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FoxWayne Enterprises Acquisition (FoxWayne Enterprises Acquisition) Retained Earnings : $-4.89 Mil (As of Sep. 2022)


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What is FoxWayne Enterprises Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. FoxWayne Enterprises Acquisition's retained earnings for the quarter that ended in Sep. 2022 was $-4.89 Mil.

FoxWayne Enterprises Acquisition's quarterly retained earnings declined from Mar. 2022 ($-4.19 Mil) to Jun. 2022 ($-4.50 Mil) and declined from Jun. 2022 ($-4.50 Mil) to Sep. 2022 ($-4.89 Mil).

FoxWayne Enterprises Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2020 ($-0.01 Mil) but then declined from Dec. 2020 ($-0.01 Mil) to Dec. 2021 ($-6.89 Mil).


FoxWayne Enterprises Acquisition Retained Earnings Historical Data

The historical data trend for FoxWayne Enterprises Acquisition'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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FoxWayne Enterprises Acquisition Retained Earnings Chart

FoxWayne Enterprises Acquisition Annual Data
Trend Dec20 Dec21
Retained Earnings
-0.01 -6.89

FoxWayne Enterprises Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Retained Earnings Get a 7-Day Free Trial -6.51 -6.89 -4.19 -4.50 -4.89

FoxWayne Enterprises Acquisition 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.


FoxWayne Enterprises Acquisition  (NAS:FOXWU) 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.


FoxWayne Enterprises Acquisition (FoxWayne Enterprises Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
1 Rockefeller Plaza, Suite 1039, New York, NY, USA, 10020
FoxWayne Enterprises Acquisition Corp is a blank check company.
Executives
Robb Knie director, officer: Chairman and CEO C/O INVENTERGY GLOBAL, INC., 900 EAST HAMILTON AVENUE SUITE 180, CAMPBELL CA 95008
Jonathan Hale Zippin director 1 ROCKEFELLER PLAZA, SUITE 1039, NEW YORK NY 10020
Foxwayne Enterprises Acquisition Sponsor Llc director, 10 percent owner, officer: Chairman and CEO 1 ROCKEFELLER PLAZA, SUITE 1039, NEW YORK NY 10020
Michael Reavey director 1 ROCKEFELLER PLAZA, SUITE 1039, NEW YORK NY 10020
Sundeep Agrawal director 1 ROCKEFELLER PLAZA, SUITE 1039, NEW YORK NY 10020
Jeff Pavell director 1 ROCKEFELLER PLAZA, SUITE 1039, NEW YORK NY 10020

FoxWayne Enterprises Acquisition (FoxWayne Enterprises Acquisition) Headlines