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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GAMCO Investors's retained earnings for the quarter that ended in Jun. 2023 was $500.1 Mil.
GAMCO Investors's quarterly retained earnings increased from Dec. 2022 ($471.6 Mil) to Mar. 2023 ($486.5 Mil) and increased from Mar. 2023 ($486.5 Mil) to Jun. 2023 ($500.1 Mil).
GAMCO Investors's annual retained earnings increased from Dec. 2021 ($410.3 Mil) to Dec. 2022 ($471.6 Mil) and increased from Dec. 2022 ($471.6 Mil) to Dec. 2023 ($527.7 Mil).
The historical data trend for GAMCO Investors'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.
GAMCO Investors Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 362.52 | 394.39 | 410.33 | 471.65 | 527.72 |
GAMCO Investors Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | 451.29 | 471.65 | 486.51 | 500.10 | 527.72 |
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.
GAMCO Investors (OTCPK:GAMI) 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.
Ggcp, Inc. | 10 percent owner | 189 MASON STREET, GREENWICH CT 06830 |
Alexis Glick | director | C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580 |
Associated Capital Group, Inc. | 10 percent owner | 191 MASON STREET, GREENWICH CT 06830 |
Kieran Caterina | officer: Acting Co-CFO | ONE CORPORATE CENTER, RYE NY 10580 |
Van Der Eb Henry | other: Senior Vice President | 100 CORPORATE NORTH, SUITE 201, BANNOCKBURN IL 60015 |
Peter D. Goldstein | officer: General Counsel | 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480 |
Mario J Gabelli | director, 10 percent owner, officer: Chairman of the Board and CEO | 191 MASON STREET, GREENWICH CT 06830 |
Leslie B Daniels | director | 540 MADISON, 22ND FLOOR, NEW YORK NY 10022 |
Elisa M. Wilson | director | C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580 |
Raymond Avansino | director | C/O ONE CORPORTATE CENTER, RYE NY 10580 |
Frederick J. Mancheski Revocable Trust Indenture, Dated June 8, 1999, As Amended | 10 percent owner | C/O COLLIER, HALPERN & NEWBERG, LLP, ONE NORTH LEXINGTON AVENUE, 15TH FLOOR, WHITE PLAINS NY 10601 |
Diane Lapointe | officer: Acting Co-CFO | ONE CORPORATE CENTER, RYE NY 10580 |
Ggcp Holdings Llc | 10 percent owner | 140 GREENWICH AVENUE, GREENWICH CT 06830 |
Gabelli Securities Inc | 10 percent owner | ONE CORPORATE CENTER, RYE NY 10580 |
Kevin Handwerker | officer: Executive VP & General Counsel |
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