Lucid Group (Lucid Group) Retained Earnings

: $-10,198.8 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lucid Group's retained earnings for the quarter that ended in Dec. 2023 was $-10,198.8 Mil.

Lucid Group's quarterly retained earnings declined from Jun. 2023 ($-8,914.1 Mil) to Sep. 2023 ($-9,545.0 Mil) and declined from Sep. 2023 ($-9,545.0 Mil) to Dec. 2023 ($-10,198.8 Mil).

Lucid Group's annual retained earnings declined from Dec. 2021 ($-6,065.9 Mil) to Dec. 2022 ($-7,370.3 Mil) and declined from Dec. 2022 ($-7,370.3 Mil) to Dec. 2023 ($-10,198.8 Mil).

Lucid Group Retained Earnings Historical Data

The historical data trend for Lucid 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.

* Premium members only.

Lucid Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-1,356.89

-6,065.87

-7,370.33

-10,198.75

Lucid Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings											-7,370.33	-8,149.86	-8,914.09	-9,544.99	-10,198.75

Lucid Group 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.

Lucid Group (NAS:LCID) 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.

Lucid Group (Lucid Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lucid Group Inc (NAS:LCID) » Definitions » Retained Earnings

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Traded in Other Exchanges

LCID:Mexico CH2A:Germany

Address

7373 Gateway Boulevard, Newark, CA, USA, 94560

Website

https://www.lucidmotors.com

Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.

Executives

Michael Bell	officer: Senior Vice President, Digital	C/O SILVER SPRING NETWORKS, INC., 555 BROADWAY STREET, REDWOOD CITY CA 94063
Ayar Third Investment Co	director, 10 percent owner	C/O THE PUBLIC INVESTMENT FUND, P.O. BOX 6847, RIYADH T0 11452
Investment Fund Public	director, 10 percent owner	THE PUBLIC INVESTMENT FUND TOWER,, KING ABDULLAH FINANCIAL DISTRICT (KAFD), AL AQIQ DISTRICT, RIYADH T0 13519
Eric Bach	officer: SVP, Product & Chief Engineer	7373 GATEWAY BLVD,, NEWARK CA 94560
Sherry Ann House	officer: Chief Financial Officer	7373 GATEWAY BLVD,, NEWARK CA 94560
Peter Dore Rawlinson	director, officer: CEO & Chief Technology Officer	7373 GATEWAY BLVD, NEWARK CA 94560
Gagan Dhingra	officer: VP of Acctng & Internal Ctrl	50 HAWTHORNE ST, SAN FRANCISCO CA 94105
Chabi Nouri	director	C/O LUCID GROUP, INC., 7373 GATEWAY BLVD., NEWARK CA 94560
Sherif Marakby	director	6061 FAIRBORN DR, CANTON MI 48187
Ori Winitzer	director	C/O LUCID GROUP, INC., 7373 GATEWAY BLVD., NEWARK CA 94560
Glenn R August	director	C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Turqi A. Alnowaiser	director, 10 percent owner	C/O THE PUBLIC INVESTMENT FUND, P.O. BOX 6847, RIYADH T0 11452
Anthony L Posawatz	director	8071 PINE FOREST CT, DAVISBURY MI 48350
Nichelle Maynard-elliott	director	PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Janet S. Wong	director	2510 LAKE FRONT CIRCLE, THE WOODLANDS TX 77380-1576