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AURC (Aurora Acquisition) Retained Earnings : $0.87 Mil (As of Jun. 2023)


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What is Aurora Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Aurora Acquisition's retained earnings for the quarter that ended in Jun. 2023 was $0.87 Mil.

Aurora Acquisition's quarterly retained earnings declined from Dec. 2022 ($2.19 Mil) to Mar. 2023 ($1.70 Mil) and declined from Mar. 2023 ($1.70 Mil) to Jun. 2023 ($0.87 Mil).

Aurora Acquisition's annual retained earnings declined from Dec. 2020 ($-0.02 Mil) to Dec. 2021 ($-6.55 Mil) but then increased from Dec. 2021 ($-6.55 Mil) to Dec. 2022 ($2.19 Mil).


Aurora Acquisition Retained Earnings Historical Data

The historical data trend for Aurora 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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Aurora Acquisition Retained Earnings Chart

Aurora Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Retained Earnings
-0.02 -6.55 2.19

Aurora Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -2.26 -3.23 2.19 1.70 0.87

Aurora 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.


Aurora Acquisition  (NAS:AURC) 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.


Aurora Acquisition Business Description

Traded in Other Exchanges
N/A
Address
20 North Audley Street, London, GBR, W1K 6LX
Aurora Acquisition Corp is a blank check company.
Executives
Thor Bjorgolfsson director, 10 percent owner, officer: Chairman 430 PARK AVENUE, 2ND FLOOR, NEW YORK NY 10022
Novator Capital Sponsor Ltd. 10 percent owner 452 5TH AVENUE, NEW YORK NY 10018
Michael Edelstein director 452 5TH AVENUE, NEW YORK NY 10018
Sangeeta Desai director 452 5TH AVENUE, NEW YORK NY 10018
Prabhu Narasimhan officer: CIO and Head of Legal 452 FIFTH AVENUE, NEW YORK NY 10018
Arnaud Massenet officer: Chief Executive Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Caroline Harding director, officer: Chief Financial Officer 452 FIFTH AVENUE, NEW YORK NY 10018
Shravin Mittal director 452 FIFTH AVENUE, NEW YORK NY 10018