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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ballys's retained earnings for the quarter that ended in Mar. 2024 was $-730 Mil.
Ballys's quarterly retained earnings declined from Sep. 2023 ($-413 Mil) to Dec. 2023 ($-556 Mil) and declined from Dec. 2023 ($-556 Mil) to Mar. 2024 ($-730 Mil).
Ballys's annual retained earnings declined from Dec. 2021 ($-182 Mil) to Dec. 2022 ($-535 Mil) and declined from Dec. 2022 ($-535 Mil) to Dec. 2023 ($-556 Mil).
The historical data trend for Ballys'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.
Ballys Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Retained Earnings | Get a 7-Day Free Trial | 250.42 | 34.79 | -181.58 | -535.37 | -555.90 |
Ballys Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | -340.79 | -351.64 | -412.63 | -555.90 | -729.81 |
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.
Ballys (NYSE:BALY) 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.
Jeffrey W Rollins | director | |
Jaymin B Patel | director | C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
Terrence Downey | director | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Wanda Y. Wilson | director | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Lee Kim Barker | officer: EVP, Chief Legal Officer | C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Tracy S. Harris | director | C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022 |
Robeson Reeves | director, officer: President, Interactive | 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Craig L Eaton | officer: EVP, General Counsel, Sec. | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
George T. Papanier | director, officer: President and CEO | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Marcus Glover | officer: EVP, Chief Financial Officer | C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Standard General L.p. | director, 10 percent owner | 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153 |
Noel Hayden | 10 percent owner | C/O ANZO GROUP LIMITED, 25 GOLDEN SQUARE, LONDON X0 W1F 9LU |
Marc A Crisafulli | officer: EVP Government Relations | C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
Robert M. Lavan | officer: Executive Vice President, CFO | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
Stephen H Capp | officer: Executive Vice President, CFO | C/O PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148 |
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