Shanda Games (Shanda Games) Retained Earnings : $231.9 Mil (As of Dec. 2014)

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What is Shanda Games Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Shanda Games's retained earnings for the quarter that ended in Dec. 2014 was $231.9 Mil.

Shanda Games's quarterly retained earnings declined from Dec. 2012 ($418.3 Mil) to Dec. 2013 ($66.2 Mil) but then increased from Dec. 2013 ($66.2 Mil) to Dec. 2014 ($231.9 Mil).

Shanda Games's annual retained earnings declined from Dec. 2012 ($418.3 Mil) to Dec. 2013 ($66.2 Mil) but then increased from Dec. 2013 ($66.2 Mil) to Dec. 2014 ($231.9 Mil).

Shanda Games Retained Earnings Historical Data

The historical data trend for Shanda Games'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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Shanda Games Retained Earnings Chart

Shanda Games Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Retained Earnings

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369.65

262.28

418.30

66.21

231.86

Shanda Games Semi-Annual Data
	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14
Retained Earnings	Get a 7-Day Free Trial			369.65	262.28	418.30	66.21	231.86

Shanda Games 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.

Shanda Games (NAS:GAME) 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.

Shanda Games (Shanda Games) Business Description

Industry

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Address

Website

http://www.shandagames.com

Shanda Games Ltd was incorporated in the Cayman Islands on June 12, 2008. The Company is an online game company in China in terms of the size, diversity of its game portfolio, game revenues and game player base. It completed its initial public offering on September 30, 2009. It develop and source a broad array of game content through multiple channels, including in-house development, licensing, investment, acquisition, joint development and joint operation. As of March 31, 2015, it operated 35 MMO games and 29 mobile games in China and certain overseas markets. The games operated by the Company are: Mir II, BNB, Woool, Legend of Immortals, Age of Wushu, among others. It competes with other online game developers and operators in China, including Tencent Holdings Limited, NetEase, Inc., Changyou.com Limited, Perfect World Co., Ltd., Giant Interactive, Kingsoft, KongZhong Corporation, NetDragon Websoft, Inc. and The9 Limited.