Genel Energy (Genel Energy) Retained Earnings : $-3,473.80 Mil (As of Dec. 2023)

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What is Genel Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Genel Energy's retained earnings for the quarter that ended in Dec. 2023 was $-3,473.80 Mil.

Genel Energy's quarterly retained earnings declined from Dec. 2022 ($-3,413.40 Mil) to Jun. 2023 ($-3,451.10 Mil) and declined from Jun. 2023 ($-3,451.10 Mil) to Dec. 2023 ($-3,473.80 Mil).

Genel Energy's annual retained earnings declined from Dec. 2021 ($-3,410.20 Mil) to Dec. 2022 ($-3,413.40 Mil) and declined from Dec. 2022 ($-3,413.40 Mil) to Dec. 2023 ($-3,473.80 Mil).

Genel Energy Retained Earnings Historical Data

The historical data trend for Genel Energy'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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Genel Energy Retained Earnings Chart

Genel Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-2,691.10

-3,105.90

-3,410.20

-3,413.40

-3,473.80

Genel Energy 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															-3,410.20	-3,281.30	-3,413.40	-3,451.10	-3,473.80

Genel Energy 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.

Genel Energy (OTCPK:GEGYF) 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.

Genel Energy (Genel Energy) Business Description

Industry

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GENLl:UK GENL:UK 4VL:Germany

Address

Fifth Floor, 36 Broadway, Victoria, London, GBR, SW1H 0BH

Website

https://www.genelenergy.com

Genel Energy PLC produces oil and gas primarily in the Kurdistan region of Iraq. The Company has two reportable business segments: Production and Pre-production. Capital allocation decisions for the production segment are considered in the context of the cash flows expected from the production and sale of crude oil. The production segment is comprised of the producing fields on the Tawke PSC , the Taq Taq PSC and the Sarta PSC which are located in the KRI and make sales predominantly to the KRG. The pre-production segment is comprised of discovered resource held under the Qara Dagh PSC, the Bina Bawi PSC and the Miran PSC , all in the KRI and exploration activity, principally located in Somaliland and Morocco.