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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Frontier Group Holdings's retained earnings for the quarter that ended in Mar. 2024 was $85 Mil.
Frontier Group Holdings's quarterly retained earnings declined from Sep. 2023 ($148 Mil) to Dec. 2023 ($111 Mil) and declined from Dec. 2023 ($111 Mil) to Mar. 2024 ($85 Mil).
Frontier Group Holdings's annual retained earnings declined from Dec. 2021 ($159 Mil) to Dec. 2022 ($122 Mil) and declined from Dec. 2022 ($122 Mil) to Dec. 2023 ($111 Mil).
The historical data trend for Frontier Group Holdings'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.
Frontier Group Holdings Annual Data | |||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Retained Earnings | Get a 7-Day Free Trial | 486.00 | 261.00 | 159.00 | 122.00 | 111.00 |
Frontier Group Holdings Quarterly Data | ||||||||||||||||||||
Mar17 | Dec18 | 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 | 109.00 | 180.00 | 148.00 | 111.00 | 85.00 |
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.
Frontier Group Holdings (NAS:ULCC) 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.
James G. Dempsey | officer: EVP & Chief Financial Officer | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Howard Diamond | officer: SVP, GC & Secretary | C/O FRONTIER AIRLINES, 7001 TOWER ROAD, DENVER CO 80249 |
Rajat Khanna | officer: See Remarks | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80239 |
Barry Biffle | director, officer: See Remarks | C/O SPIRIT AIRLINES, 2800 EXECUTIVE WAY, MIRAMAR FL 30325 |
Jacob F. Filene | officer: See Remarks | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Daniel M. Shurz | officer: See Remarks | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Josh A Wetzel | officer: VP & CAO | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80239 |
Ofelia Kumpf | director | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Mark Christopher Mitchell | officer: Chief Accounting Officer | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Robert J. Genise | director | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Indigo Frontier Holdings Company, Llc | 10 percent owner | C/O INDIGO PARTNERS, 2525 EAST CAMELBACK ROAD, SUITE 900, PHOENIX AZ 85016 |
Josh T. Connor | director | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
Patricia Salas Pineda | director | C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111 |
William A Franke | director, 10 percent owner | |
Trevor J. Stedke | officer: See Remarks | C/O FRONTIER GROUP HOLDINGS, INC., 4545 AIRPORT WAY, DENVER CO 80238 |
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