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Dover Downs Gaming & Entertainment (Dover Downs Gaming & Entertainment) Retained Earnings : $109.9 Mil (As of Dec. 2018)


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What is Dover Downs Gaming & Entertainment Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Dover Downs Gaming & Entertainment's retained earnings for the quarter that ended in Dec. 2018 was $109.9 Mil.

Dover Downs Gaming & Entertainment's quarterly retained earnings declined from Jun. 2018 ($109.7 Mil) to Sep. 2018 ($109.5 Mil) but then increased from Sep. 2018 ($109.5 Mil) to Dec. 2018 ($109.9 Mil).

Dover Downs Gaming & Entertainment's annual retained earnings declined from Dec. 2016 ($111.3 Mil) to Dec. 2017 ($110.2 Mil) and declined from Dec. 2017 ($110.2 Mil) to Dec. 2018 ($109.9 Mil).


Dover Downs Gaming & Entertainment Retained Earnings Historical Data

The historical data trend for Dover Downs Gaming & Entertainment'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.

Dover Downs Gaming & Entertainment Retained Earnings Chart

Dover Downs Gaming & Entertainment Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.63 110.50 111.29 110.22 109.88

Dover Downs Gaming & Entertainment Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 110.22 109.58 109.73 109.46 109.88

Dover Downs Gaming & Entertainment 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.


Dover Downs Gaming & Entertainment  (NYSE:DDE) 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.


Dover Downs Gaming & Entertainment (Dover Downs Gaming & Entertainment) Business Description

Traded in Other Exchanges
N/A
Address
1131 North DuPont Highway, Dover, DE, USA, 19901
Dover Downs Gaming & Entertainment Inc is a US-based gaming and entertainment company. It operates Dover Downs Casino; Dover Downs Hotel and Conference Center; and Dover Downs Raceway. The Dover Downs Casino operations include table games, including craps, roulette and card games, multi-player electronic table games, race and sports book operation, the festival buffet, Frankie's Italian restaurant, as well as several bars, restaurants and retail outlets. The Dover Downs Hotel and Conference Center include a fine dining restaurant, spa/salon, conference, banquet, ballroom and concert hall facilities. The Dover Downs Raceway includes a harness racing track with pari-mutuel wagering on live and simulcasts horse races. The firm derives the majority of revenue from gaming operation.
Executives
R Randall Rollins other: See Footnote 1 SUNTRUST BANKS INC, PO BOX 4418 MC 643, ATLANTA GA 30302-4418
Henry B Tippie other: See Footnote 1 TONY EVANS, 1131 N DUPONT HWY, DOVER DE 19903
Denis Mcglynn other: See Footnote 1 POST OFFICE BOX 843, DOVER DE 19903
Klaus M Belohoubek other: See Footnote 1
Timothy R Horne other: See Footnote 1
Jeffrey W Rollins other: See Footnote 1
Patrick J Bagley other: See Footnote 1
Rmt Trust other: See Footnote 1 3505 SILVERSIDE ROAD PLAZA CENTRE BLDG., SUITE 203 WILMINGTON DE 19810
Kenneth K Chalmers director
Rollins John W Jr director 1131 N DUPONT HGWY PO BOX 843 DOVER DE 19903
Eugene W Weaver 10 percent owner P O BOX 843, DOVER DE 19803
Richard K Struthers director 900 OLD KENNETT ROAD, GREENVILLE DE 19807
Gates Capital Management, Inc. 10 percent owner 1177 AVE. OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Jeffrey L Gates 10 percent owner 1177 AVENUE OF THE AMERICAS 46TH FLOOR NEW YORK NY 10036
Estate Of Rollins John W Sr 10 percent owner 2200 CONCORD PIKE WILMINGTON DE 19803