Lithium Americas (Lithium Americas) Retained Earnings : $-264.36 Mil (As of Dec. 2023)

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What is Lithium Americas Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lithium Americas's retained earnings for the quarter that ended in Dec. 2023 was $-264.36 Mil.

Lithium Americas's quarterly retained earnings declined from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($-251.46 Mil) and declined from Sep. 2023 ($-251.46 Mil) to Dec. 2023 ($-264.36 Mil).

Lithium Americas's annual retained earnings declined from Dec. 2021 ($-192.63 Mil) to Dec. 2022 ($-260.43 Mil) and declined from Dec. 2022 ($-260.43 Mil) to Dec. 2023 ($-264.36 Mil).

Lithium Americas Retained Earnings Historical Data

The historical data trend for Lithium Americas'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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Lithium Americas Retained Earnings Chart

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-192.63

-260.43

-264.36

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial				-260.43	-263.72	-	-251.46	-264.36

Lithium Americas 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.

Lithium Americas (NYSE:LAC) 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.

Lithium Americas (Lithium Americas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (NYSE:LAC) » Definitions » Retained Earnings

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Traded in Other Exchanges

WUC:Germany WUC:Germany LAC:Canada

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.