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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Daseke's retained earnings for the quarter that ended in Dec. 2023 was $-259 Mil.
Daseke's quarterly retained earnings increased from Jun. 2023 ($-231 Mil) to Sep. 2023 ($-230 Mil) but then declined from Sep. 2023 ($-230 Mil) to Dec. 2023 ($-259 Mil).
Daseke's annual retained earnings increased from Dec. 2021 ($-277 Mil) to Dec. 2022 ($-232 Mil) but then declined from Dec. 2022 ($-232 Mil) to Dec. 2023 ($-259 Mil).
The historical data trend for Daseke'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.
Daseke Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Retained Earnings | Get a 7-Day Free Trial | -327.00 | -327.80 | -276.80 | -232.30 | -259.30 |
Daseke 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 | -232.30 | -234.50 | -231.30 | -230.20 | -259.30 |
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.
Daseke (NAS:DSKE) 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.
Aaron Coley | officer: EVP and CFO | 15455 DALLAS PKWY, SUITE 550, ADDISON TX 75001 |
Scott Hoppe | officer: EVP and COO | C/O DASEKE, 15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001 |
Rick Alan Williams | officer: EVP and COO | 15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001 |
Melendy E Lovett | director | 14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254 |
Bruce Blaise | director | C/O DASEKE, 15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001 |
Williams Ena Koschel | director | 15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001 |
Catharine D Ellingsen | director | 18500 N. ALLIED WAY, PHOENIX AZ 85054 |
Charles F Serianni | director | 110 S.E. 6TH STREET, 28TH FLOOR, FORT LAUDERDALE FL 33301 |
Jason R. Bates | officer: EVP and CFO | USA TRUCK, INC., 3200 INDUSTRIAL PARK ROAD, VAN BUREN AR 72956 |
Grant Edward Garbers | director | C/O DASEKE, 15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001 |
Soumit Roy | officer: Chief Legal Officer & Sec. | DASEKE, 15455 DALLAS PARKWAY, SUITE 550, ADDISON TX 75001 |
Jonathan Shepko | director | 15455 DALLAS PKWY, STE. 440, ADDISON TX 75001 |
Kevin M. Charlton | director | 14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254 |
Brian Bonner | director | 15455 DALLAS PKWY, STE. 440, ADDISON TX 75001 |
Kimberly Warmbier | director | 3150 SABRE DRIVE, SOUTHLAKE TX 76092 |
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