Boart Longyear (ASX:BLY) Retained Earnings : A$-2,561 Mil (As of Dec. 2023)

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What is Boart Longyear Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Boart Longyear's retained earnings for the quarter that ended in Dec. 2023 was A$-2,561 Mil.

Boart Longyear's quarterly retained earnings increased from Dec. 2022 (A$-2,564 Mil) to Jun. 2023 (A$-2,509 Mil) but then declined from Jun. 2023 (A$-2,509 Mil) to Dec. 2023 (A$-2,561 Mil).

Boart Longyear's annual retained earnings declined from Dec. 2021 (A$-2,437 Mil) to Dec. 2022 (A$-2,564 Mil) but then increased from Dec. 2022 (A$-2,564 Mil) to Dec. 2023 (A$-2,561 Mil).

Boart Longyear Retained Earnings Historical Data

The historical data trend for Boart Longyear'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.

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Boart Longyear Retained Earnings Chart

Boart Longyear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-2,291.49

-2,248.23

-2,436.64

-2,564.05

-2,561.23

Boart Longyear Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-2,436.64	-2,456.30	-2,564.05	-2,508.77	-2,561.23

Boart Longyear 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.

Boart Longyear (ASX:BLY) 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.

Boart Longyear (ASX:BLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boart Longyear Ltd (ASX:BLY) » Definitions » Retained Earnings

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BLYFF:USA 3JO:Germany

Address

2455 South 3600 West, Salt Lake City, UT, USA, 84119

Website

https://www.boartlongyear.com

Boart Longyear Ltd is a U.S.-based ASX-listed company with large market shares in the Global mineral drilling services and drilling equipment industries. The company operates two divisions: Global Drilling Services and Global Products. The Global Drilling Services division that derives the majority revenue operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation, and parts and services.

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