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Leonardo DRS (XTAE:DRS) Retained Earnings : ₪-10,291 Mil (As of Mar. 2024)


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What is Leonardo DRS Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Leonardo DRS's retained earnings for the quarter that ended in Mar. 2024 was ₪-10,291 Mil.

Leonardo DRS's quarterly retained earnings increased from Sep. 2023 (₪-10,673 Mil) to Dec. 2023 (₪-10,399 Mil) and increased from Dec. 2023 (₪-10,399 Mil) to Mar. 2024 (₪-10,291 Mil).

Leonardo DRS's annual retained earnings increased from Dec. 2021 (₪-11,055 Mil) to Dec. 2022 (₪-11,021 Mil) and increased from Dec. 2022 (₪-11,021 Mil) to Dec. 2023 (₪-10,399 Mil).


Leonardo DRS Retained Earnings Historical Data

The historical data trend for Leonardo DRS'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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Leonardo DRS Retained Earnings Chart

Leonardo DRS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial -11,940.31 -11,625.31 -11,054.61 -11,021.26 -10,398.67

Leonardo DRS Quarterly Data
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 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 -10,976.79 -10,847.08 -10,672.91 -10,398.67 -10,291.20

Leonardo DRS 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.


Leonardo DRS  (XTAE:DRS) 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.


Leonardo DRS (XTAE:DRS) Business Description

Traded in Other Exchanges
Address
2345 Crystal Drive, Suite 1000, Arlington, VA, USA, 22202
Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space and cyber domains. The diverse array of defense systems and solutions is offered to all branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms.