureen K Usifer | other: Trustee | C/O BLACKROCK KELSO CAPITAL ADVISORS LLC, 40 EAST 52ND STREET, NEW YORK NY 10022 |
John J Neuhauser | other: Trustee | C/O LIBERTY ALL-STAR FUNDS, 1290 BROADWAY, SUITE 1100, DENVER CO 80203 |
Howard Roy Gleicher | other: Portfolio Manager | 11100 SANTA MONICA BLVD. SUITE 1700, LOS ANGELES CA 90025 |
Thomas W Brock | director | 1290 BROADWAY, SUITE 1100, DENVER CO 80203 |
Fiduciary Management Inc /wi/ | other: Fund Investment Advisor | 790 N. WATER STREET, SUITE 2100, MILWAUKEE WI 53202 |
Jill Kerschen | officer: Treasurer | 1700 BROADWAY, SUITE 1850, DENVER CO 80290 |
Laton Spahr | other: President of the Adviser | 1290 BROADWAY, SUITE 1100, DENVER CO 80203 |
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