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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BGC Group's retained earnings for the quarter that ended in Dec. 2023 was $-1,119 Mil.
BGC Group's quarterly retained earnings increased from Jun. 2023 ($-1,146 Mil) to Sep. 2023 ($-1,134 Mil) and increased from Sep. 2023 ($-1,134 Mil) to Dec. 2023 ($-1,119 Mil).
BGC Group's annual retained earnings increased from Dec. 2021 ($-1,172 Mil) to Dec. 2022 ($-1,138 Mil) and increased from Dec. 2022 ($-1,138 Mil) to Dec. 2023 ($-1,119 Mil).
The historical data trend for BGC Group'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.
BGC Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -1,253.09 | -1,280.83 | -1,171.92 | -1,138.07 | -1,119.18 |
BGC Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | -1,138.07 | -1,122.83 | -1,146.35 | -1,134.20 | -1,119.18 |
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.
BGC Group (NAS:BGC) 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.
William Dean Addas | director | C/O DEUTSCHE BANK, 300 S. GRAND AVENUE, LOS ANGELES CA 90071-3109 |
Jason W. Hauf | officer: Chief Financial Officer | BGC PARTNERS, 499 PARK AVENUE, NEW YORK NY 10022 |
Arthur U Mbanefo | director | 280 PARK AVENUE 40 WEST, CO ORIX, NEW YORK NY 10017 |
Sean A Windeatt | officer: Chief Operating Officer | C/O BGC PARTNERS, INC., 499 PARK AVENNUE NY 10022 |
Stephen M Merkel | officer: EVP and General Counsel | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
Linda A Bell | director | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
David Richards | director | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
Martin Laguerre | director | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
Steven Bisgay | officer: Chief Financial Officer | 545 WASHINGTON BLVD, JERSEY CITY NJ 07310 |
Cf Group Management Inc | director, 10 percent owner | 135 EAST 57TH ST, NEW YORK NY 10022 |
Cantor Fitzgerald, L. P. | director, 10 percent owner | 110 EAST 59TH STREET, NEW YORK NY 10022 |
Sean Galvin | officer: Chief Accounting Officer | 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310 |
William J Moran | director | 135 EAST 57TH ST, NEW YORK NY 10022 |
Howard W Lutnick | director, 10 percent owner, officer: Chief Executive Officer | |
Steven R Mcmurray | officer: Chief Financial Officer | C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022 |
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